The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Thursday.
- - - - -
ZIMBABWE - Expecting first results from elections observers.
Official presidential results expected in five days.
KENYA - The central bank auctions 91-day Treasury bills.
Asian shares and commodity prices rose on Thursday after
China's official manufacturing activity data came in better
than expected, easing some concerns of a sharp slowdown in
the world's second-largest economy.
WORLD OIL PRICES
Brent crude futures rose towards $108 a barrel on Thursday
as robust economic data from the United States and China
brightened the outlook for demand in the world's two largest
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SOUTH AFRICA CURRENCY
South Africa's rand slipped against the dollar on Wednesday,
mirroring other currencies, after stronger than expected
U.S. GDP figures.
Nigeria's naira currency firmed slightly against the U.S
dollar on the interbank market on Wednesday, after a unit of
Royal Dutch Shell sold an unspecified amount of
dollars to some lenders, traders said.
Nigeria plans to sell 172.05 billion naira ($1.07 billion)
worth of treasury bills with maturities of three months to
one year at its regular auction on August 7, the central
Kenyan shares fell for the first time in three sessions on
Wednesday, dragged lower by a tumble in East African
Breweries (EABL) shares, while the shilling
Kenyan inflation rose to 6.02 percent in the
year to July from 4.91 percent in June, the statistics
office said on Wednesday, hitting its highest level for a
year and reducing scope for an interest rate cut.
Uganda's inflation rate in the year to July
rose to 5.1 percent from a revised figure of 3.6 percent a
month earlier, official data showed on Wednesday, due to a
rise in food prices after a dry spell hurt supplies.
Zimbabweans voted in large numbers on Wednesday in a
fiercely contested election pitting veteran President Robert
Mugabe against Prime Minister Morgan Tsvangirai, who has
vowed to push Africa's oldest leader into retirement after
33 years in power.
Zambia left its main lending rate unchanged at 9.75 percent
on Wednesday as the southern African nation aims to meet a
target of 6 percent inflation by the end of the year.
The Bank of Ghana left its main interest rate unchanged at
16.0 percent on Wednesday saying current monetary policy was
appropriate given the need to balance inflationary pressures
Mauritius' central bank governor - in a minority in seeking
to raise the Bank of Mauritius's key repo rate in the last
two monetary policy committee meetings - said he remains
concerned inflation may climb.
SOUTH SUDAN CABINET
South Sudan's oil minister Stephen Dhieu Dau will keep his
post in the new government, while new appointments will be
made to the key finance and defence portfolios, officials
said on Wednesday.
* Sudan hopes it will not be forced to block vital crude
exports from neighbouring South Sudan.
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((Compiled by Nairobi Newsroom))
Keywords: AFRICA FACTORS/
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