GLOBAL MARKETS

The yen swung between losses and gains on Friday in volatile trade, reflecting investors' skittishness after Tokyo was thought to have intervened to prop up the Japanese currency in the wake of a cooler-than-expected U.S. inflation report.nL1N3J401AMKTS/GLOB

WORLD OIL PRICES

Oil prices inched up on Friday amid signs of easing inflationary pressures in the world's biggest oil consumer, the United States, though the contracts were headed for a weekly decline.nL1N3J4029O/R

EMERGING MARKETS

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AFRICA STOCKS

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SOUTH AFRICA MARKETS

The South African rand extended its gains on Thursday after U.S. inflation unexpectedly fell last month, fuelling bets that the Federal Reserve may cut interest rates in September.nL1N3J30OG

AFRICA CURRENCIES

Zambia's kwacha and Kenya's shilling could fall against the dollar in the next week to Thursday, while Uganda's shilling, Nigeria's naira and Ghana's cedi are seen broadly stable, traders said.nL8N3J312U

NIGERIA CENTRAL BANK

Nigeria's central bank will do whatever is necessary to tame double-digit inflation but expects price pressures to moderate and interest rates to drop in the not-too-distant future, Central Bank of Nigeria (CBN) governor said on Thursday.nL8N3J317K

NIGERIA PETROLEUM

Nigeria's oil regulator has struck a deal with producers to allow sales of crude to domestic refiners at market prices, ending a supply dispute that had strained relations with international oil companies.nL4N3J30HA

KENYA MARKETS

Kenya's shilling KES= was weaker on Thursday due to increased demand for dollars from oil-retailing companies and general goods importers, traders said.nL8N3J30BU

KENYA POLITICS

Kenyan President William Ruto on Thursday fired his entire cabinet apart from the foreign minister, bowing to pressure from nationwide protests that have created the biggest crisis of his two-year presidency.nL8N3J30DZnL1N3J30PA

UGANDA CENTRAL BANK

Uganda's central bank has begun buying locally-produced gold to bolster its depleted foreign reserves and tackle emerging challenges in international financial markets.nL8N3J3036

ZAMBIA ELECTRICITY

Zambia's Maamba Collieries will build a 300 megawatt (MW) coal-fired power plant costing an estimated $400 million over a two-year period from August 2024, its local shareholder ZCCM-IH said in a statement.nL8N3J314G

ZAMBIA MINING

China's JCHX Mining 603979.SS plans to invest $300 million to breathe new life into Zambia's Lubambe Copper Mines which it recently acquired, Zambia's state mining investment unit, ZCCM-IH ZCCM.LZ said on Thursday.nL8N3J310N

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