The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
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*Rwanda to release its consumer inflation data for October.
Asian shares slipped on Friday on uncertainty about U.S. tax
reforms after Senate Republicans unveiled a plan that
differed from the House of Representatives’ version in
several key areas, including a delay in the timing of a
corporate tax cut.
WORLD OIL PRICES
Oil markets were little changed on Friday, supported by
ongoing supply cuts and strong demand, although the prospect
of rising U.S. shale output capped prices around recent
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SOUTH AFRICA MARKETS
South Africa’s rand weakened on Thursday after comments by
President Jacob Zuma raised concerns about higher spending
on education, which would put added strain on the country’s
already stretched public finances.
Nigeria plans to raise 710 billion naira ($2.26 bln) via
restructuring its equity in joint venture oil assets and
increasing private sector participation, the Debt Management
Office (DMO) said on Thursday.
Ghana’s cedi is expected to weaken next week after the
government failed to meet its energy bonds sales targets,
while the Zambian kwacha is likely to firm amid an
increasing supply of hard currency.
The Kenyan shilling was stable against on Thursday
due to subdued dollar demand from sectors like energy and
manufacturing, and traders said they expected it to gain
support from tight liquidity in the money
Kenya’s main opposition leader said on Thursday that anger
over last month’s presidential election ran so deep it
threatened to tear the country apart.
Ghana scooped all $221.4 million tendered for a three-year
domestic dollar bond at a 6.25 percent yield on Thursday,
boosting the government’s plans to explore local funding
sources, arrangers said.
MOZAMBIQUE NATURAL GAS
Mozambique will approve Anadarko’s APC.N development plan
for an offshore gas field this month, an important step in
the U.S. firm’s Liquefied Natural Gas project, energy
minister Letícia Klemens said on Thursday.
Zimbabwe’s budget deficit will widen further to $1.82
billion or 11.2 percent of GDP this year from an initial
target of $400 million, new Finance Minister Ignatius Chombo
told members of parliament on Thursday.
IVORY COAST AVIATION
The African Development Bank (AfDB) has approved 98 million
euros ($114 million) in loans to help fund Ivory Coast
national airline Air Cote d’Ivoire’s purchase of five new
Airbus A320s, the bank said on