African Markets - Factors to watch on July 5



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

- - - - - EVENTS: Kenya is scheduled to host heads of state from the East African regional bloc known as the Intergovernmental Authority on Development (IGAD) for a summit. Release of the Kenya Purchasing Managers' Index (PMI) data for June. The Bank of Uganda's monetary policy committee (MPC) will hold a special meeting and issue its latest policy rate. GLOBAL MARKETS Asian shares inched up on Tuesday morning as positive economic data and hints of easing Sino-U.S. tensions offered some respite to the recent sell-offs, though persistent fears about a global recession and sky-high inflation kept most buyers at bay. WORLD OIL PRICES Brent oil prices were little changed on Tuesday, reversing earlier gains of $1, as investors weighted supply concerns, highlighted by a potential production cut in Norway, and worries about a possible global recession curtailing fuel demand. EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on African stocks, click on SOUTH AFRICA MARKETS South Africa's rand was flat against the dollar on Monday, helped by a quiet trading session amid a holiday in the United States, while stocks rose on higher oil prices as worries over tight supply outweighed recession fears. KENYA MARKETS Kenya's shilling KES= was stable but remained under pressure as oil importers and the manufacturing sector sought dollars against a trickle of hard currency, traders said on Monday. SUDAN POLITICS Sudan's military leader General Abdel Fattah al-Burhan said on Monday the army would not participate in internationally led dialogue efforts to break its stalemate with the civilian opposition, and urged political and revolutionary groups to start talks to form a transitional government.

BURKINA SECURITY Armed assailants killed at least 22 civilians in northwest Burkina Faso on Monday, a local official said, the latest deadly attack in an area marred by militant activity. GUINEA MINING Guinea's mines minister has ordered all work related to the Simandou iron ore mine project to be halted after the two companies involved missed an extended deadline to agree on a joint venture, a letter seen by Reuters showed on Monday. CONGO-RWANDA RELATIONS Democratic Republic of Congo's President Felix Tshisekedi will meet his Rwandan counterpart Paul Kagame for talks in Angola this week, officials said on Monday. NIGERIA FUEL Now is the wrong time to remove Nigeria's costly fuel subsidy, Information Minister Lai Mohammed said on Monday, noting many other nations were introducing measures to help citizens cope with high oil energy prices. TANZANIA RAILWAY

Tanzania said on Monday it had signed an agreement with a Turkish firm, Yapi Merkezi, to build a $900 million modern railway line as part of the country's efforts to upgrade transportation links and boost trade with its neighbours. GHANA DEBT A delegation from the International Monetary Fund (IMF) is scheduled to arrive in Accra on Tuesday to start talks with Ghanaian government representatives over an economic support package, Ghana's finance ministry said on Monday. KENYA FINANCE

Kenya on Monday opened the Nairobi International Financial Centre (NIFC), with a goal of attracting investment of more than $2 billion by 2030, and of setting up East Africa's first carbon exchange. IVORY COAST COCOA Above average rainfall last week in some of Ivory Coast’s cocoa growing regions will help cocoa trees to produce more flowers but more sunshine would be needed to strengthen the development of the next main crop, farmers said on Monday. CONGO EBOLA The Democratic Republic of Congo has declared the end of its 14th Ebola outbreak after less than three months, the World Health Organization (WHO) said on Monday. NAMIBIA HYDROGEN The European Union is planning a deal with Namibia to support the country's nascent green hydrogen sector and boost its own imports of the fuel, EU and Namibian officials said, as the bloc works to reduce its dependence on Russian energy.

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