NAIROBI, Oct 15 (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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EVENTS: *TANZANIA - Tanzania's high court is due to rule on whether an opposition party presidential candidate should be on the ballot in the October 29 election. GLOBAL MARKETS Asian stocks staged a tentative rebound on Wednesday, helped by dovish comments from Federal Reserve Chair Jerome Powell and upbeat bank earnings on Wall Street, though simmering U.S.-China trade tensions kept a lid on risk appetite.nL2N3VW00UMKTS/GLOB WORLD OIL PRICES Oil prices fell in early trade on Wednesday, extending losses from the previous session, as investors weighed the International Energy Agency's warning of a supply surplus in 2026 and U.S.-China trade tensions that could hurt demand.nL2N3VW00CO/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 fell sharply after the release of disappointing local mining production numbers and after already being on the back foot for much of Tuesday's session as trade tensions between Washington and Beijing dented risk sentiment.nL2N3VV0IC SHELL NIGERIA Shell SHEL.L has approved the development of an offshore gas project in Nigeria along with its joint venture partner Sunlink Energies, the oil major said on Tuesday, the latest in a series of investments by its Nigerian business.nL6N3VV0EJ ETHIOPIA DEBT Ethiopia said on Tuesday that debt restructuring negotiations with its bondholders had failed for the time being due to differences over the key terms that have kept the country in financial limbo for almost two years.nL5N3VV0AC KENYA ECONOMY A group of Kenyan non-governmental organisations have accused the government of stoking economic inequality and driving up national debt, in a written briefing to the head of the International Monetary Fund.nL5N3VV1AD MADAGASCAR PROTESTS An army commander who led a mutiny in Madagascar said on Tuesday the military had taken power after President Andry Rajoelina was impeached by lawmakers and forced to flee the country following weeks of youth-led protests.nL2N3VV0GM CAMEROON ELECTION Cameroon opposition candidate Issa Tchiroma declared victory late on Monday in the country's October 12 presidential election, urging President Paul Biya to accept defeat and "honour the truth of the ballot box".nL2N3VV0IU IVORY COAST COCOA Ivory Coast's cocoa grind down 38.6% year-on-year in September to 33,764 metric tonnes compared with the same period a year ago, data from exporter association GEPEX showed on Tuesday.nL5N3VV0JT 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 |
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