The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Monday.
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U.S. gasoline futures hit a two-year high on Monday after
Hurricane Harvey pummeled the heart of America’s energy
industry, while the euro hit a 2-1/2-year peak after the
European Central Bank President refrained from talking down
the single currency.
WORLD OIL PRICES
Oil markets were roiled on Monday after Hurricane Harvey
wreaked havoc along the U.S. Gulf coast over the weekend,
knocking out numerous refineries and some crude
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SOUTH AFRICA MARKETS
South Africa’s rand firmed on Friday as the dollar fell
after Federal Reserve Chair Janet Yellen made no reference
to U.S. monetary policy in her speech at a central bankers’
Nigeria’s overnight lending rate dropped to 12 percent on
Friday after spiking to almost 100 percent on Wednesday due
to a liquidity squeeze as lenders paid for hard currency and
treasury bills purchased from the central bank, traders
Suspected Boko Haram militants sprayed a village in remote
Cameroon with automatic fire, killing 15 people and
kidnapping eight others in an overnight raid near the
Nigerian border, several officials said on
The Kenyan shilling was stable against the dollar on
Friday as the market awaited a Supreme Court ruling on an
opposition petition against the re-election of President
Uhuru Kenyatta, traders said.
The Bank of Ghana said the yield on its weekly 91-day bill
rose to 13.19 percent at an auction on Friday, from 12.63
percent at the last such sale on Aug. 18.
The Ugandan shilling was unchanged on Friday, drawing
support from hard currency flows from exporters of coffee
and other agricultural commodities.
A top Ugandan musician-turned-legislator says he wants to
use his star power to spark “political change” in a country
where President Yoweri Museveni has ruled for 31 years and
parliament plans to introduce a bill to allow him to run
A United States citizen working in South Sudan as a
freelance journalist was among 19 people killed on Saturday
during fighting between government troops and rebels in Yei
River state, the rebels and the military said.
The leader of Angola’s main opposition party called on the
country’s electoral commission on Saturday to explain how it
compiled provisional election results giving the ruling MPLA
party a landslide victory.
A senior commander in al Shabaab, Somalia’s al
Qaeda-affiliated Islamist rebels, was killed last month in a
U.S. airstrike, the group said on Saturday in an online
Somali families are refusing to bury the bodies of 10 loved
ones, including three children, until the government takes
responsibility for killing them in a U.S.-backed military
raid, officials said on Sunday.
Zambian President Edgar Lungu has told Glencore GLEN.L’s
Mopani Copper Mines (MCM) unit to accept higher electricity
prices caused by the removal of state energy subsidies, his
spokesman said on Saturday.
Botswana has taken a significant step towards establishing
its first home-grown commercial bank, a development that
will add a new player in an industry that the International
Monetary Fund (IMF) says is already crowded.
Zimbabwe’s first lady, Grace Mugabe, on Friday made her
first public appearance since leaving South Africa where she
was charged with assault.