NAIROBI, April 7 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Tuesday.
- - - - -
EVENTS:
*Seychelles statistics office due to release its consumer
inflation data for March.
GLOBAL MARKETS
Asian stock markets rallied for a second day on Tuesday, and
riskier currencies rose, buoyed by tentative signs the
coronavirus crisis may be levelling off in New York and
receding in Europe. MKTS/GLOB
WORLD OIL PRICES
Oil rose on Tuesday amid hopes that the world's biggest
producers of crude will agree to curtail production as the
coronavirus pandemic ravages the global economy, even as
analysts cautioned the cuts may do little to boost
demand. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand powered to its firmest in almost a week
on Monday, climbing down from an all-time low as some
investors banked profits while risk sentiment was cheered by
signs the spread of the novel coronavirus was
easing. MARKETS
The Kenyan shilling KES= was under pressure on Monday due
to dollar demand from commercial banks and importers beefing
up their hard currency positions amid economic uncertainty
caused by the coronavirus outbreak, traders
said. CORONAVIRUS RESTRICTIONS
President Uhuru Kenyatta barred movement into and out of
Kenya's four regions most affected by the new coronavirus on
Monday, including the capital Nairobi. TELECOMS
Kenya's leading telecom firm Safaricom SCOM.NR and South
Africa's Vodacom VODJ.J said on Monday that they had
completed the acquisition of popular mobile money platform
M-Pesa from Britain's Vodafone VOD.L . CENTRAL BANK RATE
Uganda's central bank cut its policy rate by 100 basis
points on Monday to 8% to support the economy which has been
hit by the impact of the coronavirus outbreak. IVORY COAST COCOA
Cocoa arrivals at ports in top grower Ivory Coast reached
1.677 million tonnes between Oct. 1 and April 5, exporters
estimated on Monday, down 2.8% from 1.725 mln tonnes over
the same period last season. CORONAVIRUS RESTRICTIONS
Zimbabwe will allow citizens to access remittances from the
diaspora and permit farmers to take their produce to the
market, easing a three-week coronavirus lockdown that
analysts fear could push the struggling economy to the brink
of collapse. the latest precious metals report click on GOL/
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