NAIROBI, May 28 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday.
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GLOBAL MARKETS Asian shares continued a rally from Wall Street and the dollar held gains on Wednesday on promising economic signs in the United States and speculation of strong tech earnings.nL3N3S004SMKTS/GLOB WORLD OIL PRICES Oil prices ticked up in early trading on Wednesday as the U.S. barred Chevron CVX.N from exporting crude from Venezuela under a new authorization on its assets there, raising the prospect of tighter supply.nL3N3RZ1IT O/R EMERGING MARKETS For the top emerging markets news, double click on nTOPEMRG AFRICA STOCKS For the latest news on South African stocks, click on .J SOUTH AFRICA MARKETS South Africa's rand weakened against a stronger dollar on Tuesday, hurt by lower gold prices as risk sentiment improved following U.S. President Donald Trump's decision to postpone tariffs on the European Union.nL2N3RZ0AX NIGERIA DEBT Nigerian President Bola Tinubu asked parliament to approve more than $21.5 billion in foreign borrowing for its 2025-26 borrowing plan to plug financial shortfalls to boost growth, according to a letter from the president seen by Reuters.nL2N3RZ0H2 AFRICA ECONOMY Africa's economic output is expected to grow by 3.9% this year, the African Development Bank said in its annual African Economic Outlook report on Tuesday, quickening from last year's pace of 3.3%.nL8N3RE10P KENYA MARKETS The Kenyan shilling KES= held steady against the dollar on Tuesday, data from the London Stock Exchange Group showed.nL5N3RZ06Z KENYA ECONOMY The World Bank has cut Kenya's growth forecast for this year by half a point from its initial prediction to 4.5%, it said on Tuesday, citing high levels of debt, high lending rates and a decline in private sector credit.nL5N3RY0RE IVORY COAST COCOA Ivory Coast's cocoa grind slipped 7% year-on-year in April to 38,169 metric tons, data from exporter association GEPEX showed on Tuesday.nL5N3RZ0ID DEMOCRATIC REPUBLIC OF CONGO SECURITY Congo is grappling with soaring military costs and declining tax revenues due to an offensive by Rwandan-backed rebels, who now occupy much of the country's eastern borderlands, a revised wartime budget under consideration by lawmakers showed.nL5N3RZ0DN GUINEA MINING Guinea's military government has cancelled 129 minerals exploration permits, it said in a statement late on Monday, as the West African nation tightens control over its assets.nL5N3RZ0FD For the latest precious metals report click on GOL/ For the latest base metals report click on MET/L For the latest crude oil report click on O/L |
((Compiled by Nairobi Newsroom))
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