Emerging markets outlook March 6, 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 Tuesday.
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 GLOBAL MARKETS
 Asian share regained some ground on Tuesday after U.S.
 President Donald Trump faced growing pressure from political
 allies to pull back from proposed steel and aluminium
 tariffs, easing investor worries about an imminent trade
 war.                       
 
 WORLD OIL PRICES
 Oil prices extended gains on Tuesday for a third straight
 day, underpinned by robust demand forecasts and prospects
 for informal contacts sought by OPEC with U.S. shale oil
 producers at a key industry meeting in Houston this
 week.                 
     
 
 SOUTH AFRICA MARKETS
 South African stocks ended Monday slightly higher with
 traders citing opportunistic buying following sharp declines
 in the previous week on worries about a U.S.-led global
 trade war, while the rand benefited from a weaker
 dollar.            
 
 
 NIGERIA MARKETS
 Nigerian stocks climbed to a one month high on Monday after
 the index of its top five oil shares rose 4.2 percent in
 early session.            
 
 
 NIGERIA SECURITY
 Nigerian President Muhammadu Buhari will visit the state
 where 110 schoolgirls were abducted by suspected Islamist
 militants last month, his office said, as his security
 record comes under scrutiny less than a year before
 elections.                
 
 
 NIGERIA FIDELITY BANK
 Nigeria's Fidelity Bank              expects loans to grow
 at a faster pace this year than the 7.5 percent it forecast
 for 2017, helping lift profits after treasury yields fell,
 an executive said on Monday.            
 
 
 NIGERIA TRADE
 Nigeria's trade account turned positive in 2017 as a rise in
 oil exports outweighed imports after dollar shortages
 frustrated transactions, the National Bureau of Statistics
 (NBS) said.                
 
 
 NIGERIA SECURITY/FAMINE
 Areas of northeast Nigeria rendered inaccessible by an
 Islamist insurgency may be experiencing famine, an aid
 agency report said.                
 
 
 KENYA MARKETS
 The Kenyan        was stable against the dollar on Monday
 due to low demand from oil importers and was seen trading in
 a tight range on the back of remittances and horticulture
 earnings, traders said.            
 
 
 GHANA IMF
 The International Monetary Fund is confident Ghana will
 implement outstanding measures needed for a successful
 review of its $918 million aid programme next month, the
 Fund's Ghana chief said on Monday.            
 
 
 IVORY COAST COCOA
 Abundant rainfall in most of Ivory Coast’s cocoa-growing
 regions bodes well for the development of the upcoming
 mid-crop, farmers said on Monday.            
 
 
 TANZANIA RATINGS
 Tanzania criticised Moody's decision to impose a negative
 outlook on the country's first international credit rating,
 saying the agency's concerns about the business climate were
 misleading.                
 
 
 ZAMBIA SOUTH AFRICA LISTERIA
 Zambia on Monday widened its ban on processed meat imports
 from South Africa to include dairy products, vegetable and
 fruits in the wake of a deadly listeria outbreak, Health
 Minister Chitalu Chilufya said on Monday.                
 
 
 MALAWI CHOLERA
 The death toll from cholera in the southern African nation
 of Malawi has increased from eight to 19, the Ministry of
 Health said Monday.              
 
 
 ZIMBABWE POLITICS
 A retired Zimbabwean general and acolyte of ex-president
 Robert Mugabe has formed a political party to challenge
 President Emmerson Mnangagwa at the polls later this year,
 the new grouping said on Monday.                
 
 
 UGANDA MARKETS
 The Ugandan shilling        was unchanged on Monday, drawing
 support from a lack of demand for hard currency both in the
 interbank market and from importers.              
 
 
 UGANDA POLITICS
 Uganda's President has sacked his security minister and
 police chief after authorities faced a wave of criticism for
 failing to solve a series of murders and other
 crimes.            
 
 
 SIERRA LEONE ELECTION
 Sierra Leone will vote on Wednesday for a successor to
 President Ernest Bai Koroma in an election dominated by an
 economic crisis caused by a collapse in iron ore prices and
 an Ebola epidemic.             
 
 
 NAMIBIA SOUTH AFRICA/LISTERIA
 Namibia on Monday suspended imports of processed meat from
 South Africa after a deadly listeria outbreak was linked to
 a factory that manufactures a sausage-type product known as
 "polony", the agriculture department said.            
 
 
 SOUTH SUDAN UNREST/OIL
 Activists accused South Sudan's government on Monday of
 funnelling cash from the state oil company to militias
 responsible for atrocities and attacks on
 civilians.            
 
 
 ETHIOPIA POLITICS
 Ethiopia's ruling coalition is expected to meet this week to
 choose a new prime minister, most likely from the populous
 Oromo ethnic group to try and dampen the discontent behind
 recent anti-government demonstrations.             
 
 
 ANGOLA SONANGOL/ISABEL
 Isabel dos Santos, daughter of Angola's former president,
 has denied allegations of suspicious activity during her
 tenure as head of state oil firm Sonangol made by the
 current chair of the company, describing them as
 "slanderous".             
 
 
 BURKINA FASO SECURITY
 Burkina Faso's President Mark Roch said his country would
 fight and defeat militants despite being hit by Islamist
 insurgents in the capital last week in an attack which 8
 people were killed and dozens wounded.