Monthly Archives: December 2020

macroafricaintel Daily Brief | 1 Jan

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

Global Markets
• World rings in 2021 and says good riddance to 2020
• Wall street closes out wild pandemic year with Dow, S&P at records
• Bitcoin touches record above $29,000, extending 2020 rally
• Brent settled at $51.80, down 21.5% end-2020
• WTI settled at $48.52, down 20.5% end-2020
• Gold ends volatile 2020 with strong gains; silver outperforms

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• New year; presidents speak/send messages to their nations
• AfCFTA start of trading launch ceremony; Ramaphosa, Faki, et al. speakers
• Vote-counting & results collation in 27 Dec. Niger & CAR elections
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• World risks ‘moral catastrophe’ if covid shots delayed in Africa, its CDC chief says
• Sudan declares full control of border territory settled by Ethiopians
• Twenty die in Algeria road accident
• Dutch charity says employee killed in Ethiopia’s Tigray region
• Niger ruling party’s Bazoum extends lead in presidential election
• UK & Ghana to miss Brexit trade deadline, but deal close – source
• South Africa reports record daily covid-19 cases of nearly 18,000
• South Africa to get firm date on delivery of vaccine by early January, experts say

Bloomberg
• Mali former prime minister faces charges over alleged coup plan
• Nigeria stocks index ends year as world-best with 50% gain
• Nigeria weakens the naira to record low in year-end trade
• Amid surge in violence in Congo, UN experts see no terrorist link
• Zambia inflation quickens for fourth straight month in December
• South Africa stocks set to finish year with gain of more than 4%
• South Africa reports record daily covid infections of 17,710

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

macroafricaintel Daily Brief | 31 Dec

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

Global Markets
• Vaccines, stimulus set tone for 2021 as year ends on bullish note
• Asia shares set to finish 2020 at record high, riskier currencies in favour
• Exxon signals up to $20 bln writedown to overwhelm Q4 gains in oil, chemicals
• Oil set for 20% drop in 2020 as lockdowns weigh, market eyes more stimulus
• Brent down 0.5% at $51.38, WTI down 0.2% at $48.29 (0246GMT)
• Gold set for best year in a decade with 24% rise
• Spot gold down 0.2% at $1,889.58/oz., futures little changed at $1,892.90 (0353GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Holiday week 2
• Nigeria’s Buhari signs 2021 budget
• Kenya IEBC starts BBI signatures verification exercise
• AfCFTA start of trading launch ceremony; Ramaphosa, Faki, et al. speakers (1 Jan)
• South Africa M3 Nov-20 [act. 8.2% yy, prev. 9.8%]
• South Afrrica PSCE Nov-20 [act. 3.4%, prev. 3.2%]
• Vote-counting & results collation in 27 Dec. Niger & CAR elections
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Opposition in CAR calls for repeat of disrupted election
• Egypt summons Ethiopia’s envoy over comments – statement
• Reuters cameraman detained in Ethiopia has seen no evidence against him, lawyer says
• Ivory Coast opposition leader Affi released 2 mths after election-spat arrest
• Ethiopia migrant who became symbol of integration in Italy killed on her goat farm
• Uganda opposition candidate Bobi Wine arrested, police fire tear gas at protesters
• Zimbabwe delays new school term due to rising Covid-19 cases, cyclone
• Tropical storm Chalane lands in Mozambique
• Morocco arrests dissident, investigates alleged money laundering
• Nigeria warns on oxygen supplies, dysfunctional labs in tackling covid

Bloomberg
• South Africa reports record daily covid infections of 17,710
• Ghana opposition challenges election outcome in supreme court
• Uganda opposition leader arrested days before Jan.14 vote
• South Africa stocks rise amid Naspers rebound, new vaccine
• South Africa Bitcoin trader under liquidation, Business Day says
• Algeria president returns home after covid treatment in Germany
• Nigeria development bank gets $1 bln loan to help businesses
• Seychelles bans gatherings, shuts schools as virus cases rise

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

macroafricaintel Daily Brief | 30 Dec

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

Global Markets
• US detects first known case of covid variant as Biden offers bleak vaccine outlook
• Investment banking from home thrived under covid-19, but some fear losing their touch
• Asian shares hit record high as investors bet on recovery next year
• Oil up on hopes of recovery in demand, lower US inventories
• Brent up 0.4% at $51.28, WTI up 0.6% at $48.29 (0255GMT)
• Dollar lifts gold amid worries over US stimulus delay
• Spot gold up 0.3% at $1,883.88/oz., futures up 0.2% at $1,887.40 (0313GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Holiday week 2
• Ghana opposition NDC’s Mahama files presidential election petition at supreme court
• South Africa’s Eskom implements loadshedding [from 10pm SA time]
• Vote-counting & results collation in 27 Dec. Niger & CAR elections
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• UN rights experts urge Uganda to halt pre-election violence, arrests
• Ghana opposition to challenge presidential election loss
• Niger ruling party candidate Bazoum leads early presidential results
• 3 France soldiers killed in Mali on Monday – Elysee
• Zimbabwe bans use of mercury in mining
• Violence closed 800 polling stations in CAR
• Burkina Faso President Kabore vows reconciliation during 2nd term

Bloomberg
• South Africa: Africa’s virus capital risks becoming vaccine laggard
• Mozambique insurgents stage closest attack yet to Total LNG site
• 6 firms submit applications for South Africa spectrum auction
• US foreign policy hits a crossroads in the Sahara
• Nigeria stocks head for best annual run since 2013
• China is struggling to get the world to trust its vaccines
• Zimbabwe bans use of mercury in mining, Herald says

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

macroafricaintel Daily Brief | 29 Dec

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

Global Markets
• House approves higher relief checks, overrides Trump’s veto of defense bill
• Asia shares rise on US stimulus fix, Nikkei hits 30-yr high
• Oil rises on hopes US pandemic stimulus to spur fuel demand
• Brent up 0.5% at $51.09, WTI up 0.5% at $47.85 (0410GMT)
• Gold gains on softer dollar; US senate pandemic aid vote eyed
• Spot gold up 0.4% at $1,877.96/oz., futures down 0.1% at $1,879.40 (0314GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Holiday week 2
• South Africa constitutional court rules on Zuma v Zondo
• South Africa ministers brief press on adjusted covid alert level 3 status
• Vote-counting continues in 27 Dec. Niger & CAR elections
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• 3 France soldiers killed in Mali on Monday – Elysee
• Violence closed 800 polling stations in CAR
• Banks reopen in Ethiopia’s Mekelle for first time since war broke out
• South Africa bans alcohol sales, tightens curfew in new covid-19 restrictions
• Ethiopia police arrest Reuters cameraman
• Burkina Faso President Kabore vows reconciliation during 2nd term
• Ivory Coast rains augur well for cocoa mid-crop
• Niger votes in search of first democratic transition
• South Africa’s total covid-19 cases cross 1 million mark
• Sudan deploys troops in South Darfur after tribal violence – report

Bloomberg
• Virus resurgence spurs South Africa to ban alcohol sales
• South Africa to bolster curbs as new virus infections surge
• Burundi launches airline amid similar initiatives in east Africa
• Ethiopia detains Reuters journalist covering Tigray conflict
• Uganda ban on campaign rallies favors Museveni, opposition says
• South Africa stocks slide as China tech probe weighs on Naspers

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

macroafricaintel Daily Brief | 28 Dec

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

Global Markets
• Trump signs pandemic aid bill under pressure; global shares up, dollar indifferent
• Big tech bets and crypto power 2020’s top US funds
• Oil trims losses after Trump signs aid bill; demand concerns linger
• Brent down 0.5% at $51.04, WTI down 0.4% at $48.04 (0700GMT)
• Gold gains 1% as Trump signs stimulus bill
• Spot gold up 1% at $1,895.03/oz., futures up 0.8% at $1,899.10 (0145GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Holiday week 2
• Zambia’s Lungu receives report on 23 Dec. police killings of govt lawyer & HH supporter
• South Africa balance of trade Nov-20 [prev. ZAR36.1B]
• Vote-counting begins in 27 Dec. Niger & CAR elections
• Covid-19 updates by authorities across the continent

Key African events or data releases over the weekend & early a.m today
Reuters
• Ethiopia police arrest Reuters cameraman
• Sudan deploys troops in South Darfur after tribal violence – report
• Sudan taking control of land on border with Ethiopia – minister
• South Africa total covid-19 cases cross 1 million mark
• Uganda’s Bobi Wine says bodyguard killed by police who deny charge; 3 reporters hurt
• Niger votes in search of first democratic transition
• CAR votes ‘massively’ amid sporadic rebel gunfire
• UN peacekeepers killed in CAR before election
• Deadly fire hits Egypt hospital treating covid patients – sources, media
• Death toll from attack in western Ethiopia reaches 222, Red Cross says
• At least 15 dead in delays at South Africa-Zimbabwe border – TV news
• 7-year old boy who adores Elon Musk is sensation on Uganda aviation scene
• Mali opposition leader and presidential hopeful Cisse dies
• Ethiopia says national election to be held in June
• Ethiopia military kills 42 people involved in deadly attack – Fana TV
• Judge orders detention of Tunisia media magnate Karoui
• At least 20 die as migrant boat sinks off Tunisia
• Nigeria school abductions sparked by cattle feuds, not extremism, officials say
• Eritrea reports first covid-19 death – information ministry
• Powerful business lobby replaces ally of ex-Congo president Kabila
• Gunmen kill more than 100 in attack in Ethiopia’s Benishangul-Gumuz region

Bloomberg
• South Africa mulls reinstating alcohol ban as virus cases surge
• South Africa reports more than 1 mln cases of covid-19
• Ghana opposition party plans legal challenge to election results
• Niger set for first democratic transition Issoufou steps down
• Egypt’s Cleopatra said near deal to merge with Alameda Health
• Ethiopia to hold elections June 5 after vote delay due to virus
• Soumaila Cisse, Mali politician who was held hostage, dies at 71
• South Africa rejects UK claims over new coronavirus variant
• Mozambique troops fight off attack near $20 bln LNG project
• Egypt holds interest rates as new virus strain prompts caution
• Kenya doctors end strike after state’s pledge on virus concerns
• South Africa-Zimbabwe: Delays leaves commuters stranded at Africa’s busiest border
• Bidders listed for South Africa’s emergency electricity program
• Labor groups accept South Africa airline pay settlement paving way for revival
• Former Tunisia presidential candidate Karoui ordered detained
• Shell oil site seized by Nigeria state over unpaid damages
• Guinea tightens measures for UK, South Africa travelers on virus
• Vodafone Egypt to launch nano lending with Bank of Alexandria
• Egypt’s military companies aren’t going anywhere
• South Africa health minister urges review of virus restrictions
• More than 100 people killed in western Ethiopia in latest attack
• Israel and Morocco sign deal to promote financial collaboration
• Two shot dead as Zambia police break up opposition gathering

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

macroafricaintel Daily Brief | 24 Dec

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

Global Markets
• Defying Congress, Trump vetoes defense bill, threatens govt shutdown
• Asian stocks and pound cheer Brexit, Alibaba slumps on monopoly probe
• Oil rises on US inventory draw, Brexit deal hopes
• Brent up 0.4% at $51.40, WTI up 0.4% at $48.30 (0124GMT)
• Gold firms on weaker dollar, US stimulus bets
• Spot gold up 0.2% at $1,875.61/oz., futures up 0.2% at $1,881.20 (0316GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Holiday week
• Elections in Niger & Central African Republic (27 Dec)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Powerful business lobby replaces ally of ex-Congo president Kabila
• Over 100 people killed in attack in Ethiopia’s Benishangul-Gumuz region – state rights commission
• Police detain Uganda human rights lawyer ahead of vote
• Mutated coronavirus variant from South Africa found in UK, health minister says
• Swiss to resume flights for stranded Britons & South Africans to go home
• Fearing violence, shops shut, people hunker down before CAR vote
• Malawi closes borders again following coronavirus resurgence
• Africa needs about $9 bln for covid-19 vaccines, access is big problem – Afreximbank
• Insider Bazoum emerges as likely winner in Niger’s first democratic transfer of power
• DP World to build new port in Senegal costing over $1 bln
• Guatemala bans travelers from UK, South Africa on coronavirus concerns
• Ghana, Kenya & Nigeria to tap markets in 2021 as frontier debt springs back to life
• Tunisia says it does not intend to normalise relations with Israel

Bloomberg
• More than 100 people killed in Western Ethiopia in latest attack
• Israel & Morocco sign deal to promote financial collaboration
• Two shot dead as Zambia police break up opposition gathering
• Morocco’s plan to repay IMF credit hints at economic turnaround
• Opera’s Opay eyes North Africa after breaking-even in Nigeria
• DP World to invest $1 bln to develop new port in Senegal
• South Africa stocks fall as weak miners eclipse rising banks
• Biggest Nigeria pension fund manager has plan to help the naira
• South Africa petroleum lobby seeks competition act exemptions

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

macroafricaintel Daily Brief | 23 Dec

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

Global Markets
• Stock futures slip as Trump threatens to derail stimulus bill
• Asian business confidence gains steam, pandemic still top risk: Thomson Reuters/INSEAD survey
• Oil falls on surprise build in US crude stocks, Trump threat to US relief spending
• Brent down 0.9% at $49.62, WTI down 1% at $46.56 (0142GMT)
• Gold inches higher on hopes of further US stimulus
• Spot gold up 0.2% at $1,863.83/oz., futures down 0.1% at $1,868.10 (0027GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Holiday week
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Russia sends extra 300 military instructors to CAR
• UN aims to get rights team to Ethiopia’s Tigray
• Kenya parliament halts covid-19 related tax relief
• Ivory Coast opens first protected marine area
• Ivory Coast company brings black dolls to African children
• US reinstates Sudan’s sovereign immunity, authorizes funds to help pay debt
• Morocco hosts Israel envoys, Kushner to flesh out new relations
• Sundance seeks $8.8 bln in damages over Congo iron ore project
• Nigeria advises regions to limit public gatherings amid covid-19 spike
• US charges Libyan in 1988 Lockerbie bombing that killed 270

Bloomberg
• South Africa’s petroleum lobby seeks competition act exemptions
• Saudi Arabia sees foreign investment boost from India, Egypt
• UN urges Ethiopia to grant aid agencies access to Tigray
• Once a pariah, Sudan regains sovereign immunity from US
• Spain asks Morocco to explain PM’s comments on African enclaves
• Nigeria lending shows as battered economy dents demand: chart
• Virus surge puts South Africa hospitals under ‘severe strain’

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

macroafricaintel Daily Brief | 22 Dec

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

Global Markets
• US House passes $892 bln coronavirus relief package; Senate to vote
• Asian stocks slip as new covid-19 strain darkens recovery prospects
• Oil slips again as new coronavirus strain proves ‘nightmare before Christmas’
• Brent down 0.5% at $50.65, WTI down 0.6% at $47.67 (0156GMT)
• Gold inches higher on US stimulus deal, covid-19 jitters
• Spot gold up 0.1% at $1,878.72/oz., futures up 0.1% at $1,884.60 (0038GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Holiday week
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Russia, Rwanda send military support to CAR to quell election violence
• Sudan bans travel from countries with new coronavirus variant from Wednesday
• Kenya doctors strike in protest at inadequate benefits, PPE
• Countries bar South Africa flights over new covid-19 variant
• South Africa anti-graft watchdog accuses ANC leader of improper conduct
• South Africa’s Dis-Chem to buy Medicare Health, take stakes in two software firms
• Swiss impose entry ban for travelers from UK, South Africa
• Germany plans to restrict flights to and from UK, South Africa
• Rains give West Africa herders brief respite amid growing heat

Bloomberg
• Virus surge puts South Africa hospital under ‘severe strain’
• South Africa’s Sasol agrees on Mozambique gas plant sale in latest disposal
• World Bank outlines steps for Egypt to boost private investment
• Africa’s richest man initiates Nigeria’s first share buyback
• JPMorgan ousted as Mideast-Africa’s top dealmaker by US rivals
• Kenya’s mobile-banking pioneer to expand into money management
• Zimbabwe removes 10,000 ghost workers from payroll, Herald says
• Vodacom ends talks on sale of 55% stake in Egypt unit
• Kenya doctors strike to protest work conditions amid covid-19

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

macroafricaintel Daily Brief | 21 Dec

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica
Global Markets 
· Stocks, sterling unsettled as new virus strain shuts UK
· Congress reaches deal on covid-19 aid package
· European neighbours shut doors to UK amid alarm over new coronavirus strain
· Oil prices fall amid worries over new coronavirus strain
· Brent down 1.9% at $51.29, WTI down 1.7% at $48.27 (0103GMT)
· Gold gains as US stimulus deal inches closer
· Spot gold up 0.4% at $1,888.76/oz., futures up 0.2% at $1,892.80 (0048GMT)
Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
· International migrants day
· Kenya doctors join medics & nurses labour action, start strike
· Nigeria senate passes 2021 budget
· South Africa public protector releases investigation reports
· Covid-19 updates by authorities across the continent
Key African events or data releases over the weekend & early a.m today
Reuters
· CAR opposition calls for election delay due to violence
· Three killed when abandoned bomb explodes in Ethiopia capital – state news agency
· CAR says former president plotting a coup
· ‘You will die in the forest’ – Nigeria schoolboys describe kidnap ordeal
· Thosands protest in Sudan in call for faster reform
· Africa crosses 2.5 mln covid-19 cases – Reuters daily
· Algerians impatient for change with president still out sick
· Ethiopia offers reward for word on fugitive Tigray leaders
· Analysis – Spillover from Tigray conflict adds to pressure on Sudan
· Chaos and jubilation as freed Nigeria schoolboys reunite with family
· South Africa identifies new coronavirus strain causing surge in cases
· Send covid-19 wave hits West & Central Africa as weather cools
· Mauritius shipping disaster caused by lack of attention to safety – owner
Bloomberg
· Police say 84 hostages rescued from gunmen in northern Nigeria
· Zimbabwe power utility approves payment of bills in US dollars
· US forces to begin withdrawing from Somalia on Trump’s orders
· Germany mulls ban on flights from UK, South Africa, Bild says
· More students abducted in Nigeria but are quickly rescued
· South Africa’s Eskom bailout emerging as equity swap by biggest bondholder
· Cargo ship hijacked en route from Ghana to Cameroon: Maersk
· South Africa’s Mediclinic sees capacity strain with 2nd wave
· Xenophobia surges as covid-19 slams South Africa economy
· OPEC+ plans to take a more hands-on approach with the oil market
· EU pledges an extra $29 mln to help war-torn Ethiopia region
· Somalia accuses Kenya of arming local militia as tensions rise
· Sudan protesters mark anniversary of anti-Bashir uprising
· Republic of Congo cancels iron-ore project with Australia miner
· Suicide bomber kills 14 in attack aimed at Somalia prime minister
· South Africa cheetahs find new home in Zambia wetlands reserve
· Pierre Buyoya, Burundi leader who led two coups, dies at 71
· MTN to aid Nigeria effort to link phones to national IDs
· Ghana’s central bank shuts door on lending govt more money
· South Africa opposition files complaint over missed covax payment
· Ghana’s hung parlimanet sets president up for tough 2nd term
N.B. Full stories of above headlines are available on Reuters & Bloomberg

macroafricaintel Daily Brief | 18 Dec

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

Global Markets
• Asia shares retreat from record, but US stimulus hopes buoy market mood
• Macron tests positive for covid-19, European leaders rush for tests
• Oil retreats from 9-mth high as covid-19 surge stokes demand fears
• Brent down 0.5% at $51.24, WTI down 0.4% at $48.19 (0513GMT)
• Gold set for third weekly gain as traders eye US fiscal support
• Spot gold down 0.1% at $1,884.41/oz., futures down 0.1% at $1,889.40 (0531GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• African insurance awards 2020 virtual ceremony
• Nigeria senate passes 2021 budget (21 Dec)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Nigeria security forces rescue more than 300 schoolboys kidnapped by gunmen
• MTN could complete Nigeria sim card order within 6 mths – executive
• 2nd covid-19 wave hits West & Central Africa as weather cools
• Fishermen detained in eastern Libya have been freed – Italy
• UN agency seeks extra $204 mln for Zimbabwe as hunger bites
• Inside a military base in Ethiopia’s Tigray: soldiers decry betrayal by former comrades
• Zambia president calls for bigger state role in mines
• Zimbabwe c.bank to form new gold refining unit, sell shares to miners
• Nigeria expects to get its first covid-19 vaccine doses in January
• Somalia’s opposition urges Turkey not to send arms to police unit
• Sudan says officers ambuhed by Ethiopia ‘forces and militias’ during patrol
• Families of kidnapped Nigeria boys fear time running out
• Anger grows over security in northern Nigeria after kidnaps
• Drugmakers should cut covid-19 vaccine prices for Africa – Africa CDC
• Video purportedly released by Boko Haram claims to show kidnapped Nigeria schoolboys
• UN security council to talk Western Sahara after Trump policy switch

Bloomberg
• Ethiopia’s future hinges on a leader who’s brought peace – and conflict
• South Africa misses covax deadline to secure vaccines
• South Africa’s Eskom bailout emerging as equity swap by biggest bondholder
• Nigeria says 344 students kidnapped last week have been released
• South Africa misses covax deadline to secure vaccines
• WFP seeks $204 mln to provide food relief to Zimbabwe
• Boko Haram video shows seized schoolboys in a forest
• Finding new interest, Egypt readies to resume state firm IPOs
• Laggard South Africa bonds may get seasonal boost at year-end
• Huawei eyes Ethiopia growth as telecoms industry opens up
• Abu Dhabi oil giant mulls stake in Egypt’s first army firm offer
• Nigeria reopens borders after 16-mth shutdown raised prices
• New locust swarms in Africa, Yemen prompt UN appeal for funds
• Italy should hold Egypt to account for student’s killing

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