Reuters
Published Jan 20, 2020 05:37
African Markets - Factors to watch on January 20
NAIROBI, Jan 20 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Monday.
- - - - -
GLOBAL MARKETS
Asian shares neared a 20-month top on Monday as Wall Street
extended its run of record peaks on solid U.S. economic data
and lashes of liquidity from the Federal Reserve.
MKTS/GLOB
WORLD OIL PRICES
Oil prices rose to their highest in more than week on Monday
after two large crude production bases in Libya began
shutting down amid a military blockade, setting the stage
for crude flows from the OPEC member to be cut to a trickle.
EMERGING MARKETS
For the top emerging markets news, double click on
STOCKS
For the latest news on African stocks, click on .J
SOUTH AFRICA MARKETS
South African stocks rose to near seven-month highs on
Friday, underpinned by gains in heavyweight Richemont
CFRJ.J and mining firms, while the rand fell against a
broadly stronger dollar. KENYA MARKETS
The Kenyan shilling KES= was firm on Friday supported by
inflows from the horticulture sector and diaspora
remittances, traders said. KENYA LOANS
Kenya is in advanced talks with the World Bank for "a fairly
priced" loan of up to 100 billion shillings ($991.57
million), nearly half of its required external funding this
fiscal year, a senior Treasury official said on Friday.
KENYA INFRASTRUCTURE
Hundreds of mismanaged infrastructure projects have stalled
in Kenya and it will cost around $10 billion to revive them,
the IMF said in a report whose findings point to a growing
power struggle at the heart of government.
NIGERIA LOANS
Nigeria plans to talk to concessionary lenders about 850
billion naira ($2.8 billion) external borrowings earmarked
in its 2020 budget, the head of the debt office said on
Friday.
NIGERIA BONDS
Nigeria plans to issue sukuk bonds worth 150 billion naira
($490 mln) on the local market this year, the Debt
Management Office said on Friday.
NIGERIA INFLATION
Annual inflation in Nigeria rose for the fourth straight
month in December, marking the longest run of increases in
almost two years as prices climbed across all categories
measured by the statistics bureau. For the latest precious metals report click on GOL/
For the latest base metals report click on MET/L
For the latest crude oil report click on O/L
Written By: Reuters
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