African Markets - Factors to watch on April 24

NAIROBI, April 24 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. - - - - - GLOBAL MARKETS Asian shares started cautiously on Monday in a week packed with economic data and central bank meetings, along with earnings from the tech giants that have kept the S&P 500 afloat so far this year. WORLD OIL PRICES Oil prices fell on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of tighter supplies on OPEC+ supply cuts. EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on African stocks, click on SOUTH AFRICA MARKETS The South African rand weakened on Friday, as rising expectations that the U.S. Federal Reserve will raise interest rates by 25 basis points (bps) in May lent support to the dollar.

KENYA MARKETS 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.

BURKINA FASO SECURITY Around 60 civilians were killed on Friday in northern Burkina Faso by people wearing the uniforms of the Burkinabe armed forces, local prosecutor Lamine Kabore said on Sunday, citing information from police in the town of Ouahigouya.

SUDAN POLITICS The armed forces of the United States and the United Kingdom have evacuated embassy staff from Sudan, while other nations rushed to get their citizens to safety as rival military factions battled in the capital Khartoum on Sunday.

ETHIOPIA CONFLICT Ethiopian Prime Minister Abiy Ahmed said his government will begin negotiations with rebel group the Oromo Liberation Army (OLA) in Tanzania on Tuesday.

KENYA RELIGION Kenyan police have now exhumed the bodies of 47 people thought to be followers of a Christian cult who believed they would go to heaven if they starved themselves to death.

BURUNDI POLITICS The former prime minister of Burundi, Alain Guillaume, has been arrested, the country's justice ministry said in a statement on Sunday.

MALI SECURITY At least nine people were killed and more than 60 wounded when a triple suicide bomb attack destroyed about 20 buildings in the central Mali town of Sevare early on Saturday, a spokesperson for the regional governor said.

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African Markets - Factors to watch on April 24

By Reuters

Reuters

Reuters

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