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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UGANDA - The central bank sets its benchmark lending rate at
about 0800 GMT. The bank held the rate at 9.5 percent in
Asian share markets found a semblance of calm on Monday as
S&P futures extended their bounce, though global investors
were still fretting about the risks from looming U.S.
inflation data after last week's sharp sell-off.
WORLD OIL PRICES
Oil prices rose by 1 percent on Monday, recovering at least
some of last week's steep losses as Asian stock markets
found their footing after days of chaotic trading.
SOUTH AFRICA MARKETS
South Africa's rand firmed on Friday, recouping losses from
the previous session as investors continued to bet on the
ruling African National Congress (ANC) unseating
scandal-plagued President Jacob Zuma in the next few days.
Nigerian stocks fell for a fifth straight day on Friday to a
three-week low, down 1.1 percent early in the session,
Nigeria's central bank said on Friday it had injected
$325.64 million into the interbank foreign exchange market
as part of efforts to boost liquidity and reduce dollar
The Kenyan shilling KES= was stable against the dollar on
Friday supported by inflows from portfolio investors
participating in the stock market and secondary market for
government bonds, traders said.
Fitch Ratings has revised the Outlook on Kenya's Long-Term
Foreign- and Local-Currency Issuer Default Rating (IDR) to
Stable from Negative and affirmed the IDRs at 'B+'.
The Bank of Ghana said the yield on its weekly 91-day bill
rose to 13.36 percent at an auction on Friday from 13.32
percent at the last such sale, on Feb. 2.
Ghanaian officials will meet investors in Asia next week to
explore new markets for a $1 billion Eurobond sale this
year, government sources said on Friday.
ANGOLA GAS LAW
Legislation covering the rights of companies to explore and
produce natural gas in Angola, Africa's second largest crude
producer, is "in its final stages," Secretary of State for
Oil Paulino Jeronimo said on Friday.