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African Markets - Factors to watch on November 5

By Reuters News

NAIROBI, Nov 5 (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:

*Kenya's leading telecoms operator Safaricom SCOM.NR is due to release its half-year earnings results for the period to end-September.


GLOBAL MARKETS

Oil, chip stocks and the dollar were under pressure in Asia on Thursday and just about everything else was up after US voters swept the Democrats to a series of stunning midterm election wins, a result that raised hopes for an end to the US-Iran war.MKTS/GLOB


WORLD OIL PRICES

Oil prices fell for a fourth day on Thursday on expectations the losses US President Donald Trump's Republican Party suffered in Congressional elections this week may reduce the risk of further escalation of the US-Israeli war on Iran.O/R


AFRICA STOCKS

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


NIGERIA DEBT

Nigerian President Bola Tinubu has asked lawmakers to approve a new $7.7 billion external borrowing plan to help fund projects and programmes in the 2026 budget and support the government's economic reform agenda.


NIGERIA DANGOTE REFINERY IPO

Nigeria's Dangote has held talks with African stock exchanges about broadening access to its $1.6 billion refinery IPO beyond its home market, the head of West Africa's regional bourse said, but regulatory differences have complicated the effort.


NAMIBIA DANGOTE PETROLEUM

Nigerian billionaire Aliko Dangote launched a $2.5 billion fuel storage and regional pipeline project in Namibia's Walvis Bay on Wednesday that could reshape the fuel supply architecture in Southern Africa.

KENYA PMI

Kenya's private sector activity expanded for a second month in a row, helped by improved performance in the manufacturing sector, although rising inflation was a concern, a survey showed on Wednesday.


KENYA WORLD BANK

Kenya's government should tackle corruption to boost economic growth and raise incomes, the World Bank said on Wednesday, as it raised its growth forecast for this year after a stronger-than-expected first half.


GHANA INFLATION

Ghana's annual inflation rate GHCPIY=ECI rose for the third month in a row in October, but the increase was smaller than expected and kept inflation below the central bank's target band.

IVORY COAST COCOA

Ivory Coast's 2026/27 cocoa mid-crop could almost halve after weak and erratic El Nino-linked rains in October did little to help flowering and pod development, according to exporters, pod counters and cooperatives.


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