African Markets - Factors to watch on Aug 24

African Markets - Factors to watch on Aug 24

NAIROBI, Aug 24 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday.

- - - - - EVENTS: Kenya Airways KQNA.NR financial results Kenya's KCB Group KCB.NR results South Africa's DRDGold DRDJ.J results South Africa July consumer inflation Angola general election GLOBAL MARKETS Asian stock markets slipped for an eighth straight session on Wednesday and the dollar loomed large as fresh hawkish comments from a Federal Reserve official kept investors cautious. WORLD OIL PRICES Oil prices fell on Wednesday, taking a breather from a near 4% surge the previous day, on receding fears of an imminent output cut by the Organization of the Petroleum Exporting Countries and allies, a group known as OPEC+. 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 firmed on Tuesday after data showed the country's unemployment rate slightly improved in the second quarter. KENYA MARKETS The Kenyan shilling KES= was slightly weaker on Tuesday, with one trader saying the market was still in "wait-and-see mode" after this month's contested presidential election. ANGOLA ELECTION Angolans will vote on Wednesday in a tight race in which the main opposition coalition has its best-ever chance of victory, as millions of youth left out of its oil-fuelled booms are expected to express frustration with nearly five decades of MPLA rule. SOUTH AFRICA UNEMPLOYMENT South Africa's official unemployment rate edged lower to 33.9% in the second quarter of 2022 from 34.5% in the first quarter, the statistics agency said on Tuesday.

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(Compiled by Nairobi Newsroom)