African Markets – Factors to watch on Jan 7

NAIROBI, Jan 7 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. – – – – – GLOBAL MARKETS Asia shares rose on Tuesday, tracking Wall Street’s positive lead and as some investors hoped incoming U.S. President-elect Donald Trump could adopt a less aggressive tariff stance than promised when he takes office. WORLD OIL PRICES Oil prices extended losses into a second straight session on Tuesday on technical correction after last week’s rally, while forecasts for ample supply and a firm dollar also weighed. 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 The South African rand regained some ground against a weaker dollar on Monday ahead of a flurry of economic data releases this week from the world’s biggest economy. KENYA MARKETS Kenya’s shilling was steady against the dollar on Monday, data from London Stock Exchange Group showed. KENYA PMI Kenya’s private sector activity expanded very slightly in December, with growth slowing a little from a month earlier but remaining supported by increased customer sales, a survey showed on Monday. UGANDA CENTRAL BANK The Bank of Uganda (BoU) said on Monday it would change the release of its benchmark policy rate from every two months to quarterly, starting this year. GHANA POLITICS John Dramani Mahama will be sworn in for his second term as Ghana’s president on Tuesday with a fresh mandate to tackle familiar challenges, including corruption, high unemployment, inflation and public discontent. SOUTH SUDAN OIL Sudan has lifted a nearly year-long force majeure on the transport of crude oil from its neighbour South Sudan to a port on the Red Sea after security conditions improved, according to a letter seen by Reuters on Monday. DJIBOUTI OIL Morocco’s top port operator Marsa Maroc will invest an undisclosed sum in Damerjog Oil FZE, which is planning to build an oil and gas port on Djibouti’s Gulf of Aden coast, according to a Moroccan government decree seen on Monday. MALAWI CENTRAL BANK Malawi’s President Lazarus Chakwera has appointed MacDonald Mwale as the new central bank governor, replacing Wilson Banda, the secretary to the president said on Monday. BARRICK GOLD MALI Canada’s Barrick Gold said on Monday that an interim attachment order has been issued against the existing gold stock at its Loulo-Gounkoto mining complex in Mali, which further prevents export and disrupts normal operations. For the latest precious metals report click on For the latest base metals report click on For the latest crude oil report click on

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