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African Markets

NAIROBI, Aug 4 (Reuters) – The following company
announcements, scheduled mercantile indicators, debt and currency
market moves and domestic events might impact African markets on
Friday.
– – – – –
EVENTS:
*RWANDA – Rwandans go to a polls to elect their next
leader, with incumbent, Paul Kagame, approaching to secure a
purify brush of a votes and extend his order for another
7 years.
GLOBAL MARKETS
Asian bonds inched adult on Friday after a technology-led drop
on Wall Street, while U.S. Treasury yields and a dollar
were pressured by news Special Counsel Robert Mueller had
released grand jury subpoenas in his review of alleged
Russian division in a 2016 U.S. elections.

GLOBAL OIL
Oil markets dipped on Friday, with U.S. wanton remaining below
$50 per barrel, calm by rising outlay from a United
States as good as writer bar OPEC.

EMERGING MARKETS
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AFRICA STOCKS
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SOUTH AFRICA MARKETS
South Africa’s rand slipped to three-week lows opposite the
dollar on Thursday, erasing many of a prior session’s
gains in a discreet marketplace as a opinion on a suit of
no-confidence opposite President Jacob Zuma drew closer.

KENYA MARKETS
The Kenyan shilling was firmer on Thursday, as dollar
reserve improved, increased by a sell-off of tough banking by
blurb banks looking to cope with a liquidity squeeze.

KENYA ELECTION
Passengers jostled with sheet touts and hawkers during Kenya’s
categorical train stations on Thursday as thousands started leaving
cities before subsequent week’s vote, some since they are
purebred in farming wards, others since they are frightened of
violence.
KENYA ECONOMY
Kenya’s private zone activity engaged for a third
uninterrupted month in July, though during a slower pace, as firms
took a discreet position forward of inhabitant elections subsequent week,
a consult showed on Thursday.
NIGERIA ECONOMY
Nigeria and a International Monetary Fund remonstrate over how
most a economy will grow this year, with a government
observant 2.2 percent and a Fund opting for only 0.8 percent.

NIGERIA OIL
Nigeria’s state oil association pronounced on Thursday it had signed
financing agreements with Chevron and Shell
value during slightest $780 million to boost wanton prolongation and
reserves.
NIGERIA FOREIGN EXCHANGE
Nigerian banks have started display investors cost quotes
for a country’s currency, a naira, on screens instead of
giving them by phone, traders said.
ZAMBIA POLITICS
Police arrested a Zambian antithesis personality on Thursday and
pronounced he would be charged with shaming President Edgar Lungu,
an corruption that carries a limit five-year jail term.

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