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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KENYA – The main opposition coalition plans to hold
demonstrations calling for electoral reforms.
LIBERIA – Expecting final results for the first round of the
Asian shares advanced to a decade high on Monday, while U.S.
oil futures jumped to hover near a six-month top as
escalating tensions between the Iraqi government and Kurdish
forces threatened supply.
WORLD OIL PRICES
Oil markets jumped on Monday on concerns over potential
renewed U.S. sanctions against Iran as well as conflict in
Iraq, while an explosion at a U.S. oil rig and reduced
exploration activity supported prices there.
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AFRICA ECONOMIC GROWTH POLL
Nigeria and South Africa are expected to lift sub-Saharan
regional growth next year, a Reuters poll showed, once their
central banks cut rates to boost Africa’s largest – but
sickly – economies.
SOUTH AFRICA MARKETS
South Africa’s rand climbed to its firmest level in two
weeks on Friday, driven higher by a court ruling upholding
corruption charges against President Jacob Zuma.
Nigeria’s government plans to accelerate its revenue
strategy aimed at diversifying Africa’s biggest economy away
from its reliance on crude oil sales now that it has emerged
from recession, the finance minister said on Sunday.
The Kenyan shilling KES= held steady against the dollar on
Friday, and traders said it is likely to remain hemmed into
a tight range of 103.20-103.50 in the next few days.
The Bank of Ghana said the yield on its weekly 91-day bill
rose to 13.28 percent at an auction on Friday, from 13.22
percent at the last such sale on Oct. 6.
The weighted average yield on Mauritius’ 91-day Treasury
bill fell to 1.65 percent at auction on Friday, the central