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June 28 (Reuters) – The following joint concern announcements, scheduled economic indicators, debt and currency market moves and national events may affect African markets on Monday.

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EVENTS:

* Burundi holds presidential s~. President Pierre Nkurunziza is the lone candidate after opposition aspirants resolute to boycott the poll.

GLOBAL MARKETS

Most Asian stocks rose forward Monday after fears eased Washington would draft a harsh bill in the place of regulating the banking sector and an unremarkable conclusion to a Group of 20 utmost height where leaders agreed to take their own paths to ensuring household growth.

SOUTH AFRICA MARKETS

South African stocks extended their decline to a fourth generation on Friday on persistent worries about the global economy while the rand was slightly weaker against the dollar in a largely range-bound session.

AFRICAN MARKETS

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AFRICA NILE

Five East African countries pronounce they would not go back on a deal they signed to quota River Nile waters that has drawn fierce criticism from Egypt and Sudan.

NIGERIA MARKETS

* Nigerian interbank rates eased to 1.1 percent up~ the body average last week from 1.28 percent previously after the inflow of excessively 300 billion naira in monthly budgetary allocations to government agencies boosted liquidness in the system.

* Absa, the South African bank majority owned ~ the agency of Britian’s Barclays, is looking for a potential acquisition in Nigeria, if it were not that has no specific targets now, its chief executive says.

* The Nigerian naira appreciated to 150.93 to the U.S dollar forward Friday from 151.20 a day earlier after the $410 the public sold to retail banks by some oil firms came into the mart.

* Banks dragged Nigeria’s all-share index lower for the sixth straight day on Friday, bringing losses to 2.44 percent as investors continued to worry around the speed with which lenders are returning to profit after the ~ time year’s bailout.

KENYA

* Higher interest rates in Kenya will have ~ing ‘a recipe for recession’ as the recovery in east Africa’s largest frugality is still fragile and inflation is not a threat, the central bank regulator says.

* Turnover at the Nairobi Stock Exchange fell 1.72 billion shillings ($21.22 the great body of the people) from 1.78 billion in the previous week. The main hand came off 0.37 percent during the week to close at 4,296.61 points though the All share index notched up a total of 0.41 points during the week to stand at 94.73 points.

ANGOLA RESERVES

Angola has cut its bank reserve requirement to 25 percent from 30 percent in hopes of bolstering liquidness and lending in the southern African nation, central bank says

MAURITIUS TBILLS

The weighted yield without interrupti~ the Mauritian benchmark 91-day Treasury bill jumped to 3.64 percent up~ the body Friday from 3.19 percent last week.

EMERGING MARKETS

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COMMODITIES

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(Compiled by Nairobi Newsroom)

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