MTN:  8,238   +233 (+2.91%)  25/09/2018 00:00

African Markets - Factors to watch on Sept 6

NAIROBI, Sept 6 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Thursday.
- - - - -
GLOBAL MARKETS.
Asian shares fell for a sixth straight session on Thursday
as oil skidded and safe-haven gold gained, with investor
confidence shaken by turmoil in emerging markets and jitters
over a potentially severe escalation in the U.S.-China trade
war.
WORLD OIL PRICES
Oil prices fell on Thursday as emerging market woes weighed
on sentiment, while a deadline neared for a potential new
round of U.S. tariffs on another $200 billion of Chinese
goods.
EMERGING MARKETS
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AFRICA STOCKS
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SOUTH AFRICA MARKETS
South Africa's rand remained on the back foot on Wednesday
after hitting a two-year low as the effects of dipping into
recession dented investor risk sentiment.
KENYA MARKETS
The Kenyan shilling was little-changed against the
dollar on Wednesday with hard currency inflows from
horticulture exports and remittances meeting thin importer
demand, traders said.
KENYA ENERGY
A high voltage power line to carry electricity from a 310
megawatt (MW) wind power plant to central Kenya from the
north is complete and supply to the national grid will
stabilise by December, the energy minister said, replacing
diesel generation.
EQUATORIAL GUINEA
Equatorial Guinea will launch a new oil and gas exploration
bidding round early next year and may refuse extensions of
existing licences to oil companies unless they collectively
invest a minimum of $2 billion in the country, the oil
minister said on Thursday.
ETHIOPIA TRADE
An Ethiopian ship docked in an Eritrean port for the first
time in two decades on Wednesday and Eritrea announced plans
to upgrade a road to its neighbour, local media said, in
further signs of strengthening ties between the former foes.

GHANA EQUITIES
The price of shares in MTN's Ghana unit rose 4
percent to 0.78 cedis on its stock market debut on the Ghana
bourse on Wednesday, traders and exchange managers said.

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(Compiled by Nairobi Newsroom
Email: nairobi.newsroom@thomsonreuters.com; tel: ++254 20 499
1232)



2018-09-06 06:34:21

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