NAIROBI, May 4 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Thursday.
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GLOBAL MARKETS
Global stock markets sagged while the Japanese yen rose on
Thursday in reaction to the Fed's policy statement and signs
of stress at another U.S. regional bank, spurring investors to
price in a pivot rather than just a pause in rate
rises. WORLD OIL PRICES
Oil prices recovered slightly on Thursday but were unable to
claw back the more than 9% decline in the previous three days
as demand concerns in major consumers overrode signals that
the U.S. may pause its interest rates increases. EMERGING MARKETS
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The South African rand gained on Wednesday ahead of a Federal
Reserve interest rate announcement that will set the tone for
markets globally. KENYA MARKETS
The Kenyan shilling was weaker on Wednesday as dollar
demand from the manufacturing sector outstripped
foreign-currency inflows from remittances, traders
said. KENYA ECONOMY
Kenya's economy grew 4.8% in 2022, down from 7.6% a year
earlier, as a severe drought hurt agricultural output, the
statistics office said on Wednesday. KENYA POLITICS
Kenya's opposition on Wednesday said they had suspended the
latest anti-government protests planned for Thursday after
reaching an agreement with the government of President William
Ruto. ETHIOPIA BANKING
Ethiopia will issue up to five banking licenses to foreign
investors in the next five years, part of plans to open up the
financial services sector to foreign competition, a senior
central bank official said on Wednesday. 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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