NAIROBI, Aug 26 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Monday.
- - - - -
EVENTS
*Kenya is set to export its first shipment of crude oil from
the port city of Mombasa.
GLOBAL MARKETS
Asian shares sank on Monday as the latest salvo in the
Sino-U.S. trade war shook confidence in the world economy
and sent investors steaming to the safe harbours of
sovereign bonds and gold, while slugging emerging market
currencies.
MKTS/GLOB
WORLD OIL PRICES
Oil prices fell on Monday, pushing U.S. crude to its lowest
in more than two weeks, as an intensifying U.S.-China trade
war knocked confidence in the global economy.
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand firmed to a two-week high on Friday as
the dollar slipped after U.S. Federal Reserve Chair Jerome
Powell set the stage for further interest rate cuts.
KENYA MARKETS
The Kenyan shilling KES= was stable against the dollar on
Friday with inflows from diaspora remittances and portfolio
investors buying government debt offering support against
dollar demand from merchandise importers, traders said.
NIGERIA OIL
Nigerian stocks extended their rally on Friday to a
three-week high following President Muhammed Buhari's
inauguration of cabinet ministers, boosting hopes for
reforms that could lift growth for Africa's biggest economy,
traders said.
TANZANIA BANKING
Tanzania's central bank has given banks and financial
institutions three months to establish data centres in the
East African nation, saying it will impose hefty fines on
lenders that fail to comply.
ETHIOPIA POLITICS
Ethiopian lawmakers on Saturday revised election laws to
pave the way for polls next year, but some opposition
parties said the changes would make it more difficult for
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