NAIROBI, March 5 (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 The U.S. dollar hovered near a three-month low versus major peers on Wednesday after the latest round of U.S. tariffs and countermeasures from Canada and China stoked fears of an escalating trade war.nL2N3PO034MKTS/GLOB WORLD OIL PRICES Oil prices fell for a third session on Wednesday as plans by major producers to raise output in April combined with concerns U.S. tariffs on Canada, Mexico and China will slow economic and fuel demand growth hammered investor sentiment.nL3N3PO05RO/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 was little changed on Tuesday as markets processed U.S. tariffs imposed on Canada, China and Mexico.nL2N3PN0LD NIGERIA OIL Seplat Energy SEPLAT.LG plans to invest up to $320 million in new wells and infrastructure this year, aiming to more than double its oil output to as much as 140,000 barrels per day following its acquisition of Exxon Mobil's Nigerian assets.nL2N3PN0GW KENYA MARKETS Kenya's shilling was stable on Tuesday, with dollar inflows matching importer foreign-currency demand, traders said.nL5N3PN0IY KENYA DEBT Kenya's government said on Tuesday that it would buy back about $580 million of its 2027 Eurobond following a tender offer announced last week.nL2N3PN0G0 RWANDA GERMANY AID Germany has halted new development aid to Rwanda and is reviewing its existing commitments in response to the African nation's role in the conflict in neighbouring Congo, the German development ministry said on Tuesday.nL5N3PN1VCnL5N3PN0A2 MAURITIUS IMF Mauritius has asked the International Monetary Fund to conduct a financial assessment of its government institutions, Prime Minister Navin Ramgoolam said on Tuesday, after earlier accusing the prior administration of falsifying data.nL3N3PN1D7 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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