African Markets Highlight Today February. 26

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Enterprise Television- African Markets Highlight Today February. 26

The following company announcements, scheduled economic indicators, debt and currency market moves which may affect   African markets.

EMERGING MARKETS

For the top emerging markets news

SOUTH AFRICA MARKETS

South Africa’s rand firmed on Friday amid talk that new President Cyril Ramaphosa is likely to announce a new cabinet after a party meeting over the weekend, while stocks rose led by the banking sector.

KENYA’S MARKETS

The Kenyan shilling was stable against the dollar on Friday and traders says, they were watching the central bank to see if it will pump in more dollars to halt its recent slide.

Kenya Power posted a 19% drop in first-half pretax profit, mainly due to sluggish economic growth and higher financing costs.

Google Play apps and games store has started accepting payments in Kenya through Safaricom’s          mobile phone M-Pesa service to boost downloads in a market where many people do not have a credit card.

TANZANIA’S MARKET

The telecom industry regulator says, the number of internet users in Tanzania rose by 16% at the end of 2017 to 23 million, with the majority of those using their handsets to go online.

Source- Reuters