The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Thursday.
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Asian stocks gained on Thursday after Wall Street brushed
aside strong U.S. inflation data and surged, in a move that
also saw the dollar pinned at two-week lows even as Treasury
yields jumped in anticipation of more rapid U.S. interest
WORLD OIL PRICES
Oil prices on Thursday extended gains from the previous
session, pushed up by a weak dollar and by comments from
Saudi Arabia that it would rather see an undersupplied
market than end a deal with OPEC and Russia to withhold
SOUTH AFRICA MARKETS
South Africa's rand jumped more than 1 percent to its
firmest since June 2015 and bonds hit a one-week best on
Wednesday after the ruling African National Congress (ANC)
said it would proceed with a vote to remove President Jacob
Zuma from office.
Nigeria has raised 176 billion naira ($576 million) worth of
treasury bills at an auction on Wednesday, traders said.
Annual inflation in Nigeria slowed for the 12th month in a
row in January to 15.13 percent, compared with 15.37 percent
in December, the National Bureau of Statistics (NBS) said on
The Kenyan shilling KES= fell against the dollar on
Wednesday amid ample liquidity in the money markets which
sent overnight rates on the interbank market further down,
KENYA GROWTH FORECAST
Kenya's economy is likely to grow 5.8 percent this year,
recovering from drought and political uncertainty that
pushed growth down to an estimated 4.8 percent in 2017, the
finance ministry said.
Ghana's annual consumer price inflation eased to 10.3
percent in January from 11.8 percent the previous month, the
statistics office said on Wednesday.
ZIMBABWE OPPOSITION LEADER
Zimbabwe opposition leader Morgan Tsvangirai died on
Wednesday after a long battle with cancer, casting his
Movement for Democratic Change (MDC) party into the unknown
less than three months after the army ousted long-time ruler
Angolan lawmakers on Wednesday approved a 9.6 trillion
kwanza ($45.69 billion) state budget for this year
forecasting 4.9 percent economic growth, well beyond the 1.6
percent expected by the International Monetary Fund.