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Africa, Forex

African Markets – Factors to watch on Nov 29

NAIROBI, Nov 29 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. – – – – – GLOBAL MARKETS U.S. stock futures led a market rebound on Monday as investors prepared to wait a few weeks to see if the Omicron coronavirus variant would really derail economic recoveries and the tightening plans of some central banks. WORLD OIL PRICES Oil prices rose on Monday, recouping some losses after Friday’s plunge of about $10 a barrel, as investors looked for bargains but remained cautious with the focus on the Omicron. 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 sank to its lowest since October 2020, government bond yields briefly hit 10% and stocks shed more than 2% after the discovery in the country of a COVID-19 variant described as the most concerning yet sent investors scrambling for safety. KENYA MARKETS The Kenyan shilling traded stable on Friday, underpinned by a slowdown in importer appetite for hard currency, traders said. U.S. AFRICA U.S. health officials on Sunday said they were preparing for the likely appearance of the new Omicron COVID-19 variant, with restrictions set to begin on Monday against travelers from eight southern African countries. BURKINA FASO INTERNET The Burkina Faso government said it was lifting a suspension on the mobile internet from Sunday evening, a week after imposing the ban for what it said was security and defence reasons. GHANA VACCINE Ghana will ramp up its COVID-19 inoculation campaign next month and make the vaccine mandatory for targeted groups including all public sector and health workers from Jan. 22, health service director general Patrick Kuma-Aboagye said on Sunday. SUDAN POLITICS Sudan’s military leader has overhauled top intelligence positions, dismissing at least eight general intelligence officers and replacing the head of military intelligence, two official sources told Reuters on Sunday. NIGERIA OIL SPILL Three weeks after the Santa Barbara wellhead failed, it is still blasting water, gas and oil across Nembe in Nigeria’s Delta, littering the shoreline and water with yellow-brown clumps of waste as cleanup crews and booms struggle to contain it. 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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