NAIROBI, April 21 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Friday.
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GLOBAL MARKETS
Asian stocks slid toward their worst week in a
month-and-a-half on Friday and oil nursed losses, while
bonds enjoyed their best bid in weeks as U.S. data and
earnings showed signs of weakness. WORLD OIL PRICES
Oil prices eased for the third straight day on Friday and
looked set for a hefty weekly loss as softening U.S.
economic data and a rise in U.S. gasoline inventories raised
concerns about a recession and slower global oil
demand. EMERGING MARKETS
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The South African rand gained on Thursday as the dollar
slipped after U.S. weekly jobless claims data fuelled hopes
the U.S. Federal Reserve could slow interest rate
hikes. AFRICA CURRENCIES
Kenya's shilling and Zambia's kwacha are seen weakening in
the next week to Thursday, while the Ghanaian and Ugandan
currencies are expected to hold steady, traders
said. AFRICA VENTURE CAPITAL
Venture capital investments in Africa dipped slightly to
$6.5 billion last year but avoided the sharp drop seen in
most other global regions, data released by an industry
group showed on Thursday. KENYA MARKETS
Kenya's shilling was broadly stable on Thursday,
although it was expected to weaken due to increased demand
for dollars from general goods importers and oil-retailing
companies, traders said. META KENYA
A Kenyan judge ruled on Thursday that Facebook's parent
company Meta could be sued in Kenya, after 43
moderators at its Nairobi hub last month filed a lawsuit
against the group and its local partner Sama for unfair
termination. For the latest precious metals report click on For the latest base metals report click on For the latest crude oil report click on
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