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African Markets - Factors to watch on March 13 - REUTERS

MARCH 13, 2017

NAIROBI, Macrh 13 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. - - - - -

GLOBAL MARKETS Asian shares rose on Monday, taking their cue from gains on Wall Street after strong U.S. job data, though the mood was cautious as oil prices plunged to 3 1/2-month lows on fresh worries of oversupply.

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WORLD OIL PRICES Hedge funds and other money managers cut their net long U.S. crude futures and options positions in the week to March 7, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The move was the second consecutive cut, the data showed.

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 reversed recent losses on Friday, gaining more than one percent as weaker than expected U.S. wages data dampened expectations of a spate of interest rate increases this year by the Federal Reserve.

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NIGERIA MARKETS Nigeria's naira exchange rate was steady on both the official and black markets on Friday after President Muhammadu Buhari's return home from extended medical leave in Britain.

NIGERIA TELRCOM Nigeria's financial and telecoms regulator said it agreed on Friday with local banks to end the prospect of receivership for mobile operator Etisalat Nigeria, which has missed a payment on a $1.2 billion loan.

KENYA MARKETS The Kenyan shilling edged toward weakening on Friday as debt auction cancellations by the central bank eroded support typically provided by hard currency inflows from foreign investors who take up local debt.

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UGANDAN MARKETS The Ugandan shilling s was stable against the dollar on Friday, and was seen gaining due to the central bank mopping up 147 billion shillings ($40.89 million) in excess liquidity.

SOMALIA STRIKE Hundreds of soldiers went on strike in the Somali capital on Sunday, blocking roads and forcing businesses to close in protest over unpaid salaries, a challenge for the new president who has vowed to defeat Islamist militant group, al Shabaab.

ETHIOPIA LANDSLIDE A landslide at a huge garbage dump on the outskirts of the Ethiopian capital Addis Ababa killed 35 people who were searching for food and other goods there, an official said on Sunday. DOWNLOAD APPS AT https://www.abokifx.com/ ABOKIFX.COM

ZIMBABWE ECONOMY Zimbabwe expects higher economic growth of 3.7 percent this year, from an initial projection of 1.7 percent following a better than expected agriculture season, the finance minister was quoted as saying by a state-owned newspaper on Friday.

African Markets - Factors to watch on March 13 - REUTERS

MARCH 13, 2018

NAIROBI, March 13 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. - - - - -

EVENTS:

*RWANDA - The statistics office to release fourth quarter 2017 gross domestic product data.

GLOBAL MARKETS Asian stocks stalled on Tuesday as Wall Street shares lost steam, while the dollar sagged on the back of declining U.S. yields. Investors were focused on U.S. inflation data due later in the day (1230 GMT) for clues on the pace of Federal Reserve interest rate rises this year.

WORLD OIL PRICES Oil prices fell on Tuesday, extending losses from the previous session, as the inexorable rise in U.S. crude output weighed on markets.

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 on Monday, holding on to gains notched up in the previous session as a benign U.S. jobs report eased worries about inflation and faster rate hikes.

NIGERIA MARKETS Nigeria's central bank said on Monday it had injected $210 million into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages.

KENYA MARKETS The Kenyan shilling strengthened on Monday, helped by dollar inflows from offshore investors interested in buying government bonds, traders said.

KENYA POLITICS Kenyan opposition politicians said on Monday they had suspended their rival assembly, days after their leader said he would reconcile with President Uhuru Kenyatta and end months of post-election turmoil.

GHANA COCOA Ghana may only produce around 700,000 tonnes of cocoa this season, well short of its initial forecast of 850,000 tonnes, due to poor rains during the main crop harvest, the head of the Cocobod marketing board told Reuters on Monday.

DEMOCRATIC REPUBLIC OF CONGO POLITICS Exiled Democratic Republic of Congo opposition leader Moise Katumbi said on Monday he would return home by June to lodge his candidacy for a presidential election in December to succeed Joseph Kabila.

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