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 rallied on Thursday with a decline in U.S. Treasuries pointing to a tentative recovery in risk appetite that has been hammered by the escalating war in the Middle East.
WORLD OIL PRICES
Oil prices rose on Thursday amid growing concern over the prolonged closure of the Strait of Hormuz, as the U.S.-Iran war chokes off vital Middle East oil and gas flows while production facilities limit output.
EMERGING MARKETS
For the top emerging markets news, double click on
AFRICA STOCKS
For the latest news on South African stocks, click on
SOUTH AFRICA MARKETS
South Africa's stocks, government bonds and rand recovered some ground on Wednesday after the previous day's steep selloff triggered by the conflict in the Middle East.
NIGERIA DANGOTE REFINERY
Nigeria's Dangote oil refinery has issued tenders to sell gasoil and jet fuel in March, a trade source said, citing a tender document summary.
KENYA PMI
Kenya's private sector activity expanded at a slower pace in February, hurt by slowing performance in agriculture and manufacturing, but got a lift from construction, wholesale and retail and services, a survey showed on Wednesday.
KENYA IMF
Kenya does not expect an ongoing International Monetary Fund staff visit to yield a lending programme at this stage, its finance minister said on Wednesday, with talks currently focused on more technical details.
KENYA PIPELINE IPO
Demand from Kenyan and regional investors helped Kenya Pipeline Company's initial public offering become oversubscribed, the finance minister said on Wednesday, as the state‑owned firm raised the 106.3 billion shillings ($823.7 million) the government had targeted in its first major deal in nearly 20 years.
DEMOCRATIC REPUBLIC OF CONGO MINING
More than 200 people died on Tuesday in a landslide triggered by heavy rains at the Rubaya coltan mine in eastern Democratic Republic of Congo, the country's mines ministry said on Wednesday.
IVORY COAST COCOA
Ivory Coast has cut the fixed farmgate price paid to cocoa farmers by 57% to 1,200 CFA francs ($2.14) per kg for the mid-crop, agriculture minister Bruno Kone said on Wednesday, as the government seeks to boost sales after global prices fell.
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))
((Email: ))