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African Markets - Factors to watch on May 16 - REUTERS

MAY 16, 2019

NAIROBI, May 16 (Reuters) - The following company announcements, scheduled economic

indicators, debt and currency market moves and political events may affect African markets on

Thursday.

                   - - - - -

 GLOBAL MARKETS

 Asian shares fell on Thursday after the United States hit

 Chinese telecoms giant Huawei with severe sanctions,

 threatening.           

 

 WORLD OIL PRICES

 Oil prices rose on Thursday for a third straight session, as

 the risk of conflict in the Middle East stoked fears of

 supply disruptions, negating an unexpected rise in U.S.

 inventories.     

 

 EMERGING MARKETS

 For the top emerging markets news, double click on

           

 

 AFRICA STOCKS

 For the latest news on African stocks, click on    

 

 KENYA EUROBOND

 Kenya has raised $2.1 billion in a new Eurobond that comes

 in tranches of 7- and 12-year tenors, in an issue that was

 oversubscribed more than four times, the finance ministry

 said on Thursday.            

 

 NIGERIA MTN   

 The Nigerian business of South Africa's MTN Group MTNJ.J

 said it would start trading its existing shares worth about

 $6 billion in Lagos on Thursday, ahead of its plan for a

 public offering of new shares to investors in MTN's biggest

 market.            

 

 ZIMBABWE ECONOMY

 Zimbabwe’s Finance Minister announced the rebasing of the

 economy on Wednesday, following the adoption of a new

 currency earlier this year, and said growth would be slowed

 this year by a drought and a cyclone that hit eastern

 regions.            

 

 SOUTH AFRICA POLITICS

 South African President Cyril Ramaphosa said on Wednesday

 that he would use a new five-year term to speed up economic

 reforms and fix ailing state power firm Eskom, a week after

 his African National Congress party was re-elected with a

 reduced majority.

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