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Africa, Forex

African Markets – Factors to watch on Jan.14

NAIROBI, Jan 14 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – EVENTS: *Uganda holds presidential and parliamentary elections. GLOBAL MARKETS Bonds slipped, Japanese stocks jumped to a three-decade high and other Asian equities loitered near record peaks on Thursday as investors focused on U.S. stimulus prospects and extended bets on global recovery and growth. WORLD OIL PRICES Oil prices eased for a second day on Thursday as mounting coronavirus cases globally raised demand concerns, although a drawdown in U.S. crude stocks for a fifth straight week capped losses. 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 The South African rand steadied in late trade on Wednesday, after a recovery rally in the previous session, and as the dollar rebounded and U.S. yields held near recent highs. AFRICA CORONAVIRUS VACCINES The African Union has secured a provisional 270 million COVID-19 vaccine doses from manufacturers for member states to supplement the COVAX programme, South African President Cyril Ramaphosa said on Wednesday. KENYA MARKETS Kenya’s shilling weakened on Wednesday, undermined by demand from the manufacturing sector and general goods importers, traders said. UGANDA ELECTION Ugandans vote on Thursday in a presidential election pitting long-time leader Yoweri Museveni against an opposition galvanised by a popular singer despite a campaign marked by brutal crackdowns. UGANDA INTERNET Uganda’s communications regulator ordered telecoms operators in the country to suspend all internet gateways from Wednesday evening until further notice, South African telecoms company MTN Group said. ZAMBIA MINING Zambia paid 8.5 billion kwacha ($400 million) in value-added tax refunds to mining companies last year, the head of the tax authority said on Wednesday, equal to about 3.5% of the external debt that the southern African country is struggling to repay. For the latest precious metals report click on For the latest base metals report click on For the latest crude oil report click on


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