NAIROBI, Aug 29 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
- - - - -
*ANGOLA - The central bank to announce its latest decision
on the direction of its benchmark lending rate.
*Namibia's statistics office to release second quarter gross
domestic product data.
Most Asian share markets tumbled on Monday while the U.S.
dollar added to gains made after Federal Reserve Chair Janet
Yellen indicated a U.S. interest rate increase remains on
the cards for this year.
WORLD OIL PRICES
Oil prices fell about 1 percent on Monday as Iraq's
production rose and Iran said it would only cooperate in
producer talks to freeze output if fellow exporters
recognised its right to fully regain market
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SOUTH AFRICA MARKETS
South Africa's rand and bonds rallied on Friday as soft
economic growth data in the United States ahead of a speech
by the Federal Reserve chair upped bets the bank could delay
hiking lending rates.
Nigeria's naira was quoted at an all-time low of 412 per
dollar on the parallel market on Friday as a dollar shortage
persists, traders said.
Also, Nigeria's overnight naira interbank lending rate
closed around the 20 percent level on Friday, a range it has
traded all week because of low liquidity and the central
bank's cash withdrawal through treasury bills sales, traders
JAPAN AFRICA SUPPORT
Japanese Prime Minister Shinzo Abe told African leaders on
Saturday that his country will commit $30 billion in public
and private support for infrastructure development,
education and healthcare expansion in the
The Kenyan shilling inched down on Friday due to
dollar demand from the energy sector but traders said flows
from the tourism industry were likely to offer
Kenyan bank shares plunged for a second day on Friday after
President Uhuru Kenyatta sought to boost the economy by
capping lending rates and analysts said his attempt to
encourage lending may prove counterproductive.
Supporters of Gabon's President Ali Bongo and his chief
rival both said on Sunday they were set to win a
presidential election that poses the most serious challenge
yet to the Bongo family's half-century rule in the tiny,