NAIROBI, Sept 23 - The following company announcements, scheduled economic indicators, debt
and currency market moves and political events may affect African markets on Wednesday.
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GLOBAL MARKETS
Asia's stock markets struggled to emulate Wall Street's
rebound on Wednesday as persistent worries about the global
economic recovery kept investors cautious, while ebbing
inflation expectations helped the U.S. dollar to a two-month
high. MKTS/GLOB
WORLD OIL PRICES
Oil prices fell on Wednesday after an industry group
reported a surprise rise in U.S. crude, adding to worries
about demand that led to a steep selloff earlier in the
week. O/R
EMERGING MARKETS
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SOUTH AFRICA MARKETS
South Africa's rand recovered some losses on Tuesday as
the tide of risk aversion that saw the currency plunge in
the previous session ebbed, while stocks continued their
losing streak. CENTRAL BANK
Nigeria's central bank cut its benchmark lending rate on
Tuesday by 100 basis points to 11.5% in a surprise move
aimed at stimulating growth in Africa's largest
economy. BANKING
Civil servant Amos Dam is frustrated after waiting two
hours to enter a bank in Nigeria's capital Abuja. He is one
of about 20 people sitting on plastic chairs under a canopy
to protect them from the sun on a pavement between a busy
road and the bank. MARKETS
The Kenyan shilling KES= was little changed on
Tuesday, and was expected to gain ground, helped by dollar
inflows from foreign investors interested in buying
government bonds, traders said. L5N2GJ1VO
ZAMBIA DEBT
Zambia launched a vote with its Eurobond holders on
Tuesday, proposing to defer interest payments on its three
outstanding dollar-denominated bonds until April 14,
2021. DEBT
Uganda's public debt surged 20.5% in the 12 months to
June as the east African country soaked up new credit to
help deal with the economic impact of COVID-19, the central
bank said on Tuesday. FOOD SECURITY
Worsening violence by militants with links to Islamic
State in northern Mozambique are causing thousands to go
hungry as they flee their homes and abandon farms, the U.N.
World Food Programme (WFP) warned on Tuesday. COAST GROWTH
Ivory Coast's economy has weathered the impact of the
coronavirus better than expected and will return to growth
of 7-8% next year, up from an anticipated 1.5-2% for 2020,
President Alassane Ouattara said on Tuesday. the latest precious metals report click on GOL/
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