Category Archives: Daily briefs

macroafricaintel Daily Brief | 9 Apr

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

Global Markets

  • Asian stocks gain on hopes pandemic is approaching peak
  • Investors look for signs pandemic is slowing
  • Oil firm before OPEC+ meeting
  • Sterling resilient after PM Johnson hospitalisation

Oil Markets

  • Oil prices extend gains on hopes OPEC+ will cut output
  • Brent up 2.5% at $33.71 per barrel
  • WTI up 4.58% at $26.24

Precious metals

  • Gold inches up on weak dollar, pandemic peaking hopes cap gains
  • Spot gold up 0.1% at $1,646.81/oz. (0059GMT)
  • US gold futures down 0.1% at $1,682.70/oz.

Grains

  • Corn firms, market awaits USDA global supply-demand report
  • Corn up 0.4% at $3.31-1/4 a bushel (0250GMT)
  • Soybeans up 0.6% at $8.69-1/4
  • Wheat up 0.4% at $5.50-1/4

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

  • OPEC+ virtual meeting on production cuts
  • Key African countries on lockdown; subdued economic activity
  • Covid-19 updates by authorities across the continent

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

  • World Bank says sub-Saharan Africa will enter recession in 2020
  • Trump says US producers have already cut back oil production
  • Zimbabwe reopens produce markets after protests by drought-hit farmers
  • Libya’s Serraj blames central bank amid oil blockade
  • Congo president’s chief of staff arrested amid graft probe
  • South Africa minister disciplined for ‘lockdown lunch’
  • UN Seeks $130 mln to prevent hunger catastrophe in Zimbabwe
  • Somalia records first death from coronavirus – health minister
  • Algeria energy minister says Thursday OPEC+ meeting will be ‘fruitful’ – state news agency
  • Sudan increases bread prices in Khartoum to help bakers
  • In Libya, water cuts add to misery of conflict and coronavirus
  • South Africa’s Naspers pushes its resilience even as some businesses hit by virus
  • Ethiopia & Liberia declare states of emergency to curb coronavirus
  • African Devpt Bank launches $10 bln Covid-19 response facility
  • Libya oil revenue was $1.3 bln in Q1 – central bank
  • Africa Oil – Trade quiet as traders wait for OPEC meeting outcome
  • Somalia has registered first death from coronaviurs – health minister
  • IMF says Morocco drew $3 bln from liquidity line to fight pandemic
  • South Africa stocks lose close to 2% as EM rally dissipates
  • Ivory Coast issues domestic bonds worth 110 bln CFA francs
  • Egypt extends nationwide night-time curfew to counter coronavirus
  • Uganda shilling weakens due to commercial bank dollar demand
  • South Africa business confidence index drops to 7-mth low in March
  • Egypt approves first issuance of sukuk by Talaat Mostafa subsidiary
  • Kenya shilling eases against the dollar, market activity slow
  • South Africa Sasol cuts production, sales target on coronavirus impact
  • Nedbank could nix future dividends after South Africa central bank guidance
  • Japan to pledge contribution to IMF trust for low-income countries hit by pandemic – finance ministry source

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

macroafricaintel Daily Brief | 8 Apr

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

Global Markets

  • Asian shares turn cautious, oil rebounds in choppy trade
  • Asian markets turn choppy, give back some recent gains
  • Oil rebounds in Asia, after steep slide
  • US dollar holds steady, Aussie hit by rating change

Oil Markets

  • Oil prices jump on hopes for OPEC, Russia meeting on output cuts
  • Brent up 2.4% at $32.62 a barrel (0246GMT)
  • WTI up 5.5% at $24.93

Precious metals

  • Gold eases on firmer dollar, coronavirus slowdown signs
  • Spot gold down 0.2% at $1,644.99/oz. (0049GMT)
  • US gold futures down 0.7% at $1,671.30/oz.

Grains

  • Wheat falls for second straight session on US crops outlook
  • Wheat futures down 0.5% at $5.46-1/4 a bushel (0230GMT)
  • Soybeans up 0.3% at $8.57-1/4
  • Corn up 0.3% at $3.32-1/4

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

  • Ghana Covid-19 policy statement by finmin Ofori-Atta to parliament
  • Rwanda starts week-long never-again genocide commemoration
  • South Africa SACCI business confidence Mar-20 [prev. 92.7]
  • Glencore’s Mopani Copper shutters Zambia mines
  • Kenya locks down Nairobi (6 Apr) & Kilifi, Mombasa & Kwale (8 Apr)
  • Key African countries on lockdown; subdued economic activity
  • Covid-19 updates by authorities across the continent

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

  • Iran doesn’t agree with holding OPEC+ meet without clear outcome – oil min
  • Kenya sees GDP growth slowing to 3% or less in 2020
  • Egypt foreign reserves drop to $40.1 bln in March – c.bank
  • US pushes back on call by OPEC+ to join big oil output cuts
  • Eastern Libya confirms first coronavirus case
  • IMF says considering Nigeria’s request for funds to fight pandemic
  • Egypt to ban Ramadan gatherings to counter coronavirus
  • Saudi call for OPEC+ meeting is an extension to its efforts to achieve market balance
  • Tunisia seeks donations to fund coronavirus facilities
  • Africa Oil – Stubborn Nigeria overhang weighs
  • Tanzania lets pregnant girls attend school with World Bank project
  • Algeria pushes ahead with Islamic finance plans
  • South Africa rand gains with other emerging currencies on coronavirus hopes
  • China must step up on Africa debt relief – Ghana finmin
  • Ethiopia airlines has lost $550 mln this year due to coronavirus – CEO
  • South Africa union takes govt to court over Covid-19 gear shortage
  • Algeria banks to defer payments for coronavirus hit firms
  • South Africa lenders rally as central bank clarifies dividend guidance
  • G20 energy minsters to meet to foster global cooperation – statement
  • Glencore’s Mopani copper mine shutters Zambia mines due to coronavirus
  • Ethiopia taps army of women health workers to fight coronavirus
  • Copper belt miners turn to Tanzania as South Africa lockdown hobbles ports
  • South Africa banking index reverses losses, rises over 10%
  • Under coronavirus lockdown, Rwandans remember genocide from home
  • Uganda shilling unchanged after central bank cuts lending rate
  • Lockdowns: Saving lives, but ruining livelihoods in Africa
  • Kenya shilling weakens amid thin activity, fewer trading hours
  • Zambia says Glencore declares force majeure at Mopani Copper Mines
  • Zambia plan to block Glencore plans to close copper operations
  • South Africa Standard Bank will consider central bank guidance on dividends
  • South Africa net foreign reserves fall to $44.7 bln in March

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

macroafricaintel Daily Brief | 7 Apr

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

Global Markets

  • Asian shares cautiously gain on virus hopes, dollar slips
  • Early signs of virus peaking in Europe, New York
  • Broad gains from Tokyo to Sydney but momentum ebbs
  • Currencies, bonds steady as economic risks weighed

Oil Markets

  • Oil gains as hopes rise for production cut amid coronavirus outbreak
  • Brent up 2.2% at $33.78 a barrel (0026GMT)
  • WTI up 3.7% at $27.05

Precious metals

  • Gold slips from 4-wk high as dollar, equities firm on coronavirus slowdown
  • Spot gold down 0.2% at $1,657.67/oz. (0110GMT)
  • US gold futures up 1.7% at $1,723

Grains

  • Corn heads higher after dropping for seven straight sessions
  • Corn up 0.6% at $3.29-3/4 a bushel (0226GMT)
  • Soybean up 0.6% at $8.61
  • Wheat down 0.6% at $5.51-1/4

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

  • Kenya locks down Nairobi (6 Apr) & Kilifi, Mombasa & Kwale (8 Apr)
  • South Africa Eskom global investor update call
  • South Africa FX reserves Mar-20 [prev. $54.7B]
  • Key African countries on lockdown; subdued economic activity
  • Covid-19 updates by authorities across the continent

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

  • Trump says OPEC has not asked him for a US oil production cut
  • Morocco makes face masks compulsory due to coronavirus
  • OPEC+ likely to agree to cut production if US joins effort – sources
  • Egypt reports 149 new coronavirus cases, its highest daily toll
  • Morocco looks to foreign debt to deal with coronavirus impact
  • South Africa central bank asks lenders to scrap dividends amid virus
  • South Africa should not approach IMF for help, ANC and allies say
  • “We are at war”: Kenya halts movement to areas worst hit by coronavirus
  • Zimbabwe eases coronavirus lockdown to allow diaspora remittances flow
  • South Africa central bank announces regulatory relief for banks
  • Gunmen kill 25 soldiers in north Mali attack – army spokesman
  • Africa Oil – Sonangol sells Cabinda, Girassol cargoes
  • South Africa Eskom plans global investor update call – lead manager
  • South Africa rand firmer as risk takers return, stocks up 3.29%
  • Nigeria seeks $6.9 bln from lenders to fund coronavirus fight
  • Norway considers attending OPEC meeting on April 9 – oil ministry
  • South Africa sets aside $64 mln for small-scale farmers amid lockdown
  • South Africa central bank sees up to -4% GDP over coronavirus fallout
  • Ivory Coast police clash with protesters over coronavirus test centre
  • Uganda slashes main interest rate to 8% as coronavirus hurts economy
  • KFC owner witholds rent on South Africa stores amid lockdown – Bloomberg
  • Kenya president halts movement in areas affected by the coronavirus
  • Kenya – Safaricom, Vodacom finalise M-Pesa acquisition from UK’s Vodafone
  • South Africa makes more spectrum available to meet internet demand
  • Kenya shilling weakens as players beef up positions
  • Congo mine attack kills three Chinese nationals – Xinhua
  • South Africa Woolworths warns of likely 20% profit fall
  • Saudi Arabia delays setting May prices, looks to OPEC meeting to settle price war

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

macroafricaintel Daily Brief | 6 Apr

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

Global Markets

  • Oil slips on oversupply fears, but stocks jump on virus slowdown hopes
  • Oil prices fall after Russia-Saudi Arabia delay meeting
  • British pound skids as PM Johnson admitted in hospital
  • Equity investors focus on slowdown in COVID-19 deaths

Oil Markets

  • Oil drops over $1 on oversupply after OPEC+ delays meeting
  • Brent down 3.8% at $32.82 a barrel (0203GMT)
  • WTI down 5.9% at $26.68

Precious metals

  • Gold firms on safe-haven demand, but stronger dollar caps gains
  • Spot gold up 0.2% at $1,619.03/oz. (0314GMT)
  • US gold futures steady at $1,645.90/oz.

Grains

  • Corn falls to 3-1/2-year low on bleak prospects for ethanol
  • Corn futures down 0.5% at $3.29-1/4 a bushel
  • Wheat up 1.2% at $5.55-3/4 a bushel
  • Soybeans down 0.3% at $8.51-3/4 a bushel

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

  • Nigerian finance minister Ahmed briefs on Covid-19 stimulus plan
  • Bank of Uganda decides on interest rates [fcst. 8.0%, prev. 9.0%]
  • Key African countries on lockdown; subdued economic activity
  • Covid-19 updates by authorities across the continent

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

  • Tripoli forces hit eastern Libya cargo plane near capital
  • Libya revolution premier Jibril dies from coronavirus
  • Africa could lose 20 mln jobs due to pandemic – AU study
  • Egypt sees growth slowing to 4.5% in Q3, 1% in Q4 due to coronavirus
  • Congo’s Chemaf mothballs copper-cobalt processing plant over coronavirus
  • Ethiopia reports its first death of a COVID-19 patient
  • South Africa arms firm Denel to produce ventilators in coronavirus fight
  • South Sudan confirms first case of coronavirus
  • Morocco to release 5,654 prisoners amid coronavirus outbreak
  • Egypt non-oil private sector contracts faster as virus hits – PMI
  • OPEC+ meeting delayed as Saudi Arabia & Russia row over oil price collapse – sources
  • Algeria extends curfew as coronavirus cases rise
  • Malawi’s president and ministers to take 10% salary cut to fight coronavirus
  • Coronavirus hits Egypt’s administrative capital and grand museum
  • Algeria to speed up customs procedures for food, health equipment over coronavirus
  • Tunisia govt given special powers to handle coronavirus crisis
  • Nigeria to set up $1.39 bln fund to fight coronavirus
  • BAT South Africa urges govt to lift cigarette sale ban
  • Egypt postpones launch of mega projects to 2021 due to coronavirus – presidency
  • Senegal GDP growth to shrink to less than 3% due to coronavirus – president
  • Zambia central bank establishes medium-term facility to ease liquidity crunch
  • African migrants in Morocco wait for aid as coronavirus bites
  • WHO opens door to broader use of face masks to limit spread of coronavirus
  • Coronavirus spotlights risks of swelling slums in Africa’s cities
  • Guinea-Bissau convicts 12 for smuggling record 1.8 tonnes of cocaine
  • Fitch downgrades South Africa further into ‘junk’
  • Brent crude jumps above $33 on hopes of oil output deal
  • Africa Oil – Oversupply keeps offers at steep discount
  • ArcelorMittal South Africa issues force majeure, cuts salaries
  • Best-selling novel exposes life of child slaves in Nigeria
  • Zimbabwe turns water cannon on coronavirus
  • Deep OPEC+ cuts won’t be enough to prevent oil inventory build – IEA head
  • Nigerians turn to rabbits for consolation during coronavirus lockdown
  • Kenya shilling seen under pressure as economy reels from virus
  • Ivory Coast pledges $500 mln to support commodities sectors
  • South Africa, Turkey CDS surge to highest since financial crisis
  • South Africa Transnet to resume transport of non-essential cargo during lockdown
  • East Africa locust swarms gather as coronavirus curbs delay pesticides
  • Uganda shilling holds steady against the dollar
  • Kidnapped Mali opposition staff freed but leader still missing
  • Medical aid marooned as Africa shuts borders amid coronavirus pandemic
  • OPEC+ producers debating possible oil cuts of 10 mln bpd – OPEC source
  • Kenya private sector activity plunges in March – PMI
  • South Africa private sector activity falls to record low in March – PMI
  • Rwanda secures $109 mln IMF loan to tackle coronavirus

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

macroafricaintel Daily Brief | 3 Apr

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

Global Markets

  • Oil, shares slip on doubts over Saudi-Russia deal
  • US oil futures drop 4.5% on doubts on output cut deal
  • Trump says has not offered US output cut
  • S&P 500 futures fall 0.7% after energy driven overnight gain

Oil Markets

  • Oil falls on scepticism over Trump’s Saudi-Russia output deal
  • Brent down 3.3% at $28.96 a barrel (0335GMT)
  • WTI down 4.5% at $24.19

Precious metals

  • Gold slips on firm dollar, poor US data limits losses
  • Spot gold down 0.1% at $1,610.64/oz. (0037GMT)
  • US gold futures down 0.1% at $1,635.50/oz.

Grains

  • Wheat set for biggest weekly drop since late February on economic woes
  • Wheat down 4% week thus far
  • Corn down 3% for the week already
  • Soybeans down 2.4% w/w

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

  • Bank of Uganda decides on interest rates [fcst. 8.0%, prev. 9.0%]
  • South Africa Standard Bank PMI Mar-20 [prev. 48.4]
  • Nigeria Stanbic IBTC PMI Mar-20 [prev. 55.0]
  • PMIs for Kenya, Ghana & other African countries due as well
  • Key African countries on lockdown; subdued economic activity
  • Covid-19 updates by authorities across the continent

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

  • Tunisia may impose exceptional taxes on firms to raise coronavirus funds – premier
  • Trump touts ‘great Saudi-Russia oil deal to halt price rout, but details unclear
  • Egypt reports 86 new coronavirus cases
  • World Bank approves initial $1.9 bln in emergency coronavirus funds
  • UN agency keeps Africa food aid flowing amid coronavirus
  • Africa Oil – Glut persists, weighing on differentials
  • Egypt central bank leaves rates unchanged
  • Egypt to increase strategic staple reserves to 6 months
  • Malawi records first three cases of coronavirus
  • Iraq supports calls for emergency OPEC+ meeting [Most members already indicated support as well]
  • South Africa rand hits new look on bleak economic outlook
  • Ethiopia signs $800 mln geothermal power purchase agreement
  • South Africa ARM says JV gets green light to load iron ore amid lockdown
  • South Africa Famous Brands pulls plug on Gourmet Burger Kitchen
  • No meeting set up for OPEC+, sources say after Saudi call for talks
  • South Africa’s Libstar to postpone final dividend due to coronavirus
  • French army reports four soldiers positive for coronavirus in West Africa
  • Coronavirus leaves Senegal’s street children more exposed than ever
  • Africa FX – African currencies seen under pressure from the dollar; in week ahead
  • OPEC’s daily basket oil price slides below $17 a barrel
  • Middle East, Africa governments need to act faster to protect airlines – IATA
  • Twitter removes accounts linked to Egypt, Saudi Arabia, other countries
  • From chatbots to online markets, Africans craft weapons against coronavirus
  • Morocco’s February trade deficit deepens 2%
  • Zambia records coronavirus death
  • Ethiopia opens up mobile money services to local non-financial firms
  • Wives rejoice and traders despair as coronavirus halts khat supply to Somalia
  • Kenya shilling weakens against the dollar
  • Africa govts team up with tech giants to fight coronavirus lies
  • Tightening liquidity helps to support Uganda shilling
  • Nigeria tells oil, gas companies to cut staff in pandemic fight
  • South Africa’s Quantum Foods warns of 38% drop in first-half profit
  • Senegal seeks $221 mln from IMF to mitigate coronavirus shock
  • Kenya’s push to harvest rainwater has a new payoff: battling coronavirus

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

macroafricaintel Daily Brief | 2 Apr

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

Global Markets

  • Asian stocks slip as Trump warns of horrors to come
  • Trump warns of ‘horrific’ days ahead
  • Asian stocks slip, bonds rally, dollar firms
  • US jobless claims due at 1230 GMT, seen hitting fresh record

Oil Markets

  • Oil surges as Trump talks up hopes for truce in Saudi-Russia price war
  • Brent up 4% at $25.74 a barrel (0118GMT)
  • WTI up 3.7% at $21.06

Precious metals

  • Gold slips as dollar holds firm; US jobs data awaited
  • Spot gold down 0.4% at $1,584.50/oz. (0312GMT)
  • US gold futures up 0.4% at $1,597.20/oz.

Grains

  • Soybeans ease for 2nd session as coronavirus fears hit markets
  • Soybeans down 0.4% at $8.59-3/4 a bushel (0058GMT)
  • Wheat up 0.2% at $5.51-1/2 a bushel
  • Corn up 0.3% at $3.35-3/4 a bushel

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

  • Key African countries on lockdown; subdued economic activity
  • Covid-19 updates by health authorities across the continent

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

  • Egypt’s health sector races to scale up coronavirus readiness
  • IMF has strong resources to deal with virus crisis, working to identify more – officials
  • South Africa needs ‘hundreds of thousands’ of virus tests – health minister
  • Africa seeks IMF, World Bank, EU backing on debt relief
  • Fidelity Bank cuts profit target as coronavirus hits Nigeria
  • Africa Oil – Sell tender awarded, Angolan diffs deeply negative
  • South Africa’s Eskom sends force majeure notices to wind farms
  • Tunisia banks to defer loan payments, suspend dividend distribution
  • Rand roiled by rising South Africa growth fears
  • Nigeria’s Fidelity Bank prepares eurobond coupon before due date – executive
  • South Africa insurer Discovery, Vodacom set up online virus consultation service
  • South Africa’s 2019/20 tax revenue at 1.4 trillion rand, short of target
  • Nigeria banks limit debit card withdrawals abroad
  • Somali doctor, veteran of many battles, girds for war with coronavirus
  • World Bank approves delayed $500 million education loan to Tanzania
  • South Africa says ports remain open despite lockdown
  • Coronavirus seen as trigger for mobile money growth in West Africa
  • Nigeria stocks hit new 8-yr low as coronavirus lockdown enters day two
  • Uganda doctors say anti-coronavirus measures could cause deaths
  • Uganda shilling holds steady due to reduced market activity
  • South Africa’s Eskom could buy less power from wind farms during lockdown
  • Kenya shilling under pressure from the dollar
  • Fitch, Moody’s downgrade South Africa banks to junk
  • Africa wants IMF, World Bank & EU support on debt relief – UNECA
  • South Africa Absa PMI contracts for 14th straight month
  • Glencore’s chrome joint venture in South Africa with Merafe declares force majeure
  • Ethiopia postpones August election due to coronavirus
  • US air strike killed civilians in Somalia, Amnesty International says
  • South Africa should seek IMF funding to deal with pandemic – IIF

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

macroafricaintel Daily Brief | 1 Apr

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

Global Markets

  • Asian shares hold on to gains but virus keeps on markets on edge
  • Pandemic threatens sharp global slowdown
  • Dollar braces for US manufacturing data
  • Oil market in confusion over supply glut

Oil Markets

  • Oil prices fall as US inventory build-up heightens oversupply concerns
  • Brent down 1.8% at $25.88 a barrel (0345GMT)
  • WTI up 0.6% at $20.6

Precious metals

  • Gold recovers from 3% slump as dollar, Asian equities ease
  • Spot gold up 0.4% at $1,577.83/oz. (0030GMT)
  • US gold futures down 0.3% at $1,591.30/oz.

Grains

  • Corn rebounds from 2-wk low, USDA forecast caps gains
  • Corn up 0.2% at $3.41-1/2 a bushel (0126GMT)
  • Soybean down 0.2% at $8.84-1/2 a bushel
  • Wheat up 0.5% at $5.71-1/2 a bushel

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

  • Key African countries on lockdown; subdued economic activity
  • South Africa ABSA manufacturing PMI Mar-20 [prev. 44.3]
  • Kenya parliament special session on Kenyatta covid-19 stimulus plan

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

  • South Africa should seek IMF funding to deal with pandemic – IIF
  • Paris Club creditors agree to cancel $1.4 bln of Somali debt
  • Somalia to finalize debt forgiveness in bilateral talks – minister
  • Egypt’s private airlines call for aviation minister to intervene amid coronavirus crisis
  • Algeria leader urges discipline, says govt able to counter coronavirus
  • Ethiopia postpones August election due to coronavirus
  • MTN moves ahead on Nigeria stake sale with markets in turmoul – Bloomberg
  • Tunisia extends lockdown by two weeks
  • East Africa nation of Burundi confirms first coronavirus cases – Health ministry
  • South Africa sends testing teams into townships to contain coronavirus
  • Zambia bonds dive as govt calls in debt restructuring advisers
  • Botswana records first death from coronavirus – vice president
  • Africa Oil – Nigeria April cargoes weigh on market
  • Ghana slashes GDP forecast over coronavirus shock
  • Zimbabwe court rules Chamisa not legitimate leader of opposition
  • South Africa rand firms after trade data, stocks rise
  • OPEC rift widens as group fails to set date for emergency talks
  • Tunisia releases 1,420 prisoners over coronavirus
  • Kenya Airways seeks financial help from the govt
  • Egypt M2 money supply up 13.96% y/y in February – c.bank
  • Ivory Coast suspends Cargill, Barry Callebaut from buying new cocoa beans
  • Katanga Mining witholds $250 mln Gecamines payment, delays Congo acid plant
  • Africa’s biggest city Lagos locks down to defend against coronavirus
  • South Africa lockdown squeezes global chrome supply
  • South Africa’s trade balance swings to surplus in February
  • Sierra Leone has confirmed its first case of coronavirus, president says
  • Kenya shilling edges down against dollar
  • Kenya year-on-year inflation falls 6.06% in March
  • Uganda shilling holds steady against the dollar
  • Coronavirus comes to rescue of Sierra Leone plundered rosewood
  • Samancor Chrome issues force majeure due to South Africa lockdown
  • France to seek debt moratorium for the most fragile countries
  • South Africa Sanlam appoints new CEO, to take over by July
  • South Africa Standard Bank withdraws guidance over coronavirus
  • South Africa’s Harmony Gold sees lower output during 21-day lockdown
  • Tanzania confirms its first coronavirus death, health minister says
  • South Africa Sasol flags refinery slowdowns

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