*KENYA - Equity Group Holdings releases its first quarter 2023 financial results.
GLOBAL MARKETS Asia stocks mostly held firm on Tuesday despite weaker-than-expected Chinese economic data, with investors expecting the world's second-biggest economy to provide policy support. WORLD OIL PRICES Oil prices rose for a second day early on Tuesday, as U.S. plans to purchase oil for the Strategic Petroleum Reserve (SPR) lent support while raging wildfires in Canada fuelled supply worries. 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 South Africa's rand firmed on Monday, recovering from an all-time low hit against the dollar last week as investors were spooked by possible sanctions amid U.S. allegations, rejected by Pretoria, that South Africa had shipped arms to Russia. NIGERIA INFLATION Nigeria's annual inflation rose to 22.22% in April from 22.04% the previous month, as the price of food continued to rise, the National Bureau of Statistics said on Monday. KENYA MARKETS Kenya's shilling weakened on Monday to a new low due to increased demand for dollars from oil retailing companies and general goods importers, traders said. KENYA CENTRAL BANK Kenya's President William Ruto has nominated Kamau Thugge, a former senior Treasury official who now works as an economic presidential adviser, as the country's next central bank governor, the president's office said on Monday. IVORY COAST COCOA Cocoa arrivals at ports in top grower Ivory Coast had reached 1.989 million tonnes by May 14 since the start of the season on Oct. 1, down 6.1% from the same period last season, exporters estimated on Monday. 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)
