The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Thursday.
– – – – –
EVENTS:
*Uganda statistics office to release consumer inflation data
for December.
GLOBAL MARKETS
Asian share markets looked set to end a rough, volatile year
on a subdued note on Thursday as a renewed slide in oil
prices sapped sentiment, a baleful trend that shows every
sign of lingering into 2016.
WORLD OIL PRICES
Oil prices remained in a downbeat mood during their final
Asian-hours trading session of 2015 after record U.S. crude
inventories reinforced concerns about a global supply glut
that has pulled down prices by a third over the past
year.
EMERGING MARKETS
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AFRICA STOCKS
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SOUTH AFRICA MARKETS
South Africa’s rand weakened more than one percent in thin
trade on Wednesday, under pressure from a strengthening
dollar, even though the balance of trade swung to a surplus
from a wide deficit.
NIGERIA CRUDE OIL SALES
Nigerian authorities have seen documents suggesting the
proceeds from past crude oil sales were diverted to personal
accounts rather than reaching government coffers, President
Muhammadu Buhari said in a wide-ranging interview on
Wednesday.
KENYA ECONOMY
Kenya’s economy grew 5.8 percent in the third quarter of
this year, driven by construction and agriculture and helped
by a more gradual decline in tourism compared to last year,
the statistics office said on Wednesday.
BURUNDI POLITICS
Burundi’s President Pierre Nkurunziza said on Wednesday that
Burundians would fight against any peacekeepers sent into
the country by the African Union, in his first public
response to the AU’s plan to deal with an escalating
political crisis.
GHANA ELECTRICITY
Ghana’s government said on Wednesday it had fixed an
electricity supply deficit that caused years of frequent
blackouts that hurt businesses and angered voters ahead of
an election next year.
