NAIROBI, Nov 7 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
- - - - -
*MAURITIUS - Mauritius releases its consumer inflation data
*KENYA - Central Bank of Kenya auctions 91-day Treasury bills
worth 2 billion shillings.
*TANZANIA - President Jakaya Kikwete to address the
Asian stocks struggled on Thursday as investors waited for
stimulus-sensitive U.S. payroll data, although the euro
perked up ahead of the European Central Bank's policy
WORLD OIL PRICES
Brent crude slipped below $105 a barrel on Thursday to its
lowest since early July as investors were reluctant to lock
in fresh positions ahead of key announcements due later in
the day from Europe and the United States.
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SOUTH AFRICA MARKETS
South Africa's rand held in a narrow range against the dollar
in lacklustre trade on Wednesday ahead of a European Central
Bank interest rate decision and U.S. non-farm jobs data later
in the week.
South stocks booked a record close for the third straight
day on Wednesday, rising over 1 percent as shares of
AngloGold Ashanti surged after the gold producer
powered back to a quarterly profit.
The Nigerian naira currency strengthened for the fifth day in
a row against the dollar on the interbank market to a 5-month
high on Wednesday, supported by large dollar sales by the
state-owned energy company NNPC.
Its stocks index rose to their highest in three months on
Wednesday, boosted by positive nine month earnings posted by
Nigerian President Goodluck Jonathan asked the national
assembly on Wednesday to extend by six months a state of
emergency in three northeastern states where the military is
fighting a drawn out battle with Islamist
Kenyan main share index rose on Wednesday, pushed up
by telecoms operator Safaricom which reported
better-than-expected results, while the shilling held
steady in tight supply.
Tanzania's economy is set to grow 7 percent in 2013 but the
government needs to expand revenue by simplifying tax
exemptions and curbing power subsidies to sustain growth and
ease fiscal pressure, the IMF said on Wednesday.
Ethiopia's economy has reached a crossroads and, to prevent
growth rates from falling, needs to be restructured to
encourage more private sector investments, the International
Monetary Fund said on Wednesday.
IVORY COAST EXPLORATION
France's Total and partner Anadarko will
spend up to $300 million to drill exploration wells on three
offshore block in Ivory Coast in 2014, the head of Total's
local unit said on Wednesday.
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((Compiled by Nairobi Newsroom))
Keywords: AFRICA FACTORS/
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