African Markets - Factors to watch on June 30



NAIROBI, June 30 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.

- - - - - EVENTS: *KENYA - The statistics office is due to release gross domestic product data for first quarter 2022 and consumer inflation data for June. *UGANDA - The statistics office is due to release consumer inflation data for June. GLOBAL MARKETS Asian shares were ending a rough quarter in a sombre mood on Thursday amid fears central banks' cure for inflation will end up sickening the global economy, though it is proving to be a fillip for the safe-haven dollar and government bonds. WORLD OIL PRICES Oil prices edged higher on Thursday after dipping in early Asian trade, as concerns about global supply tightness outweighed a build in U.S. gasoline and distillate inventories. 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 The South African rand fell against the dollar on Wednesday after struggling state electricity company Eskom warned that the power system would remain constrained and vulnerable to additional breakdowns. KENYA MARKETS Kenya's shilling KES= weakened on Wednesday due to increased demand from oil companies and others in the energy sector, traders said. KENYA IMF The board of the International Monetary Fund will meet next month to consider the latest review of Kenya's performance in its current lending programme, a senior fund official said, potentially unlocking a $239 million tranche.

DEMOCRATIC REPUBLIC OF CONGO IMF The International Monetary Fund said on Wednesday its Executive Board approved an immediate disbursement of $203 million to Democratic Republic of Congo to support balance-of-payments needs after completing a review of its Extended Credit Facility loan program. CAMEROON IMF The International Monetary Fund said on Wednesday its staff had reached an agreement with Cameroon on the second review of its loan programs that could lead to the disbursement of $73.6 million if approved by the Fund's Executive Board. GHANA ECONOMY Hundreds marched in Ghana's capital Accra on Wednesday in a second day of protests over spiralling inflation and other economic woes after a first day ended in clashes with police.

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