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African Markets – Factors to watch on Sept. 1

The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Friday.
    - - - - -
 EVENTS:
 *Kenya Supreme Court to rule on election case
 
 GLOBAL MARKETS
 Asian equities followed Wall Street's gains overnight and
 edged higher on Friday while the dollar's advance slowed
 ahead of the U.S. jobs report due later in the
 session.                       
 
 WORLD OIL PRICES
 U.S. crude futures fell in Asian trading on Friday, partly
 reversing sharp gains from the previous session, amid
 ongoing turmoil in the oil industry with nearly a quarter of
 U.S. refining capacity offline.                 
 
 EMERGING MARKETS
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 AFRICA STOCKS
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 SOUTH AFRICA MARKETS
 South Africa's rand was slightly weaker on Thursday,
 reversing some earlier losses against a buoyant dollar as
 domestic trade figures showed another surplus and producer
 inflation slowed.            
 
 
 NIGERIA SECURITY
 Britain is considering a request to sell military equipment
 to Nigeria to help it fight Boko Haram Islamist militants,
 Foreign Secretary Boris Johnson said on
 Thursday.             
 
 
 NIGERIA MARKETS
 Nigeria's foreign exchange reserves stood at a two and a
 half-year high of $31.59 billion as of Aug. 18, central bank
 data showed on Thursday.            
 
 
 NIGERIA SECURITY/DISEASE
 Cholera has broken out in northeast Nigeria at a camp for
 people displaced by the eight year conflict with Boko Haram,
 aid group Médecins Sans Frontières said on Thursday,
 bringing disease to communities already underfed and living
 in squalor.                     
 
 
 KENYA MARKETS
 The Kenyan shilling        rose to a five month high against
 the dollar on Thursday driven by hard currency inflows from
 investors abroad into the local debt and equity markets,
 traders said.            
 
 
 KENYA BLAST
 Three civilians were killed after their vehicle ran over a
 landmine on a road near Kenya’s border with Somalia, a
 government official said, in the fifth such incident in the
 area in three months.            
 
 
 KENYA PARLIAMENT
 Kenya's ruling Jubilee party plans to use its majority in
 both houses of parliament to push for austerity in
 government and fund infrastructure projects like railways, a
 top party official said on Thursday.            
 
 
 UGANDA MARKETS
 The Ugandan shilling        was stuck in the same position
 on Thursday as demand for hard currency slowed ahead of a
 long weekend that starts on Friday, which will be a Muslim
 holiday in Uganda.
 
 
 UGANDA INFLATION
 Uganda's year-on-year inflation              edged down to
 5.2 percent in August from 5.7 percent the previous month,
 pushed lower by a slowdown in food prices, the statistics
 office said on Thursday.             
 
 
 TANZANIA CEMENT
 Tanzania Portland Cement Company          (TPCC), majority
 owned by Germany’s Heidelbergcement          , on Thursday
 posted a 45.6 percent drop in first-half profit after an
 output glut in east Africa's second-biggest economy forced
 down cement prices.               
 
 
 ZAMBIA POLITICS
 Zambia faces violence if a national dialogue brokered by the
 Commonwealth between the government and the opposition fails
 to reconcile the two sides, the main opposition leader
 Hakainde Hichilema said on Thursday.             
 
 
 ZAMBIA INFLATION
 Zambia's annual consumer inflation slowed to 6.3 percent in
 August from 6.6 percent July, the Central Statistical Office
 said on Thursday.              
 
 
 IVORY COAST
 Ivory Coast will issue a 80 billion CFA-franc ($146.79
 million) synthetic instrument, the West African nation's
 first, on Sept. 12, to raise financing for its budget, the
 treasury of said on Thursday.            
 
 
 SOMALIA ATTACKS
 Somali government officials said on Thursday that 10 men and
 boys killed in a joint U.S.-Somali raid were civilians and
 that blood money will be paid to the families.              
 
 
 
 SOUTH SUDAN MILITARY
 South Sudan's former army chief is being confined to his
 home for security reasons, the country's defence minister
 said on Thursday.                                           
 
 
 
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