African Markets – Factors to watch on April 19

Reuters
This post was originally published here

    NAIROBI, April 19 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
Wednesday.
    - - - - -
 GLOBAL MARKETS
 Sterling stole centre stage in Asia on Wednesday amid
 speculation Britain's surprise decision to call a snap
 election could ultimately deliver a more market-friendly
 outcome in its divorce from the European
 Union.                       
 
 WORLD OIL PRICES
 Oil prices dipped on Wednesday as bloated U.S. supplies
 weighed on markets while a fall in Saudi crude exports was
 offset by rising production in the country.                 
 
 EMERGING MARKETS
 For the top emerging markets news, double click on
            
 
 AFRICA STOCKS
 For the latest news on African stocks, click on     
 
 SOUTH AFRICA MARKETS
 South African stocks slid on Tuesday, dragged down by
 resources companies, while the rand firmed slightly amid
 lingering political uncertainty.            
 
 SOUTH AFRICA TELECOM
 South Africa's competition regulator has decided against
 pursuing a complaint of unfair pricing lodged against mobile
 phone giants MTN Group MTNJ.J and Vodacom VODJ.J by smaller
 unlisted rival Cell C.            
 
 SOUTH AFRICA MINING
 South African miner Sibanye Gold SGLJ.J plans to tap
 shareholders for about $1 billion to partly fund a takeover
 of U.S.-based Stillwater Mining Co SWC.N, it said on
 Tuesday, a day after the deal secured a U.S. regulatory
 approval.            
 
 NIGERIA FINANCE
 The Nigerian central bank cut the amount of paperwork small
 and medium-size businesses must provide to buy dollars on
 Tuesday, to improve liquidity and the ease of doing business
 and help narrow the gap between official and black market
 exchange rates.            
 
 NIGERIA BANKS
 Ecobank, which operates in nearly 40 African countries, said
 on Tuesday a recession in Nigeria and a strong U.S. dollar
 led to a loss for 2016, sending its shares 5 percent
 lower.            
 
 NIGERIA TRANSPORT
 Nigeria reopened the capital's airport in Abuja on Tuesday,
 officials said, following a six-week closure for runway
 repairs that disrupted international air traffic to the
 country.            
 
 ZAMBIA POLITICS
 Zambia opposition leader Hakainde Hichilema, arrested last
 week on suspicion of treason, was charged in a magistrate's
 court on Tuesday with trying to overthrow the
 government.            
 
 ZIMBABWE MINING
 Zimbabwe's mining industry needs to be "reorganised" so that
 it contributes more towards the African country's economy,
 President Robert Mugabe said on Tuesday.            
 
 SOUTH SUDAN CONFLICT
 A hundred unarmed South Sudanese refugees in east Congo took
 13 United Nations mission staff hostage on Tuesday,
 demanding to be moved to a third country before later
 releasing them unharmed.            
 
 ETHIOPIA UNREST
 A total of 669 people were killed in unrest that gripped
 Ethiopia for several months until authorities imposed a
 state of emergency last October, according to an
 investigation report presented to parliament on
 Tuesday.            
 
 
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