African Markets – Factors to watch on April 24




Whatsapp News

The following company announcements, scheduled indicators, debt and currency market
moves and political events may affect African markets Friday.
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GLOBAL MARKETS
An index of Asian rose fresh seven-year highs
Friday, track for a weekly gain after Nasdaq rose a
record, while the dollar stuck recent ranges after
lacklustre U.S. data.

WORLD OIL PRICES
Oil prices on Friday edged down from 2015-highs reached in
the previous session, but prices remained on track for
weekly gains after renewed in Yemen stoked
concerns on the of oil shipments.

EMERGING MARKETS
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AFRICA STOCKS
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AFRICAN CURRENCIES
Kenya’s shilling could fall further next week, while
other currencies are seen steady.
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SOUTH AFRICA MARKETS
South Africa’s rand recouped earlier losses against the
dollar on , turning slightly firmer after weak U.S.
home sales and manufacturing activity data pointed to
sluggish growth.

NIGERIA
Nigeria’s military said on it was still advancing
in Islamist group ’s last known stronghold,
dismissing reports land mines had forced them to
retreat.

KENYA MARKETS
The Kenyan shilling KES= weakened on importer dollar demand
on , while stocks fell for the third consecutive
day.

KENYA TREASURY BILLS
The weighted average yield on Kenya’s 91-day Treasury bill
dipped slightly to 8.406 percent at an auction on
Thursday from 8.408 percent last week, the central
said.

ZIMBABWE DEBT
The Zimbabwe ’s domestic borrowing rose by 28.76
percent to $549.18 million in February from $426.50 million
in the same period a year ago, the central said on
Thursday.(Reuters)