NAIROBI, Feb 23 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Tuesday.
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GLOBAL MARKETS
Asian stocks rebounded from two-week lows struck on Tuesday
as rising commodity prices boosted market expectations of an
improved growth outlook, a day after rising U.S. Treasury
yields and inflation prospects hit U.S. tech
shares. MKTS/GLOB
WORLD OIL PRICES
Oil prices jumped by more than $1 on Tuesday, as U.S. output
was slow to return after a deep freeze in Texas shut in
crude production last week. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand weakened on Monday with demand for risk
assets dampened by rising yields in the United States and
some investor caution ahead of the South African government
budget this week. MARKETS
Kenya's shilling KES= was steady on Monday but was
expected to come under pressure in the coming days on
end-of-month dollar demand from companies covering expenses,
traders said. VIOLENCE
Italy's ambassador to Democratic Republic of Congo was
killed on Monday along with his bodyguard and a World Food
Programme driver when their convoy was attacked in the east
of the country, Italy and the United Nations
said. COAST COCOA
Exceptionally abundant rain over most of Ivory Coast's cocoa
regions last week revived expectations of a healthy
April-to-September mid-crop after weeks of drought and heat
in central regions, farmers said on Monday. NIGER ELECTIONS
Niger's ruling party candidate Mohamed Bazoum strengthened a
lead over his challenger on Monday as vote-counting
continued in the West African nation's presidential run-off,
electoral commission data from three-quarters of
constituencies showed. OIL
Nigerian state oil company NNPC has extended until June its
contracts with private companies to swap crude oil for
fuels, a company spokesman told Reuters. SUDAN CURRENCY
Business on Sudan's black market slowed to a crawl on Monday
and some people sold dollars in banks for the first time in
years, a day after authorities devalued the currency by more
than 85% to try to secure debt relief and ease an economic
crisis. ELECTIONS
Ugandan opposition leader Bobi Wine said on Monday he was
withdrawing a court case challenging presidential election
results that handed victory to incumbent Yoweri Museveni,
alleging bias by Supreme Court justices hearing the
case. For the latest precious metals report click on GOL/
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