African Markets - Factors to watch on September 30

By Reuters News

NAIROBI, Sept 30 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday.

- - - - -

EVENTS:

*Nigeria's Dangote Group and East African governments, are scheduled to break ground on the construction of a 700,000 barrels per day refinery at Lamu along Kenya's southern coastline.

*Kenya and Uganda's statistics offices expected to release their respective consumer inflation data for September.

*Kenya's statistics office due to release economic growth data for second quarter of 2026 anytime starting on Wednesday.

GLOBAL MARKETS

Global bonds wobbled on Wednesday and were set for their worst month in years, hit by a toxic mix of deteriorating government finances, a glut of issuances and rising inflation as the seven-month-old US-Israeli war on Iran keeps energy costs elevated.MKTS/GLOB


WORLD OIL PRICES

Oil prices rose on Wednesday after US President Donald Trump denied he would be willing to ease sanctions on Iran while Qatar pushed for peace talks, after falling in the previous session on a recovery in crude supply from the Middle East.O/R


AFRICA STOCKS

For the latest news on African stocks, click on .J

SOUTH AFRICA MARKETS

The South African rand was little changed on Tuesday as investors weighed lower oil prices, higher gold prices and domestic economic data for clues about the health of Africa's largest economy.


NIGERIA DANGOTE FERTILISER

Nigerian businessman Aliko Dangote said on Tuesday he hopes to list his group's fertiliser company Dangote Fertiliser Ltd sometime next year.


NIGERIA DANGOTE REFINERY IPO

Aliko Dangote said on Tuesday that investor demand for his ongoing Lagos refinery share sale was "enormous", as the Nigerian pressed ahead with plans for a $16 billion refinery in Kenya that would extend his energy empire across Africa.


KENYA PETROLEUM REFINERY

Kenya's President William Ruto said on Tuesday in a post on X that the Kenyan government would have a stake in Dangote's Lamu oil refinery project and that ordinary Kenyans would be able to own shares via the Nairobi Securities Exchange.


SOMALIA PIRACY

Somali pirates killed five crew members of the hijacked MT Honour 25 petroleum products tanker before it was rescued by security forces, Somalia's semi-autonomous state of Puntland said on Tuesday.

GHANA MINING

Ghana's Environmental Protection Authority has issued a pre-closure notice to Chinese-owned Cardinal Namdini Mining over an alleged unreported accident as it ramps up enforcement across the mining sector, a senior regulator said.


DEMOCRATIC REPUBLIC OF CONGO MINING

Democratic Republic of Congo will subject major mining companies to annual audits of subcontracting practices and compliance with local-content requirements from 2027, as authorities step up efforts to increase business for Congolese-owned firms, the head of the country's subcontracting regulator told Reuters.


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/R

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.