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Reuters Market watch Sept. 14

Business & Economy News

The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Thursday.
– – – – –
EVENTS:
*Uganda plans to offer a petroleum exploration license to
Armour Energy Limited

medianet.info  market watch

GLOBAL MARKETS
Asian stocks held steady on Thursday, consolidating after
touching their highest in a decade and appeared to take in
stride a burst of Chinese data which undershot market
expectations.

WORLD OIL PRICES
Oil prices eased on Thursday, but held on to most of their
gains in the previous session when the market was buoyed by
a forecast for firmer global oil demand by the International
Energy Agency.

EMERGING MARKETS
For the top emerging markets news, double click on

AFRICA STOCKS
For the latest news on African stocks, click on

SOUTH AFRICA MARKETS
South Africa’s rand slipped to its weakest in three weeks on
Wednesday as traders opted to bank small profits from the
currency’s dip below a crucial technical mark with creeping
concerns about credit downgrades souring
sentiment.

NIGERIA MARKETS
Nigeria plans to sell 917.14 billion naira worth of treasury
bills between Sept. 14 and Nov. 30, a central bank debt
calendar for the fourth quarter showed on
Wednesday.

NIGERIA BONDS
Nigeria plans to sell 140.9 billion naira ($433.5 million)
worth of treasury bills at an auction next week, the central
bank said on Wednesday.

NIGERIA OIL
Nigeria is very unlikely to join OPEC’s cuts in oil
production before March, its oil minister said on
Wednesday.

AFRICA SECURITY
Mali and Niger, two of the West African nations worst
affected by jihadist violence, appealed on Wednesday for
international funding for a regional force they have set up
to counter Islamist insurgencies.

CAMEROON-NIGERIA SECURITY
A girl with a bomb strapped to her walked into a mosque in
northern Cameroon where it exploded, killing five
worshippers in an attack bearing the hallmarks of Islamist
militant group Boko Haram, authorities said.

KENYA MARKETS
The Kenyan shilling was under pressure against the
dollar on Wednesday due to importer and corporate demand but
was seen trading in a tight range, unlikely to reverse
previous gains, traders said.

KENYA ELECTION/POLITICS
It’s much easier to snag a seat in Nairobi’s popular
Strollers bar these days – a problem that manager Stephen
Ngatia partly blames on Kenyan consumers hoarding their
money during the turbulent election period.

KENYA ELECTION/SECURITY
Kenyan police in the western city of Kisumu fired tear gas
and bullets in the air on Wednesday to disperse young men
who broke into a hotel and beat women attending an election
meeting, an officer said.

GHANA INFLATION
Ghana’s annual consumer price inflation rose to 12.3 percent
in August from 11.9 percent in July, the statistics office
said on Wednesday.

IVORY COAST COCOA
Ivory Coast is close to agreeing an increase in the minimum
price paid to cocoa farmers to 750 CFA francs ($1.40) per
kilogramme for the 2017/18 season, while holding the export
tax at 16 percent, sources familiar with the matter
said.

UGANDA MARKETS
The Ugandan shilling traded steady on Wednesday,
helped by weak demand and some inflows from offshore
investors participating in a central bank Treasury bill
auction where a total of 155 billion shillings ($43.18
million) worth of debt was on offer.

USA SOMALIA
The U.S. military said on Wednesday it had carried out air
strikes in Somalia against an al Qaeda-allied Islamist group
and killed six militants.

SOUTH SUDAN AID
The Red Cross has halted operations across a third of South
Sudan after gunmen shot dead a staff member, in what the
U.N. said on Wednesday was the biggest such suspension
during the country’s four-year civil war.

USA SOUTH SUDAN
frican countries should do more to pile pressure on South
Sudan’s political leaders, who seem incapable of resolving
the country’s four-year civil war, a top U.S. diplomat said
on Wednesday.

ZIMBABWE LAND
Zimbabwe’s Zimplats, which is majority controlled by Impala
Platinum , will return some of the land it has not
used for mining to the government, chief executive Alexander
Mhembere said on Wednesday.

USA GABON/COURT
Federal prosecutors are preparing to file criminal charges
against an American lobbyist for the Gabonese president,
saying on Wednesday he made a false statement to a U.S.
customs official stemming from a long-running
money-laundering probe.

MAURITIUS POLITICS
The attorney general of the island nation of Mauritius
stepped down on Wednesday after allegations he had helped
launder gambling money.

ANGOLA ELECTION
Angola’s Constitutional Court rejected on Wednesday an
appeal by the largest opposition party to annul the results
of last month’s election, which gave a landslide victory to
the ruling MPLA party.