African Markets – Factors to watch on December 11

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday .

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GLOBAL MARKETS

Major stock indexes jumped while U.S. Treasury yields declined on Wednesday after the Federal Reserve cut interest rates as expected and investors remained hopeful about further cuts ahead, even as the central bank signaled it will likely pause reductions for now.

WORLD OIL PRICES

Oil rose for a second straight session on Thursday after the U.S. seized a sanctioned oil tanker off Venezuela’s coast, escalating tensions between the two countries and raising concern over further supply disruptions.

EMERGING MARKETS

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AFRICA STOCKS

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SOUTH AFRICA MARKETS

The South African rand edged up on Wednesday, following the release of domestic retail sales data as investors awaited a U.S. Federal Reserve policy meeting later in the day.

KENYA MARKETS

Kenya’s central bank reduced its benchmark lending rate (KECBIR=ECI) by 25 basis points to 9.0% on Tuesday, its ninth rate cut in a row as it tries to stimulate bank lending and support economic growth.

UGANDA LESOTHO USA HEALTH

The U.S. has signed five-year health cooperation agreements with Uganda and Lesotho, the U.S. State Department said on Wednesday.

ETHIOPIA ECONOMY

The International Monetary Fund said on Wednesday it had reached a staff-level agreement with Ethiopia on the fourth review of a $3.4 billion lending programme, paving the way for the next disbursement of $261 million once the Fund’s board signs off.

DEMOCRATIC REPUBLIC OF CONGO SECURITY

Rwanda-backed M23 rebels have entered the eastern Congo town of Uvira, near the Burundian border, in the biggest escalation in months of the long-running war, sources told Reuters on Wednesday.

GHANA ECONOMY

Ghana’s economy expanded by 5.5% year-on-year in the third quarter of 2025, driven by an improvement in the agriculture and services sectors, the statistics agency said on Wednesday.

GUINEA-BISSAU POLITICS

Guinea-Bissau’s military junta adopted a 12-month transitional charter that bars the interim president and prime minister from running in the next elections, two weeks after officers staged a coup that suspended the constitution.

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((Compiled by Nairobi Newsroom))

((Email: nairobi.newsroom@thomsonreuters.com))