African Markets Synopsis Today March, 27

Enterprise Television- African Markets Synopsis Today March, 27

The following company announcements, scheduled economic indicators, debt and currency market moves which may affect African markets Today.

EMERGING MARKETS

For the top emerging markets news.

NIGERIA’S CORRUPTION

The west African: Nigeria and Switzerland signed a memorandum  of understanding on Monday to pave the way for the return of  illegally acquired assets.

SOUTH AFRICA’S ECONOMY

Country announce: South Africa’s rand raced to a one-month  high against the dollar on Monday and government bonds firmed  as investosr heered Moody’s decision to change the country’s  credit outlook to stable from negative.

South Africa’s former president Jacob Zuma was due to appear in court on April 6 to face charges of corruption in a years-old $2.5 billion arms deal, although he will legally challenge the decision to prosecute him, his lawyer announced  on Monday.

 KENYA’S MARKETS

Traders reports that, the Kenyan shilling strengthened   against the dollar on Monday supported by inflows from foreign investors interested in government debt and select stocks at the Nairobi stock exchange.

IVORY COAST’S COCOA

Cocoa arrivals at ports in top grower Ivory Coast reached about 1.353 million tonnes between Oct. 1 and March 25, exporters estimated on Monday, down five percent from 1.425 million tonnes in the same period last season.

ANGOLA’S CORRUPTION

The prosecutor general’s office reported on Monday: The son of Angola’s ex-president, José Filomeno dos Santos, has been charged with fraud relating to a $500 million transaction out of an account belonging to the central bank.

 

 

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