Friday.
EVENTS
MAURITIUS - Central bank auctions Treasury bills of all maturities.
GLOBAL MARKETS
Asian shares dipped on Friday but were still poised to score a solid weekly gain of about 4
percent while the Swiss franc edged higher as market players booked profits ahead of a key U.S.
jobs report.
WORLD OIL PRICES
Brent crude was steady above $114 a barrel, headed for its second straight weekly gain, while
investors eyed key U.S. jobs data for clues on whether the world's largest oil consumer would be
able to dodge a recession and leave demand growth intact.
EMERGING MARKETS
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AFRICA STOCKS
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AFRICA FIXED INCOME
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AFRICA CURRENCIES
Kenya, Uganda and Tanzania's shillings all look likely to weaken next week, possibly to life-time
lows against the dollar, amid soaring inflation and strong demand for hard currency from fuel
importers.
AFRICA MONEY COLUMN
Over the long term, so the theory runs, democracy brings stability to societies and economies as
decision-making becomes more predictable and transparent. Africa's recent experience suggests
that, in the short term, the opposite can also be true.
SOUTH AFRICA MARKETS
South Africa's bonds firmed across the curve after PMI data showed the manufacturing sector
contracted for the second month in August, supporting the case for accommodative monetary
policy.
NIGERIA BANKS
Nigeria's Access Bank said it will spend 50 billion naira ($323 million) to acquire a 75 percent stake in rescued rival Intercontinental Bank and combine both firms' operations within 12 months of the merger.
NIGERIA SECURITY
At least 22 people died in clashes between Christian and Muslim youths and security forces in
the restive Nigerian city of Jos, a local mortuary official said, in the second day of violence there
this week.
KENYA MARKETS
* Kenya's interbank lending rate tumbled to 19.2515 percent on Tuesday from 27.7299
percent the previous day.
* The weighted average yield on Kenya's 91-day Treasury bill edged up at auction.
UGANDA MOBILE TARIFFS
Mobile phone operator MTN Uganda, a unit of South African group MTN , has raised tariffs by up to 100 percent due to rising costs, it said, pointing to more inflationary pressures for east Africa's third largest economy.
TANZANIA T-BILLS
The weighted average yield on Tanzania's 91-day Treasury bill rose to 5.25 percent at auction this week from 5.07 percent.
GHANA RATES
The Bank of Ghana left its prime rate unchanged at 12.50 percent after considering signs that the economy has picked up, confounding most analysts' expectations of a 50 basis points cut.
GHANA MARKETS
Shares in pan-African bank Ecobank Transnational Incorporated slipped to their lowest level in over a year in thin trade, dragging Ghana's GSE Composite Index down, 7.99 points, or 0.69 percent, to 1,137.13 points.
ZIMBABWE LAW
Zimbabwe's empowerment law, which requires foreign miners to transfer 51 percent equity stakes in local entities to black investors, is "flexible" and does not aim to seize or nationalise assets, a government official said.
SOUTH SUDAN OIL
South Sudan is exploring alternatives to transporting its oil through North Sudan, as the two countries face a stalemate over dividing up oil revenues, a government official said.
SOUTH SUDAN CURRENCY
South Sudan has converted more than 75 percent of the currency that was in circulation into new South Sudanese pounds after splitting away from the rest of Sudan in July, the south's newly appointed central bank governor said.
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