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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 Friday. – – – – – GLOBAL MARKETS Asian shares took a beating on Friday after a fresh salvo of hawkish remarks from Federal Reserve officials solidified expectations that U.S. interest rates could rise as soon as March, leaving markets braced for tighter monetary conditions. WORLD OIL PRICES Oil prices eased for a second session on Friday on growing concerns that Washington may soon act to cool prices, while movement controls in China to rein in a COVID-19 outbreak weighed on 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 The South African rand slipped back on Thursday after two days of strong gains on a retreating dollar. KENYA MARKETS The Kenyan shilling traded stable on Thursday but was inclined on the weaker side amid strong demand for hard currency from energy importers, traders said. RWANDA GROWTH Rwanda expects its economy to have grown 10.2% in 2021 after contracting 3.4% a year earlier, helped by improved performance in agriculture, recovery in industry and construction, the finance minister said. GHANA DEBT Fast-rising debt levels and choking interest payments are putting Ghana at growing risk of a debt crisis, economists are warning. 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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