The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Tuesday.
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Asian stocks were mostly sluggish on Tuesday after weakness
on Wall Street, while the dollar sagged following news that
investigators probing Russian interference in the 2016 U.S.
election had charged President Donald Trump’s former
WORLD OIL PRICES
Oil prices were stable early on Tuesday, supported by a
tightening market due to ongoing OPEC-led efforts to cut
supplies, although the prospect of rising U.S. shale output
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SOUTH AFRICA MARKETS
South Africa’s rand clawed back ground against the dollar on
Monday, benefiting from a pause in the greenback’s rally and
a technical retracement of the previous week’s plunge to
11-month lows as the shock of last week’s bleak budget wore
A court on Monday ordered Nigeria to pay 88 billion naira
($288 million) in damages to victims of the 1967 civil war
for failure to fully de-mine and clear the land of other
weaponry after the end of hostilities.
Russia’s state-owned Rosatom and Nigeria have signed
agreements for the construction and operation of a nuclear
power plant and research centre in Africa’s biggest economy,
Rosatom said on Monday.
President Muhammadu Buhari on Monday sacked Nigeria’s most
senior civil servant after an investigation into graft
allegations, the highest profile casualty of the
anti-corruption pledge that helped bring him to
The Kenyan shilling strengthened against the dollar
on Monday due to commercial banks buying shillings to meet
central bank’s capital ratio requirements as markets await
poll results from a repeat election held last week, traders
Kenya’s incumbent President Uhuru Kenyatta won 98 percent of
the vote in a repeated election in which an opposition
boycott helped lower turnout to 39 percent, the electoral
commission said on Monday.
IVORY COAST COCOA
The number of people fleeing illegal Ivorian cocoa
plantations has more than doubled in the last three weeks to
nearly 7,000 amid ethnic disputes, the Red Cross said on
Monday, potentially denting the harvest in the world’s top
The Ugandan shilling was stable on Monday, supported
by slowing demand for dollars from players in the interbank
Uganda’s coffee exports in September rose 63.6 percent from
a year earlier boosted by yields from maturing new trees,
state-run regulator Ugandan Coffee Development Authority
(UCDA) said on Monday.
A military court in Cameroon sentenced an opposition leader
on Monday to 25 years in prison, his lawyer and Amnesty
International said and denounced the trial as politically
Suspected Boko Haram militants killed at least 10 villagers
in northern Cameroon on Sunday night in what army and local
officials said was revenge for attacks by Cameroon’s
A senior Tanzanian politician quit the ruling party on
Monday complaining of human rights abuses and a weakening of
democracy in the east African nation, in a move political
analysts said could trigger a wave of defections to
President Joseph Kabila has agreed to help aid reach a
region of the Democratic Republic of Congo where ethnic
conflict has spawned a humanitarian emergency, the head of
the U.N.’s World Food Programme said on Monday.
At least one police officer was killed on Monday in eastern
Democratic Republic of Congo in clashes between security
forces and protesters demanding the departure of President
Joseph Kabila this year, local sources said.
In a mountainous camp for displaced Congolese, U.S.
Ambassador to the United Nations Nikki Haley wrapped her arm
around an inconsolable woman who recounted being raped
Malawi President Peter Mutharika lifted a two-year ban on
maize exports on Monday, after a bumper 2016/17 harvest
helped farmers bounce back from a severe
An Ethiopian opposition leader was due to be released on
bail almost two years after he was detained during mass
protests over land rights, a member of his party said on
A man faced war crimes charges at a Dutch court on Monday
accused of the incarceration, torture and murder of
opponents of former Ethiopian leader Mengistu Haile Mariam
in the 1970s.
BURKINA FRANCE JUSTICE
An appeals court in Paris on Monday released the younger
brother of former Burkina Faso president Blaise Compaore, a
day after he was taken into custody in connection with the
murder of a journalist, his lawyer said.
Angola’s net foreign exchange reserves fell to $15.087
billion in September from a revised $15.555 billion in
August, data posted on the central bank’s website showed on
Somali authorities imposed a daytime ban on Monday on the
movement of large trucks and road tankers inside the capital
Mogadishu in an attempt to improve security following a wave
of devastating attacks by militants.
Zimbabwe’s economic growth is projected to slow to 3.5
percent in 2018 from an estimated 3.7 percent this year,
central bank governor John Mangudya said on