NAIROBI, June 12 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.

*Tanzania’s planning and investment minister to present the country’s 2025 economic survey, which outlines the country’s performance in 2024, and gives an outlook for 2025.

*Kenya, Uganda, Tanzania and Rwanda finance ministers are due to present their respective 2025/26 (July-June) budget speeches to their parliaments.

Global stocks and the dollar slipped on Thursday as investors sized up a benign U.S. inflation report and the fragile trade truce between Washington and Beijing, while rising tensions in the Middle East and lingering tariff anxiety dented risk sentiment.

Oil prices edged higher on Thursday to their highest in more than two months, after U.S. President Donald Trump said U.S. personnel were being moved out of the Middle East, which raised fear that escalating tensions with Iran could disrupt supply.

The South African rand was little changed on Wednesday after the parliament passed budget legislation that sets the overall limits for government spending and lays out key revenue-generating measures.

Kenyan shilling strengthened slightly against the dollar on Wednesday, data from the London Stock Exchange Group showed.

Kenya’s finance minister will present a budget on Thursday aimed at boosting revenues to service debt while avoiding tax measures that triggered the kind of deadly protests that rocked East Africa’s biggest economy last year.

Kenya’s central bank has lowered its 2026 economic growth forecast to 5.4% from a 5.6% forecast given in April, its governor Kamau Thugge said on Wednesday.

Ghana’s economy grew faster in the first quarter of the year, driven by growth in the services sector and an agricultural recovery, the West African country’s statistics agency said on Wednesday.

Ivanhoe Mines said on Wednesday it had resumed underground mining in part of its Kakula copper mine in the Democratic Republic of Congo that had been closed due to seismic activity, but lowered output guidance for the year.

Barrick Mining has removed its Mali gold complex from its overall output forecast for 2025, four sources told Reuters, adding to fallout from a two-year dispute over new mining legislation aimed at boosting the West African country’s revenue.

((Compiled by Nairobi Newsroom))