African Markets - Factors to watch on Jan 13

Reuters01-13
African Markets - Factors to watch on Jan 13

NAIROBI, Jan 13 (Reuters) - The following debt and currency market moves and political events may affect African markets on Tuesday.

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GLOBAL MARKETS

A surge in Japanese shares led Asia higher on Tuesday amid investor bullishness over all things AI, while the cloud of uncertainty over Federal Reserve independence favoured gold even as it weighed on the dollar.MKTS/GLOB nL4N3YD1XU

WORLD OIL PRICES

Oil prices edged higher on Tuesday, as heightened concerns surrounding Iran and potential supply disruptions outweighed the prospect of increased crude supply from Venezuela.O/R nL4N3YD1RM

EMERGING MARKETS

For the top emerging markets news, double click on nTOPEMRG

AFRICA STOCKS

For the latest news on South African stocks, click on .J

SOUTH AFRICA MARKETS

The South African rand gained on Monday, helped by gold prices reaching another record high.nL8N3YD05N

WEST AFRICA OIL

West African crude oil differentials were stable as traders assessed a market still weighed down by high freight costs.nL8N3YD1L2

UGANDA COFFEE

Uganda's coffee exports jumped 60.3% in November compared with the same month a year earlier, helped by a bountiful harvest in some parts of the country, the agriculture ministry said in a report.nL8N3YD03U

SOMALIA-UNITED ARAB EMIRATES RELATIONS

Somalia's government said on Monday it is annulling all agreements with the United Arab Emirates, including port deals and defence and security cooperation, accusing the UAE of undermining its national sovereignty.nL8N3YD1KB

GHANA DEBT

Ghana's government paid $1.47 billion in 2025 to clear legacy energy sector debts, restoring a depleted World Bank guarantee and settling arrears with power producers, the West African nation's finance ministry said on Monday.nL8N3YD09E

IVORY COAST COCOA

Cocoa arrivals at ports in top grower Ivory Coast reached 1.125 million metric tons by January 11 since the start of the season on October 1, down 2.8% from the same period a year earlier, exporters estimated on Monday.nL8N3YD0PC

DEMOCRATIC REPUBLIC OF CONGO MINERALS

Congo’s state miner Gecamines said on Monday it had exercised its right to buy 100,000 tonnes of copper from Chinese company CMOC’s 603993.SS Tenke Fungurume (TFM) mine this year.nL4N3YD12H

NIGERIA SECURITY

Schools across parts of northern Nigeria started reopening on Monday, after months of closure triggered by the abduction of hundreds of students in November.nL6N3YD0MB

GAMBIA GENOCIDE

Gambia on Monday told judges at the United Nations' top court that Myanmar targeted minority Muslim Rohingya for destruction and made their lives a nightmare in a landmark case accusing Myanmar of genocide.nL6N3YD0DW

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(Compiled by Nairobi Newsroom)

((Email:nairobi.newsroom@thomsonreuters.com))

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