The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.
EVENTS:
Ethiopia, African Development Bank sign agreement to raise $7.8 billion for new airport
Kenya turns to public private partnerships to fund projects amid debt crunch
Tanzania's statistics office releases consumer inflation data for July.
GLOBAL MARKETS
Major share indexes crept higher in Asia on Monday as upbeat company earnings underpinned high valuations in the tech sector, while a crucial report on U.S. inflation would likely set the course of the dollar and bonds.
WORLD OIL PRICES
Oil prices fell in early Asian trading on Monday, extending declines of more than 4% last week on higher U.S. tariffs on its trading partners, an OPEC output hike, and expectations the U.S. and Russia were moving closer to a Ukraine ceasefire pact.
SOUTH AFRICA MARKETS
The South African rand was little changed on Friday as investors awaited details of President Cyril Ramaphosa’s telephone call with his U.S. counterpart President Donald Trump on bilateral trade.
CHAD POLITICS
Chad's former Prime Minister and opposition leader Succes Masra has been sentenced to 20 years in prison after he was convicted of disseminating racist and xenophobic messages that incited violence, his lawyer told Reuters on Saturday.
