macroafricaintel Daily Brief | 14 Dec

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

Global Markets
• Historic vaccine campaign begins with first shipments
• Stocks hold out hope for vaccine-led recovery, US stimulus
• Suspected Russia hackers spied on US treasury emails – sources
• Electoral college will vote Monday, confirming Biden’s US presidential win
• Oil prices rise on vaccine hopes, ship explosion at Saudi Arabia
• Brent up 0.8% at $50.35, WTI up 0.7% at $46.89 (0454GMT)
• Gold falls as vaccine rollout lessens safe-haven demand
• Spot gold down 0.3% at $1,833.21/oz., futures down 0.3% at $1,838.10 (0615GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• South Africa’s Ramaphosa addresses nation on Covid-19 measures
• Ivory Coast’s Ouattara swears oath of office for 2nd “first” term
• South Africa producer inflation Nov-20 (15 Dec) [fcst. 3.2% yy, prev. 2.7%]
• Afreximbank launches African trade report (15 Dec)
• Covid-19 updates by authorities across the continent

Key African events or data releases over the weekend & early a.m today
Reuters
• ICC prosecutor seeks full investigation into Nigeria conflict
• Parents pray for hundreds of students kidnapped in Nigeria’s Katsina
• Sudan prime minister visits Ethiopia to discuss Tigray fighting
• Morocco militant groups reject normalising ties with Israel
• First NGO aid gets to Ethiopia’s Tigray, businesses to re-open
• Algeria rejects Trump’s stance on Western Sahara
• Ethiopia returning Eritrea refugees to Tigray camps; UN concerned over move
• Portugal to help Mozambique train forces against militants
• Zambia finance minister expects economy to contract by at least 3% in 2020
• South Africa pharma regulator to fast track vaccine applications
• Anglo American maps out thermal coal exit, sees higher output
• ABB to pay $104 mln to settle South Africa power plant probe
• South Africa govt at loggerheads with unions over airline wages
• Kenya doctors mourn death of young colleague from Covid-19
• South Africa’s chief justice unrepentant for linking vaccines to satanism
• Head of Kenya’s energy regulator arrested over petrol station bribe accusation
• Nigeria warned of possible new covid-19 wave, authorities eye vaccine in early 2021
• Ghana president Akufo-Addo promises economic boost after election win
• Morocco joins other Arab nations agreeing to normalise Israel ties

Bloomberg
• eSwatini prime minister Dlamini dies of unknown cause after covid diagnosis
• Algeria’s absent president says to return to country soon
• Hundreds of Nigeria students missing after attack on school
• China Molybdenum pays $550 mln for Congo ore project owner
• South Africa’s Eskom to reduce power cuts from Sunday
• Congo agrees to Freeport’s sale of copper mine to China Moly
• Attackers kidnap boys in northern Nigeria, Premium Times says
• Nigeria war crimes probe may advance after decade of checks
• Global lenders raise pressure on Nigeria to reform currency
• Nigeria’s Buhari disputes lawmakers’ power to summon him
• US proposes $1 bln arms sale to Morocco after Israel deal
• Ethiopia sends refugees who fled Tigray war back to camps
• Trump’s Israel-Morocco deadl leaves Biden with another mess
• Debut sale of special Nigeria bonds disappoints investors
• Egypt billionaire builds stake in owner of Knicks, Rangers
• Algeria’s LNG supply disruptions add to global market tightness
• ABB to repay South Africa’s Eskom $103 mln after probe
• Western Sahara movement denounces US embrace of Morocco rule
• Nigeria set to reopen isolation centres as covid-19 cases surge
• Zambia turns to gold to boost dwindling reserves after default
• Sudan’s civilians sideline in army overtures to Russia, Israel
• US urges withdrawal of Eritrea troops from Ethiopia
• South Africa posts current account surplus on export jump
• South Africa manufacturing output contracts less than forecast
• Israel billionaire takes Africa mine fight to Vale homebase
• Next profit threat faces Nigeria banks hanging onto clients
• Nigeria needs to do more to get $1.5 bln World Bank loan
• Congo assembly removes speaker in win for president
• Ghana’s opposition leader Mahama vows to fight vote results

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

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