NAIROBI, May 22 - The following company announcements, scheduled economic indicators, debt
and currency market moves and political events may affect African markets on Tuesday. - - - - - GLOBAL MARKETS Asian shares skidded on Tuesday as a strong dollar sapped demand for emerging market assets while surging oil prices stoked concerns about a flare-up in inflation and faster U.S. interest rate increases. WORLD OIL PRICES Oil prices rose on Tuesday on concerns that Venezuela's crude output could drop further following a disputed presidential election and potential U.S. sanctions on the OPEC-member. EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on African stocks, click on SOUTH AFRICA MARKETS South Africa's rand was weaker in late afternoon trade Monday after the greenback firmed to a five-month high as worries about a U.S.-China trade war eased. NIGERIA OIL Exports of Nigeria's Forcados crude oil are scheduled to drop to 195,000 barrels per day (bpd) in July from 298,000 bpd originally planned for June, according to loading programmes seen by trading sources on Monday. NIGERIA ECONOMY Nigeria's economic growth slowed in the first quarter of 2018 for the first time since the country pulled out of recession last year as the non-oil sector struggled, the National Bureau of Statistics said on Monday. NIGERIA CORRUPTION Nine current and former executives or contractors from Italy's and British-Dutch giant Royal Dutch Shell , including ENI Chief Executive Claudio Descalzi, have been accused by Italian prosecutors of paying bribes to secure the licence to explore a large offshore oilfield in 2011. KENYA MARKETS The Kenyan shilling gained against the dollar on Monday due to increased diaspora remittances associated with Ramadan holiday festivities, traders said. DEMOCRATIC REPUBLIC OF CONGO HEALTH Congo began administering an experimental Ebola vaccine to medical staff in the northwestern city of Mbandaka on Monday to tackle an outbreak of the virus believed to have killed 26 people since early April. BURUNDI POLITICS Voters in Burundi overwhelmingly approved a new constitution, the electoral commission said on Monday, ushering in changes that could let the president stay in power to 2034. GHANA INTEREST RATE Ghana's central bank cut its benchmark interest rate by 100 basis points to 17 percent on Monday, saying it was on track to meet its medium-term inflation target as the economy stabilised. ANGOLA OIL Angola has halved headline tax rates for marginal oil fields as part of a series of laws to drive investment and reverse declining output in Africa's second largest crude producer. ZIMBABWE COMMONWEALTH President Emmerson Mnangagwa has officially applied for Zimbabwe to re-join the Commonwealth it left in 2003 and has invited the grouping of former British colonies to send observers to its general elections set for July. For the latest precious metals report click on For the latest base metals report click on For the latest crude oil report click on