NAIROBI – The following company announcements, upcoming economic indicators, debt and currency market movements, and political events could impact African markets on Wednesday.
world market
Asian stocks fell for a fourth consecutive session on Wednesday as war-induced inflation concerns hit bonds, while investors awaited earnings from Nvidia to see if it would help the world’s most valuable company weather rising borrowing costs in the market.
world oil prices
Oil prices fell on Wednesday after US President Donald Trump reiterated that the war with Iran will end “very quickly,” but investors remain wary of the outcome of peace talks as the conflict continues to disrupt supplies in the Middle East.
emerging market
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SOUTH AFRICA MARKET The South African rand fell on Tuesday as investors watched developments in the Middle East after US President Donald Trump suspended plans to attack Iran.
Ebola in the Democratic Republic of the Congo Twenty-six more suspected Ebola deaths have been recorded in the eastern Democratic Republic of the Congo in a 24-hour period, authorities said Tuesday, and the World Health Organization chief expressed deep concern about the spread of the outbreak.
Rwanda – Mozambique Security Rwanda’s foreign minister said on Tuesday that Mozambique had secured funding to continue deploying Rwandan troops in the insurgency-hit and gas-rich Cabo Delgado province.
Kenya fuel price hike strike Kenya’s public transport strike over fuel price hikes sparked by the Iran war was called off on Tuesday after the government reached a tentative agreement with associations representing bus and minibus owners.
Nigeria’s security Nigeria’s military, in cooperation with the United States, has killed 175 Islamic State militants in a series of joint air and ground strikes in the country’s northeast in recent days, the country’s national defense headquarters said on Tuesday. West African Crude Oil Prices West African crude oil prices were little changed to Brent crude on Tuesday after Brent crude oil futures fell slightly on Tuesday after US President Donald Trump said he was suspending a planned military attack on Iran.
Somaliland-Israel Relations Somaliland, a breakaway region of Somalia, will soon establish an embassy in Jerusalem, its ambassador announced on Tuesday, after Israel became the first country to officially recognize the self-declared republic.
