African Markets - Factors to watch on March 16

Reuters
03/16
African Markets - Factors to watch on March 16

NAIROBI, March 16 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.

- - - - -

EVENTS:

*Nigeria's statistics office is expected to release consumer inflation data for February.

GLOBAL MARKETS

Asian markets were in a wary mood on Monday as hostilities in the Gulf kept oil prices elevated, complicating an inflation outlook that should keep most central banks on pause at policy meetings this week, barring one possible hike.nL1N404013MKTS/GLOB

WORLD OIL PRICES

Oil prices rose on Monday as investor focus returned to threats facing Middle East oil facilities, despite U.S. President Donald Trump's call for nations to help safeguard the Strait of Hormuz, a vital artery for global energy shipments.nL1N403093O/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

The South African rand extended its fall on Friday, heading for a second consecutive week of losses as surging energy prices fuelled by conflict in the Middle East rattled global markets and heightened inflation concerns.nL1N4010GY

AFRICA ECONOMY

African officials have warned that the sharp rise in oil prices due to the conflict in Iran will challenge monetary policymaking and could hit productivity in key sectors like mining, putting the continent's ongoing economic recovery in peril.nL8N401156

NIGERIA PETROLEUM

Shell Nigeria Exploration and Production Company said on Friday it resumed production at its Bonga deepwater oil vessel on March 6 after it completed a planned turnaround maintenance on the Bonga floating production storage and offloading (FPSO unit).nL1N402011

MOZAMBIQUE MINING

Australian diversified miner South32 S32.AX said on Monday it had placed its Mozal aluminium smelter in Mozambique on care and maintenance on March 15.nL1N40308J

MADAGASCAR POLITICS

Madagascar's president Michael Randrianirina said on Sunday he had appointed anti-corruption chief Mamitiana Rajaonarison as prime minister, days after dismissing the last premier along with the entire cabinet.nL1N40306C

RWANDA MOZAMBIQUE SECURITY

Rwanda warned on Saturday that it was ready to withdraw its troops from Mozambique's Cabo Delgado province, where they are helping to counter deadly insurgent attacks, if sufficient international funding for the mission is not assured.nL1N40206T

SENEGAL DEBT

Senegal made nearly half-a-billion-dollar debt payments due on Friday, but spending cuts and, according to five sources, delayed payments to other lenders as well as nascent civil unrest cast doubt on how much time the effort buys.nL1N4010LS

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((Compiled by Nairobi Newsroom))

((Email: nairobi.newsroom@thomsonreuters.com))

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