Category Archives: Daily briefs

macroafricaintel Daily Brief | 12 Feb

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

Global Markets

  • Stocks inch higher as new coronavirus cases fall
  • Equities cautiously higher in Asia
  • Investors trying to measure spread of coronavirus
  • Oil prices extend rebound from 13-mth lows

Oil Markets

  • Oil prices rise as new virus cases slow, easing Chinese demand concerns
  • Brent up 1.3% at $54.75 a barrel (0137GMT)
  • WTI up 0.9% at $50.39

Precious metals

  • Gold flat as risk sentiment improves on slowing virus threat
  • Spot gold flat at $1,567.62/oz. (0051GMT)
  • US gold futures up 0.1% at $1,570.90/oz.

Grains

  • Wheat falls to lowest since December on USDA stockpiles forecast
  • Wheat futures down 0.3% at $5.40-1/2 a bushel (0154GMT)
  • Soybean futures up 0.1% at $8.85-1/2 a bushel
  • Corn futures down 0.1% at $3.79-1/2 a bushel

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

  • South Africa retail sales Dec-19 [fcst. 1.8% yy, prev. 2.6%]
  • South Africa state capture inquiry continues
  • 3rd Nigeria international petroleum summit in Abuja; 9-12 Feb

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

  • Nigeria considers eurobond issue, president to seek approval
  • Artillery shells rain on centre of Libyan capital
  • Rhinos in Kenya face a new threat: drug-resistant bacteria – study
  • Nigerian central bank injects $210 mln into currency market
  • Algeria’s public debt rises to 45% of GDP, economy “delicate” – PM
  • South Africa’s MTN flags 2019 profit jump of up to 50%
  • Africa Oil – Trading slow despite declining freight rates
  • Sudan’s Bashir may face war crimes reckoning
  • South Africa’s rand climbs, stocks recover in global return to risk
  • Doctors in Egypt launch anti-genital cutting campaign after girl dies
  • Sudan agrees ex-president Bashir should appear before ICC over Darfur
  • South Africa’s competition watchdog approves $1.7 bln Pioneer-Pepsico merger
  • Egypt talking to IMF about technical assistance – central bank
  • Sudan ex-leader Bashir refuses to deal with ICC – lawyer
  • Total chief dismisses Tullow Oil takeover idea
  • Uganda says Chinese firm applies to build $1.4 bln power plant on the Nile
  • Morocco threatens to close down Turkish retailer amid trade talks
  • Fuel shortages put squeeze on Sudan’s transitional govt
  • Sudan & Darfur groups agree appearance of people wanted by ICC before the court – minister
  • South African union file court application over SAA job cuts
  • [Terrorist group] claims Algeria border attack
  • Egypt population reaches 100 mln people – statistics agency
  • Thousands bid farewell to Kenya’s veteran leader Moi
  • Uganda to borrow $118 mln from China to build roads key to oil production
  • Founder of South African group Ladysmith Black Mambazo dies
  • South Africa’s manufacturing output drops 5.9% y/y in December
  • Egypt’s net govt debt issues increase 12% in first half of 2019-20
  • Novak to discuss OPEC+ deal with Russian oil companies on Wednesday – TASS
  • South Africa – Harmony Gold’s rebounding profits give hunt for acquisitions fresh impetus
  • South Africa Q4 unemployment rate unchanged at 29.1%
  • Egypt’s power subsidy falls to zero in second half of 2019
  • Nigeria secures $1 mln US grant to plan for gas-fired power plant
  • Burundi central bank bans foreign exchange bureaus for flouting official rates
  • World Bank chief: some development banks worsening poor country debt burdens
  • African Union delays plan to start using fund for security operations

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

macroafricaintel Daily Brief | 11 Feb

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

Global Markets

  • Asian shares bounce, China factories fight to re-start
  • Shares ex-Japan up 0.9%, Shanghai stocks rally
  • Focus on how fast China companies can return to work
  • Sentiment supported by late jump on Wall St
  • Dollar hits 4-mth high on euro as US economy outperforms

Oil Markets

  • Oil gains 1% as short-sellers take profit; investors still wary of coronavirus
  • Brent up nearly 1.5% at $54.06 a barrel (0216GMT)
  • WTI up about 1.3% at $50.20

Precious metals

  • Gold steady as virus fears counter firmer equities
  • Spot gold little changed at $1,570.98/oz. (0041GMT)
  • US gold futures down 0.3% at $1,574.60/oz.

Grains

  • Soybeans extend gains into seventh straight session
  • Soybean futures up 0.3% at $8.87-1/4 a bushel (0209GMT)
  • Corn futures down 0.2% at $3.81 a bushel
  • Wheat futures down 0.5% at $5.49-1/2 a bushel

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

  • Nigeria’s Buhari state visit to Ethiopia; after AU summit
  • Kenya’s Moi state funeral in Nairobi; public holiday
  • South Africa manufacturing production Dec-19 [fcst. -2.9% yy, prev. -3.6%]
  • South Africa unemployment rate Q4-19 [prev. 29.1%]
  • South Africa state capture inquiry continues
  • 3rd Nigeria international petroleum summit in Abuja; 9-12 Feb

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

  • Algeria military court upholds jail sentences for former intelligence chiefs
  • Sudan seeks US help on subsidy payments, dollar transfers – finmin
  • Mali’s president seeks dialogue with insurgents
  • [Terrorists] kill at least 30 in northeast Nigeria – residents
  • Egypt’s core inflation at 2.7% in January from 2.4% in Dec – central bank
  • Africa Oil – Cheap freight sparks little buying interest as virus weighs
  • Oil producers still in talks over extending output cut – Algeria minister
  • Algeria plans to develop bond, stock markets to ease financial pressure
  • South Africa’s rand inches up ahead of key data
  • Smart drones to be tested in battle against E.Africa locust swarms
  • Libya oil revenues fall to zero in Jan as ports blocked – central bank data
  • Mozambique drops court appeals to extradite ex-minister from South Africa
  • Google plan to buy into largest African wind farm ended by delay
  • Egypt slashes energy subsidy spending in second half of 2019
  • Nigeria’s petroleum bill to be passed by mid-2020 says oil minister
  • Eskom’s urgent bid for bigger tariffs rejected by South Africa court
  • Nigeria’s parliament to receive petroleum bill next week – oil minister
  • Uganda sprays locust swarms to protect coffee crop, livestock
  • Egyptian pound strengthens to 3-yr high
  • Egypt sells $984.8 mln in dollar t-bills at yield of 3.49% – c.bank
  • West African countries to investigate Nigeria border closure
  • Uganda shilling unchanged on lacklustre dollar demand
  • Violence in Africa’s Sahel region attacks the mining food chain
  • Shanta Gold buys Kenya exploration project from Barrick
  • Girl’s drowning sparks water riot in thirsty South African township
  • Kenya shilling weakens due to increased importer dollar demand
  • South Africa’s rand rises after plunging to 3-mth low
  • Satellite data brings farming advice to remote areas of Zimbabwe
  • Congo’s move to control artisanal cobalt is double-edged – Andy Home

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

macroafricaintel Daily Brief | 10 Feb

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

Global Markets

  • Asian markets stem losses as China returns to work but sentiment jittery
  • Asian shares fall after Friday’s losses on Wall Street
  • Chinese authorities make plans for businesses, schools to reopen
  • Singapore raises alert level on China travel

Oil Markets

  • Oil prices fall on oversupply worries as virus hits China demand
  • Brent down 38 cents at $54.09 a barrel (0100GMT)
  • WTI down 38 cents at $49.49

Precious metals

  • Gold prices tick up as virus fears stoke safe-haven demand
  • Spot gold up 0.1% at $1,572.01/oz. (0100GMT)
  • US gold futures up 0.3% at $1,577.50/oz.

Grains

  • Soybeans gain for fourth straight session as China demand worries ease
  • Soybean futures up 0.3% at $8.84-3/4 a bushel (0208GMT)
  • Corn futures up 0.4% at $3.82 a bushel
  • Wheat futures down 0.4% at $5.56-1/2 a bushel

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

  • African leaders in Addis Ababa for AU summit; 9-10 Feb
  • South Africa state capture inquiry resumes
  • 3rd Nigeria international petroleum summit in Abuja; 9-12 Feb

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

  • Trudeau raises issue of detained Canadians with Egypt’s Sisi
  • Suicide bomber attacks Algerian barracks, killing a soldier – defence ministry
  • Libya’s Azzawiya stops refining operations due to lack of crude
  • Route cuts intended to make South African Airways sustainable – rescue team
  • OPEC+ panel calls for more oil cuts on coronavirus impact – Algeria
  • UN to host new Libya ceasefire talks after no deal in first round
  • Somalia president signs new petroleum bill into law
  • Libya’s oil production dropped to 181,576 barrels per day
  • French soldiers kill more than 30 militants in Mali – army
  • Malawi President Mutharika appeaks ruling overturning his election victory
  • Botswana auctions permits to hunt elephants to ease human-wildlife conflict
  • South Africa govt calls for review of SAA route cuts
  • Africa Oil – IOC mops up as spot trade stutters
  • Smuggling pushes Ivory Coast cashew output down 17% in 2019
  • South Africa govt wants SAA route cuts reviewed – ministry
  • South African rand falls to 3-mth low, stocks down
  • Ramaphosa opposes plan to cut South African Airways’ domestic routes
  • Airlink interested in buying some South African Airways assets
  • Fighters step up attacks in Mozambique gas region, beheadings reported – UN
  • Rwanda secures $214 mln China loan for hydropower plant
  • Canadian miner Banro looking to sell Congo gold mine at discount – CEO
  • Congo’s move to control artisanal cobalt is double-edged: Andy Home
  • South African miners keen to start generating their own power
  • Tunisia’s current account deficit narrows on tourism boost – cenbank governor
  • Botswana auctions permits to hunt elephants to ease human-wildlife conflict
  • Kenyan sculptor turns scrap metal into art with a message
  • South Africa’s net foreign reserves rise to $45.1 bln in January

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

macroafricaintel Daily Brief | 7 Feb

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

Global Markets

  • Rally in stocks runs out of steam as coronavirus toll climbs
  • Coronavirus cases rise, Asian markets slip
  • Nikkei, Kospi down but poised for best week in 2020
  • Major currencies steady, oil rises but has not recovered

Oil Markets

  • Oil climbs after Russia backs possible output cuts to counter coronavirus impact on demand
  • Brent up 0.6% at $55.25 a barrel (0104GMT)
  • WTI up 0.5% at $51.21 a barrel

Precious metals

  • Gold inches up on virus concerns; set for worst week since early Nov
  • Spot gold up 0.1% at $1,568.76/oz. (0052GMT)
  • US gold futures flat at $1,570.70/oz.

Grains

  • Soybeans up for 5th session, gains capped by slowing Chinese purchases
  • Soybean futures up 0.4% at $8.84-1/4 a bushel (0145GMT)
  • Soybean up 1.3% w/w
  • Corn futures down 1.5% week thus far
  • Wheat up 0.5% for the week

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

  • African leaders head to Addis Ababa for AU summit; 9-10 Feb
  • Canada’s Trudeau visits Ethiopia for AU summit, heads to Senegal next week
  • Botswana elephant hunting auctions in Gaborone
  • Germany’s Merkel visits South Africa; 5-7 Feb
  • Kenya’s Kenyatta in Washington DC for trade talks
  • South Africa FX reserves Jan-20 [prev. $55.1B]
  • South Africa state capture inquiry continues
  • Cameroon national assembly elections; 9 Feb
  • 3rd Nigeria international petroleum summit in Abuja; 9-12 Feb

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

  • US, Kenya launch talks on trade deal in move welcomed by industry
  • Eastern Libyan tribes asked to lay out conditions to reopen oil terminals – UN
  • Sudan dissolves central bank board, governor remains
  • Canada’s Trudeau seeks to rescue faltering UN bid on Africa trip
  • Kenya’s president says Kenyan, US officials will begin work on trade deal
  • Female genital mutilation will take centuries to eradicate, UN says
  • Trump says US will probably sign trade agreement with Kenya
  • Sudan dissolves boards of central bank and 11 other banks – state TV
  • Two die in Zimbabwe gold mine collapse
  • Africa Oil – Unipec offers down, Djeno lingers
  • Eastern Libyan tribesmen to submit conditions to reopen blocked oil terminals – UN
  • South Africa’s Sibanye-Stillwater doubts it will become owner of world’s deepest gold mine
  • Egypt’s net foreign reserves rise to $45.457 bln in January – c.bank
  • Tunisia central bank keeps key interest rate unchanged at 7.75 pct
  • South African rand falls, stocks up as Gold Fields shines
  • Ex-Ivory Coast leader Gbagbo wants unconditional release
  • Gambia’s labouring farmers show why premature births may boom in a warmer world
  • Vegans see green shoots in meat-loving Nigeria
  • Eni oil production in Libya halved to around 160,000 bpd – CEO
  • Lesotho leader’s wife released on bail ahead of murder trial
  • South Africa’s Eskom bonds see biggest jump since June after debt pledge
  • South African Airways to scale back routes at end Feb – rescue team
  • South Africa’s Harmony Gold Mining forecasts first half profit
  • Algeria leader pardons more than 6,000 prisoners in conciliatory gesture
  • South Africa plans new generating firm to boost power security
  • Lesotho police fear PM’s wife may escape again while on bail
  • South Africa business confidence index falls in January
  • Female genital mutilation hurts economies, says WHO

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

macroafricaintel Daily Brief | 6 Feb

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

Global Markets

  • Asian shares gain after solid US data, focus on virus
  • Upbeat US private jobs, service data lift mood
  • WHO says no break-through reported on coronavirus drugs

Oil Markets

  • Oil gains a second day as coronavirus optimism may mean demand rebound
  • Brent up 1.1% at $55.90 a barrel (0142GMT)
  • WTI up 1.4% at $51.48

Precious metals

  • Gold steady as virus fears offset robust US data
  • Spot gold flat at $1,556.36/oz. (0100GMT)
  • US gold futures down 0.2% at $1,559.30/oz.

Grains

  • Soybeans extend gains for fourth straight day
  • Soybean futures up 0.4% at $8.83-3/4 a bushel (0127GMT)
  • Corn futures unchanged at $3.80-3/4 a bushel
  • Wheat futures up 0.4% at $5.64-3/4 a bushel

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

  • International day of zero tolerance for FGM
  • Germany’s Merkel visits South Africa
  • Ghana’s main opposition NDC press briefing on Airbus scandal
  • Kenya’s Kenyatta in Washington DC for trade talks
  • African Union executive council meets
  • South Africa SACCI business confidence Jan-20 [prev. 93.1]
  • South Africa state capture inquiry continues
  • Investing in African mining indaba in Cape Town; 3-6 Feb

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

  • Kenya wants close ties with both US and China, Kenyan president says
  • Female genital mutilation hurts economies says WHO
  • Sudan gives Israel initial okay for overflights – official
  • Nigeria drafting oil reform bill “from scratch” to pass this year – Senate President
  • OPEC+ technical meeting drags on amid oil cut debate
  • Malawi presidency to challenge court ruling overturning vote result
  • Algeria names new chief for state energy firm Sonatrach – state TV
  • Ivory Coast navy seizes record cocaine haul off coast
  • Africa Oil – Contango market, China virus upends trading
  • Nigeria sets ambitious target for mining sector growth
  • South Africa’s rand firms for third straight session
  • Lesotho PM’s wife in court charged with killing his previous wife
  • Italian court throws out witness request in Eni Nigeria graft case
  • Egypt’s c.bank to auction $900 mln of 1-yr t-bills on Feb 10
  • ‘Fragile’ Africa prepares for high risk of coronavirus spread
  • Morocco’s unemployment rate slips to 9.2% in 2019
  • Saudi Telecom must offer to buy remaining 45% in Vodafone Egypt – regulator
  • South Africa’s Ramaphosa open to Eskom debt proposal
  • Qatar Airways swoops for RwandAir stake and eyes bigger LATAM holding
  • Tunisia’s next govt must be broad-based, says leader of biggest party
  • First payment in South African silicosis settlement expected in Q2
  • Morocco’s trade deficit widens by 1.5% in 2019
  • Tunisia’s gas output capacity jumps 50% as Nawara field opens
  • Ghana draws strong demand as sells $3 bln in eurobonds
  • Nigeria sees exponential growth in mining sector within five years – minister
  • Nigeria’s contortionists go out on a limb for recognition
  • 8-yr old rapper strikes chord in Uganda with songs about poverty
  • Uganda shilling weakens as interbank players beef up positions
  • Nigeria customs find $8 mln in cash on bus at airport
  • Kenya private sector activity down in January – PMI
  • Kenya shilling strengthened due to inflows from remittances
  • South Africa private sector activity shrinks again in Jan – PMI
  • Trafigura to take 100% control of its Zimbabwe fuel import business
  • IMF lowers Uganda growth projection, cites oil investment delays
  • Sudan’s Burhan casts doubt on rapid normalization of ties with Israel
  • Measles vaccine drive aims to protect 45 mln children in Africa, Asia

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

macroafricaintel Daily Brief | 5 Feb

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

Global Markets

  • Asian shares up as China stocks edge higher but caution prevails
  • Financial markets trying to shake off virus woes
  • Equities draw investors on hopes for more China stimulus
  • Oil markets worried about demand disruptions

Oil Markets

  • Oil prices climb as OPEC, allies weigh output cuts to cushion coronavirus impact
  • OPEC+ panel met to consider steps, hear from China UN envoy
  • Oil flips into contango, indicating months of surplus
  • Brent up 0.8% at $54.40 a barrel (0127GMT)
  • WTI up 0.9% at $50.03

Precious metals

  • Gold prices edge higher on virus worries
  • Spot gold up 0.2% at $1,555.41/oz. (0050GMT)
  • US gold futures up 0.2% at $1,558.40/oz.

Grains

  • Soybeans rise for third straight day; lower demand worries cap gains
  • Soybean futures up 0.4% at $8.82-3/4 a bushel (0154GMT)
  • Corn futures down 0.2% at $3.81-1/2 a bushel
  • Wheat futures up 0.4% at $5.59-1/4 a bushel

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

  • Nigeria’s police chief meets federal legislature over insecurity concerns
  • South Africa petrol prices fall by 13 cents
  • South Africa’s Mabuza in South Sudan for peace initiative
  • Namibia supreme court rules on use of electronic voting machines
  • South Africa’s Public Protector vs Ramaphosa court case in Pretoria continues
  • South Africa Standard Bank PMI Jan-20 [prev. 47.6]
  • Nigeria Stanbic IBTC Bank PMI Jan-20 [prev. 56.8]
  • OPEC+ technical committee meets over coronavirus in Vienna; 4-5 Feb
  • Investing in African mining indaba in Cape Town; 3-6 Feb
  • Kenya’s Kenyatta heads to Washington DC for trade talks
  • UN-brokered Libya military talks in Geneva

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

  • IMF lowers Uganda growth projection, cites oil investment delays
  • Nigeria working to have US travel ban lifted – foreign minister
  • Sudan’s sovereign council head confirms meeting Israeli PM in Uganda
  • UN Secretary General says Libya situation a ‘scandal’
  • Wife of Lesotho prime minister charged with murder of his previous spouse
  • Africa Oil – Spot trade stalls as Chinese demand fizzles
  • Algeria pardons thousands of prisoners
  • South Africa’s rand firms as risk appetite picks up
  • Botswana to accelerate $4 bln coal-to-liquid refinery project – minister
  • Nigeria eyes increased trade and tourism with new visa policy
  • Moi, Kenyan strongman who presided over rampant graft, dies
  • US, Jersey sign $300 mln Abacha loot repatriation deal with Nigeria
  • Moi’ Kenyan torture victims mourn a reckoning that never came
  • Vodacom to launch 5G services in South Africa in 2020
  • Egypt’s CIB proposes raising $951 mln for new expansion
  • Sudan casts doubt on early normalisation of ties with Israel
  • Turkey’s Karpowership looks to plug South African power gap
  • South African retailer Edcon to sell 167 CNA stores
  • Security problems hit Burkina Faso’s 2019 gold production – minister
  • Uganda shilling holds steady due to lower demand for dollars
  • Congo’s 2019 copper output up 17%, cobalt production falls 20%
  • South Africa court issues arrest warrant for ex-president Zuma, stayed until May 6
  • Families in Africa fear impact of US immigration ban
  • Angola’s Endiama expects diamond output to top 10 mln carats in 2020
  • UN Libya envoy says military factions ready to negotiate in Geneva
  • AngloGold Ashanti to update on South Africa asset sale this month
  • Kenya shilling holds steady against the dollar
  • Egypt to sell a 45% stake of Banque du Caire in the first half of 2020
  • Egypt’s non-oil private sector shrinks faster in Jan – PMI

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

macroafricaintel Daily Brief | 4 Feb

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

Global Markets

  • Asia stocks find footing as China markets restore some losses
  • Coronavirus death toll rises further
  • China shares rebound after Wall St bounces
  • Oil leads commodity slide on fears for China demand

Oil Markets

  • Oil prices rebound from China virus slump amid ginger recovery across markets
  • Brent up nearly 0.4% at $54.66 a barrel (0227GMT)
  • WTI up 0.6% at $50.43

Precious metals

  • Firm dollar weighs on gold prices amid virus threats
  • Spot gold down 0.1% at $1,575.27/oz. (0156GMT)
  • US gold futures down 0.2% at $1,579.50/oz.

Grains

  • Soybeans rise for second session; coronavirus fears cap gains
  • Soybean futures up 0.1% at $8.77-1/2 a bushel (0147GMT)
  • Corn futures up 0.3% at $3.80 a bushel
  • Wheat futures down 0.2% at $5.54-1/4 a bushel

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

  • OPEC+ technical committee meets over coronavirus in Vienna; 4-5 Feb
  • 5th Nigeria – US binational commission in Washington DC; 3-4 Feb
  • Investing in African mining indaba in Cape Town; 3-6 Feb
  • Kenya’s Kenyatta heads to Washington DC for trade talks
  • UN-brokered Libya military talks in Geneva

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

  • Kenya’s former president Daniel Arap Moi dies – Citizen TV
  • Egypt non-oil private sector shrinks faster in Jan – PMI
  • Families in Africa fear impact of US immigration ban
  • UN-brokered Libya military talks begin in Geneva
  • Israel and Sudan will push to normalise relations – Israeli officials
  • More soldiers won’t help Mali, talks with [militants] might – UN
  • Malawi court annuls President Mutharika’s 2019 election victory
  • Egypt military brings in sovereign fund to help sell assets
  • At least 13 students killed in stampede in Kenya – Daily Nation
  • Africa Oil – Unipec halts WAF buying, offers cargoes as freight plummets
  • Anglo-American to decide fate of South African thermal coal assets this year
  • South Africa’s rand firms following slide on virus fears
  • Nigeria stocks fall to 3-wk low as funds exit
  • OPEC+ considering further 500,000 bpd oil output cut – sources
  • Botswana projects narrower budget deficit for 2020/21
  • Gas pipeline in Egypt’s Sinai attacked, imports from Israel unaffected
  • Locust swarms threaten more countries in eastern Africa – FAO
  • Unipec stops West African crude buying as virus hits Chinese demand – sources
  • Congo’s new artisanal cobalt monopoly could seek private partner – minister
  • Ghana to probe bribery accusations in Airbus deal
  • Ivory Coast 2019/20 cocoa port arrivals seen at 1,419,000 T by Feb. 2 – exporters
  • Morocco’s Maroc Telecom fined $344 mln for anti-competitive practices
  • South Africa’s Absa PMI falls further in January
  • Kenyan shilling strengthens, remittances help

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