African Markets – Factors to watch on APRIL 18 | News by Country

    NAIROBI, April 18 (Reuters) - The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
Wednesday.
    - - - - -
 EVENTS:
 *Gabon holds legislative elections that were due to take
 place in December 2016 and then again on July 9, 2017 and
 were postponed due to lack of funds.
 *The World Bank launches its report for Sub-Saharan Africa.
 *Nigeria holds its weekly cabinet meeting, usually chaired
 by President Muhammadu Buhari, with Vice President Yemi
 Osinbajo sometimes standing in.
 
 GLOBAL MARKETS
 Asian shares crept ahead on Wednesday after Wall Street took
 heart from upbeat corporate earnings, though nagging
 concerns about trade barriers and the global growth outlook
 kept currencies and bonds subdued.                       
 
 WORLD OIL PRICES
 Oil prices edged up on Wednesday, lifted by a reported fall
 in U.S. crude inventories and by the ongoing risk of supply
 disruptions.                 
 
 EMERGING MARKETS
 For the top emerging markets news, double click on
            
 
 AFRICA STOCKS
 For the latest news on African stocks, click on     
 
 SOUTH AFRICA MARKETS
 South Africa's rand gained on Tuesday to below the crucial
 12 per U.S. dollar level as rand bulls were encouraged by
 the announcement of an investment drive by President Cyril
 Ramaphosa and an improving economic outlook.            
 
 SOUTH AFRICA ECONOMY
 *The International Monetary Fund on Tuesday lifted South
 Africa's economic growth forecast for the next two years
 citing the election of a new political leadership, but
 warned growth would underperform if no economic reforms were
 carried out.             
 *South African President Cyril Ramaphosa appointed a team of
 business and finance experts on Monday to scour the globe
 for $100 billion in investment to boost the ailing
 economy.            
 
 NIGERIA OIL
 Nigerian oil company Oando            climbed to a
 nine-month high on Tuesday, its fourth straight rise after
 regulators lifted a trading suspension on its
 shares.            
 NIGERIA SECURITY
 Nigerian police fired teargas at hundreds of Shi'ite Muslim
 protesters on Tuesday during a second day of clashes in the
 capital Abuja over the imprisonment of their religious
 leader, Reuters witnesses said.                     
 KENYA MARKETS
 The Kenyan shilling        strengthened to its highest level
 against the dollar since May 2016 on Tuesday, traders
 said.            
 
 KENYA RATES
 Kenya could modify or scrap a law that caps commercial
 lending rates, President Uhuru Kenyatta said on Tuesday,
 recognising that access to credit for small and medium
 enterprises had dried up as a consequence.               
 GHANA INFLATION
 Ghana aims to bring inflation down to single digits in 2018
 at around 8.9 percent, President Nana Akufo-Addo said on
 Tuesday.            
 
 DEMOCRATIC REPUBLIC OF CONGO AID
 Democratic Republic of Congo plans to set up a special fund
 to manage all aid donations under a new draft law, its
 cabinet said on Tuesday, a week after it failed to show up
 at an international donors conference.            
 
 ALGERIA IMPORTS
 Algeria's government has temporarily reversed a ban on
 imports of some raw materials for its food industry after
 shortages hit local firms, the trade ministry said on
 Tuesday.            
 
 ALGERIA ENERGY
 Eni ENI.MI plans "billions" of investments in Algeria over
 the next three years, the company's CEO said on Tuesday, as
 the Italian energy firm said it had agreed to extend its
 partnership with Algerian state firm Sonatrach.            
 UGANDA DEBT
 Uganda said on Tuesday it intends to borrow a total of $412
 million from the World Bank and China's Exim Bank to fund
 projects in education, health and energy
 sectors.             
 
 TANZANIA INTERNET
 Tanzania briefly detained two musicians, including one of
 the country's most popular singers, after they posted video
 clips deemed obscene by the authorities, in the latest
 crackdown on social media users.            
 
 MOZAMBIQUE DEBT
 Mozambique will assume responsibility for debt incurred by
 previous administrations, but there needs to be a shared
 responsibility by those providing the loans, President
 Filipe Nyusi said on Tuesday.            
 
 MALAWI INFLATION 
 Malawi's consumer price inflation quickened to 9.9 percent
 year on year in March from 7.8 percent in February, official
 data showed on Tuesday.                          
 
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