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African Markets - Factors to watch on July 7 - CNBC Africa

Published 12 hours ago2 minute read
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NAIROBI, July 7 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday.

*Seychelles, Mauritius’ statistics offices are due to release their respective consumer inflation data for June.

Stock markets slipped in Asia on Monday amid confusion as U.S. officials flagged a delay on tariffs but failed to provide much detail on the change, while oil prices slid as OPEC+ opened the supply spigots more than expected.

Oil prices slipped on Monday after OPEC+ surprised markets by hiking output more than expected in August, while uncertainty over U.S. tariffs and their potential impact on global economic growth weighed on demand expectations.

The South African rand fell on Friday as traders mulled the impact of U.S. President Donald Trump’s sweeping tax-cut and spending bill and as pressure mounted on countries to secure trade deals before the United States’ July 9 deadline.

Guinea’s exports of bauxite, a feedstock for aluminium, jumped 36% to a record 99.8 million metric tons in the first half of 2025, driven by robust Chinese demand that offset declines from a regulatory crackdown, official data showed on Friday.

Rwandan President Paul Kagame said on Friday he was unsure whether a U.S.-brokered peace deal would hold with Democratic Republic of Congo and warned he would respond to any “tricks”from his neighbour.

Ethiopia said on Friday that it had signed a $1 billion financing agreement with the World Bank to support its economic reform programme and boost growth.

((Compiled by Nairobi Newsroom))

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