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African Markets - Factors to watch on April 16 - REUTERS

APRIL 16, 2018

NAIROBI, April 16 - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. - - - - -

GLOBAL MARKETS Asian share markets were mixed and oil prices fell on Monday as relief U.S.-led strikes on Syria looked unlikely to escalate was tempered by concerns at Russia's potential reaction to new sanctions from Washington.

WORLD OIL PRICES Oil prices fell on Monday as markets opened the week cautiously following western air strikes in Syria over the weekend, and as American drilling for new production continued to rise.

EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on African stocks, click on SOUTH AFRICA MARKETS South Africa's rand steadied against the dollar late on Friday, ending a volatile week that saw the unit range bound as risk appetite see-sawed over global trade war fears and tensions between the United States and Russia over Syria.

SOUTH AFRICA KPMG KPMG South Africa is reviewing work done by its partners in the wake of the resignation of two partners who faced disciplinary charges, its chief executive said on Sunday, another setback for the firm whose work is under scrutiny by authorities.

NIGERIA POLITICS Nigerian President Muhammadu Buhari is to meet U.S. President Donald Trump at the White House on April 30, the White House said on Sunday.

NIGERIA OIL Nigerian state oil firm NNPC's engineering unit said on Friday its 2017 pretax profit fell 34 percent to 3.26 billion naira ($10.4 mln) as a result of a lower foreign exchange gain.

NIGERIA SECURITY Talks between the Nigerian government and Boko Haram militants on the release of schoolgirls kidnapped from the northeastern town of Chibok in 2014 have been set back by disagreements among their abductors, President Muhammadu Buhari said on Friday.

KENYA MARKETS The Kenyan shilling strengthened against the dollar on Friday with thin demand from oil importers being met by inflows from horticulture exporters and offshore investors interested in buying government bonds, traders said.

KENYA RATES Kenyan lawmakers have ruled out scrapping a law that caps commercial lending rates, local newspapers reported, after a meeting between the lawmakers and the central bank governor.

KENYA BANKS Kenya's central bank said on Friday it had received proposals from potential buyers of a small lender that has been in receivership for more than two years.

KENYA OIL Kenya's National Oil Corporation and U.S. oil services company Schlumberger have agreed to finalise a field development plan on behalf of the government for oil blocks in the northwest of the country.

KENYA POLITICS A surprise handshake between President Uhuru Kenyatta and opposition leader Raila Odinga has stirred up Kenyan politics as the long-time rivals set their sights on the 2022 elections.

ZIMBABWE ECONOMY Zimbabwe is looking to sell shares in 35 state-owned firms, including telecoms and mining entities in the latest step to revive the economy under new political leadership, Finance Minister Patrick Chinamasa said on Friday.

ETHIOPIA POLITICS Ethiopia's new prime minister Abiy Ahmed has told opposition leaders the country will strengthen a range of political and civil rights, in the latest sign he may be willing to push through reforms announced in the wake of violent protests.

UGANDA MARKETS The Uganda shilling was trading in the same position on Friday amid some support from subdued appetite and inflows of hard currency from coffee exporters and non-governmental organisations.

MAURITIUS MARKETS The weighted average yield on Mauritius' 91-day Treasury bills fell to 3.51 percent at auction on Friday from 3.72 percent at the last sale on April 6, the central bank said.

DEMOCRATIC REPUBLIC OF CONGO VIOLENCE The United Nations called on Friday for global funding to aid millions of people facing hellish living conditions in Democratic Republic of Congo after years of factional bloodshed and lawlessness.

TANZANIA ENERGY Tanzania has invited bids for consultancy services to help the government conclude negotiations with a group of international oil firms on a deal for the construction of a proposed liquefied natural gas (LNG) plant.

SOMALIA MILITARY The United Arab Emirates (UAE) is ending a military training programme in Somalia in response to the seizure of millions of dollars and the temporary holding of a UAE plane by Somali security forces last week.

CHAD ECONOMY The International Monetary Fund said it was resuming loan disbursements to Chad after the Central African oil producer reached an agreement in principal to restructure its more than $1 billion debt to Glencore and four banks.

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