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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UGANDA - The central bank sets its benchmark lending rate at
about 0800 GMT. The bank held the rate at 9.5 percent in
Asian stocks pulled further away from two-month lows on
Tuesday, lifted by Wall Street's extended rebound from last
week's steep fall, but investors remained cautious ahead of
U.S. inflation data later in the week.
WORLD OIL PRICES
Oil prices rose on Tuesday, lifted by a rebound in global
stock markets that followed sharp falls last week.
SOUTH AFRICA MARKETS
South Africa's rand slipped against the dollar in early
Asian trade on Tuesday on reports the African National
Congress party executive committee had decided to "recall"
or remove President Jacob Zuma as head of state.
Nigerian stocks shed 1.5 percent on Monday in late trades to
drop to one month low as investors sold off shares from the
relatively liquid banking sector.
Nigeria's central bank said on Monday it had injected $210
million into the interbank foreign exchange market, part of
an effort to improve liquidity and alleviate the dollar
shortages of the past few years.
The Kenyan shilling KES= edged up against the dollar on
Monday, remaining close to its highest level in more than 19
months, mainly due to portfolio flows and reduced political
KENYA DOLLAR BOND
Fitch Ratings has assigned Kenya's upcoming senior unsecured
USD-denominated notes an expected rating of 'B+(EXP)'.
ZAMBIA FUEL PRICES
Zambian fuel prices will increase from midnight on Monday
due to rising international oil prices and the depreciation
of the kwacha, the energy regulator said.
ANGOLA FOREIGN EXCHANGE
Angola's central bank said on Monday it was the sole
responsibility of commercial banks to sell foreign currency
to the public and that it would sell Foreign exchange only to large
importers of essential goods.