NAIROBI, Sept 4 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Wednesday.
- - - - -
GLOBAL MARKETS
Asian shares and global stock futures tumbled on Wednesday,
led by a heavy decline in technology names and as worries
about the global growth outlook drove investors out of risky
assets, while oil prices hit multi-month lows.
WORLD OIL PRICES
Oil prices fell on Wednesday, extending a plunge of more
than 4% the previous day, on expectations that a political
dispute halting Libyan exports could be resolved and
concerns over lower global demand growth.
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
The South African rand weakened on Tuesday after data showed
the country's second-quarter economic growth was slightly
weaker than expected.
NIGERIA CHINA INVESTMENTS
China vowed to encourage its more "powerful" companies to
invest in Nigeria, which in turn said it was open to Chinese
companies building factories and developing its energy and
mineral resources, after the two nations' leaders met in
Beijing.
KENYA MARKETS
Kenya's shilling was unchanged on Tuesday, and
traders said it was expected to strengthen, helped by tea
export dollar inflows.
UGANDA POLITICS
Uganda's main opposition leader Bobi Wine, who has emerged
as the most formidable opponent of veteran President Yoweri
Museveni, was shot in the leg by security agents in a
northern suburb of the capital Kampala on Tuesday, his party
said.
ETHIOPIA AIRLINE
Ethiopian Airlines said on Tuesday it had suspended flights
to neighbouring Eritrea because its bank account there was
frozen.
ANGOLA CHINA FINANCING
China needs to step up its financing for Angola if the
African nation is to absorb more Chinese-made goods from
solar panels to electric cars, Angola's finance minister
said on Tuesday, as the former OPEC member considers vying
bids from Beijing and Europe.
For the latest precious metals report click on
For the latest base metals report click on
For the latest crude oil report click on
(Compiled by Nairobi Newsroom)