African markets factors, outlook for March 12, 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
Monday.
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 GLOBAL MARKETS
 A relief rally swept across Asian share markets on Monday after the latest U.S. jobs
 report managed to impress with its strength while also easing fears of inflation and
 faster rate hikes, a neat feat that whetted risk appetites globally.            
            
 
 WORLD OIL PRICES
 Oil markets edged up on Monday on the back of a drop in the number of U.S. rigs
 drilling for more production and as the U.S. economy continued to create jobs, which
 industry hopes will drive higher fuel demand.                 
 
 EMERGING MARKETS
 For the top emerging markets news, double click on            
 
 AFRICA STOCKS
 For the latest news on African stocks, click on     
 
 SOUTH AFRICA MARKETS
 South Africa's rand firmed on Friday after U.S. jobs data pointed to slower wage
 growth, which could temper expectations that the Federal Reserve will raise its
 forecast for how many times it hikes interest rates this year.            
 
 NIGERIA MARKETS
 Nigeria's central bank said on Friday it had injected $355.43 million into the
 interbank foreign exchange market, as part of its efforts to boost liquidity and
 alleviate dollar shortages.            
 
 NIGERIA TAXES
 Nigeria's President Muhammadu Buhari has approved an increase in excise duties on
 tobacco and alcoholic beverages, the finance ministry said in a statement on
 Sunday.            
 
 NIGERIA Foreign exchange RESERVES
 Nigeria's foreign exchange reserves rose to $46 billion as at the close of business on
 March 9, the central bank said in a statement on Sunday.                  
 
 KENYA MARKETS
 The Kenyan shilling        edged up against the dollar on Friday, helped by low demand
 and conversions from horticulture earnings, traders said.            
 
 KENYA POLITICS
 Kenya's President Uhuru Kenyatta and opposition leader Raila Odinga promised on Friday
 to unite the country after elections last year in which around 100 people were killed
 mainly in clashes between opposition supporters and security forces.                  
 
 GHANA MARKETS
 The Bank of Ghana said the yield on its weekly 91-day bill dipped to 13.34 percent at
 an auction on Friday, from 13.37 percent at the last sale on March 2.            
 
 IVORY COAST COCOA
 Ivory Coast's Coffee and Cocoa Council (CCC) will suspend programmes for the 2018-19
 season that boost cocoa output, it said on Friday, aiming to reduce production in the
 face of global oversupply.            
 
 SIERRA LEONE POLITICS
 Sierra Leone's presidential election results were too close to call after three
 quarters of the votes had been counted on Sunday, with the two frontrunners
 neck-and-neck, making a second round highly likely.            
 
 BOTSWANA MINING
 Botswana has paid Norilsk Nickel           $45 million to settle a dispute after its
 state-run mining company pulled out of buying a stake in a South African mine from the
 Russian firm, the minerals minister said on Friday.            
 
 DEMOCRATIC REPUBLIC OF CONGO MINING
 Democratic Republic of Congo President Joseph Kabila signed into law on Friday a new
 mining code that raises royalties and taxes on operators, the presidency said in a
 statement.