Feb 27 (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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EVENTS: Ethiopia's Prime Minister Abiy Ahmed is expected to visit Somalia, following a visit by his counterpart President Hassan Sheikh Mohamud to Ethiopia last month, the strongest sign yet of improving relations between the two neighbours. GLOBAL MARKETS The U.S. dollar firmed in early Asian hours on Thursday as Treasury yields ticked higher while investors assessed the outlook for tariffs and the economy under President Donald Trump. MKTS/GLOB WORLD OIL PRICES Oil prices climbed for the first time in three days on Thursday, with supply worries resurfacing after U.S. President Donald Trump announced a reversal of a license given to Chevron CVX.N to operate in Venezuela. O/R EMERGING MARKETS For the top emerging markets news, double click on nTOPEMRG AFRICA STOCKS For the latest news on African stocks, click on .J SOUTH AFRICA MARKETS South Africa's rand was stable on Wednesday as markets awaited U.S. gross domestic product data and an inflation reading later this week. KENYA MARKETS Kenya's shilling rebounded against the dollar on Wednesday after losing ground slightly in the previous session, data from the London Stock Exchange Group showed. GUINEA-BISSAU RUSSIA President Vladimir Putin hosted Guinea-Bissau President Umaro Sissoco Embalo for talks in the Kremlin on Wednesday, the latest sign of a drive by Moscow to build up economic and security relationships with countries in west and central Africa. CONGO MINING The Democratic Republic of Congo is considering introducing cobalt export quotas as the world's biggest supplier of the battery metal seeks to curb oversupply and boost prices, three sources familiar with the details told Reuters. CONGO SECURITY International sanctions against Rwanda will reduce the incentive for Kinshasa to engage in peace talks with M23 rebels who have made lightning advances in eastern Congo this year, a proscribed Rwandan minister has said. For the latest precious metals report click on GOL/ For the latest base metals report click on MET/L For the latest crude oil report click on O/L |
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