macroafricaintel Daily Brief | 18 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica

Global Markets
• America braces for violent protests, crowds remain thin
• China’s economy picks up speed in Q4, ends 2020 in solid shape after covid-19 shock
• Asia shares pare losses as China economy rebounds
• Oil drops 1% as rising coronavirus cases end supply-led rally
• Brent down nearly 1% at $54.65, WTI down nearly 1% at $51.93 (0207GMT)
• Gold recovers as US stimulus prospects offset firm dollar
• Spot gold up 0.6% at $1,837.21/oz., futures up 0.3% at $1,835.70 (0559GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Kenya’s Uhuru & Raila start aggressive BBI campaign; to counter Ruto “wheelbarrow” rallies
• Schools resume in Nigeria, Ghana; after covid-19 closures
• South Africa SACCI business confidence Dec-20 [prev. 93.4]
• South Africa mining production (19 Jan), CPI (20 Jan), retail sales (21 Jan)
• South Africa central bank decides interest rates [fcst. 3.5%, prev. 3.5%] (21 Jan)
• Nigeria central bank decides interest rates [fcst. 11.5%, prev. 11.5%] (22 Jan)
• South Africa’s Eskom implements stage 2 loadshedding
• Covid-19 updates by authorities across the continent

Key African events or data releases over the weekend & early a.m today
Reuters
• Ghana president warns of health system overload as covid cases soar
• Egypt unveils 3000-yr old coffins in latest archaeological discovery
• Tunisia PM appoints new ministers in sweeping cabinet reshuffle
• Uganda opposition party says it will challenge election result; two dead in protests
• At least 48 dead in militia attack in El Geneina, West Darfur – SUNA
• UK calls for concerns over Uganda election to be investigated
• Libya talks make progress towards new temporary govt, UN says
• Uganda main opposition presidential candidate says blocked by military from leaving compound
• WHO stops short of advising proof of covid-19 shots for travel
• EU suspends Ethiopia budget support over Tigray crisis
• South Africa scientists discover new chemicals that kill malaria parasite
• WHO sees poorer countries getting first covid vaccines this quarter
• Zambia hires communication adviser over debt restructuring
• Libya releases bodies found in mass grave for burial
• UN security council approves new UN Libya mediator
• Trump receives Morocco’s highest award for Middle East work: official
• Tunisia police clash with protesters after police beating
• Kenya Airways plans more pay cuts due to pandemic – memo
• EU suspends Ethiopia budget support over Tigray crisis
• Namibia suspends poultry imports from 10 European countries due to bird flu
• South Africa’s mining industry to support covid-19 vaccine rollout
• AU vaccines to be allocated according to population
• Kenya remittance inflows jump by nearly 11% in 2020 to $3 bln – cenbank
• Nearly 60,000 have fled CAR violence: UN
• IMF hopes to present Kenya program to its board in early 2021

Bloomberg
• South Africa treasury considers tax hike to fund vaccines: Business Day
• JP Morgan strategists say $40,000 is key test for bitcoin boom
• Eskom extends South Africa power cuts due to lack of capacity
• Benin’s president to seek new mandate in April polls, RFI says
• Death toll from violence in Sudan’s West Darfur rises to 48
• Libya oil output drops as pipelines creak from war-era neglect
• Conflict-ravaged Libya inches closer to new unity govt
• Record kidnappings draw Maersk call for action in Gulf of Guinea
• Nigeria govt hasn’t yet bought any coronavirus vaccines
• Uganda leader Museveni clinches sixth straight election win
• Futuregrowth sees South Africa Land Bank as threat to state lending
• Exhausted nurses toil on South Africa wards full of virus cases
• Nigeria’s big oil-refining revamp gets off to a slow start
• Uganda opposition leader Bobi Wine says home under army siege
• Eskom forecasts power shortages in South Africa through April
• Zimbabwe health minister denies hospitals overwhelmed by virus

N.B. Full stories of above headlines are available on Reuters & Bloomberg

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macroafricaintel Daily Brief | 15 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica

Global Markets
• Wall Street cheers Biden’s $1.9 tln rescue package for hard-hit economy
• US says Capitol rioters meant to ‘capture and assassinate’ officials – filing
• Asia shares turn lower as recovery concerns resurface
• China steals march on West in developing nations’ vaccine rollout
• Oil mixed as China lockdowns raise demand questions
• Brent down 3 cents at $56.69, WTI up 12 cents at $53.69 (0133GMT)
• Gold rises on US stimulus hopes, dovish Fed stance
• Spot gold up 0.1% at $1,848.75/oz., futures flat at $1,851 (0548GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Uganda counts votes of general elections
• Ghana parliament makes determination on division in hung parliament
• Kenya’s Nairobi MCAs vet governor nominee Kananu; subject to court ruling
• Nigeria inflation Dec-20 [fcst. 15.8% yy, prev. 14.9%]
• South Africa’s Eskom implements stage 2 loadshedding (14-17 Jan)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• 46 civilians feared killed in eastern Congo attack, official says
• Major violations of international law at Tigray refugee camps: UN
• UN calls for probe into Camerron army attack on civilians
• Ugandans choose between longtime leader and popstar politician
• South Africa’s Pick n Pay CEO Brasher to retire in April
• Africa cannot relax now Covid-19 vaccines are coming, health boss says
• Emirates temporarily suspends flights to South Africa
• 3 UN peacekeepers killed, 5 wounded in Mali attack
• AU secures 270 mln covid-19 vaccine doses from manufacturers
• Cameroon army killed civilians in village raid, witnesses and lawyer say
• Uganda orders internet blackout until further notice – MTN
• South Africa central bank to hold repo at record low through 2021
• Darfur displaced fearful as UN peackeepers hand over to local forces

Bloomberg
• Mysterious Ethiopia wheat deals complicate fight against hunger
• South Africa sees vaccine deal terms finalized within a month
• Liquidators want more power to probe South Africa bitcoin trader
• Sudan to work with South Sudan in bid to double oil production
• South Africa miners can scale up vaccination, Sibanye says
• Bank’s assets targeted over Shell’s $479 mln Nigeria debt
• South Africa may restart covid unemployment relief, unions say
• AU secures 270 mln vaccines from 3 drugmakers
• Nigeria’s Lagos boosts infrastructure spend after youth protests
• Mozambique pushes for Total to restart $20 bln project
• South Africa power cuts expected for days as new plant fails
• Nigeria plans covid-19 vaccination for 40% of population in 2021
• Researchers detect covid-19 variant unique to Kenya, Nation says

N.B. Full stories of above headlines are available on Reuters & Bloomberg

macroafricaintel Daily Brief | 14 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica

Global Markets
• Asia shares make cautious gains after Wall Street rises as US yields fall
• Dollar extends rebound as investors await US stimulus details, bitcoin bounces
• Twitter CEO says banning Trump was right decision but sets dangerous precedent
• House votes to impeach Trump again
• Oil price dip on rise in virus cases; US stock draw checks losses
• Brent down 5 cents at $56.01, WTI down 1 cent at $52.90 (0124GMT)
• Gold rises on inflation bets ahead of Biden unveiling stimulus
• Spot gold up 0.3% at $1,848.07, futures down 0.4% at $1,847.70 (0054GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Uganda holds general elections
• Ghana supreme court hears Mahama petition
• South Africa state capture inquiry continues
• Nigeria inflation Dec-20 [fcst. 15.8% yy, prev. 14.9%]
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Uganda orders internet blackout until further notice: MTN
• 3 UN peacekeepers killed, 6 wounded in Mali attack
• Cameroon army killed civilians in village raid, witnesses & lawyer say
• Ethiopia says ex-foreign minister killed by military after refusing to surrender
• Sudan’s Darfur displaced fearful as UN peacekeepers hand over to local forces
• US senators call for release of journalists in Ethiopia
• Over 80 killed in attack in Ethiopia border region with Sudan – state rights commission
• IMF approves $34.4 mln disbursement for CAR
• Gulf of Guinea pirate kidnappings hit record in 2020
• Sudan says Ethiopia military aircraft crossed border
• US cancels its observation of Uganda presidential election
• Data on AstraZeneca vaccine and South Africa variant should come soon, UK expert says
• Ethiopia warns Sudan it is running out of patience over border dispute
• Senegal in talks to buy covid vaccine from China’s Sinopharm, says minister
• Bullets and panic: rebels attack CAR capital
• Steinmetz denies corruption in Guinea case; says he was not in charge
• Nigeria senate president vows action on long-delayed oil reform law
• Tech investors eye Africa’s education & financial sectors

Bloomberg
• UN calls for probe into France raid that killed 19 in Mali
• Seychelles struggles to pay wages as covid-19 hits tourism
• Uganda authorities step up security ahead of fraught elections
• Zimbabwe trade data offer glimmer of hope to beleaguered economy
• Sudan says Ethiopia plane breached border
• AU secures about 300 mln covid-19 vaccines
• Zimbabwe invites tenders for oxygen supply as covid cases surge

N.B. Full stories of above headlines are available on Reuters & Bloomberg

macroafricaintel Daily Brief | 13 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica

Global Markets
• Asia shares make cautious gains after choppy Wall Street session
• Three House Republicans declare support for impeaching Trump
• Dollar rally runs out of puff as yields ease
• Oil prices extend gains after US inventory drop
• Brent up 0.8% at $57.05, WTI up 0.8% at $53.61 (0128GMT)
• Gold inches higher as dollar, treasury yields pull back
• Spot gold up 0.1% at $1,856.86/oz., futures up 0.8% at $1,858.10 (0052GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• South Africa retail sales Nov-20 [fcst. -4.9% yy, prev. -1.8%]
• South Africa state capture inquiry continues
• Uganda holds general elections (14 Jan)
• Ghana supreme court hears Mahama petition (14 Jan)
• Nigeria inflation Dec-20 [fcst. 15.8% yy, prev. 14.9%] (14 Jan)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Ethiopia warns Sudan it is running out of patience over border dispute
• Kenya drops charges against officials due to testify against ex-finance minister
• Covid-19 kills 2 Malawi cabinet ministers
• Uganda orders all social media to be blocked – letter
• Nigeria working on type and quantity of covid-19 vaccines to procure, minister says
• Uganda bans social media ahead of presidential election
• Botswana’s Debswana terminates mining contract with Australia’s Thiess
• In Senegal, lack of cold storage limits covid vaccine options
• Nigeria’s Dangote Cement pays $25.6 mln in first buyback tranche
• Senegal’s hospitals stretched as covid infections surge
• Guardians of Congo’s gorillas unbowed as ambushed colleague is buried
• South Africa secures 20 mln covid-19 vaccines, Ramaphosa says

Bloomberg
• Canada lawmaker seeks probe of WE charity’s Kenya operations
• Russia wheat tax risk spooks traders, roiling Egypt tender
• Gas-rich Mozambique, Tanzania rally to end insurgency
• Beny Steinmetz pressed on Guinea deals on 2nd day of bribery trial
• Uganda pop star Bobi Wine pins election hopes on tech, youth
• Nigeria hospitals struggling to cope with surge in covid cases
• Paris club delays $300 mln Kenya debt service dues
• Niger is halfway to a smooth democratic transition
• IMF to disburse $488 mln to Angola as it seeks to curb debt

N.B. Full stories of above headlines are available on Reuters & Bloomberg

macroafricaintel Daily Brief | 12 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica

Global Markets
• Democrats push impeachment Wednesday, FBI warns of armed protests ahead of inauguration
• Stocks pause for breath as bond selloff extends
• US bank quarterly profits expected to fall again from pre-covid levels
• Oil prices dip on rising virus cases; expected stock draw stems losses
• Brent down 0.2% at $55.56, WTI down 0.2% at $52.17 (0500GMT)
• Gold steadies as weaker stocks offset stronger dollar, bond yields
• Spot gold little changed at $1,845.19/oz., futures down 0.3% at $1,845.90 (0037GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Nigeria finmin Ahmed presents details of 2021 appropriation act
• South Africa manufacturing production Nov-20 [fcst. -1.3% yy, prev. -3.4%]
• South Africa state capture inquiry continues
• South Africa retail sales Nov-20 [fcst. -4.9% yy, prev. -1.8%] (13 Jan)
• Uganda holds general elections (14 Jan)
• Ghana supreme court hears Mahama petition (14 Jan)
• Nigeria inflation Dec-20 [fcst. 15.8% yy, prev. 14.9%] (14 Jan)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• IMF says board approves $487.5 mln disbursement to Angola
• In Senegal, lack of cold storage limits covid vaccine options
• South Africa secures 20 mln vaccines from manufacturers, Ramaphosa says
• World Bank to invest $5 bln in 11 Africa countries
• Paris Club of international creditors accept Kenya debt relief request
• Facebook takes down Uganda pro-Museveni accounts ahead of election
• Africa free trade tariff rules should be completed by July – official
• Guinea: Steinmetz trial on corruption charges opens in Geneva
• 3-way talks on Ethiopia dam reach new impasse
• Uganda presidential election pits Museveni against popular singer
• Seychelles rolls out covid-19 vaccination using China’s Sinopharm, says president’s office
• Zambia president dismisses health minister, no reason given

Bloomberg
• IMF to disburse $488 mln to Angola as it seeks to curb debt
• South Africa extends alcohol ban, curbs travel amid virus surge
• Credit Suisse’s former CEO Thiam to start blank-check firm
• J&J plans to submit South Africa vaccine trial data by Jan. 21
• Virus resurgence leaves South Africa at risk of oxygen shortfall
• Almost half of South Africa’s oil refining seen shut until 2022
• Africa exceeds 3 mln covid-19 cases, 30% in South Africa

N.B. Full stories of above headlines are available on Reuters & Bloomberg

macroafricaintel Daily Brief | 11 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica

Global Markets
• ‘No one cares. At all’ Trump staff lurch toward the end
• US House will vote to urge Trump declared incapable before impeachment: Pelosi
• Asia stocks near highs, yields up on US stimulus risk
• Oil prices fall on renewed coronavirus concerns as China cases mount
• Brent down 1.2% at $55.34, WTI down 0.8% at $51.80 (0439GMT)
• Gold hits near 6-wk low on firmer dollar, higher treasury yields
• Spot gold down 0.7% at $1,835.96/oz., futures flat at $1,835.60 (0259GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Ethiopia tripartite GERD talks resume; already at an impasse
• South Africa state capture inquiry resumes
• COP26 virtual climate roundtable
• South Africa SACCI business confidence Dec-20 [prev. 93.4]
• Nigeria finmin Ahmed presents details of 2021 appropriation act (12 Jan)
• South Africa manufacturing production Nov-20 [fcst. -1.3% yy, prev. -3.4%] (12 Jan)
• South Africa retail sales Nov-20 [fcst. -4.9% yy, prev. -1.8%] (13 Jan)
• Uganda holds general elections (14 Jan)
• Ghana supreme court hears Mahama petition (14 Jan)
• Nigeria inflation Dec-20 [fcst. 15.8% yy, prev. 14.9%] (14 Jan)
• Covid-19 updates by authorities across the continent

Key African events or data releases over the weekend & early a.m today
Reuters
• Ethiopia military says it killed 15 members of rebellious Tigray forces, captured 8 others
• 3-way talks on Ethiopia dam reach new impasse
• 6 Virunga Park rangers killed in eastern Congo ambush
• Irish health officials believe South Africa covid-19 variant contained
• France warplanes fly over CAR amid rebel offensives
• Ethiopia women raped in Mekelle, says soldier
• Ghana receives offshore LNG terminal in first for sub-Saharan Africa
• South Africa testing vaccines on variant, hopes for results within 2 weeks
• Gambia seizes 3 tonnes of cocaine in one of West Africa’s largest busts
• At least 13 dead as suicide bomber, gunmen attack town in Cameroon – UN
• Scientists surprised to discover two dwarf giraffes in Namibia, Uganda
• Almost 2.3 mln people need aid in Ethiopia’s Tigray – UN report
• Tanzania’s president asks China to forgive some outstanding debts
• Uganda police chief: beating of reporters for their own good
• Vodacom and MTN telecommunications towers burnt in South Africa by 5G protesters
• Zimbabwe journalist arrested for third time in 6 months
• South Africa’s two biggest pharmacies plan to offer covid-19 vaccines
• Nigeria oil firm Lekoil fights top shareholder over board
• Sudan cabinet approves 2021 budget

Bloomberg
• Satellite images show Ethiopia carnage as conflict continues
• Wheat exporters in Australia look beyond China to north Africa
• Talks over Ethiopia’s Nile dam hit another deadlock, Egypt says
• Africa exceeds 3 mln covid-19 cases, 30% in South Africa
• Algeria president returns to Germany to complete treatment
• South Sudan’s main power provider closes over lack of dollars
• Egypt inflation eases to lowest since October on food prices
• Zambia fuel subsidy boost hurts chances of winning over IMF
• Tanzania asks China for debt write-off, approves rail deal
• Senegal sees 2023 start for $4.8 bln BP-backed project
• South Africa’s ANC sees land expropriation clause this year
• War-torn Ethiopia region still wracked by fighting, UN says
• Glencore is close to selling troubled Zambia copper mine
• Outlook bleak for Nigeria bonds with real yields firmly negative
• Less than one third of Kenyans would vote to change constitution
• South Africa factory mood drops to 5-mth low on virus 2nd wave
• US consortium buys majority stake in South Africa rugby team

N.B. Full stories of above headlines are available on Reuters & Bloomberg

macroafricaintel Daily Brief | 8 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica

Global Markets
• Democrats inch toward 2nd Trump impeachment after Capitol siege
• US transport, education secretaries quit in staff exodus after Capitol violence
• Asia stocks hit fresh records on hopes for global recovery
• Bitcoin slides more than 5% after topping $40,000 for first time
• Oil near 11-mth highs on Saudi output cut pledge, equities rally
• Brent up 0.2% at $54.51, WTI up 0.3% at $50.97 (0531GMT)
• Gold eases as stronger dollar, higher yields weigh
• Spot gold down 0.1% at $1,911.32/oz., futures down 0.1% at $1,912.30 (0246GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• South Africa’s Ramaphosa delivers ruling ANC 109th anniversary “January 8” statement in Limpopo
• Ghana opposition NDC briefs press
• South Africa state capture inquiry resumes
• Kenya nurses down tools
• South Africa Absa manufacturing PMI Dec-20 [prev. 52.6]
• South Africa SACCI business confidence Dec-20 [prev. 93.4]
• China’s foreign minister tours Africa (Nigeria, DRC, Tanzania, Botswana & Seychelles)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Ethiopia general says Eritrea troops entered Tigray: video clip
• Mali, France army deny wedding party killed in strike against militants
• UK extends England entry ban to travellers from 11 Africa countries for covid variant
• Two China firms to build $1.32 bln Tanzania rail line
• Namibia sees steady downward trend in rhino and elephant poaching
• Senegal confirms bird flu outbreak on poultry farm – OIE
• Uganda’s Bobi Wine asks ICC to investigate rights abuses
• Eni teams up with Qatar’s QIA on green energy projects in sub-Saharan Africa
• Ghana president urges unity after scuffle in parliament
• Amid covid-19 surge, South Africa aims to vaccinate for herd immunity
• South Africa’s Aspen could produce J&J covid shots by end-March
• Sengal seeking vaccines beyond WHO-backed covax scheme
• Paris Club of creditors says Mali gets debt deadline extension
• South Africa union to approach constitutional court over public sector wage ruling
• South Africa says to get 1.5 mln vaccines from Serum Institute of India
• Morocco approves AstraZeneca/Oxford covid-19 vaccine – minister
• Sudan quietly signs Abraham Accords weeks after Israel deal
• South Africa medical schemes to fund covid-19 vaccines for 30% of adults
• DRC says China has granted pandemic-linked debt relief
• Ten presidential candidates call for election re-run in CAR

Bloomberg
• US consortium buys majority stake in South Africa rugby team
• South Africa in ‘advanced stage’ talks with J&J about vaccines
• Enel, Qatar’s sovereign fund to develop renewables in Africa
• South Africa car industry to feel more pain if covid rules increase
• South Africa struggling to contain covid pandemic
• Ghana set for first sub-Saharan Africa LNG-to-power project
• South Africa’s rand suffers from deepening virus crisis
• South Africa excess deaths reach record as covid resurges
• South Africa virus strain more transmissible, not more severe
• Zimbabwe’s Kuvimba seeks $1 bln for 2021 acquisitions, capex
• Covid measures block key South Africa chrome-export crossing
• Tanzania to sign $1.32 bln rail contract with China firms
• South Africa sets vaccine cost at $1.4 bln for main rollout
• South Africa stocks extend record as stimulus hopes boost miners
• South Africa insurers to pay 14 mln covid-19 measures

N.B. Full stories of above headlines are available on Reuters & Bloomberg

macroafricaintel Daily Brief | 7 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica

Global Markets
• Investors look on US Capitol breach with ‘muted reaction,’ worry if escalates
• Congress resumes certification of Biden’s win after Trump supporters storm US Capitol
• Crypto market value tops $1 tln as bitcoin breaches $37,000
• Oil steady after US Capitol drama; tighter supplies in focus
• Brent up 8 cents at $54.38, WTI up 11 cents at $50.74 (0125GMT)
• Gold inches down as higher yields outweigh stimulus optimism
• Spot gold down 0.1% at $1,916.77/oz., futures up $1,918.40 (0250GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Ghana inaugurates 8th parliament & swears in Akufo-Addo for 2nd term
• South Africa’s Ramaphosa delivers ruling ANC 109th anniversary “January 8” statement in Limpopo (8 Jan)
• China’s foreign minister tours Africa (Nigeria, DRC, Tanzania, Botswana & Seychelles)
• South Africa state capture inquiry resumes (8 Jan)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Ten presidential candidates call for election re-run in CAR
• 3 drowned, dozens missing, after boat sinks in eastern Congo’s Lake Kivu
• Over 2 mln people displaced by conflict in Ethiopia’s Tigray region – local official
• Roadside bomb kills five in Cameroon’s restive North West region
• DRC says China has granted pandemic-linked debt relief
• Uganda presidential challenger Bobi Wine campaigns in a flak jacket

Bloomberg
• Zimbabwe hospitals buckle under covid strain as infections surge
• Sudan signs accord that sets stage for normalization with Israel
• Ghana insurers get 6-mth extension to meet new capital base
• South Africa officials argue for harsher measures to curb covid
• South Africa stocks hit 3-yr high as platinum rally resumes
• US’ Mnuchin arrives in Sudan for talks on economic crisis, aid
• Ethiopia accuses Sudan of killing civilians in border dispute
• South Africa’s hope for health worker vaccines thwarted, BD says

N.B. Full stories of above headlines are available on Reuters & Bloomberg

macroafricaintel Daily Brief | 6 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica

Global Markets
• Stocks fall, bond yields rise as investors brace for possible Democrat triumph in Georgia; dollar squeezed
• Saudi vows extra cuts as OPEC+ agrees small rise in oil output
• Brent oil rises to highest since February after Saudi Arabia output cut
• Brent up to $53.79, WTI up 0.3% at $50.06 (0147GMT)
• Gold eases as dollar gains on ‘knife-edge’ Georgia race
• Spot gold down 0.3% at $1,943.46/oz., futures down 0.4% at $1,947.50 (0355GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• South Africa IHS Markit PMI Dec-20 [prev. 50.3]
• Nigeria Stanbic IBTC PMI Dec-20 [prev. 50.9]
• Kenya, Ghana & other Africa PMIs for Dec-20 due
• South Africa’s Covid-19 “command” council meets
• Senior executives of South Africa’s ruling ANC meet
• South Africa’s Ramaphosa delivers ruling ANC 109th anniversary “January 8” statement in Limpopo (8 Jan)
• China’s foreign minister tours Africa (Nigeria, DRC, Tanzania, Botswana & Seychelles)
• Ghana dissolves 7th & inaugurates 8th parliament (6-7 Jan)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Ethiopia police release detained Reuters cameraman without charge
• South Africa variant unlikely to ‘completely negate’ covid vaccines, scientist says
• More than 20 at Mali wedding ceremony killed in air strike – health worker
• Vietnam suspends flights from UK, South Africa over new covid-19 variants
• UK scientists worry vaccines may not protect against South Africa coronavirus variant
• At least 22 killed in eastern Congo village
• World risks ‘moral catastrophe’ if covid shots delayed in Africa, its CDC chief says
• Botswana sets currency to lose value faster in 2021
• Niger mourns, probes weekend massacre in two villages

Bloomberg
• Audit woes at South Africa’s land bank has bondholder worried
• South Africa govt to appeal ruling against tobacco ban
• Pfizer has offered South Africa discounted covid-19 vaccines
• Egypt business activity worsens in reversal of 3 months of gains

N.B. Full stories of above headlines are available on Reuters & Bloomberg

macroafricaintel Daily Brief | 5 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica

Global Markets
• Asia stocks fall amid concern about Georgia senate vote
• Senate control at stake as Georgia runoff elections loom
• US FCC action to limit key social media protection increasingly unlikely
• Oil little changed as investors await OPEC+ decision
• Brent up 0.2% at $51.17, WTI up 0.3% at $47.74 (0206GMT)
• Gold eases as dollar recovers; Georgia elections in focus
• Spot gold down 0.2% at $1,938.11/oz., futures down 0.3% at $1,941.40 (0235GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• OPEC+ ministers meet for 2nd day
• Ghana’s Akufo-Addo delivers state of the nation address
• South Africa’s Ramaphosa delivers ruling ANC 109th anniversary “January 8” statement in Limpopo (8 Jan)
• China’s foreign minister tours Africa (Nigeria, DRC, Tanzania, Botswana & Seychelles)
• Ghana dissolves 7th & inaugurates 8th parliament (6-7 Jan)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• UK scientists worry vaccines may not protect against South Africa coronavirus variant
• [Militant] branch claims responsibility for killing 2 France soldiers in Mali
• Niger mourns, probes weekend massacre in two villages
• CAR President Touadera wins re-election
• eSwatini aims to vaccinate entire population against covid-19
• South Africa’s Santam to start assessing some rejected covid-19 claims
• Parents worry as crowded Kenya schools reopen after coronavirus shutdown
• Niger village attacks killed 100, says prime minister
• Kenya extends night curfew to March to curb covid-19 spread
• CAR rebels attack and enter town before election results announced
• South Africa targets covid-19 vaccines next month but deals not yet signed

Bloomberg
• South Africa insurers may fund vaccines for broader population
• South Africa’s Eskom unprepared as generator leak accelerates nuclear shutdown
• Universal Music plans Africa expansion to tap streaming growth
• Pfizer has offered South Africa discounted covid-19 vaccines
• South Africa business says it’s considering paying for vaccines
• Nigeria says war-crimes probe hampers fight against insurgents
• South Africa’s vaccine plan draws scrutiny as funding is sought
• South Africa covid strain raises growing alarm in the UK
• Ghana’s costly wait for its post-Brexit trade deal with UK
• South Africa nabs trio with 74 kg of gold in hand luggage
• Egypt central bank extends debt relief initiative due to virus
• Egypt offers financing incentive for converting cars to natural gas
• The Big Question: Can Nigeria be saved?

N.B. Full stories of above headlines are available on Reuters & Bloomberg