NAIROBI, March 5 - The following company announcements, scheduled economic indicators, debt
and currency market moves and political events may affect African markets on Friday.
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GLOBAL MARKETS
Asian stocks skidded to one-month lows on Friday as
rising U.S. Treasury yields again rattled equity investors
while hoisting the dollar to a three-month high, which in
turn dragged the Japanese yen. MKTS/GLOB
WORLD OIL PRICES
Oil prices rose on Friday, extending gains from the
previous session, after OPEC and its allies agreed not to
increase supply in April as they await a more substantial
recovery in demand amid the coronavirus
pandemic. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand firmed slightly on Thursday, ahead
of a speech by U.S. Federal Reserve Chairman Jerome Powell
that may determine the trend for global bond markets and
currencies. LOANS
Nigeria's central bank said on Thursday it has extended
a regulatory forbearance on restructured loan facilities
impacted by the COVID-19 pandemic. BANKS
When Lagos imposed a lockdown last year, Nigerian civil
servant Ruth Oladimeji saw a way to earn extra money. With
people unable to visit banks due to the coronavirus
pandemic, she became an agent providing local banking
services. MARKETS
The Kenyan shilling KES= held steady on Thursday as
market participants assessed the prospects of economic
recovery from the coronavirus crisis. BANKS
Kenya's Stanbic Holdings SBIC.NR posted a 19% drop in
its full-year pretax profit, as its interest income dropped
and credit impairment costs rose. LOANS
The African Import and Export Bank (Afreximbank) has
agreed to help Zimbabwe raise funding to refinance $1.4
billion in loans to the pan-African lender, a copy of the
agreement seen by Reuters showed on Thursday. MANUFACTURING
Zimbabwean manufacturers expect to ramp up production to
61% of capacity this year, the highest level in a decade, on
expected stability in the foreign exchange market and
falling inflation, the main industrial body said on
Thursday. BANKS
Tanzania's central bank said on Thursday it had
transferred all assets and liabilities of Dar es
Salaam-based China Commercial Bank Limited to another lender
after it was placed under administration in
November. IMF TALKS
The International Monetary Fund (IMF) said on Thursday
that headway had been made in three weeks of talks over a
programme for Zambia and discussions would continue, though
a number of challenges remained. MINING
A gold rush drawing thousands to a village in Congo's
South Kivu province has driven authorities to ban mining
there until more oversight is established, the provincial
mines minister said on Thursday. PROTESTS
One person died in a second day of violent protests in
Senegal on Thursday, the government said, as supporters of
the main opposition leader, Ousmane Sonko, clashed with riot
police over a rape accusation that Sonko denies. the latest precious metals report click on GOL/
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