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African Markets - Factors to watch on November 13

By Reuters News

NAIROBI, Nov 13 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday.

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GLOBAL MARKETS

Stocks in Asia were on steadier footing on Friday after a turbulent week dominated by revelations of extramarital affairs involving Nvidia CEO Jensen Huang that culminated in his resignation, in a blow to the global AI boom he helped advance.MKTS/GLOB


WORLD OIL PRICES

Oil prices were mixed on Friday, but set for their second weekly decline, as the US plans to continue its Iranian blockade, reducing the chance of renewed large-scale fighting that could disrupt Middle East supplies, though attacks on shipping remain a danger.O/R


AFRICA STOCKS

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SOUTH AFRICA MARKETS

The South African rand softened in early trade on Thursday as a stronger dollar and growing expectations of a further Federal Reserve rate hike weighed on risk-sensitive currencies, while investors awaited domestic mining production data.


AFRICA CURRENCIES

The currencies of Ghana and Zambia are expected to weaken against the dollar over the next week to Thursday, while those of Kenya, Nigeria and Uganda may be little changed, traders said.


GHANA ECONOMY

Ghana will invest $10 billion over four years from 2027 in a domestically funded "New Economy" programme to boost output, exports and jobs, Finance Minister Cassiel Ato Forson said late on Thursday as he presented the 2027 budget.


GHANA IMF

The International Monetary Fund on Thursday said its engagement with Ghana was shifting from crisis response to supporting further reforms and building longer-term resilience, noting the West African nation's growth had exceeded expectations.


SENEGAL IMF

The International Monetary Fund on Thursday underscored the importance of Senegal implementing policies that it had agreed under a staff agreement for a $2.2 billion lending program, including completion of a budget framework.


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