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African Markets - Factors to watch on Sept. 2

reuters.com · 09/02/2021 00:39
African Markets - Factors to watch on Sept. 2

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.

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GLOBAL MARKETS

Asian share markets were in a cautious mood on Thursday as concerns grew over the Chinese economy after a run of soft data, while the risk of a sub par U.S. payrolls report kept the dollar on the defensive.nL4N2Q345JMKTS/GLOB


WORLD OIL PRICES

Oil prices fell on Thursday after OPEC+ agreed to keep its policy of gradually returning supply to the market at a time when coronavirus cases around the world are surging and many U.S. refiners, a key source of crude demand, remained offline.nL1N2Q409DO/R


EMERGING MARKETS

For the top emerging markets news, double click on nTOPEMRG


AFRICA STOCKS

For the latest news on African stocks, click on .J




SOUTH AFRICA MARKETS

South Africa's rand extended recent gains on Wednesday, continuing to track the dollar and signals about when the U.S. Federal Reserve might begin paring back its massive pandemic-era stimulus.nL1N2Q31E4



NIGERIA MARKETS

The Nigerian naira NGNP= hit a record low of 528 against the dollar on the black market on Wednesday, after the central bank ordered lenders to publish the names of individuals that violate rules for buying hard currency for international travel.nL1N2Q312O




NIGERIA KIDNAPPING

Armed men kidnapped 73 children from a school in the northwestern Nigerian state of Zamfara in the latest mass abduction in the region, police said in a statement on Wednesday.nL1N2Q31OQ



NIGERIA MINISTERS

Nigerian President Muhammadu Buhari sacked the ministers for power and agriculture on Wednesday in a rare cabinet reshuffle, citing the need to improve economic management and the delivery of public services.nL1N2Q312Z




NIGERIA COCOA

Nigeria's cocoa output is likely to fall by at least 12.5% next season as late and heavy rains threaten to damage the main crop and raise the risk of disease, the president of the country's cocoa industry association said.nL1N2Q30XC

KENYA MARKETS

The Kenyan shilling KES= was stable on Wednesday but was seen pressured by demand from importers of energy and food items like maize.nL8N2Q31WU



KENYA WILDLIFE

Kenya's black rhinos, sable antelope and three other species are critically endangered, while nine more species including lions, elephants and cheetahs are endangered, the government said, citing the threat from an expanding human population.nL8N2Q31GP




ZAMBIA ECONOMY

Zambia's central bank left its benchmark interest rate unchanged at 8.5% on Wednesday, and the bank's governor said tougher fiscal discipline and concluding an agreement on an IMF lending programme were critical for economic stability.nL1N2Q30J1




UGANDA MARKETS

The Ugandan shilling UGX= was stable on Wednesday as demand for hard currency from both importers and banks remained unchanged.nL8N2Q328B




CONGO SECURITY

Four civilians were killed and dozens taken hostage in eastern Democratic Republic of Congo on Wednesday when suspected Islamist militants ambushed a convoy and set fire to the vehicles, the government said.nL1N2Q31MG




IVORY COAST TELEVISION/RAPE

A television presenter in Ivory Coast was convicted on Wednesday of glorifying rape and given a one-year suspended prison sentence for asking a convicted rapist he invited onto his prime-time show to simulate a sexual assault using a mannequin.nL1N2Q323J




BURKINA FASO SECURITY/IAMGOLD

Gunmen attacked a convoy of Iamgold Corp IAG vehicles travelling to the Essakane gold mine in Burkina Faso on Tuesday, wounding one police officer before being repelled by the convoy's security detail, the Canadian mining company said.nL8N2Q33D4



RWANDA POLITICS

Rwanda's President Paul Kagame has removed the justice minister but made him ambassador to Britian amid international scrutiny over the trial of Paul Rusesabagina, the hotelier credited with saving many lives during the 1994 genocide.nL8N2Q31VH



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((Compiled by Nairobi Newsroom))

((Email: nairobi.newsroom@thomsonreuters.com; tel: ++254 20 499 1232))