African Markets - Factors to watch on April 8

  • Reuters
  • Stock Market News
African Markets - Factors to watch on April 8
Credit: © Reuters.

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.

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GLOBAL MARKETS Asian share markets lagged on Thursday as U.S. stock futures nudged to another record high after the Federal Reserve underlined its commitment to keeping policy super loose even as the economy enjoys a rapid recovery. MKTS/GLOB


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SOUTH AFRICA MARKETS South Africa's rand edged lower on Wednesday in cautious trade as investors awaited local and international signals with little to drive a move in either direction. OIL Nigeria's oil and gas regulator has revoked four licences held by Addax Petroleum, it said in a statement on Wednesday, a highly unusual move for licences with producing assets. EUROBONDS Nigeria is working on issuing eurobonds and plans to pick advisers through an open bid process, the head of the debt office told Reuters on Wednesday. CORONAVIRUS Nigeria has directed its 36 states and federal capital territory to stop giving first doses of AstraZeneca AZN.L COVID-19 vaccines once they use half their current stock in order to safeguard supply for the second dose, its health minister said. MARKETS Kenya's shilling KES= strengthened further on Wednesday helped by subdued importer demand, remittances and commercial banks offloaded long dollar positions, traders said. PRESS Tanzania revised a decision to lift a ban on all media in the country, clarifying that only online television would benefit from the measure, a government spokesman said in a tweet on Wednesday. MARKETS The Ugandan shilling UGX= trader stronger on Wednesday on the back of flat importer appetite for hard currency and inflows from exporters of commodities like coffee, tea and others. INSURGENCY Mozambique has told the international community what support it needs to deal with an Islamic State-linked insurgency, but for reasons of sovereignty it will tackle some aspects of the problem unassisted, its president said on Wednesday. FRANCE France will open the Rwanda archives of former French president Francois Mitterrand, as part of an effort to better understand the nation's role in the African country during its 1990s genocide, President Emmanuel Macron's office said on Wednesday. ENI Italian energy group Eni ENI.MI plans to spend around $7 billion in Angola over the next four years along with its partners in a country it sees as key to its future growth strategy. COAST POLITICS Former Ivory Coast President Laurent Gbagbo and one of his close allies have permission to return home following their acquittal on charges of crimes against humanity at the International Criminal Court, President Alassane Ouattara said on Wednesday. TOBACCO Zimbabwe expects sales of tobacco, its biggest agricultural export, to increase by 8.7% this year after the southern African country received its highest rainfall in three years, the industry regulator said on Wednesday. the latest precious metals report click on GOL/

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