Monthly Archives: February 2020

macroafricaintel Daily Brief | 28 Feb

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

Global Markets

  • World stocks set for worst week since 2008 as virus fears grip markets
  • MSCI ACWI down 9%, S&P500 in correction in just 6 days
  • Investors shun risk assets as coronavirus spreads globally
  • Safe-haven assets in demand, US yield curve firmly inverted

Oil Markets (Bloomberg)

  • Oil’s worst week since 2011 puts pressure on OPEC+ to respond
  • OPEC’s top official says group showing renewed commitment
  • WTI extend losses Friday, taking weekly drop to around 14%
  • Brent down 2.2% at $51.01 a barrel (0407GMT, 27 Feb)
  • WTI down 2.6% at $45.85 (0407GMT, 27 Feb)
  • Brent at $50.85 (0533GMT, 28 Feb (ICE))
  • WTI at $45.56 (0553GMT, 28 Feb (ICE))

Precious metals

  • Gold rises as coronavirus fuels global slowdown worries
  • Spot gold up 0.2% at $1,645.79/oz. (0055GMT)
  • US gold futures up 0.1% at $1,644.20/oz.

Grains

  • Wheat set for biggest monthly drop in 7 amid pandemic fears
  • Wheat down 0.3% at $5.26 a bushel (0119GMT)
  • Wheat down 5.1% month thus far
  • Soybean futures up 2.5% so far this month
  • Corn futures down 3.5% for the month

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]

  • South Africa’s EFF protest march on loadshedding & Eskom privatisation
  • Germany’s Steinmeier in Sudan; 27-28 Feb
  • Kenya’s constitutional review consultation forum in Meru (29 Feb); Kenyatta & Odinga to attend
  • South Africa M3 Jan-20 [act. 7.0% yy, fcst. 6.6%, prev. 6.2%]
  • South Africa PSCE Jan-20 [act. 5.0% yy, fcst. 5.5%, prev. 6.1%]
  • South Africa trade balance Jan-20 [prev. ZAR14.8B]
  • Nigeria manufacturing PMI Feb-20 [prev. 59.2]
  • Nigeria FX reserves Feb-20 [prev. $38.1B]
  • Zambia inflation Feb-20 [fcst. 12.5% yy, prev. 13.2%]
  • Kenya inflation Feb-20 [fcst. 5.2% yy, prev. 5.8%]
  • Uganda inflation Feb-20 [fcst. 3.4% yy, prev. 3.4%]
  • Ghana’s Akufo-Addo Europe (Norway, UK, Switzerland, & Belgium) tour; 22 Feb – 4 Mar

Key African events or data releases yesterday & early a.m today

  • Nigeria confirms first case of coronavirus
  • Train accident in northern Egypt injures 38
  • Namibia economy shrunk by 1.9% in 2019 but set to recover – central bank
  • Embalo sworn in as Guinea-Bissau president, election remains in dispute
  • South Africa president orders repatriation of citizens in Wuhan over coronavirus
  • Moody’s sees ‘elevated’ risks to South Africa budget forecasts
  • Africa Oil – Bonga April loading dates slow to emerge
  • Eni, Naturgy clinch deal that will reopen Egypt’s Damietta LNG plant by June
  • Nigeria police free children, pregnant teens from ‘baby factory’
  • Nigeria’s [terrorists] targeting Christians to prove religious war, says minister
  • Anger as Somali rapist and murder pays 75 camels to escape death
  • Malawi legalises cannabis for medicine and industrial fibres
  • South Africa’s Steinhoff sales rise in Christmas quarter on strong Pepco performance
  • Kenya Airways names budget subsidiary’s boss as new CEO
  • Rand falters as public wage cuts may not save South Africa’s credit rating
  • South Africa unit of Philip Morris welcomes tax stance on cigarette alternatives
  • France says Mali envoy is spreading fake news over its troops
  • Zambia, Uganda currencies seen softening, Kenya’s to firm; in week ahead
  • Running out of time: East Africa faces new locust threat
  • South Africa’s Massmart falls to annual loss; no dividend
  • Flights resume at Libya’s Mitiga
  • Kenya university berated for blaming “reckless” rape victim
  • Zimbabwe state power company to increase electricity tariff by 19.02%
  • Uganda shilling extends losses on the back of banks’ demand
  • Shelling stops flights at Tripoli’s Mitiga airport – statement
  • Kenya shilling inches up on sluggish demand for dollars
  • Kizomba – Angola’s answer to Salsa – gaining global following
  • South Africa’s Implats further delays closure of some shafts
  • South Africa’s Massmart swings to annual headline loss, no dividend
  • South Africa’s Impala Platinum says H1 earnings rise 41%
  • Tunisia’s parliament approves a coalition govt

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

macroafricaintel Daily Brief | 27 Feb

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

Global Markets

  • Asian stocks slide deeper as pandemic fears grow
  • Nikkei down more than 1%, Hong Kong down 1%, E-minis drop
  • US crude at 1-yr low

Oil Markets

  • Oil falls for fifth day as coronavirus spreads outside of China
  • US crude stocks rise, gasoline inventories drop – EIA
  • OPEC+ due to meet over March 5-6
  • Brent down 1.4% at $52.66 a barrel (0204GMT)
  • WTI down 1.6% at $47.93

Precious metals

  • Gold gains on virus spread, rate cut hopes
  • Spot gold up 0.5% at $1,648.14/oz. (0316GMT)
  • US gold futures up 0.4% at $1,650.10/oz.

Grains

  • Soybeans edge lower on pandemic fears
  • Soybean futures down 0.2% at $8.90-1/2 a bushel (0140GMT)
  • Corn futures down 0.3% at $3.73-1/4 a bushel
  • Wheat futures down 0.6% at $5.32-1/2 a bushel

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]

  • African Union – European Union partnership meeting in Addis Ababa
  • South Africa producer inflation Jan-20 [fcst. 4.6% yy, prev. 3.4%]
  • Ghana’s Akufo-Addo Europe (Norway, UK, Switzerland, & Belgium) tour; 22 Feb – 4 Mar
  • Ghana’s Akufo-Addo speaks at Chatham House in London
  • South Africa state capture inquiry continues

Key African events or data releases yesterday & early a.m today

  • Tunisia’s parliament approves a coalition government
  • Niger police rescue 232 victims of sex trafficking, forced labour
  • Nigeria’s govt licenses two gold refineries – mines minister
  • Zimbabwe’s economic reform agenda off-track – IMF
  • South Africa proposes public sector wage cuts to rein in deficit
  • South Africa’s budget underscroes ‘severe deterioration’ in state finances – Fitch
  • South Africa’s Treasury head warns of debt trap if wage cuts do not materialise
  • Zimbabwe plans subsidised shops for security forces
  • Dangote Cement to start exports from Congo after Nigerian export woes
  • Ethiopia further delays award of two telecoms licences
  • Unions challenge South Africa’s Telkom in court over redundancy offers
  • Phones of South Africa’s state security minister, other officials, found to be cloned
  • Africa Oil – Angolan cargoes struggle to find buyer interest
  • Libya’s oil production at 135,723 bpd as of Tuesday Feb. 25 – NOC
  • South African rand lifted by talk of public sector wage cuts
  • Zimbabwe hikes maize producer price fivefold to shore up reserves
  • Ethiopia asks US to postpone final talks on Blue Nile dam
  • Over 1,500 workers could take voluntary redundancy at South Africa’s Telkom – court papers
  • Dangote Cement’s export volumes in 2019 affected by Nigeria’s border closure
  • Guinea’s Conde hints at running for third term, brushing aside protests
  • IMF says has financing to provide $334 mln in debt relief to Somalia
  • Nigeria’s Zenith Bank loan growth to slow in 2020 in line with economy
  • Activists warn over slavery as Mauritania joins UN human rights council
  • South Africa’s COSATU says won’t allow workers’ wages to be slashed
  • Pomp, praise and a divided legacy as Egypt buries Mubarak
  • South Africa’s budget deficit seen at 18-yr high next fiscal year – Treasury
  • Algeria flight suspension or protest ban ‘not on agenda’ over coronavirus
  • Burundi govt says it kills at least 22 people in pre-election violence
  • Uganda shilling weakens as demand from energy and banks weighs
  • Eastern Libya’s FM says cannot force end to oil blockade
  • Algeria not to suspend flights over coronavirus – official
  • South Africa unions threaten protests over public sector wages
  • Wrestlers fight for peace in ravaged South Sudan
  • Kenya Power’s full-year pretas profit slumps 93%
  • Kenya shilling firm amid end-month demand
  • Russia accuses Turkey of helping foreign fighters enter Libya – Ifax
  • Russia says Libya’s warring factions don’t look ready to implement Berlin decisions – TASS
  • South Africa’s PSA union will not accept pay freeze or cuts
  • Egyptair postpones resumption of flights to China
  • Apache Corp, Pharos Energy among bidders for Shell’s Egypt onshore assets – sources
  • South Africa’s NEHAWU says govt wants to review public sector wage deal

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

macroafricaintel Daily Brief | 26 Feb

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

Global Markets

  • Asian shares slump, bonds rally as virus fears grow
  • CDC warns Americans on virus
  • Treasury yields remain near record lows
  • Japan stocks hit by fears of Olympics cancellation
  • Oil gains, but more downside risks seen

Oil Markets

  • Oil rises on short-covering despite growing fears over coronavirus
  • Investors unwind positions as WTI slides below $50/bbl
  • US crude inventories rise for fifth week – API
  • Brent up 0.8% at $55.37 a barrel (0154GMT)
  • WTI up 0.9% at $50.33

Precious metals

  • Gold gains as pandemic fears hit risk appetite
  • Spot gold up 0.5% at $1,643.49/oz. (0124GMT)
  • US gold futures down 0.2% at $1,647/oz.

Grains

  • Wheat, corn lose ground as coronavirus fears hit markets
  • Wheat, corn fall for 5 of 6 session on virus fears
  • Soybeans edge up, declining Chinese demand to curb gains
  • Wheat futures down 0.5% at $5.34-1/4 a bushel (0353GMT)
  • Corn futures down 0.1% at $3.76-1/4 a bushel
  • Soybean futures up 0.1% at $8.89 a bushel

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]

  • South Africa 2020 budget by finmin Mboweni [deficit fcst. 6.1% of GDP (2019/20), 6.5% (2020/21), 6.3% (2021/22)]
  • Mauritius interest rate decision [fcst. 3.35%, prev. 3.35%]
  • Ghana’s Akufo-Addo Europe (Norway, UK, Switzerland, & Belgium) tour; 22 Feb – 4 Mar
  • Nigeria’s Supreme Court reviews Bayelsa gubernatorial decision [Negative]
  • ‘Meetings Africa’ business tourism event in Johannesburg; 24-26 Feb
  • Germany’s President Steinmeier in Kenya; 23-26 Feb
  • South Africa state capture inquiry continues

Key African events or data releases yesterday & early a.m today

  • Liberian former IMF Africa chief named as deputy managing director
  • Algeria announces first confirmed case of coronavirus
  • Erdogan says two Turkish troops killed in Libya conflict
  • Africa Oil – Bonga programme lags behind
  • Algeria leader to go to Saudi Arabia in first state visit since election
  • US military says killed militant leader behind attack in Kenya that killed Americans
  • US air strike in Somalia killed militant behind January attack on base in Kenya – AFRICOM
  • Kenya shuts slaughterhouses over loss of donkeys to China
  • Domestic Ivorian cocoa exporters competing with multinationals fear bankruptcy
  • South Africa rand weaker ahead of budget speech
  • Somalia telecoms employee killed by US air strike – company
  • CAF bars Zimbabwe from hosting international matches
  • Egypt’s Mubarak, ousted by popular revolt in 2011, dies aged 91
  • Russia to push for lifting limits on CAR diamond exports
  • Egypt announce three days of mourning for former president Mubarak
  • OPEC+ will take responsible approach to virus – Saudi energy minister
  • South Africa’s Shoprite and Equities Property fund form $273 mln JV
  • Deere taps tractor-hailing tech in bid to break ground in Africa
  • Uganda shilling weakens on uptick in demand by energy importers
  • Libya’s oil production at 122,430 bpd as of Feb. 23 – NOC
  • Egypt planted 3.4 mln feddans of wheat this season – official
  • Kenya shilling seen trading in a tight range
  • MTN eSwatini appoints Wandile Mtshali as unit’s CEO
  • South Africa’s rand recovers as budget risk draws nearer
  • South Africa’s Libstar full-year earnings expected to rise
  • South Africa’s Shoprite misses half-year forecasts on hyperinflation accounting

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

macroafricaintel Daily Brief | 25 Feb

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

Global Markets

  • Asian shares lead global rout, bonds bet on rate cuts
  • Markets price in risk of pandemic, deep damage to world economy
  • Nikkei futures point to 1,000 point fall, matching Dow
  • Bonds fly as investors wager on central bank, fiscal stimulus
  • Oil leads commodities sharply lower on demand fears

Oil Markets

  • Oil bounces as investors hunt bargains; virus fears cap gains
  • Investors seek bargains as WTI drops near $50/bbl
  • Saudi Aramco says coronavirus impact to be short-lived
  • Brent up 0.5% at $56.59 a barrel (0212GMT)
  • WTI up 0.4% at $51.65

Precious metals

  • Gold falls from 7-yr high on profit-taking, virus fears cap losses
  • Spot gold down 0.7% at $1,649.49/oz. (0132GMT)
  • US gold futures down 1.5% at $1,651/oz.

Grains

  • Soybeans edge higher, coronavirus fears keep prices near 3-wk low
  • Soybean futures up 0.5% at $8.86-1/2 a bushel (0247GMT)
  • Corn futures up 0.1% at $3.72-3/4 a bushel
  • Wheat futures little changed at $8.81-3/4 a bushel

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]

  • South Africa’s Ramaphosa speech at National House of Traditional Leaders
  • Rwanda central bank 2020 monetary policy & financial stability statement
  • South Africa state capture inquiry resumes
  • Germany’s President Steinmeier visits Kenya; 23-26 Feb

Key African events or data releases yesterday & early a.m today

  • Morocco’s Attijariwafa Bank 2019 net profit up 1.9%
  • US Supreme Court open to more damages against Sudan over embassy bombings
  • Senegal opens West Africa’s first big wind farm in push for renewables
  • Nigeria picks Egypt Air consortium for aviation venture
  • Lesotho PM seeks immunity from charge of murdering second wife
  • Saudi, Egypt, Bahrain to resume Qatar post services despite dispute
  • Eastern Libyan lawmakersnot to join Geneva talks
  • South Africa’s rand, stocks tumble as coronavirus adds to budget worries
  • Egypt raises cigarette prices after VAT amendments
  • Africa Oil – Programmes for some key Nigerian grades slow to emerge
  • Togo president declares landslie election win, opponent slams ‘masquerade’
  • South African HIV carriers bullied before birth to accept sterilisation
  • Artisanal miners attack Gemfields’ Mozambiuqe ruby unit, injuring four
  • Detained Tanzanian journalist freed after pleading guilty to financial crimes
  • Ghana expects Aker Energy decision on Pecan oilfield within 1-2 months
  • Rival eastern Libya-based parliament suspends participation in Geneva peace talks
  • Lesotho’s ruling ABC party wants PM to step down, names successor
  • Egypt hails new ‘furniture city’ but many craftsmen unconvinced
  • First Abu Dhabi Bank expects to finish due-diligence on Bank Audi’s Egypt business by Q2
  • South Africa’s Sasol slides to 14-yr low as US project hurts profits
  • Mauritius blocks some Italian visitors over coronavirus concerns – Alitalia
  • Tunisia says it may suspend some Italy flights over coronavirus
  • Libya govt says Haftar’s forces must withdraw from near capital
  • Nigeria posts highest quarterly GDP growth in Q4 since recession
  • Libyan premier denounces Haftar as “war criminal” at UN
  • Egypt executes militant Ashmawy after being convicted over attacks – sources
  • South Africa’s Sasol to keep coal mining business – CEO
  • Lesotho PM appears in court to hear charges of murdering wife
  • Nigeria’s economy grew 2.55% in Q4 – stats office
  • Kenyan shilling holds steady against the dollar
  • Kenya central bank to hold its rate-setting meeting on March 23
  • South Africa’s Sasol half-year earnings fall 74%
  • Imported camels evacuated from Libya’s capital after port comes under fire
  • Togo President Gnassingbe wins re-election in landslide – preliminary results

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

macroafricaintel Daily Brief | 24 Feb

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

Global Markets

  • Shares drop, gold surges as investors scurry for safety
  • MSCI ex-Japan extend losses, Japan closed for public holiday
  • E-mini futures for S&P 500 fall more than 1% in Asia trading
  • Gold prices surge to highest since 2013
  • South Korea on high alert after virus cases surge to over 700
  • Coronavirus has killed 2,442 people in China

Oil Markets

  • Oil prices skid on demand concerns as virus spreads globally
  • Brent down 2.9% at $56.81 a barrel (0158GMT)
  • WTI down 2.6% at $51.98

Precious metals

  • Gold jumps over 2% as virus spread spurs safe-haven demand
  • Spot gold up 1.1% at $1,661.86/oz. (0304GMT)
  • US gold futures up 1% at $1,664.60/oz.

Grains

  • Corn falls to 6-wk low as coronavirus rattles markets
  • Corn futures down 0.5% at $3.75-1/4 a bushel (0105GMT)
  • Soybean futures down 0.5% at $8.85-3/4 a bushel
  • Wheat futures down 1% at $5.46-3/4 a bushel

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]

  • Nigeria GDP Q4-19 [fcst. 2.3% yy, prev. 2.3%]
  • Nigeria GDP 2019 [fcst. 2.2%, prev. 1.9%]
  • Final Togo presidential election results by Supreme Court; incumbent Gnassingbe won 72% of vote in preliminary results

Key African events or data releases over the weekend & early a.m today

  • Algeria president urges spending rationalisation to ease financial problems
  • Doctor, parents face trial in Egypt for girl’s death after genital cutting
  • Eastern Libya forces say 16 Turkish soldiers killed in fighting
  • Egypt to launch bid round in March for gold exploration in Eastern Desert – official
  • Sawiris in talks to buy 51% stake in Egypt state-owned mining firm
  • Now to end ‘long suffering’: South Sudan’s former rebel leader sworn in as first vice president
  • Ethiopia plans to release interim jet crash report as probe continues
  • Lesotho PM granted medical leave from wife murder case – police
  • Egyptian court acquits Mubarak’s sons of illicit share trading
  • Sudan to investigate violence against protesters in Khartoum
  • Morocco’s CPI up 1.3% y/y in January – planning agency
  • South Sudan President Kiir appoints former rebel leader vice president
  • Libya ceasefire talks going in “right direction”, UN envoy says
  • Africa Oil – More Nigerian programmes emerge
  • South African rand recovers from four-month low
  • Algerian protesters mark year of protests and demand more reforms
  • ‘Traumtised’ Africans stranded by coronavirus plead to be brought home
  • Politicians become the punchline as Kenya’s comedy scene booms
  • Prime minister leaves Lesotho, avoids being charged with murdering wife
  • Senegal’s start-up act to boost female-led business in first for West Africa
  • South Sudan seeks rise in oil exploration and output after peace deal
  • South Africa’s lobster catchers suffer in coronavirus fallout
  • Lesotho police: if PM tries to flee justice, we will issue arrest warrant
  • Kenyan shilling seen easing on end month demand
  • Lesotho PM Thabane has gone to South Africa to see a doctor – son
  • Insurance group Sanlam Kenya swings to full-year profit
  • Uganda shilling weakens slightly on demand by banks
  • Libya’s Haftar says any ceasefire would be contingent on Turkish withdrawal – RIA
  • South Africa’s rand flat as virus-linked selloff gives way to budget caution
  • South Africa’s AngloGold Ashanti posts 72% higher full-year earnings

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

macroafricaintel Weekly | 24 Feb

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

Click here for PDF version

Date Data / Event Period Forecast Previous
24 Feb Nigeria GDP, % yy Q4 2019 2.3 2.3
24 Feb Nigeria GDP, % yy FY 2019 2.2 1.9
26 Feb Mauritius Interest Rate, % 3.35 3.35
26 Feb South Africa Budget Balance, % GDP 2019/20 -6.1 -5.9
26 Feb South Africa Budget Balance, % GDP 2020/21 -6.5 -6.5
26 Feb South Africa Budget Balance, % GDP 2021/22 -6.3 -6.2
27 Feb South Africa PPI, % yy (mm) Jan 2020 4.6 (0.3) 3.4 (0.2)
28 Feb South Africa M3, % yy Jan 2020 6.6 6.2
28 Feb South Africa PSCE, % yy Jan 2020 5.5 6.1
28 Feb Zambia CPI, % yy (mm) Feb 2020 12.5 (1.8) 13.2 (1.3)
28 Feb Kenya CPI, % yy (mm) Feb 2020 5.2 (0.3) 5.8 (0.3)
28 Feb Uganda CPI, % yy (mm) Feb 2020 3.4 (0.3) 3.4 (0.0)

macroafricaintel Daily Brief | 21 Feb

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

Global Markets

  • Asia looks to safer shores in US assets as virus spreads
  • Dollar scales 3-yr peak, sovereign bonds in demand
  • Markets spooked as virus spreads outside China
  • Nikkei dips even as yen’s slide aids exporters
  • Gold reaches a 7-yr peak; watching flash PMIs

Oil Markets

  • Oil prices slide as coronavirus spread beyond China raises demand worries
  • Brent down 0.4% at $59.07 a barrel (0155GMT)
  • WTI down 0.5% at $53.63

Precious metals

  • Gold steady near 7-yr peak as persistent virus fears dampen China stimulus
  • Spot gold little changed at $1,619.33/oz. (0108GMT)
  • US gold futures up 0.1% at $1,622.60/oz.

Grains

  • Wheat edges higher, set for biggest weekly gain in almost 3 mths
  • Wheat futures up more than 3% so far this week
  • Soybean futures little changed for the week
  • Corn futures up slightly for the week, after losing 1.5% last week

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]

  • South Africa armed forces day; Ramaphosa to officiate
  • South Africa state capture inquiry continues
  • Togo presidential election; 22 Feb

Key African events or data releases yesterday & early a.m today

  • Algeria leader warns against attempts to incite protesters to violence
  • Libya’s NOC oil output at 122,424 bpd as of Feb. 20
  • Nigeria asks US to remove it from visa restriction list
  • Sudan security forces crack down on protest over dismissed officers
  • Egypt’s central bank keeps overnight interest rates steady
  • Ethiopia gets back Christian crown spirited away to Rotterdam decades ago
  • Africa Oil – Nigerian programmes trickle out
  • Morocco ready for next step in dirham float process, says finance minister
  • Zambia police arrest 16 suspects after chemical attacks
  • South Sudan to form unity govt by Saturday deadline
  • Kenya’s Absa Bank says virtual banking app used by almost 5 mln customers
  • South Africa’s rand weakens on strong US dollar; stocks down
  • Namibia to repeal two tax policies, partly to appease EU
  • Court voids conviction of Ugandan academic known for crude attacks on president
  • Top worry for young Africans? Jobs and corruption – but green anxieties grow
  • Togo’s president seeks re-election to extend 50-yr dynasty
  • Lesotho PM faces charge of murdering first wife, says to step down
  • Ivory Coast to issue $380 mln eurobond this year – PM
  • Angola’s Isabel dos Santos says repaid bulk of loans to Portuguese banks
  • Uganda shilling trades flat on sluggish appetite
  • Kenya police killings in poor Nairobi districts continue – rights group
  • South African miner Exxaro to sell Leeuwpan and Exxaro Coal Central
  • Malawi maize output to climb 8.8% as rains return
  • Kenya shilling under pressure from end-mth dollar demand
  • Namibia first African country to export red meat to hungry US market
  • Russia: oil producers agree no need to hold early OPEC+ meeting
  • Womenswear mistakes, poor Black Friday dent South Africa’s Woolworths’ half-year profit
  • Investors in South Africa’s Discovery soothed on spending, shares rise 7%
  • Egyptair to resume flights to China from next week – statement
  • Algeria ready to mediate in Libya ceasefire talks – president to paper
  • Kenya to issue 150 bln shillings roads bond by June – report
  • South Africa’s Discovery reports 10% drop in profit
  • South Africa’s Truworths post marginal rise in profit
  • South Africa’s Woolworth HY earnings fall 17.7%

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