African markets outlook Feb 16, 2018

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The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Friday.
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 GLOBAL MARKETS
 Asian shares rose for a fifth straight day on Friday as
 investor confidence slowly returns after a sharp sell-off
 earlier in the month, but the dollar continued its descent,
 hitting a three-year low against a basket of major
 currencies.
            
 
 WORLD OIL PRICES
 Oil prices edged higher on Friday as the dollar stood near a
 three-year low in subdued Asian trade, with many markets
 closed for the Lunar New Year holiday.
        
 
 AFRICA CURRENCIES
 Zambia's kwacha currency ZMW= is expected to gain and the
 Ugandan shilling UGX= to come under pressure.
             
 
 SOUTH AFRICA MARKETS
 South African stocks index rose as much as 5 percent on
 Thursday, putting the main index on track for its biggest
 one-day gain in more than three years, on hopes the
 resignation of Jacob Zuma as president paves the way for new
 leaders to quicken the pace of economic growth.
             
 
 KENYA MARKETS
 The Kenyan shilling KES= was under pressure against the
 dollar on Thursday, with low overnight borrowing rates in
 the money markets triggering increased demand for dollars
 among banks to meet liquidity thresholds, traders said.
             
 
 KENYA EUROBOND
 Kenya has questioned a decision by credit ratings agency
 Moody's to downgrade the East African country's debt at a
 time when senior officials are travelling abroad to market
 new dollar bonds.
                 
 
 ETHIOPIA PRIME MINISTER
 Ethiopia's Prime Minister Hailemariam Desalegn suddenly
 resigned on Thursday in what he described as a bid to smooth
 reforms, following years of violent unrest that threatened
 the ruling party's hold on Africa's second most populous
 nation.
             
 
 ZIMBABWE INFLATION
 Zimbabwe's consumer price inflation quickened to 3.52
 percent year-on-year in January from 3.46 percent in
 December, data from the national statistics agency showed on
 Thursday.