by Reuters Staff
NAIROBI, April 13 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
- - - - -
*CONGO REPUBLIC - Finance ministers from the West African
and Central African monetary unions meet in Congo Republic's
capital Brazzaville to discuss the franc currency and other
*MAURITIUS - Bank of Mauritius to auction 364-day Treasury
bills worth a total 800 million rupees.
Global stocks recovered to three-week highs on Friday as
anticipated strong earnings season took centre stage after
U.S. President Donald Trump backtracked on his suggestion of
an imminent missile attack on Syria.
WORLD OIL PRICES
Oil prices edged lower on Friday after U.S. President Donald
Trump tempered remarks warning of an imminent missile attack
on Syria, but were still set for their biggest weekly gains
in more than 8 months.
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SOUTH AFRICA MARKETS
South Africa's rand weakened against a stronger dollar on
Thursday as rising tensions between Russia and the United
States over Syria curbed risk appetite, while stocks rose
led by banks.
Annual inflation in Nigeria stood at 13.34 percent in March,
its lowest level in two years and its 14th straight drop in
as many months, the National Bureau of Statistics said on
Shares in Nigerian oil company Oando surged 10
percent on resuming trade in Lagos on Thursday after the
regulator lifted a suspension.
The Kenyan shilling was in a firm position against
the dollar on Thursday supported by inflows from exporters
in the agricultural sector, traders said.
Kenya will sell 15-year and 20-year
Treasury bonds worth a total of 40 billion shillings ($397
million)this month, the central bank said on Thursday.
KENYA EAST AFRICAN BREWERIES
Diageo's East African Breweries will
start producing Captain Morgan rum locally as part of wider
investment in its spirit business in response to growing
Ghana sold 809.89 million cedis ($182 mln) worth of
seven-year domestic bonds issued on Thursday and will pay a
yield of 16.25 percent, joint transaction arrangers Barclays
Bank Ghana said.
Uganda plans to slap a new tax on social media users from
July to raise revenue, which human rights activists
denounced as another attempt by President Yoweri Museveni to
stifle freedom of expression and quash dissent to his
National Microfinance Bank (NMB) , Tanzania's
biggest bank by market capitalisation, is ready to
participate in a needed consolidation of Tanzania's
fragmented banking sector, its chief executive said on
IVORY COAST POLITICS
Ivory Coast inaugurated on Thursday its first senate, an
upper house to the West African nation's parliament that
President Alassane Ouattara called a "chamber of wisdom" but
which the opposition says will tighten his grip on power.
BURKINA FASO MINING
Burkina Faso will terminate a contract with the company of
Romanian-Australian tycoon Frank Timis to develop one of the
world's biggest manganese mines, its mines minister said on
Namibia's consumer inflation was unchanged at 3.5 percent
year-on-year in March, official data showed on
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