African business agenda 12-15 September 2011

WHAT TO WATCH NEXT WEEK

Monday September 12

  • • Mauritius Monetary Policy Committee meeting. The MPC is expected to hold its benchmark interest rate steady at 5.50 percent.
  • • Malawi August inflation. CPI quickened to 7.4 percent in July.
  • • South Africa’s ANC resumes internal disciplinary hearing of Youth League leader Julius Malema, who is pushing for nationalisation of the mining and banking sectors.
  • • South African Reserve Bank deputy governor Daniel Mminele speaks at national payment system event. (100 GMT)

Tuesday September 13

  • • South Africa Q2 current account. Current account deficit widened to 3.1 percent of GDP in the first quarter from 1.0 percent in the fourth quarter of 2010. (0800 GMT)
  • • First Rand annual results. South Africa’s second-largest bank is expected to issue a special dividend after selling off short-term insurer OUTsurance and asset manager Momentum. (0500 GMT)
  • • IMF official gives news conference at end of visit to Ivory Coast. May shed light on resumption of economic assistance programme.

Wednesday September 14

  • • Kenyan central bank’s Monetary Policy Committee holds special meeting. Analysts hope it will raise its benchmark lending rate to get policymaking back on track, at least symbolically.
  • • Zimbabwe holds annual two-day mining conference, as its showdown with foreign firms in the sector reaches a crescendo.

Thursday September 15

  • • Nigeria August inflation. CPI eased 9.4 percent in July, from 10.2 percent in June.
  • • Rwanda August inflation. While Rwandan inflation has been tame compared with its east African neighbours, the urban rate jumped to 7.14 percent in July.
  • • Zimbabwe August inflation. CPI quickened to 3.3 percent year-on-year in July from 2.9 percent in June.
  • • Botswana August inflation. CPI slowed slightly to 7.8 percent year-on-year in July.

 

 

Source: Reuters Africa newsletter

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