NAIROBI, May 1 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Monday.
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WORLD OIL PRICES
Oil prices fell on Monday as jitters over the prospect of the
U.S. Federal Reserve raising interest rates, which could slow
growth and hit fuel demand, and worries about weaker Chinese
manufacturing data combined to erase earlier
gains. 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 was little changed against the dollar
on Friday, as local budget and trade data failed to offer
much relief to investors in Africa's most industrialised
economy. NIGERIA CRUDE OIL
More Nigerian export plans for June emerged as production
resumed on ExxonMobil-operated crude oil streams, though
official selling prices were still awaited. KENYA MARKETS
Kenya's shilling held its ground against the dollar on
Friday, as traders were cautious before the introduction of
oil import deals that should ease persistent FX demand from
fuel marketers. KENYA INFLATION
Kenya's inflation dropped to 7.9% year-on-year in
April from 9.2% a month earlier, helped by some food items
dropping in price, data from the statistics office showed on
Friday. TANZANIA ECONOMY
Tanzania's economy is expected to grow faster this year
compared with a year earlier, but performance could be
dampened by effects of the war in Ukraine, Finance Minister
Mwigulu Nchemba said in a letter to the International
Monetary Fund. GHANA DEBT
Ghana's government will immediately commit $750 million,
including a $250 loan from the World Bank, to a financial
stability fund set up to provide liquidity support to banks
participating in a domestic debt exchange, minister of state
for finance Mohammed Amin Adam said on Friday. BOTSWANA CENTRAL BANK RATE
Botswana's central bank kept its monetary policy rate unchanged at 2.65% on Friday, despite inflation
rising in the latest month. For the latest precious metals report click on For the latest base metals report click on For the latest crude oil report click on (Compiled by Nairobi Newsroom)
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