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African Markets – Factors to watch on Aug. 28

The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Monday.
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 GLOBAL MARKETS
 U.S. gasoline futures hit a two-year high on Monday after
 Hurricane Harvey pummeled the heart of America's energy
 industry, while the euro hit a 2-1/2-year peak after the
 European Central Bank President refrained from talking down
 the single currency.                       
 
 WORLD OIL PRICES
 Oil markets were roiled on Monday after Hurricane Harvey
 wreaked havoc along the U.S. Gulf coast over the weekend,
 knocking out numerous refineries and some crude
 production.                 
 
 EMERGING MARKETS
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 AFRICA STOCKS
 For the latest news on African stocks, click on     
 
 
 
 SOUTH AFRICA MARKETS
 South Africa's rand firmed on Friday as the dollar fell
 after Federal Reserve Chair Janet Yellen made no reference
 to U.S. monetary policy in her speech at a central bankers'
 meeting.            
 
 
 NIGERIA MARKETS
 Nigeria's overnight lending rate dropped to 12 percent on
 Friday after spiking to almost 100 percent on Wednesday due
 to a liquidity squeeze as lenders paid for hard currency and
 treasury bills purchased from the central bank, traders
 said.            
 
 
 NIGERIA SECURITY/CAMEROON
 Suspected Boko Haram militants sprayed a village in remote
 Cameroon with automatic fire, killing 15 people and
 kidnapping eight others in an overnight raid near the
 Nigerian border, several officials said on
 Friday.             
 
 
 KENYA MARKETS
 The Kenyan shilling        was stable against the dollar on
 Friday as the market awaited a Supreme Court ruling on an
 opposition petition against the re-election of President
 Uhuru Kenyatta, traders said.            
 
 
 GHANA BONDS
 The Bank of Ghana said the yield on its weekly 91-day bill
 rose to 13.19 percent at an auction on Friday, from 12.63
 percent at the last such sale on Aug. 18.                
 
 
 UGANDAN MARKETS
 The Ugandan shilling        was unchanged on Friday, drawing
 support from hard currency flows from exporters of coffee
 and other agricultural commodities.            
 
 
 UGANDA POLITICS
 A top Ugandan musician-turned-legislator says he wants to
 use his star power to spark "political change" in a country
 where President Yoweri Museveni has ruled for 31 years and
 parliament plans to introduce a bill to allow him to run
 again.             
 
 
 SOUTH SUDAN-UNREST
 A United States citizen working in South Sudan as a
 freelance journalist was among 19 people killed on Saturday
 during fighting between government troops and rebels in Yei
 River state, the rebels and the military said.            
 
 
 ANGOLA ELECTIONS
 The leader of Angola’s main opposition party called on the
 country's electoral commission on Saturday to explain how it
 compiled provisional election results giving the ruling MPLA
 party a landslide victory.              
 
 
 SOMALIA SECURITY
 A senior commander in al Shabaab, Somalia's al
 Qaeda-affiliated Islamist rebels, was killed last month in a
 U.S. airstrike, the group said on Saturday in an online
 statement.            
 
 
 SOMALIA ATTACK
 Somali families are refusing to bury the bodies of 10 loved
 ones, including three children, until the government takes
 responsibility for killing them in a U.S.-backed military
 raid, officials said on Sunday.            
 
 
 ZAMBIA MINING
 Zambian President Edgar Lungu has told Glencore GLEN.L's
 Mopani Copper Mines (MCM) unit to accept higher electricity
 prices caused by the removal of state energy subsidies, his
 spokesman said on Saturday.            
 
 
 BOTSWANA BANKING
 Botswana has taken a significant step towards establishing
 its first home-grown commercial bank, a development that
 will add a new player in an industry that the International
 Monetary Fund (IMF) says is already crowded.            
 
 
 ZIMBABWE MUGABE
 Zimbabwe's first lady, Grace Mugabe, on Friday made her
 first public appearance since leaving South Africa where she
 was charged with assault.             
 
 
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