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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 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

macroafricaintel Daily Brief | 20 Feb

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

Global Markets

  • Slowing virus, China stimulus hopes support stocks
  • China cuts lending rate to prop virus-hit economy
  • Asian stocks advance
  • Yen nurses losses after overnight plunge

Oil Markets

  • Oil rises on supply worries, while virus-led demand concerns ease
  • Brent up 0.8% at $59.57 a barrel (0208GMT)
  • WTI up 0.9% at $53.78

Precious metals

  • Gold eases from 7-yr peak on slowing virus spread, China stimulus hopes
  • Spot gold down 0.2% at $1,607.49/oz. (0100GMT)
  • US gold futures unchanged at $1,612.40/oz.

Grains

  • Wheat ticks up on global supply worries
  • Wheat futures up 0.1% at $5.662 a bushel (0128GMT)
  • Soybean futures little changed at $8.97-1/2 a bushel
  • Corn futures up 0.2% at $3.78-1/2 a bushel

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

  • Ghana’s Akufo-Addo 2020 message on the State of the Nation
  • South Africa’s Ramaphosa responds to parliament debate of his State of the Nation Address
  • Kenya parliament vets new Uhuru cabinet secretary nominees
  • Global off-grid solar forum & expo 2020 in Nairobi; 18-20 Feb
  • South Africa state capture inquiry continues

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

  • Libya govt, Haftar’s forces dim hopes of salvaging UN ceasefire talks
  • Tunisia names new govt, avoids risk of early election
  • Namibia central bank expects economy to grow in 2020 – governor
  • South Africa could use mining royalities to set up sovereign fund – minister
  • Italian judge puts Nigerian businessman on trial on oil graft case
  • Africa Oil – Cargoes clear slowly as Nigerian programmes awaited
  • WHO says man with coronavirus in Egypt is recovering, no longer a carrier
  • South Africa’s rand firms after CPI data, stocks rise
  • ‘Nothing left’: Kenyan mother’s fields stripped by locust swarm
  • South Africa – Massmart CEO says not ready to let Game dept chain fail
  • Kenya’s Safaricom to consider Huawei as supplier for 5G network
  • Zambia central bank keeps key rate flat, cites low growth & deficit risks
  • Revolutionary squads guard Sudan’s bakeries to battle corruption
  • Libya’s Serraj says talk about resuming peace negotiations has been overtaken by events
  • US Pompeo takes veiled swipe at China on final leg of Africa trip
  • Somali militants kill 12 soldiers in attack on base, say officials
  • Egypt posts GDP growth of 5.6% in 6 months to Dec
  • Russia says it, Haftar agree political settlement is only option for Libya
  • Absa Bank says Kenya mobile banking app used by almost 5 mln customers
  • UN tries to salvage Libya talks after govt announces pullout
  • Egypt says foreigner thought to be carrying coronavirus has tested negative for it
  • African private equity fund buys Burger King South Africa franchise
  • South Africa’s Bidcorp says coronavirus will impact second half
  • Kenya shilling under pressure against the dollar
  • Uganda shilling flat amid some charity flows
  • Sierra Leone gangster leaves streets for life of poetry
  • South Africa consumer inflation rises to 4.5% y/y in January
  • Rising metals prices spur S.African miner Sibanye to 2nd-half rebound
  • South Africa’s Sibanye-Stillwater posts headline loss
  • South Africa’s Grand Parade to sell Burger King franchise

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

macroafricaintel Daily Brief | 19 Feb

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

Global Markets

  • Asian shares nudge up as virus spread slows, euro fragile
  • Sentiment remains fragile due to worries about virus
  • 3-mo/10-yr treasury yield curve inverts
  • Weak German data pummels euro

Oil Markets

  • Oil inches higher, but gains capped by widening economic impact of coronavirus outbreak
  • Brent up 6 cents at $57.81 a barrel (0149GMT)
  • WTI up 7 cents at $51.97

Precious metals

  • Gold eases as drop in virus cases lifts risk appetite
  • Spot gold down 0.1% at $1,600.67/oz. (0037GMT)
  • US gold futures unchanged at $1,603.60/oz.

Grains

  • Wheat retreats from 3-wk high as traders book profits
  • Wheat futures down 0.4% at $5.64-1/4 a bushel (0149GMT)
  • Soybean futures up 0.1% at $8.93-1/2 a bushel
  • Corn futures down 0.3% at $3.82 a bushel

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

  • Bank of Namibia interest rate decision [fcst. 6.25%, prev. 6.5%]
  • South Africa inflation Jan-20 [fcst. 4.4% yy, prev. 4.0%]
  • Bank of Zambia post-MPC press briefing [fcst. 11.5%, prev. 11.5%]
  • Global off-grid solar forum & expo 2020 in Nairobi; 18-20 Feb
  • South Africa’s parliament debate Ramaphosa State of the Nation Address; 18-19 Feb
  • South Africa state capture inquiry continues

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

  • Libya oil production at 123,537 bpd as of Feb. 18 – NOC statement
  • Libya’s internationally recognized govt suspends ceasefire talks in Geneva
  • Eastern Libyan forces strike Tripoli port in new escalation
  • Libya’s NOC evacuates fuel vessels from Tripoli port, halts offloading after forces strike
  • Zimbabwe threatens to withdraw mining licences over unpaid fees
  • Locusts swarm into South Sudan as plague spreads
  • IMF cuts Nigeria’s growth forecast on lower oil price outlook
  • Africa Oil – Angolan programme emerges
  • US to offer financial support for Ethiopia political reforms – PM
  • South Africa’s rand ticks lower as Moody’s stokes downgrade fears
  • South Africa’s statistics agency faces funding crisis
  • Vessels at port of Libyan capital evacuated after attack – official
  • UN Libya envoy says Tripoli port was attacked on Tuesday
  • Uganda shilling weakens a touch on uptick in interbank demand
  • South Africa’s Eskom needs cash injection to avoid debt crisis – CEO
  • Emerging markets need policy mix, not just flexible FX, IMF chief says
  • US secretary of state meets Ethiopia’s reformist prime minister
  • Kenya sets belt-tightening target for 2021 financial year
  • EU adds Seychelles, Cayman Islands, Panama to tax haven blacklist, spares Turkey
  • Lesotho leader’s wife murder trial to start next month – court
  • Nigeria annual inflation hits near 2-yr high in January; rises to 12.13%
  • Kenya shilling weakens against the dollar
  • South Africa’s Kumba Iron annual earnings rise on higher ore rates

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

macroafricaintel Daily Brief | 18 Feb

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

Global Markets

  • Stocks fall after Apple warns on coronavirus impact
  • Apples says will not meet revenue target for Jan-March
  • S&P 500 futures down 0.3%, mainland China shares lose 0.2%
  • Australian dollar falls; gold, US bonds gain

Oil Markets

  • Oil prices slip as coronavirus concerns linger
  • Brent down 0.6% at $57.30 a barrel (0126GMT)
  • WTI down 0.3% at $51.90

Precious metals

  • Gold rises on mounting business impact from virus outbreak
  • Spot gold up 0.4% at $1,586.32/oz. (0246GMT)
  • US gold futures up 0.2% at $1,589.30/oz.

Grains

  • Wheat climbs more than 1.5% to hit 18-day high
  • Wheat futures up 1.5% at $5.50-1/2 a bushel (0115GMT)
  • Soybean futures down 0.4% at $8.90-1/4 a bushel
  • Corn futures up 0.2% at $3.78-1/2 a bushel

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

  • South Africa’s parliament to debate Ramaphosa State of the Nation Address; 18-19 Feb
  • US Secretary of State Pompeo tours Africa (Senegal, Angola & Ethiopia); 16-19 Feb
  • Nigeria inflation Jan-20 [fcst. 12.1% yy, prev. 12.0%]
  • Bank of Zambia MPC meeting; 17-18 Feb [fcst. 11.5% , prev. 11.5%]
  • South Africa state capture inquiry continues

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

  • Nigeria’s state oil company & partners spent $360 mln on Delta cleanup – NNPC
  • Libya’s NOC oil production at 135,745 bpd as of Monday
  • Libya’s rival factions dig in for long conflict
  • At least 23 killed in Niger aid stampede – officials
  • ICC trial in The Hague one option for Sudan’s Bashir – minister
  • Tunisia president to call early poll if govt loses vote of confidence
  • Africa Oil – Teapots return to buy cheap barrels; programmes awaited
  • EU agrees new Libya sea patrols after Austria lifts veto
  • South African rand falls as Moody’s cuts growth forecast, stocks firm
  • Armed men in military fatigues kill 22 in Cameroon village
  • As South Sudan deadline to form unit govt looms, soldiers and rebels hastily gather
  • Pompeo blasts corruption, promotes US business in Africa trip
  • Ethiopia approves supplementary budget of 27.89 billion birr
  • Popular Rwandan singer found dead in police cell – officials
  • Moody’s cuts South Africa’s 2020 GDP growth forecast to 0.7%
  • Gunmen kill 24 in attack on Burkina Faso church
  • Italy’s foreign minister Di Maio says EU agreed mission to block arms supply in Libya
  • Egypt pursues criminal investigation into Egyptian academic studying in Italy
  • Equatorial Guinea argues luxury Paris mansion was part of embassy when raided
  • Ivory Coast to issue domestic bonds worth $184 mln
  • Ivory Coast 2019/20 cocoa arrivals reached 1.474 mln T by Feb. 16 – exporters
  • Zimbabwe central bank leaves rates unchanged, bullish on inflation
  • Burning tyres and sore feet: Lagos bristles under bike ban
  • South Africa lifts foot-and-mouth auction ban – farm minister
  • South African rand firmer as China rate cut soothes virus anxiety
  • Kenyan farmers find sweet spot with nutritious, drought-hardy crop

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

macroafricaintel Daily Brief | 17 Feb

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

Global Markets

  • Asian shares hover around 3-wk highs on Chinese support measures
  • MSCI ex-Japan ticks up , Japan’s Nikkei stumbles
  • Chinese shares on firm footing on stimulus hopes
  • Japan’s GDP shrinks at fastest pace in 6 yrs
  • Singapore downgrades growth outlook due to coronavirus

Oil Markets

  • Oil prices slip ahead of data pointers on impact of coronavirus on demand
  • Global oil demand could fall by 435,000 bpd in Q1 – IEA
  • Russia may support further OPEC+ cuts on growing oil glut
  • Brent down 33 cents at $56.99 a barrel (0121GMT)
  • WTI down 13 cents at $51.92

Precious metals

  • Gold holds near 2-wk high on uncertainty over virus impact
  • Spot gold little changed at $1,582.27/oz. (0226GMT)
  • US gold futures down 0.1% at $1,585.40/oz.

Grains (15 Feb)

  • Corn, soy, wheat futures end lower ahead of US holiday weekend
  • Wheat futures settled up 0.1% at $5.42-3/4 a bushel
  • Corn futures settled down 0.5% at $3.77-3/4 a bushel
  • Soybeans futures settled down 0.4% at $8.93-3/4 a bushel

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

  • US Secretary of State Pompeo tours Africa (Senegal, Angola & Ethiopia); 16-19 Feb
  • Nigeria inflation Jan-20 [fcst. 12.1% yy, prev. 12.0%]
  • Bank of Zambia MPC meeting; 17-18 Feb [fcst. 11.5% , prev. 11.5%]
  • Protests on insecurity expected in Nigeria
  • South Africa state capture inquiry resumes

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

  • Netanyahu says Israeli airliners have started overflying Sudan
  • Burundi opposition picks presidential contender as UN warns of rights abuses
  • UN says Libya arms embargo a ‘joke’, demands accountability
  • Zimbabwe inflation falls to 2.23% m/m in January
  • Armed gang kills at least 30 in northwest Nigeria, police say
  • Tunisia talks on cabinet press on amid risk of new election
  • Tunisia PM designate proposes new govt, negotiations to continue
  • Libya faces financial crisis due to oil blockade – PM
  • Turkey’s Erdogan says Russia managing Libya conflict “at highest level” – NTV
  • Over 6,000 bodies found in Burundi’s mass graves
  • South Sudan cuts number of states from 32 to 10, unlocking peace process
  • Egypt agrees with five energy firms on exploration in Mediterranean – minister
  • Attackers kill 31 in Mali village, after massacre last year at same site
  • Turkey says Libya’s Haftar violating ceasefire, must be stopped
  • South Sudan cuts number of states from 32 to 10, unlocking peace process
  • Egypt’s jobless rate drops to 8% in fourth quarter 2019 – state agency
  • Egypt confirms first coronavirus case, says affected person is a foreigner
  • In new attack on site of massacre, 21 killed or missing in Mali
  • Africa Oil – Spot trade grinds to a halt
  • South Africa’s rand firmer after Ramaphosa’s speech, stocks flat
  • First Quantum says no expansion at Zambia copper mine until 2024
  • Algerians keep up protests a year after demonstrations began
  • Ethiopia to hold parliamentary elections on Aug. 29
  • Nigeria’s military razed villages in war on insurgents – Amnesty
  • South African court rejects union bid to block SAA job cuts
  • Kenya’s KCB sees loan growth tripling to 15% after rate cap appeal
  • South African public sector union says wage deal not open for review
  • Nigeria to pick advisers for $3.3 bln eurobond via open bids – OMO
  • Ramaphosa’s speech underscores weak South Africa credit outlook – Fitch
  • No reform, no cash: majors hold out for new Nigerian oil law
  • eSwatini’s economy likely grew 1.4% in 2019 – finin
  • Zimbabwe court clears opposition official facing subversion charges
  • Zimbabwe police fire teargas as court rules on opposition leader’s subversion case
  • Tough livestock farmers touched by South Africa drought donations
  • South Africa’s central bank moves to sell stake in African Bank
  • Lenders cheered as Kenya binged on medical equipment. Did patients get help?
  • African Development Bank says World Bank chief’s criticism “misleading”

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