African markets factors Feb. 5, 2018

0
4
EVENTS:
 *Kenya Tea Directorate releases tea production, earnings
 statistics for 2017
 
 
 GLOBAL MARKETS
 Asian shares fell the most in over a year on Monday as fears
 of resurgent inflation battered bonds, toppled Wall Street
 from record highs and sparked speculation that central banks
 globally might be forced to tighten policy more
 aggressively.                       
 
 WORLD OIL PRICES
 Oil prices on Monday extended declines from the end of last
 week amid a wider market sell off and a stronger dollar,
 with Brent crude falling to its lowest in nearly a
 month.                 
     
 SOUTH AFRICA MARKETS
 South Africa's main stock index ended lower on Friday,
 wrapping up its worst week in two years as an extended bull
 run loses steam, while the rand dropped two percent after
 strong U.S. jobs data lifted the dollar.            
 
 
 KENYA MARKETS
 The Kenyan shilling        held steady against the dollar on
 Friday supported by horticulture export earnings, traders
 said.            
 
 
 KENYA POLITICS
 Kenyan police on Saturday briefly detained a third
 opposition legislator who attended a symbolic "swearing-in"
 of opposition leader Raila Odinga that was a direct
 challenge to President Uhuru Kenyatta, who won re-election
 in October.                
 
 
 USA SOUTH SUDAN/ARMS
 The United States on Friday banned the export of weapons and
 defense services to South Sudan, stepping up pressure
 against President Salva Kiir to end the country's four-year
 civil war.             
 
 
 UGANDA MARKETS
 The Ugandan shilling        weakened on Friday amidst a
 surge in appetite for hard currency by commercial
 banks.            
 
 
 CAMEROON SEPARATISTS/FRANCE
 France condemned on Friday attacks by suspected
 English-speaking separatists in Cameroon that killed three
 gendarmes on Thursday, but urged the Cameroonian government
 to engage in dialogue to stop an escalation in
 violence.                
 
 
 TANZANIA GDP
 Faster growth in mining, natural gas and construction
 activities propelled Tanzania's economy higher in the third
 quarter of 2017, the statistics agency said on
 Friday.            
 
 
 WEST AFRICA SHIP
 A ship carrying 22 Indian crew and 13,500 tons of gasoline
 is missing in the Gulf of Guinea after contact was lost in
 Benin on Friday, the company and India's minister of
 external affairs said on Sunday.            
 
 
 CONGO REPUBLIC UTILITIES
 Debt-crippled Congo Republic's government approved a plan on
 Friday to dissolve its loss-making power and water utilities
 and replace them with three public limited
 companies.            
 
 
 ZIMBABWE BRITAIN
 Zimbabwe should press on with transparent and fair land
 reform, Britain said on Friday, as Harare's new leaders look
 to overhaul policies that evicted thousands of white farmers
 without compensation.                
 
 
 GHANA BONDS
 The Bank of Ghana said the yield on its weekly 91-day bill
 eased to 13.32 percent at an auction on Friday from 13.35
 percent at the last such sale, on Jan 26.                
 
 
 MAURITIUS TREASURIES
 The weighted average yield on Mauritius' 91-day Treasury
 bill was unchanged at 2.44 percent at auction on Friday from
 the last sale on January 26, the central bank
 said.                

Reuters