NAIROBI, Oct 7 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. – – – – – GLOBAL MARKETS Political upheaval in Japan and France gripped currency and bond markets for a second day running on Tuesday, while global shares stuttered despite a multi-billion dollar chip-supply deal between AMD and OpenAI. WORLD OIL PRICES Oil prices were steady on Tuesday, with sentiment toward a smaller-than-anticipated OPEC+ output hike dulled by weakening global demand and the potential for a supply glut. EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on South African stocks, click on SOUTH AFRICA MARKETS The South African rand weakened on Monday as global investors weighed how long the United States' government shutdown will last and its potential impact. MADAGASCAR POLITICS Madagascar President Andry Rajoelina named army General Ruphin Fortunat Zafisambo as prime minister on Monday, a week after dissolving the government in response to ongoing protests over power and water shortages. NIGERIA BUDGET The African Development Bank (AfDB) will lend Nigeria $500 million this year as part of a $1 billion budget support programme, following economic reforms introduced by President Bola Tinubu, an executive director of the bank said on Monday. TANZANIA POLITICS Tanzanian opposition leader Tundu Lissu went on trial for treason on Monday in the capital Dar es Salaam, weeks before the East African country holds an election that his party has been barred from contesting. IVORY COAST COCOA Below-average rains mixed with sunny spells across Ivory Coast's main cocoa regions last week are expected to improve the size and quality of the October-to-March main crop by maintaining good moisture, farmers said on Monday. KENYA DEBT Kenya is setting up a sovereign wealth fund and an infrastructure fund, President William Ruto said, to invest in key sectors without repeating a debt binge that has strained public finances in recent years. DEMOCRATIC REPUBLIC OF CONGO COBALT The Democratic Republic of Congo will permanently ban cobalt exporters that violate its new quota system, President Felix Tshisekedi has warned, as the world's top producer tightens controls to curb fraud and stabilize prices. For the latest precious metals report click on For the latest base metals report click on For the latest crude oil report click on
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
