African Markets - Factors to watch on Sept 19 - Reuters

September 19, 2016
NAIROBI, Sept 19 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.

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EVENTS:
* NIGERIA - Central Bank of Nigeria monetary policy meeting until Sept. 20

GLOBAL MARKETS
Asian shares advanced on Monday ahead of central bank meetings in the United States and Japan this week, while oil prices bounced on talk of an OPEC deal on output and reports of fighting around Libyan oil ports.

WORLD OIL
Oil prices rose almost 2 percent on Monday, after Venezuela said OPEC and non-OPEC producers were close to reaching an output stabilizing deal and as clashes in Libya raised concerns that efforts to restart crude exports could be disrupted.

EMERGING MARKETS
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AFRICA STOCKS
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SOUTH AFRICA MARKETS
South Africa's rand weakened on Friday as the dollar firmed after data showing faster-than-expected growth in U.S. consumer inflation supported the case for the Federal Reserve to raise interest rates later this year.

SOUTH AFRICA CORRUPTION
South Africa's anti-corruption watchdog has interviewed Finance Minister Pravin Gordhan and his deputy Mcebisi Jonas as part of an investigation into whether President Jacob Zuma was influenced by the wealthy Gupta family in making government appointments, the Sunday Times newspaper reported.

CONGO POLLS
Democratic Republic of Congo's elections commission on Saturday petitioned the Constitutional Court for a postponement of presidential elections, formally confirming a poll delay that has created a dangerous political impasse.

MALI VIOLENCE
Around 10 people have been killed in northern Mali in fighting between a pro-government militia and a rebel coalition dominated by ethnic Tuaregs, the deputy secretary general for the pro-government Gatia militia said on Sunday.

NIGERIA OIL
Nigerian police have freed 14 kidnapped oil workers in the restive southern Niger Delta region, which has been hit by a series of militant attacks on oil and gas facilities, police said on Sunday.

NIGERIA BONDS
Nigeria expects to raise $1 billion from Eurobonds by mid-December, a senior debt official said on Friday as the government planned to inject another $1.1 billion into Africa's biggest economy, which has been hit by recession.

NIGERIA SECURITY
Soldiers from Niger and Chad have killed 38 Boko Haram fighters during operations that followed attacks by the Nigerian Islamist group on two border towns in southeastern Niger earlier this week, Niger's army said on Saturday.

CENTRAL AFRICAN REPUBLIC VIOLENCE
Rebels have killed 26 villagers in Central African Republic, a spokesman for the presidency said on Saturday, the worst bloodshed in recent months in a country trying to draw a line under years of religious violence and political turmoil.

KENYA MARKETS
The Kenyan shilling KES= was unchanged on Friday, drawing support from thin appetite for dollars among firms in the import business.

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Steven Rich
Sep 17, 2018:
Well done
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