African Markets - Factors to watch on October 14

By Reuters News

NAIROBI, Oct 14 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday.

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EVENTS:

*Uganda's central bank to hold an emergency monetary policy committee meeting.

GLOBAL MARKETS

Asian shares inched higher on Wednesday as those related to artificial intelligence found respite after a selloff, while any gain was tempered by elevated oil prices and caution ahead of U.S. inflation data later in the global day.MKTS/GLOB

WORLD OIL PRICES

Oil prices climbed on Wednesday as traders weighed supply risk from fighting between Yemen's Iran-allied Houthis and Saudi Arabia against the prospect of increased diesel from Russia.O/R

AFRICA STOCKS

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SOUTH AFRICA MARKETS

The South African rand edged up in early trade on Tuesday as investors awaited domestic mining production data, while markets looked ahead to US inflation figures for fresh signals on the Federal Reserve's interest-rate trajectory.

NIGERIA DANGOTE REFINERY FINANCIAL RESULTS

Nigeria's Dangote Petroleum Refinery, which is seeking to raise $1.6 billion in what would be Africa's biggest IPO, swung to a net profit in the first nine months of 2026 as revenue more than doubled, according to unaudited results released on Tuesday.

NIGERIA SHELL

Shell SHEL.L said on Tuesday it has signed an agreement to sell its full interest in the Shell Nigeria Gas Group, which operates a domestic gas distribution business in the country, to Vaaris Energy.

UGANDA FOREIGN EXCHANGE RESERVES

Uganda's foreign exchange reserves surged 56% year-on-year in the year to June, the central bank said, adding that it also intends to boost gold purchases in the fiscal year ending in June 2027 to further diversify the reserves.

SENEGAL DEBT

International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday that she was optimistic that Senegal would be able to renegotiate its debts, and that would demonstrate that improvements to the G20 debt treatment framework are working.

ETHIOPIA SECURITY

Ethiopian government troops have advanced to a town on the border with Eritrea previously controlled by Tigrayan rebels, people in touch with residents said on Tuesday, as diplomats scrambled to avert war between the Horn of Africa neighbours.

MAURITIUS SECURITY

Mauritius announced a curfew in some parts of the country on Tuesday night, following unrest over the shooting of a woman by a police officer.

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