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    African Markets – Factors to watch on May 9

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    Anene Peters, Editor Naija247newshttp://Naija247news.com
    Anene Peters is an intern with Naija247news Media. He's focus is on tech and science. He's a graduate of Abia State University with a major in Computer Science and Communications. You can contact him for press events on 0903 927 6505
    EVENTS:
     SENEGAL - The International Monetary Fund launches its
     latest report on the outlook for African economies.
     
     GLOBAL MARKETS
     Asian stock markets were mixed on Tuesday following a flat
     close on Wall Street, as investors searched for the next
     catalyst following France's presidential election, while oil
     inched higher on expectations OPEC supply cuts will be
     extended.
                
     
     WORLD OIL PRICES
     Oil prices gave up earlier gains on Tuesday, as concerns
     over slowing demand and a relentless rise in U.S. crude
     output undermined the impact of hopes that OPEC-led
     production cuts could be extended.
          
     
     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 weakened on Monday, giving back some of
     Friday's strong gains as investors favoured developed market
     currencies after the French election result calmed fears the
     country would follow Britain out of the European Union.
                 
     
     
     NIGERIA MARKETS
     The Nigerian naira traded at about 400 to the dollar in
     deals for investors on Monday, traders told Reuters, two
     weeks after the central bank allowed investor trade in the
     currency at market-determined rates.
                 
     
     NIGERIA DOLLARS
     Nigeria's central bank said it released $81.2 mln for dollar
     requests on Monday in a continuing drive to improve
     liquidity.
                     
     
     KENYA MARKETS
     The Kenyan shilling KES= was steady against the dollar on
     Monday but demand from the energy sector was seen
     outweighing minimal dollar inflows from charities, traders
     said.
                 
     
     ZAMBIA WORLD BANK
     The World Bank has approved a $200 million credit for Zambia
     to improve rural roads in six of the southern African
     nation's 10 provinces, the international lender said on
     Monday.
                 
     
     ZIMBABWE ELECTRICITY
     South Africa's state-run power utility Eskom could cut
     supplies to neighbouring Zimbabwe by the end of this month
     if Harare fails to clear arrears, Zimbabwe's state-run
     Herald newspaper reported on Monday.

     

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