The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Thursday.
- - - - -
MAURITIUS - Expecting inflation data for November.
The rate inched down to 4.3 percent in October.
ZAMBIA - The central bank auctions Treasury bills.
BOTSWANA - Expecting the central bank to set its
lending rate after leaving it at 9.5 percent in
MOZAMBIQUE - Expecting the latest economic growth
estimates for 2012.
Asian shares rose to a 16-month high on Thursday
after U.S. President Barack Obama said a deal to
avert the so-called fiscal cliff of year-end tax
hikes and spending cuts was possible in 'about a
week' if Republicans compromise on taxes.
WORLD OIL PRICES
Brent crude held below $109 per barrel on
Thursday, as niggling worries about the global
economy and oil demand following subdued data from
the United States and Europe countered supply
fears stemming from simmering Middle East
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SOUTH AFRICA CURRENCY, BONDS
South Africa's rand edged up against the dollar
after encouraging euro zone economic data, but
local current account figures on Thursday may set
the longer-term direction, and a wider than
expected deficit could weigh on the rand.
SOUTH AFRICA SHARES
South African stocks booked their highest close on
record, as renewed risk appetite prompted
investors to buy higher-yielding shares like Kumba
Nigeria's naira firmed further against
the U.S dollar on the interbank market on
Wednesday, boosted by dollar sales by some unit of
foreign banks and U.S. oil major Chevron.
Nigeria's central bank governor said on Wednesday
that monetary tightening earlier in the year had
largely achieved its objectives of stabilising the
naira and taming inflation, which were less of a
worry than four months ago.
The Kenyan shilling weakened against the
dollar on Wednesday as importers bet low
inflation would give room for policymakers to
lower interest rates further in January and bought
The World Bank said on Wednesday it had cut
Kenya's economic growth forecast to 4.3 percent in
2012 from an earlier 5 percent due to the effects
of high lending rates, before recovering to 5
percent in 2013.
Ghana's cliff-hanger presidential election on
Friday will test the country's reputation as a
bulwark for democracy and economic growth in
Africa's so-called coup-belt.
Rwanda may have to cut its 2013 economic growth
forecast, its finance minister said, if $240
million in international aid remains delayed or
suspended over allegations it backed rebels in
IVORY COAST FUNDS
Ivory Coast secured $8.6 billion in donor
financing on Wednesday to fund a 2013-2015
development plan, nearly twice the amount the
government was seeking, Prime Minister Daniel
Kablan Duncan said.
The Ugandan shilling weakened fractionally
against the dollar on Wednesday and traders said
this week's surprise rate cut and a slew of donor
aid freezes pointed to further losses.
Sudan plans to close the gap between official and
black market exchange rates through higher
earnings from resources like gold and oil instead
of devaluing the pound again, a vice-president
said on Wednesday.
SOUTH SUDAN OIL
Sudan will not allow South Sudan's oil exports to
flow through its territory until Juba cuts ties
with anti-Khartoum rebels and expels their
leaders, a Sudanese vice president said on
Wednesday, dampening hopes that bilateral tensions
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((Compiled by Nairobi Newsroom))
Keywords: AFRICA FACTORS/
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