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The following announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets.

GLOBAL MARKETS

 Most Asian stock markets slipped on Monday after three consecutive weeks of gains as a retreat in oil prices made investors cautious, but losses were tempered by hopes that China may soon cut interest rates again as pressure on the Yuan eases.

             

 SOUTH AFRICA MARKETS

 South African financial markets is closed for a national holiday on Monday, March 21. Trading in Johannesburg will resume on Tuesday.   

         

 NIGERIA ECONOMY

Nigerian exports slumped 40.3 percent last year after a fall in crude prices slashed government revenues, weakened the currency and caused the economy to grow at its slowest pace in decades, the national bureau of statistics (NBS) said Nigeria's overnight interbank lending rate inched up marginally week-on-week to an average 6 percent on Friday, up from 5.5 percent last week, as the naira cash level dropped after payment for bonds and treasury bills purchases.  

          

 KENYA MARKETS

 Kenya's shilling was stable in early trading on friday, supported by inflows of foreign exchange from charities and horticultural exports that helped meet demand for dollars from energy and telecom firms.            

 SOUTH AFRICA BUDGET

 South Africa's ruling party has full confidence in President Jacob Zuma, its Secretary General Gwede Mantashe said on Sunday after a three-day party summit following allegations of political interference by Zuma's business friends.

            

 EAST AFRICA OIL

 Kenya and Uganda's presidents and oil company executives will meet on Monday to hold further discussions on a route for a pipeline to transport the two countries' oil, the Kenyan president's spokesman said on Sunday.  

            

 TANZANIA ELECTIONS

 Tanzania's semi-autonomous Zanzibar archipelago went to the polls on Sunday amid tight security in a re-run of disputed elections that have been boycotted by the main opposition party.   

          

 CONGO ELECTIONS

 Police fired tear gas at opposition supporters in Congo Republic on Sunday, witnesses said, after voting ended in a poll expected to see long-time leader Denis Sassou Nguesso extend his three-decade rule.            

  Source: Reuters

 (by Edith Honan)

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