African Markets – Factors to watch on April 10




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NAIROBI – The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Friday.
– – – – –
EVENTS:
*Rwanda releases March inflation data.
*Bank of Mauritius auctions 182-day Treasury bills worth a total
500 million rupees.

MARKETS
Asian shares advanced close to recent highs on Friday, and were
on track for weekly gains, while the dollar gave up some of its
overnight rise.

WORLD OIL
Brent crude edged up on Friday, supported by strong economic data
from that lifted the oil demand outlook and as worries
about a quick return of Iranian supplies eased.
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CURRENCIES
The Zambian kwacha could firm on news that the cabinet
propose changes to mining royalties in ’s -largest
copper producer, while other African currencies are seen stable.

SOUTH MARKETS
South Africa’s rand reversed gains against the dollar on
Thursday, after investors put behind them a recent raft of soft
U.S. data to price in the prospect of higher rates in the
world’s biggest economy.
South African stocks rose marginally on Thursday as depressed
resource companies dampened a by index heavyweight Naspers
.

NIGERIA MARKETS
Nigeria raised 183.64 billion naira ($923 million) in Treasury
bills with yields falling compared with the previous sale last
month, the central bank said on Thursday.

KENYA MARKETS
The Kenyan shilling edged down on Thursday mainly due to
demand for dollars, while the main shares index fell for a fourth
consecutive session.

ZAMBIA MINING
Zambia’s cabinet table changes to mining royalties on Monday
after the finance and mines ministers proposed the amendments,
the ’s spokesman said on Thursday.

BOTSWANA LENDING RATE
Botswana’s central bank left its benchmark lending rate unchanged
at 6.5 percent on Thursday, saying the prevailing monetary policy
stance was consistent with maintaining inflation within its
medium-term target range of 3-6 percent. (Reuters)