NAIROBI, May 16 The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
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*Nigeria due to release its April consumer price inflation
*Kenyan authorities expected to present a supplementary
budget before parliament.
Asian stocks briefly climbed to a fresh-two year high on
Tuesday on the back of an overnight rise in Wall Street,
while oil extended gains after major producers Saudi Arabia
and Russia said supply cuts needed to continue into 2018.
WORLD OIL PRICES
Oil prices rose on Tuesday, extending gains after a joint
announcement by top producers Saudi Arabia and Russia to
push for an extension of supply cuts until the end of March
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SOUTH AFRICA MARKETS
South Africa's rand firmed on Monday along with other
emerging currencies as the dollar retreated on weak
manufacturing data and geopolitical fears following North
Korea's missile test, while stocks were flat.
UK-based telecoms group Vodafone moved to
consolidate two of its African interests on Monday with the
transfer of a 35 percent stake in Kenya's Safaricom
to majority-owned South African subsidiary Vodacom
The Kenyan shilling was stable against the dollar on
Monday and was seen playing in a narrow range amid increased
demand from the manufacturing and energy sectors, traders
IVORY COAST MUTINY
Renegade soldiers in Ivory Coast on Monday rejected a
proposed deal to end their mutiny over unpaid bonuses just
minutes after the defence minister announced on state-owned
television that an agreement had been reached.
IVORY COAST BANKS
Ivory Coast's banking association, the APBEF, ordered all
banks in the West African nation to remain closed on Monday
amid worsening unrest linked to a four-day nationwide army
mutiny, banking and business officials said.
Rwanda expects its economy to grow 6.8 percent in 2018, up
from a forecast 6.2 percent this year, thanks to stronger
agriculture production and the construction of a new
airport, Finance Minister Claver Gatete said on Monday.
Botswana's government has offered its state-owned BCL Mine
Ltd to the Emirates Investment House (EIH) for a token price
of $1 in a deal that will result in the Emirati firm taking
over the mine's debts, minerals minister Sadique Kebonang
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