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African Markets - Factors to watch on June 21 - REUTERS
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A renewed slump in oil prices to seven-month lows put Asian investors on edge on Wednesday, overshadowing a decision by U.S. index provider MSCI to add mainland Chinese stocks to one of its popular benchmarks.
WORLD OIL PRICES
Oil prices dipped on Wednesday, trading around multi-month lows as investors discounted evidence of strong compliance by OPEC and non-OPEC oil producers with a deal to cut global output.
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SOUTH AFRICA MARKETS
South Africa's rand extended its losses against the dollar on Tuesday as jittery investors sold the currency after a recommendation by the anti-graft watchdog to remove the central bank's mandate of maintaining currency and price stability.
NIGERIA-GLOBAL CYBER FRAUD
A Nigerian man on Tuesday pleaded guilty to taking part in email scams attempting to defraud thousands of victims around the world out of millions of dollars, U.S. prosecutors said.
Suspected Boko Haram militants killed two people and wounded six others in an ambush on a police convoy in northeast Nigeria's Borno state on Tuesday, a police spokesman said.
Shell is considering whether to invest in a gas project in Nigeria's southern Niger Delta energy hub, the managing director of the local unit said on Tuesday.
The Kenyan shilling was seen weakening on Tuesday due to increased dollar demand from oil companies and manufacturers and lack of inflows from the agriculture sector and charities, traders said.
Kenya's capital markets regulator said on Tuesday that it had not received any notification about a proposed acquisition by KCB Group KCB.NR of a stake in National Bank of Kenya NBK.NR.
The Ugandan shilling was unchanged against the dollar on Tuesday with some inflows from exporters of commodities like coffee and subdued demand from commercial banks seen giving it support.
CENTRAL AFRICAN REPUBLIC FIGHTING
Around 50 people were killed on Tuesday in the Central African Republic town of Bria when fighting erupted between rival armed factions despite the signing a day earlier of a peace deal aimed at ending years of bloodshed, the town's mayor said.
Zambia approved a new law allowing more mobile phone voice service providers in Africa's second-largest copper producer to boost competition, its communications minister said on Tuesday.
Ethiopian Airlines has placed an order for 10 Airbus A350-900 aeroplanes, it said on Tuesday, in addition to at least another 10 it already has on order.
At least 10 people were killed on Tuesday in a car bomb attack on a government building in the Somali capital of Mogadishu that was claimed by Islamist insurgents, a government official said.
The government-backed Bana Mura militia in Congo has committed horrific crimes in ethnically-motivated attacks in the past few months, including cutting off toddlers' limbs and slicing open pregnant women, the U.N. human rights chief said on Tuesday.
A change of tone in Angola's relationship with longtime ally Congo has left Congolese President Joseph Kabila more isolated than ever as he clings to power in his vast central African country.
The U.S. Trade Representative said on Tuesday it was reviewing trade benefits to Rwanda, Tanzania and Uganda under the African Growth and Opportunity Act (AGOA) after a complaint by U.S. interests about an East African ban on imports of used clothing.