African Markets - Factors to watch on Feb.18

  • Reuters
  • Stock Market News
African Markets - Factors to watch on Feb.18
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 Chinese shares rose on Thursday during the first trading session after the week-long Lunar New Year holiday amid renewed optimism for an acceleration in global growth, but other Asian markets were hit by profit-taking. MKTS/GLOB

WORLD OIL PRICES Oil prices rose as much as a dollar on Thursday, extending this week's gains and hitting 13-month highs, as a cold snap sweeping Texas and surrounding regions shut at least a fifth of U.S. refining output and a million barrels of crude production. O/R

EMERGING MARKETS For the top emerging markets news, double click on STOCKS For the latest news on African stocks, click on .J

SOUTH AFRICA MARKETS South Africa's rand weakened on Wednesday, extending losses for a second day, as global risk demand diminished and some investors took profits on the local currency's recent rally. MARKETS Unidentified gunmen killed a student in an overnight attack on a boarding school in the north-central Nigerian state of Niger on Wednesday and kidnapped 42 people including 27 students, the state governor said. MARKETS The Kenyan shilling KES= weakened on Wednesday on the back of a surge in appetite for dollars from cooperates across different sectors including energy, traders said. POLITICS Ugandan military and police officers beat and seriously injured journalists on Wednesday as they covered the delivery of a petition about human rights violations to a United Nations office, a rights group said. POLITICS Paul Rusesabagina, the hotelier depicted as a hero in a Hollywood film about Rwanda's 1994 genocide, was charged with terrorism-related offences in a Kigali court on Wednesday at the start of a trial that has drawn international scrutiny. ETHIOPIA Sudan has summoned its ambassador to Ethiopia for consultations over the latest developments in the ties between both countries, a spokesman for the Sudanese foreign ministry told Reuters on Wednesday. RATES Zambia's central bank raised lending rates by 50 basis points to 8.5% on Wednesday, saying it was ready to tighten further to tame rising consumer inflation driven by "cost-push" pressures and a sharp deprecation in the currency. CORONAVIRUS Namibia will push ahead with the roll-out of the AstraZeneca AZN.L vaccine despite neighbouring South Africa halting distribution after concerns over its effectiveness against a new variant, the government said on Wednesday. RATES Namibia's central bank left its benchmark lending rate unchanged at 3.75% on Wednesday, saying the current level was appropriate to support economic activity while safeguarding the one-to-one link between the Namibia dollar and the South African rand . CORONAVIRUS

A senior Tanzanian politician died of COVID-19 on Wednesday, his party said, adding to concern about a hidden epidemic running rampant in a country that insists it has no local transmission of the disease. TANZANIA The National Bank of Malawi (NBM), the country's largest by market capitalization and assets, has acquired a 51% stake in Tanzania's Akiba Commercial Bank plc (ACB) in a deal worth $7.31 million, the Malawian lender bank said on Wednesday. CORONAVIRUS Senegal received its first delivery on Wednesday of COVID-19 vaccines, which it purchased from China's Sinopharm. MONOLITH The latest in a series of mystery monoliths to capture the imagination of science-fiction fans around the world met a fiery end in the Democratic Republic of Congo on Wednesday when it was torched at a roundabout in the capital. CYCLONE A tropical storm likely to intensify into a cyclone is approaching Mozambique, South Africa's Weather Services (SAWS) said on Wednesday, battering an area hit by cyclone Eloise less than a month back. the latest precious metals report click on GOL/

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