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macroafricaintel Daily Brief | 21 Jan

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

Global Markets

  • Asia shares lurch lower, China flu risks mount
  • Nikkei and S&P 500 futures slip on safe-haven shift
  • Some point to economic risks around China flu outbreak
  • Markets await BoJ meeting, Trump speech at Davos

Oil Markets

  • Oil prices ease as supply risk concerns fade
  • Brent down 0.5% at $64.90 per barrel (0318GMT)
  • WTI down 0.2% at $58.40

Precious metals

  • Gold hits 2-wk high on safe-haven demand
  • Spot gold up 0.3% at $1,565.36/oz. (0147GMT)
  • US gold futures up 0.4% at $1,566/oz.

Grains

  • Corn falls as traders take profits after biggest daily gain in 3 mths
  • Corn futures down 0.5% at $3.87-1/4 a bushel (0124GMT)
  • Soybean futures little changed at $9.29-1/4 a bushel
  • Wheat futures down 0.2% at $5.69-1/4 a bushel

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

  • World Economic Forum in Davos; 21-24 Jan
  • Nigeria’s EFCC arraigns former attorney general Adoke on alleged Malabu oil scam
  • ODI’s “Increasing UK investment in Africa” event in London
  • Ivory Coast’s Ouattara expected at Chatham House event in London
  • South Africa state capture inquiry continues

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

  • Portugal probes Angola leaks as Eurobic bank distances itself from dos Santos
  • Oil rises as Libya declares force majeure in oilfields
  • Tunisian president chooses former finance minister to be PM
  • Ivory Coast clears homes around airport after child stowaway’s death
  • Prince Harry meets African leaders in London
  • Savannah Petroleum says Nigerian gas purchase is just the start
  • ‘Let us in!’ African women entrepreneurs implore investors at UK business event
  • Africa Oil – Programmes emerge, trade slow as market weighs Libya outage
  • Sudanese pound falls to record low on black market
  • UN says militants targeted aid worker hub in northern Nigeria
  • EU agrees to consider ways to support formal Libya truce
  • South African rand falls on domestic woes as stock rally ends
  • South African chrome firms warn of more than 1,200 job cuts
  • Egypt sovereign fund bringing in Actis to help attract investment
  • Libya’s NOC declares force majeure on Sharara, El Feel oilfields – document
  • Eni confirms production at Libya’s El Feel oilfield partially reduced
  • Egypt’s debt ratio to beat target this year, minister says
  • IMF lowers South African growth forecasts for 2020, 2021
  • UN says militants targeted aid worker hub in northern Nigeria
  • Son of Burkina Faso gold miner owner released after year-long captivity
  • Erdogan says Somalia has invited Turkey to explore for oil in its seas – NTV
  • Erdogan says Turkey not yet sent troops to Libya, only advisers – NTV
  • Next OPEC+ meeting scheduled for March – RIA cites OPEC’s Barkindo
  • Nigerian artist makes dark skin prosthetics to boost patients’ confidence
  • As Brexit nears, UK’s Johnson pushes for deeper trade ties with Africa
  • South African Airways says flights operating normally after bailout talks stall
  • Egypt primary surplus at 30 bln EGP in H1 FY 19/20
  • In Zimbabwe, a backyard hydroponic farm beats drought to grow veg
  • Ivory Coast 2019/20 cocoa arrivals reach 1.296 mln T by Jan. 19 – exporters
  • South African Airways says flights operating as normal
  • EM stocks, currencies flat ahead of key central bank meetings
  • Glencore, Merafe could cut up to 665 jobs at South African smelter
  • Pipeline fire kills three in Lagos – Reuters witness

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

macroafricaintel Daily Brief | 20 Jan

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

Global Markets

  • Asia shares inch higher as US markets holiday
  • Oil prices climb on Libyan supply concerns
  • Dollar firm as US economy outperforms
  • Eyes on US earnings, Netflix to report on

Oil Markets

  • Oil jumps to highest in more than a week after Libyan shutdowns
  • Brent up 1.1% at $65.59 a barrel (0331GMT)
  • WTI up 1% at $59.12

Precious metals

  • Gold prices rangebound as strong US data fuels risk-on sentiment
  • Spot gold up 0.1% at $1,558.47/oz. (0134GMT)
  • US gold futures down 0.1% at $1,558.10/oz.

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

  • UK-Africa investment summit in London
  • South Africa ruling ANC executives meet; 19-20 Jan
  • Nigeria supreme court to rule on gubernatorial appeals
  • Ghana’s NPP parliamentary & presidential nominations open
  • South Africa state capture inquiry resumes

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

  • Australia’s FAR takes final investment decision for Senegal’s first oil project
  • As Brexit nears, UK’s Johnson pushes for deeper trade ties with Africa
  • Gargash says UAE supports Berlin conference on Libya – tweet
  • Pompeo sees progress towards ceasefire in Libya at Berlin summit
  • Libya’s oil output to drop to 72,000 bpd in a few days – NOC
  • Libya summit in Berlin brough “little step forward” – Russia’s Lavrov
  • Berlin summit on Libya did not discuss any sanctions – Merkel
  • Italy ready to play leading role in monitoring Libya peace – PM Conte
  • UN chief says he is very worried that oil ports, oilfield shut in Libya
  • South Africa tries to secure funding for struggling SAA
  • Libya summit in Berlin agrees to strengthen arms embargo – Merkel
  • Southern Libyan oil fields face closure as pipeline blockaded
  • France’s Macron says presence of foreign fighters in Libya must end immediately
  • South African union angered by Telkom’s proposed job cuts
  • Turkey’s Erdogan urges Libya’s Haftar to end aggressive stance
  • Putin: Don’t lose hope that Libya conflict will be solved
  • Qatar condemns storming of Libya’s eastern Zueitina port
  • Ivory Coast rules that presidential candidate Soro can face trial
  • Africa Crude – Nigerian OSPs, programmes emerge
  • South African stocks hit near 7-mth highs, led by Richemont, miners
  • Burundi’s mass graves reopen old wounds
  • Nigeria’s debt rose to 26.2 trln naira as of Sept – debt office
  • Nigeria to issue 150 bln naira worth of sukuk this year
  • Nigeria’s lender Access acquires Kenya’s Transnational Bank
  • Nigeria’s Access Bank eyes African expansion after Kenyan acquisition – spokesman
  • ENI’s Agogo oilfield in Angola begins output at 10,000 bpd
  • South Africa’s rand edges up after surprise rate cut
  • Kenya shilling firms on horticulture inflows, remittances
  • Nigeria inflation climbs for fourth month as prices rise across board
  • Foreign investors bought less Nigeria bonds last year – debt office
  • Foreign powers back Libya ceasefire as commander’s forces choke oil flows
  • Rwanda GDP to grow 8% in 2020 – IMF
  • South African retailers TFG and Mr Price lure holiday shoppers with discounts
  • Guinea-Bissau Supreme Court calls for clarification of presidential vote result
  • Eastern Libyan forces commander Haftar arrives in Berlin for summit
  • Car bomb hits Turkish contractors, police near Somalia capital, six wounded – police
  • Nigeria producing 1.774 mln barrels of crude per day – minister
  • Mali’s new mining code sets “stability period” at 20 years
  • Locust plague devastates crops in Horn of Africa
  • Mozambique’s do Rosario stays on as prime minister in trimmed cabinet
  • Iceland’s Samherji exiting Namibia following bribery scandal
  • UK seeks to confiscate convicted Nigerian politician’s loot
  • Portugese court rules against dos Santos over tweets she calls slander
  • Amid Kenya power struggle, IMF says investment programme in crisis
  • Tanzania’s shilling to weaken, Uganda’s currency to be steady
  • IEA says oil stocks, non-OPEC output to buffer market from shocks
  • Can ‘Made in Africa’ cigars compete with Cuba?
  • Nigeria to talk to concessionary lenders about $2.8 bln borrowing: debt office
  • Angola’s dos Santos moots presidency run despite charges
  • Libya’s Haftar committed to ceasefire, Germany says
  • Lesotho PM Thabane says he intends to resign – SABC
  • Sudan appoints new intelligence chief in wake of failed revolt
  • Kenya in talks with World Bank for loan of as much as $1 bln

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

macroafricaintel Daily Brief | 17 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares firm as China’s GDP raises hopes of recovery
  • MSCI Asia ex-Japan +0.1%, Nikkei +0.49%
  • Global stock index inches up to record highs
  • China 2019, Q4 GDP growth in line with expectations

Oil Markets

  • China’s 2019 & Dec crude oil runs hit record highs; up 7.6% y/y
  • Brent up 3 cents at $64.65 a barrel (0123GMT)
  • WTI up 6 cents at $58.58 a barrel

Precious metals

  • Gold eases on demand for riskier assets, set for week in 2 mths
  • Gold down 0.1% at $1,550.96/oz. (0118GMT)
  • US gold futures flat at $1,550.80/oz.

Grains

  • Soybeans fall, set for biggest weekly loss in 5 mths
  • Soybeans fall as China says US buys dependent on market
  • Soybean futures down 2.3% week thus far; little changed at $9.24-1/2 a bushel (0206GMT)
  • Corn futures up 0.5% at $3.77-1/2 a bushel; down 2% for the week
  • Wheat futures little changed at $5.65-3/4 a bushel; up nearly 0.5% for the week

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

  • Nigeria inflation Dec-19 [fcst. 12.2% yy, prev. 11.9%]
  • South Africa – India joint ministerial commission in New Delhi; Pandor co-chairing
  • Comoros parliamentary elections
  • Nigeria’s Buhari heads to London today for UK-Africa summit (20 Jan)
  • Libya Berlin conference (19 Jan)

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

  • South African central bank surprises with rate cut by 25bps to 6.25%
  • South Africa’s rand firms on surprise rate cut
  • Sibanye cuts fewer jobs than planned in Marikana restructuring
  • South Africa’s finance minister seeking funding for airline SAA
  • Senegal rape law offers hope after years of silence
  • German foreign minister says Libya’s Haftar backs ceasefire: n-tv
  • Lesotho PM Thabane says he intends to resign: SABC
  • Record 45 mln people across Southern Africa face hunger: UN food agency
  • EU parliament condemns rights crackdown in Burundi ahead of 2020 election
  • UK seeks to confiscate convicted Nigerian politician’s loot
  • Angola’s dos Santos moots presidency run despite charges
  • Nigerian militants free 3 aid workers, other civilian hostages: U.N
  • Seeking peace in Libya & Iran, past inaction haunts EU diplomacy
  • MTN Group appoints Kyomukama as South Sudan CEO
  • South Africa scours state coffers in bid to rescue SAA
  • Firm linked to Nigerian oil firm Lekoil welcomes loan scam probe
  • Makgoba appointed interim chair at South Africa’s Eskom
  • Erdogan says Turkey starting troop deployment to Libya
  • South African Airways selling nine Airbus aircraft – tender document
  • Kenyan shiiling firms against dollar on back of remittances, investors buying stocks

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

macroafricaintel Daily Brief | 16 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • World stocks pause at record peak as markets assess US-China deal
  • MSC ACWI, S&P 500 at record high after Phase 1 deal inked
  • Chinese shares little moved
  • Bond yields dip on low inflation data

Oil Markets

  • Oil gains after US-China trade deal, rise in inventories
  • Brent up 0.7% at $64.45 a barrel (0310GMT)
  • WTI up 0.7% at $58.20

Precious metals

  • Gold steady as uncertainties linger after US-China trade deal
  • Spot gold up 0.1% at $1,556.69/oz. (0140GMT)
  • US gold futures up 0.2% at $1,556.40/oz.

Grains

  • US soybeans fall to near 1-mth low on doubts about Chinese purchase
  • Soybean futures down 0.1% at $9.27-3/4 a bushel (0138GMT)
  • Corn futures down 0.2% at $3.86-3/4 a bushel
  • Wheat futures down 0.4% at $5.71-1/4 a bushel

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

  • South Africa central bank decides interest rates [fcst. 6.5%, prev. 6.5%]
  • Team South Africa pre-World Economic Forum breakfast meeting in Johannesburg
  • South Africa mining production Nov-19 [fcst. 0.2% yy, prev. -2.9%]
  • South Africa state capture inquiry continues

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

  • Erdogan, Trump discuss Libya developments in phone call
  • Firm linked to Nigerian oil firm Lekoil welcomes loan scam probe
  • Egypt, Ethiopia, Sudan to finalize Blue Nile dam agreement this month
  • South African Airways flights at risk without $139 mln from govt – union
  • Turkey summons Egypt diplomat after raid on Anadolu agency in Cairo
  • Amid fears US will pull troops from Africa, French minister heads to Washington
  • South Africa’s Telkom could cut 3,000 jobs – letter to unions
  • Macron says wants “useful” meeting on Libya, unsure on attendance
  • Mali’s gold production rises 7% in 2019 to record high
  • Too early to say Libya ceasefire has collapsed – Turkish defence minister
  • Africa Oil – Sonangol sells out, Nigerian glut mounts
  • Egypt forms a new team to investigate the death of Italian student
  • Egypt could resell Israeli gas to Europe within months – Israeli minister
  • Makgoba appointed interim chair at South Africa’s Eskom
  • Egypt issues new mining law regulations – cabinet
  • South Africa’s rand firms on better-than-expected retail sales data
  • Italian appeals court acquits Saipem, Eni in Algerian graft case
  • Morocco begins talks to curb trade deficit with Turkey
  • South Africa’s Eskom takes energy regulator to court over tariffs
  • Ethiopian Airlines to start building new $5 bln airport this year – CEO
  • Sudan reopens airspace after revolt quelled
  • Ethio Telecom posts 32% rise in H1 revenue
  • Egypt orders retrial of monks sentenced to death for bishop’s murder
  • Ethiopia sets tentative August date for elections
  • Germany sets out broad aims for Berlin Libya conference
  • Scientists hope to revive near-extinct northern white rhino in Kenya
  • EasyJet to restart UK flights to Egypt’s Sharm el-Sheikh resort
  • Uganda shilling weakens on importer demand
  • Kenya to ditch wide fiscal deficits – finmin
  • South Africa’s retail sales up 2.6% y/y in November
  • Mozambique leader Nyusi sworn in despite opposition boycott
  • Trafficking risk high for hundred of migrants sent back to Libya
  • Congo opens Chinese-owned Deziwa copper and cobalt mine
  • South African nuclear firm Necsa’s board members resign
  • Ghana sells 280,000 T of 2020/21 cocoa export contracts with LID by Jan. 7
  • Ivory Coast sells around 720,000 T of 2020/21 cocoa export contracts with LID by Jan.3 – CCC
  • Ivory Coast 2019/20 Q1 cocoa grind up 4.4% by end Dec.
  • Kenya shilling trading in tight range against the dollar
  • Kenya’s Treasury cuts 2019 growth estimate to 5.6%

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

macroafricaintel Daily Brief | 15 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Stocks tread water ahead of signing of initial US-China trade deal
  • US-China Phase 1 trade deal to be signed later (1630GMT) on Weds [@macroafrica: Market neutral to negative event with tariffs still in place]
  • Tariffs to stay until there is Phase 2 agreement: Mnuchin
  • Wall St stocks flat; Yields inch lower; FX subdued except yuan

Oil Markets

  • Oil prices slip on concerns US-China trade deal may not boost demand
  • US output to rise in 2020 more than previously expected – EIA
  • Brent down 0.3% at $64.28 per barrel (0206GMT)
  • WTI down 0.4% at $58.00

Precious metals

  • Gold inches up as US says China tariffs in place till Phase 2 deal
  • Spot gold up 0.1% at $1,547.23/oz. (0117GMT)
  • US gold futures up 0.2% at $1,547.80/oz.

Grains

  • Wheat up for 2nd session, trades near 1-1/2 year high
  • Wheat futures up 0.3% at $5.70 per bushel (0156GMT)
  • Corn futures unchanged at $3.89 per bushel
  • Soy futures up about 0.1% at $9.42-3/4 per bushel
  • Rice futures up 0.1% at $13.37 per hundredweight

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

  • Mozambique’s Nyusi inauguration; South Africa’s Ramaphosa attending
  • Nigeria’s armed forces remembrance day; Buhari to preside over official event
  • South Africa retail sales Nov-19 [fcst. -0.2% yy, prev. 0.3%]
  • South Africa central bank MPC meets on interest rates (14-16 Jan)
  • Egypt, Ethiopia & Sudan meet over Nile dam in Washington DC; 15 Jan deadline for agreement
  • South Africa state capture inquiry continues

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

  • Sudan’s airspace is open, sovereign council chief says
  • Natural gas pumping from Israel to Egypt to start on Wednesday – statement
  • Sudan quells revolt of former spy service men after clashes
  • Sudan govt forces retake all intelligence buildings in capital – military source
  • World Court to rule on emergency measures in Myanmar genocide case on Jan. 23 – Gambia
  • Africa Oil – Nigerian offered in window, Angolan programme expected
  • South Africa will embrace private power generation, Ramaphosa says
  • South Africa rand slips as Woolworths, Old Mutual lead stocks higher
  • Kenya’s president reshuffles cabinet amid rift with deputy president
  • Turkey won’t shun “teaching a lesson” to Libyan commander Haftar if attacks continue
  • Germany invited Libya’s Serraj, Haftar to conference
  • Russia: Libya’s Haftar is taking 2 days to discuss ceasefire deal – Ifax
  • Reprieve for South Africa’s Old Mutual as court rules against fired CEO
  • Gunfire head in Sudanese capital – witness
  • South Africa’s Woolworths appoints Roy Bagattini CEO
  • Morocco 2020 economic growth seen rising to 3.5%
  • Kenya’s president reshuffles cabinet, confirms Yatani as finance minister
  • Turkey says ready to act against Haftar if Libya attacks continue
  • Kenyan shilling firms against the dollar
  • South African consumer confidence remains near 2-yr low – survey
  • South African court upholds Old Mutal appeal against reinstatement of ex-CEO
  • Kenya’s president urges the central bank to prevent predatory lending
  • Libya’s Haftar leaves Moscow without signing ceasefire – TASS
  • Eastern Libyan forces says ready and determined to achieve victory – website

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

macroafricaintel Daily Brief | 14 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian stocks rally to record high ahead of trade deal; yen slips
  • Imminent trade deal drives optimism
  • World stocks hit record high, Nikkei hits month-high
  • Yen drops to 7-mth low

Oil Markets

  • Oil prices dip as Mideast tensions ease; market eyes trade deal
  • US crude oil inventories likely fell last week – poll
  • Brent down 0.1% at $64.12 a barrel (0124GMT)
  • WTI down 0.1% at $58.04

Precious metals

  • Gold falls ahead of US-China trade deal on improved risk appetite
  • Spot gold down 0.7% at $1,537.67/oz. (0126GMT)
  • US gold futures down 0.9% at $1,537.10/oz.

Grains

  • Soybeans drop for 2nd day; US-China trade deal eyed
  • Wheat futures down 0.1% at $5.61-1/2 a bushel (0213GMT)
  • Corn futures down about 0.1% at $3.89-1/4 a bushel
  • Soy futures down 0.1% at $9.41 a bushel
  • Rice futures unchanged at $13.23 per hundredweight

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

  • 2nd Business Unity South Africa Indaba; Ramaphosa attending
  • South Africa state capture inquiry resumes
  • Nigeria Supreme Court to decide 6 gubernatorial election appeals
  • South Africa consumer confidence Q4-19 [prev. -7]
  • South Africa central bank MPC meets on interest rates (14-16 Jan)
  • Egypt, Ethiopia & Sudan meet over Nile dam in Washington DC; 15 Jan deadline for agreement
  • South Africa’s Mabuza in South Sudan for consultations on peace agreement

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

  • US confirms ‘avoidable’ death of Egyptian-American Kassem in custody
  • Nigeria’s Lekoil halts London trading on finding loan was ‘complex façade’
  • France, West Africa to unite forces in fight against militants
  • Nigeria’s central bank reschedules monetary policy committee meeting to Jan.23-24
  • France to send extra 220 troops to fight militants in Sahel – Macron
  • Libya’s Haftar, Serraji did not meet officially during Moscow talks – Interfax
  • South Africa’s mining industry calls for action to end power crisis
  • Libya peace talks in Moscow fall short of ceasefire deal
  • Nigeria seeks to boost revenue, support small firms with new finance law
  • Africa Oil – India’s IOC issues two tenders, programmes awaited
  • Egypt’s Suez Canal Economic Zone to set up investment arm
  • South African rand soft ahead of data-packed week
  • US Supreme Court rebuffs Sudan bid to limit damages over embassy bombings
  • Ivory Coast pledges trafficking crackdown as 137 child victims are rescued
  • Trump, Germany’s Merkel discussed security, Libya – White House
  • Egypt’s central bank received no request from Bank Audi to sell Egyptian unit
  • Egypt’s Beltone to sell stake in brokerage Auerback in 2020
  • Niger sacks army chief after deadliest attacks in years
  • Zimbabwe finance minister sticks to 3% growth forecast despite poor rains
  • EU welcomes Libya ceasefire, says UN must lead reconciliation
  • Kenya’s stock exchange sees boost from repeal of rate cap
  • Angola holds off on chasing dos Santos’ assets abroad – prosecution
  • MTN Nigeria rises 10% after $2 bln tax case withdrawn
  • Ivory Coast 2019/20 cocoa arrivals reach 1.259 mln T by Jan. 12 – exporters
  • Germany plans to hold Libya summit on Jan 19 – participants
  • Ivory Coast cocoa arrivals reached 1.112 mln T by Dec. 31
  • Angolan courts could take action to seize dos Santos’ assets abroad ‘if necessary’ – prosecution
  • 3 teachers killed in suspected militant attack near Kenya’s Somalia border – police
  • South Africa’s Massmart could cut 1,440 jobs
  • Uganda shilling stronger on back of commodity flows

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

macroafricaintel Daily Brief | 13 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia shares touch new 19-mth highs ahead of US-China trade deal
  • Asia shares ex-Japan up 0.47%; Tokyo on holiday
  • US & China due to sign trade deal on Wednesday
  • Sentiment cautious after wild swings last week
  • China economic data due Friday in focus

Oil Markets

  • Oil dips on easing US-Iran tensions, eyes on China trade deal
  • Brent down 0.2% at $64.85 per barrel (0120GMT)
  • WTI down 0.2% at $58.95

Precious metals

  • Gold dips on Sino-US trade optimism, firm dollar
  • Spot gold down 0.4% at $1,555.76/oz. (0131GMT)
  • US gold futures down 0.2% at $1,556.30/oz.

Grains

  • Soybeans firm as US-China trade deal signing day nears
  • Soybean futures up 0.2% at $9.47-3/4 a bushel (0149GMT)
  • Corn futures up 0.5% at $3.87-1/2 a bushel
  • Wheat futures down 0.2% at $5.63-1/4 a bushel

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

  • Sahel G5 leaders to meet Macron in France
  • Egypt, Ethiopia & Sudan meet over Nile dam in Washington DC
  • China’s foreign minister Wang Yi in Zimbabwe; already visited Egypt & Djibouti in Africa tour (7-13 Jan), Eritrea & Burundi also on itinerary
  • Rwanda’s Kagame in Abu Dhabi for Abu Dhabi Sustainability Week
  • Guinea-Bissau’s president-elect Emballo expected in The Gambia
  • Egypt & Sudan start joint 50MW electricity grid (12 Jan)
  • Ethiopia’s Abiy state visit to South Africa (11-12 Jan)

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

  • Guinea-Bissau Supreme Court rejects challenge to presidential election result
  • Ethiopian PM Abiy expects parliamentary election in May or June
  • Libya ceasefire call brings lull in heavy fighting
  • Both sides accuse each other of violating ceasefire in Libya
  • Equatorial Guinea to add 20,000 bpd of oil production this year
  • Libyan forces loyal to Haftar announce ceasefire, GNA agrees to truce
  • Niger army base attack death toll rises to at least 89 – security sources
  • German chancellor Merkel says Berlin will host Libya peace talks
  • Russia’s Putin: Russians fighting in Libya do not represent the state
  • Tunisia parliament rejects govt, coalition building must restart
  • Member of Kenya’s Akasha organization sentenced to 23 years in prison in US
  • Chairman of South Africa’s Eskom quits after holiday power cuts
  • Nigeria revokes $2 bln tax case against telecoms firm MTN
  • Interim chair for South Africa’s Eskom to be announced in due course – president
  • Zimbabwe public workers reject govt offer to double pay
  • Africa Oil – Angolan cargoes sell, tender results emerge
  • Niger sets new offensive against militants after 25 soldiers killed
  • I’m a scapegoat: Angola’s Isabel dos Santos decries corruption ‘witch hunt’
  • Congo ethnic killings may amount to crimes against humanity – UN
  • Kenya warns locust swarm is spreading, threatening food security
  • Turkey aims to sign deal with Libya over Gaddafi-era compensation
  • Egypt, Ethiopia, Sudan deadlocked over giant Nile dam, look to Washington talks
  • Kenya’s tourism earnings, arrivals rise in 2019
  • South Africa’s Eskom scales back power cuts, system still vulnerable

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