African Markets - Factors to watch on January 21

Reuters
2026.01.21 05:08
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Nairobi, Jan 21 (Reuters) - Key factors affecting African markets include geopolitical tensions impacting Asian stocks and oil prices, with a notable decline in oil due to expected U.S. crude inventory increases. The South African rand weakened amid risk aversion, while Nigeria reported military casualties from militant attacks. Ivory Coast plans to purchase surplus cocoa, and Ghanaian farmers face payment issues. Political developments include Benin's opposition losing parliamentary seats and Togo expelling Burkina Faso's former president. The Democratic Republic of Congo is seeking U.S. investment in state-owned mining assets, and Ethiopian Airlines ordered nine Boeing 787 jets.