African Markets - Factors to watch on Dec 5



NAIROBI, Dec 5 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.

- - - - - EVENTS: Release of the S&P Global Kenya Purchasing Managers' Index (PMI) for November. Ghana's finance ministry holds a press conference as it launches a domestic debt exchange in a bid to restore macroeconomic stability. The West African Economic and Monetary Union (UEMOA) will hold a summit in Abidjan with heads of state from its seven member countries.

GLOBAL MARKETS Asian shares extended their rally on Monday as investors hoped steps to unwind pandemic restrictions in China would eventually brighten the outlook for global growth and commodity demand, nudging the dollar down against the yuan. WORLD OIL PRICES Oil prices jumped 2% on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude.

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 rand and South African sovereign bond prices ticked higher on Friday, while stocks fell, after ruling party officials failed to reach a conclusion over whether President Cyril Ramaphosa should stay in power after an inquiry found evidence of misconduct. KENYA MARKETS The Kenyan shilling KES= was stable on Friday but traders said it was likely to keep weakening due to insufficient dollar inflows and sustained demand from importers. MALI POLITICS Choguel Maiga will resume his role as Mali's transitional prime minister on Monday after more than three months of medical leave, according to a decree read on state television on Sunday. GHANA ECONOMY Ghana will launch a domestic debt exchange on Monday, its Finance Minister Ken Ofori-Atta said, expressing confidence that the move would help restore macroeconomic stability and end the West African country's worst economic crisis in a generation. SUDAN POLITICS Former Sudanese president Omar al-Bashir has been moved from prison to hospital to complete some medical treatment, his lawyer Hashim Abu-Bakr said on Sunday. WEST AFRICA SECURITY West African leaders said on Sunday they would establish a regional peacekeeping force to intervene in member states to help restore security and constitutional order in a region that has witnessed several coups in the past two years. NIGERIA POLITICS The anti-establishment candidate for Nigeria's presidency will reform its system of costly subsidies and unify the local naira currency's multiple exchange rates if elected in February, his manifesto released on Sunday showed. ETHIOPIA CONFLICT More than half of Tigrayan forces have withdrawn from the frontlines, the forces' top commander said, a month after a ceasefire agreement aimed at ending the two-year conflict in Ethiopia's northern Tigray region. UKRAINE CRISIS A ship with Ukrainian wheat destined for Ethiopia arrived in port on Saturday, the first vessel to sail as part of a push to send food to countries most vulnerable to famine and drought, President Volodymyr Zelenskiy said. BURKINA FASO SECURITY Burkina Faso's military government has suspended the broadcast of France's RFI radio in the Sahel West African state over what it said were false reports and giving voice to Islamist militants, a statement from the government said on Saturday.

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