African Markets – Factors to watch on June 29

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Dollar banknotes are seen in this picture illustration taken April 28, 2017. REUTERS/Dado Ruvic
The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Thursday.
    - - - - -
 EVENTS:
 Mauritius releaseS revised 2017 GDP growth forecast and Q1
 growth rate
 
 
 GLOBAL MARKETS
 The dollar shuddered to its lows for the year on Thursday as
 a drumbeat of hawkish comments from major central banks
 signalled the era of easy money might be coming to an end
 for more than just the United States.                       
 
 WORLD OIL PRICES
 Crude oil rose for a sixth straight session on Thursday to
 its highest since June 19 on a decline in U.S. output, but
 ongoing worries about global oversupply continued to
 drag.                 
 
 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 and mining stocks strengthened on
 Wednesday as the dollar plunged on U.S. stimulus
 uncertainty, although AngloGold Ashanti ANGJ.J fell more
 than 4 percent after saying it may retrench 8,500
 workers.            
 
 
 NIGERIA MARKETS
 Nigeria's central bank will sell $100 million at a special
 foreign exchange auction on Wednesday, the bank said as the
 local currency held steady in all segments of the foreign
 exchange market.            
 
 
 NIGERIA OIL
 Nigeria's Excess Crude Account tied for the world's most
 poorly governed sovereign wealth fund, according to a report
 by the Natural Resource Governance Institute (NRGI) released
 on Wednesday.            
 
 
 NIGERIA OIL/SECURITY
 A militant group in Nigeria's oil-rich southern Niger Delta
 on Wednesday withdrew its threat to launch attacks on oil
 facilities from June 30.                
 
 
 NIGERIA CRIME
 An investigator at Nigeria's financial crimes agency was
 shot after leaving his office, underlining the dangers faced
 by those looking into corruption, the Economic and Financial
 Crimes Commission (EFCC) said on Wednesday.                
 
 
 KENYA MARKETS
 The Kenyan shilling        weakened against the shilling on
 Wednesday due to increased demand from oil importers, and
 traders said it could ease further amid dwindling inflows
 from charities and agricultural exporters.            
 
 
 KENYA BANKING
 A court on Wednesday charged the ex-chairman of a Kenyan
 bank with conspiring to defraud depositors of 1.7 billion
 Kenyan shillings ($16 million), in a case that undermined
 confidence in the country's banking sector.            
 
 
 GHANA CHINA/MOU
 Ghana has signed a $10 billion memorandum of understanding
 (MOU) with China to develop its bauxite industry, the
 country's Senior Minister Yaw Osafo-Maafo said on
 Wednesday.                
 
 
 GHANA IMF
 Ghana's government has asked the International Monetary Fund
 to push back the end date of its $918 million aid programme
 from April 2018 to December 2018, IMF and government sources
 told Reuters on Wednesday.                
 
 
 GHANA ECONOMY
 Ghana's gross domestic product (GDP) growth stood at 6.6
 percent in the first quarter of 2017, the statistics office
 said on Wednesday.            
 
 
 SOUTH SUDAN USA
 South Sudan has deported three U.S. citizens, two of whom
 served in the military and a third who deserted, U.S. and
 South Sudanese officials said on Wednesday, another chapter
 in an unusual tale of unofficial foreign interventions in
 the country.                
 
 
 ZIMBABWE PROTEST
 A Zimbabwean pastor at the heart of a protest movement
 against President Robert Mugabe was freed on bail on
 Wednesday, two days after he was arrested at a student rally
 and charged with promoting violence.            
 
 
 MALAWI BANKING
 Malawi's First Merchant Bank          will buy the local
 assets of micro lender Opportunity International Bank of
 Malawi (OIBM), subject to regulatory approvals, the two
 banks said on Wednesday.              
 
 
 BOTSWANA EXPANSION
 Botswana's Debswana Diamond Mining, a joint venture between
 De Beers and the southern Africa country's government, plans
 to extend the lifespan of its Jwaneng mine beyond 2024, a
 mines minister said.

 

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