African Markets - Factors to watch on September 14

By Reuters News

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

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EVENTS:

*NIGERIA - Order books for the initial public offering of Nigeria's Dangote oil refinery, Africa's biggest ever share sale, due to open.


GLOBAL MARKETS

Share markets slid in Asia on Monday, dragged down by AI stocks, while supply concerns in the Middle East caused oil prices to spike anew, and investors braced for likely interest rate hikes in both the United States and Japan this week.MKTS/GLOB


WORLD OIL PRICES

Oil prices rose more than 3% on Monday, after new Houthi strikes on Saudi Arabia and Iranian attacks on ships in the Gulf compounded supply concerns following the closure of a key Saudi oil pipeline.O/R

AFRICA STOCKS

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SOUTH AFRICA MARKETS

The South African rand edged up in early trade on Friday, ahead of the release of a key U.S. inflation report later in the day.


NIGERIA DANGOTE REFINERY

Nigeria’s Dangote refinery has bought at least 16 million barrels of Nigerian crude for October arrival, according to four industry sources, in line with recent months and much higher than last year's average as Africa's largest refinery ramps up processing.


KENYA DIAGEO ASSET SALE

Kenya's competition authority has approved an application from Japan's Asahi Group Holdings Limited 2502.T to acquire sole control of Diageo's assets in Kenya, the authority said on Friday.


SENEGAL DEBT

Senegal's newly formed bondholder group said on Friday it will push for a debt treatment that is fair, sustainable and underpinned by credible economic assumptions and policy commitments.


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