NAIROBI, May 16 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Thursday.
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GLOBAL MARKETS
Asian shares fell on Thursday after the United States hit
Chinese telecoms giant Huawei with severe sanctions,
threatening.
WORLD OIL PRICES
Oil prices rose on Thursday for a third straight session, as
the risk of conflict in the Middle East stoked fears of
supply disruptions, negating an unexpected rise in U.S.
inventories.
EMERGING MARKETS
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AFRICA STOCKS
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KENYA EUROBOND
Kenya has raised $2.1 billion in a new Eurobond that comes
in tranches of 7- and 12-year tenors, in an issue that was
oversubscribed more than four times, the finance ministry
said on Thursday.
NIGERIA MTN
The Nigerian business of South Africa's MTN Group MTNJ.J
said it would start trading its existing shares worth about
$6 billion in Lagos on Thursday, ahead of its plan for a
public offering of new shares to investors in MTN's biggest
market.
ZIMBABWE ECONOMY
Zimbabwe’s Finance Minister announced the rebasing of the
economy on Wednesday, following the adoption of a new
currency earlier this year, and said growth would be slowed
this year by a drought and a cyclone that hit eastern
regions.
SOUTH AFRICA POLITICS
South African President Cyril Ramaphosa said on Wednesday
that he would use a new five-year term to speed up economic
reforms and fix ailing state power firm Eskom, a week after
his African National Congress party was re-elected with a
reduced majority.
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