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macroafricaintel Daily Brief | 12 Jan

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

Global Markets
• Democrats push impeachment Wednesday, FBI warns of armed protests ahead of inauguration
• Stocks pause for breath as bond selloff extends
• US bank quarterly profits expected to fall again from pre-covid levels
• Oil prices dip on rising virus cases; expected stock draw stems losses
• Brent down 0.2% at $55.56, WTI down 0.2% at $52.17 (0500GMT)
• Gold steadies as weaker stocks offset stronger dollar, bond yields
• Spot gold little changed at $1,845.19/oz., futures down 0.3% at $1,845.90 (0037GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Nigeria finmin Ahmed presents details of 2021 appropriation act
• South Africa manufacturing production Nov-20 [fcst. -1.3% yy, prev. -3.4%]
• South Africa state capture inquiry continues
• South Africa retail sales Nov-20 [fcst. -4.9% yy, prev. -1.8%] (13 Jan)
• Uganda holds general elections (14 Jan)
• Ghana supreme court hears Mahama petition (14 Jan)
• Nigeria inflation Dec-20 [fcst. 15.8% yy, prev. 14.9%] (14 Jan)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• IMF says board approves $487.5 mln disbursement to Angola
• In Senegal, lack of cold storage limits covid vaccine options
• South Africa secures 20 mln vaccines from manufacturers, Ramaphosa says
• World Bank to invest $5 bln in 11 Africa countries
• Paris Club of international creditors accept Kenya debt relief request
• Facebook takes down Uganda pro-Museveni accounts ahead of election
• Africa free trade tariff rules should be completed by July – official
• Guinea: Steinmetz trial on corruption charges opens in Geneva
• 3-way talks on Ethiopia dam reach new impasse
• Uganda presidential election pits Museveni against popular singer
• Seychelles rolls out covid-19 vaccination using China’s Sinopharm, says president’s office
• Zambia president dismisses health minister, no reason given

Bloomberg
• IMF to disburse $488 mln to Angola as it seeks to curb debt
• South Africa extends alcohol ban, curbs travel amid virus surge
• Credit Suisse’s former CEO Thiam to start blank-check firm
• J&J plans to submit South Africa vaccine trial data by Jan. 21
• Virus resurgence leaves South Africa at risk of oxygen shortfall
• Almost half of South Africa’s oil refining seen shut until 2022
• Africa exceeds 3 mln covid-19 cases, 30% in South Africa

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

macroafricaintel Daily Brief | 11 Jan

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

Global Markets
• ‘No one cares. At all’ Trump staff lurch toward the end
• US House will vote to urge Trump declared incapable before impeachment: Pelosi
• Asia stocks near highs, yields up on US stimulus risk
• Oil prices fall on renewed coronavirus concerns as China cases mount
• Brent down 1.2% at $55.34, WTI down 0.8% at $51.80 (0439GMT)
• Gold hits near 6-wk low on firmer dollar, higher treasury yields
• Spot gold down 0.7% at $1,835.96/oz., futures flat at $1,835.60 (0259GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Ethiopia tripartite GERD talks resume; already at an impasse
• South Africa state capture inquiry resumes
• COP26 virtual climate roundtable
• South Africa SACCI business confidence Dec-20 [prev. 93.4]
• Nigeria finmin Ahmed presents details of 2021 appropriation act (12 Jan)
• South Africa manufacturing production Nov-20 [fcst. -1.3% yy, prev. -3.4%] (12 Jan)
• South Africa retail sales Nov-20 [fcst. -4.9% yy, prev. -1.8%] (13 Jan)
• Uganda holds general elections (14 Jan)
• Ghana supreme court hears Mahama petition (14 Jan)
• Nigeria inflation Dec-20 [fcst. 15.8% yy, prev. 14.9%] (14 Jan)
• Covid-19 updates by authorities across the continent

Key African events or data releases over the weekend & early a.m today
Reuters
• Ethiopia military says it killed 15 members of rebellious Tigray forces, captured 8 others
• 3-way talks on Ethiopia dam reach new impasse
• 6 Virunga Park rangers killed in eastern Congo ambush
• Irish health officials believe South Africa covid-19 variant contained
• France warplanes fly over CAR amid rebel offensives
• Ethiopia women raped in Mekelle, says soldier
• Ghana receives offshore LNG terminal in first for sub-Saharan Africa
• South Africa testing vaccines on variant, hopes for results within 2 weeks
• Gambia seizes 3 tonnes of cocaine in one of West Africa’s largest busts
• At least 13 dead as suicide bomber, gunmen attack town in Cameroon – UN
• Scientists surprised to discover two dwarf giraffes in Namibia, Uganda
• Almost 2.3 mln people need aid in Ethiopia’s Tigray – UN report
• Tanzania’s president asks China to forgive some outstanding debts
• Uganda police chief: beating of reporters for their own good
• Vodacom and MTN telecommunications towers burnt in South Africa by 5G protesters
• Zimbabwe journalist arrested for third time in 6 months
• South Africa’s two biggest pharmacies plan to offer covid-19 vaccines
• Nigeria oil firm Lekoil fights top shareholder over board
• Sudan cabinet approves 2021 budget

Bloomberg
• Satellite images show Ethiopia carnage as conflict continues
• Wheat exporters in Australia look beyond China to north Africa
• Talks over Ethiopia’s Nile dam hit another deadlock, Egypt says
• Africa exceeds 3 mln covid-19 cases, 30% in South Africa
• Algeria president returns to Germany to complete treatment
• South Sudan’s main power provider closes over lack of dollars
• Egypt inflation eases to lowest since October on food prices
• Zambia fuel subsidy boost hurts chances of winning over IMF
• Tanzania asks China for debt write-off, approves rail deal
• Senegal sees 2023 start for $4.8 bln BP-backed project
• South Africa’s ANC sees land expropriation clause this year
• War-torn Ethiopia region still wracked by fighting, UN says
• Glencore is close to selling troubled Zambia copper mine
• Outlook bleak for Nigeria bonds with real yields firmly negative
• Less than one third of Kenyans would vote to change constitution
• South Africa factory mood drops to 5-mth low on virus 2nd wave
• US consortium buys majority stake in South Africa rugby team

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

macroafricaintel Daily Brief | 8 Jan

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

Global Markets
• Democrats inch toward 2nd Trump impeachment after Capitol siege
• US transport, education secretaries quit in staff exodus after Capitol violence
• Asia stocks hit fresh records on hopes for global recovery
• Bitcoin slides more than 5% after topping $40,000 for first time
• Oil near 11-mth highs on Saudi output cut pledge, equities rally
• Brent up 0.2% at $54.51, WTI up 0.3% at $50.97 (0531GMT)
• Gold eases as stronger dollar, higher yields weigh
• Spot gold down 0.1% at $1,911.32/oz., futures down 0.1% at $1,912.30 (0246GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• South Africa’s Ramaphosa delivers ruling ANC 109th anniversary “January 8” statement in Limpopo
• Ghana opposition NDC briefs press
• South Africa state capture inquiry resumes
• Kenya nurses down tools
• South Africa Absa manufacturing PMI Dec-20 [prev. 52.6]
• South Africa SACCI business confidence Dec-20 [prev. 93.4]
• China’s foreign minister tours Africa (Nigeria, DRC, Tanzania, Botswana & Seychelles)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Ethiopia general says Eritrea troops entered Tigray: video clip
• Mali, France army deny wedding party killed in strike against militants
• UK extends England entry ban to travellers from 11 Africa countries for covid variant
• Two China firms to build $1.32 bln Tanzania rail line
• Namibia sees steady downward trend in rhino and elephant poaching
• Senegal confirms bird flu outbreak on poultry farm – OIE
• Uganda’s Bobi Wine asks ICC to investigate rights abuses
• Eni teams up with Qatar’s QIA on green energy projects in sub-Saharan Africa
• Ghana president urges unity after scuffle in parliament
• Amid covid-19 surge, South Africa aims to vaccinate for herd immunity
• South Africa’s Aspen could produce J&J covid shots by end-March
• Sengal seeking vaccines beyond WHO-backed covax scheme
• Paris Club of creditors says Mali gets debt deadline extension
• South Africa union to approach constitutional court over public sector wage ruling
• South Africa says to get 1.5 mln vaccines from Serum Institute of India
• Morocco approves AstraZeneca/Oxford covid-19 vaccine – minister
• Sudan quietly signs Abraham Accords weeks after Israel deal
• South Africa medical schemes to fund covid-19 vaccines for 30% of adults
• DRC says China has granted pandemic-linked debt relief
• Ten presidential candidates call for election re-run in CAR

Bloomberg
• US consortium buys majority stake in South Africa rugby team
• South Africa in ‘advanced stage’ talks with J&J about vaccines
• Enel, Qatar’s sovereign fund to develop renewables in Africa
• South Africa car industry to feel more pain if covid rules increase
• South Africa struggling to contain covid pandemic
• Ghana set for first sub-Saharan Africa LNG-to-power project
• South Africa’s rand suffers from deepening virus crisis
• South Africa excess deaths reach record as covid resurges
• South Africa virus strain more transmissible, not more severe
• Zimbabwe’s Kuvimba seeks $1 bln for 2021 acquisitions, capex
• Covid measures block key South Africa chrome-export crossing
• Tanzania to sign $1.32 bln rail contract with China firms
• South Africa sets vaccine cost at $1.4 bln for main rollout
• South Africa stocks extend record as stimulus hopes boost miners
• South Africa insurers to pay 14 mln covid-19 measures

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

macroafricaintel Daily Brief | 7 Jan

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

Global Markets
• Investors look on US Capitol breach with ‘muted reaction,’ worry if escalates
• Congress resumes certification of Biden’s win after Trump supporters storm US Capitol
• Crypto market value tops $1 tln as bitcoin breaches $37,000
• Oil steady after US Capitol drama; tighter supplies in focus
• Brent up 8 cents at $54.38, WTI up 11 cents at $50.74 (0125GMT)
• Gold inches down as higher yields outweigh stimulus optimism
• Spot gold down 0.1% at $1,916.77/oz., futures up $1,918.40 (0250GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Ghana inaugurates 8th parliament & swears in Akufo-Addo for 2nd term
• South Africa’s Ramaphosa delivers ruling ANC 109th anniversary “January 8” statement in Limpopo (8 Jan)
• China’s foreign minister tours Africa (Nigeria, DRC, Tanzania, Botswana & Seychelles)
• South Africa state capture inquiry resumes (8 Jan)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Ten presidential candidates call for election re-run in CAR
• 3 drowned, dozens missing, after boat sinks in eastern Congo’s Lake Kivu
• Over 2 mln people displaced by conflict in Ethiopia’s Tigray region – local official
• Roadside bomb kills five in Cameroon’s restive North West region
• DRC says China has granted pandemic-linked debt relief
• Uganda presidential challenger Bobi Wine campaigns in a flak jacket

Bloomberg
• Zimbabwe hospitals buckle under covid strain as infections surge
• Sudan signs accord that sets stage for normalization with Israel
• Ghana insurers get 6-mth extension to meet new capital base
• South Africa officials argue for harsher measures to curb covid
• South Africa stocks hit 3-yr high as platinum rally resumes
• US’ Mnuchin arrives in Sudan for talks on economic crisis, aid
• Ethiopia accuses Sudan of killing civilians in border dispute
• South Africa’s hope for health worker vaccines thwarted, BD says

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

macroafricaintel Daily Brief | 6 Jan

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

Global Markets
• Stocks fall, bond yields rise as investors brace for possible Democrat triumph in Georgia; dollar squeezed
• Saudi vows extra cuts as OPEC+ agrees small rise in oil output
• Brent oil rises to highest since February after Saudi Arabia output cut
• Brent up to $53.79, WTI up 0.3% at $50.06 (0147GMT)
• Gold eases as dollar gains on ‘knife-edge’ Georgia race
• Spot gold down 0.3% at $1,943.46/oz., futures down 0.4% at $1,947.50 (0355GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• South Africa IHS Markit PMI Dec-20 [prev. 50.3]
• Nigeria Stanbic IBTC PMI Dec-20 [prev. 50.9]
• Kenya, Ghana & other Africa PMIs for Dec-20 due
• South Africa’s Covid-19 “command” council meets
• Senior executives of South Africa’s ruling ANC meet
• South Africa’s Ramaphosa delivers ruling ANC 109th anniversary “January 8” statement in Limpopo (8 Jan)
• China’s foreign minister tours Africa (Nigeria, DRC, Tanzania, Botswana & Seychelles)
• Ghana dissolves 7th & inaugurates 8th parliament (6-7 Jan)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Ethiopia police release detained Reuters cameraman without charge
• South Africa variant unlikely to ‘completely negate’ covid vaccines, scientist says
• More than 20 at Mali wedding ceremony killed in air strike – health worker
• Vietnam suspends flights from UK, South Africa over new covid-19 variants
• UK scientists worry vaccines may not protect against South Africa coronavirus variant
• At least 22 killed in eastern Congo village
• World risks ‘moral catastrophe’ if covid shots delayed in Africa, its CDC chief says
• Botswana sets currency to lose value faster in 2021
• Niger mourns, probes weekend massacre in two villages

Bloomberg
• Audit woes at South Africa’s land bank has bondholder worried
• South Africa govt to appeal ruling against tobacco ban
• Pfizer has offered South Africa discounted covid-19 vaccines
• Egypt business activity worsens in reversal of 3 months of gains

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

macroafricaintel Daily Brief | 5 Jan

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

Global Markets
• Asia stocks fall amid concern about Georgia senate vote
• Senate control at stake as Georgia runoff elections loom
• US FCC action to limit key social media protection increasingly unlikely
• Oil little changed as investors await OPEC+ decision
• Brent up 0.2% at $51.17, WTI up 0.3% at $47.74 (0206GMT)
• Gold eases as dollar recovers; Georgia elections in focus
• Spot gold down 0.2% at $1,938.11/oz., futures down 0.3% at $1,941.40 (0235GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• OPEC+ ministers meet for 2nd day
• Ghana’s Akufo-Addo delivers state of the nation address
• South Africa’s Ramaphosa delivers ruling ANC 109th anniversary “January 8” statement in Limpopo (8 Jan)
• China’s foreign minister tours Africa (Nigeria, DRC, Tanzania, Botswana & Seychelles)
• Ghana dissolves 7th & inaugurates 8th parliament (6-7 Jan)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• UK scientists worry vaccines may not protect against South Africa coronavirus variant
• [Militant] branch claims responsibility for killing 2 France soldiers in Mali
• Niger mourns, probes weekend massacre in two villages
• CAR President Touadera wins re-election
• eSwatini aims to vaccinate entire population against covid-19
• South Africa’s Santam to start assessing some rejected covid-19 claims
• Parents worry as crowded Kenya schools reopen after coronavirus shutdown
• Niger village attacks killed 100, says prime minister
• Kenya extends night curfew to March to curb covid-19 spread
• CAR rebels attack and enter town before election results announced
• South Africa targets covid-19 vaccines next month but deals not yet signed

Bloomberg
• South Africa insurers may fund vaccines for broader population
• South Africa’s Eskom unprepared as generator leak accelerates nuclear shutdown
• Universal Music plans Africa expansion to tap streaming growth
• Pfizer has offered South Africa discounted covid-19 vaccines
• South Africa business says it’s considering paying for vaccines
• Nigeria says war-crimes probe hampers fight against insurgents
• South Africa’s vaccine plan draws scrutiny as funding is sought
• South Africa covid strain raises growing alarm in the UK
• Ghana’s costly wait for its post-Brexit trade deal with UK
• South Africa nabs trio with 74 kg of gold in hand luggage
• Egypt central bank extends debt relief initiative due to virus
• Egypt offers financing incentive for converting cars to natural gas
• The Big Question: Can Nigeria be saved?

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

macroafricaintel Daily Brief | 4 Jan

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

Global Markets
• Asia shares reach record, Nikkei restrained by lockdown risk
• Bitcoin trades near Sunday record of $34,800 following 800% surge
• Asia factories shake off covid-19 hit, tighter controls cloud outlook
• Oil prices slip after OPEC warns of downside risks to demand in first-half 2021
• Brent down 0.1% at $51.76, WTI down 0.2% at $48.43 (0038GMT)
• Gold scales 8-wk high as tighter lockdown measures loom
• Spot gold up 1.1% at $1,919.07/oz., futures up 1.5% at $1,923.50 (0246GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• OPEC+ ministers meet
• Kenya reopens schools; after covid-induced closure
• Ghana dissolves 7th & inaugurates 8th parliament (6-7 Jan); press briefing today (4 Jan)
• Ghana’s Akufo-Addo delivers state of the nation address (5 Jan)
• Covid-19 updates by authorities across the continent

Key African events or data releases over the weekend & early a.m today
Reuters
• Niger village attacks killed 100, says prime minister
• CAR rebels attack and enter town before election results announced
• Somalia militant group says behind Turkey company attack, four dead
• Two France soliders killed in Mali – French presidency
• Militant group says it was behind killing of France soldiers in Mali
• At least 70 killed in suspected militant attacks in Niger – security sources
• ‘Overwhelmed’ Zimbabwe tightens covid-19 restrictions, orders most businesses closed
• Burkina Faso president vows ‘true reconciliation’
• Breaking with predecessor, Congo’s Tshisekedi seeks new parliamentary base
• At least 17 villagers hacked to death in eastern Congo
• Africa free trade bloc opens for business, but challenges remain
• Ethiopia rights body says security forces killed at least 76 in summer unrest after musician’s killing
• Chad locks down capital for first time as covid-19 cases rise

Bloomberg
• Pfizer to supply Africa healthcare workers with vaccines
• Mozambique insurgents attack within Total’s LNG concession area
• Health leaders ask South Africa to fire officials on vaccine delay
• Zimababe begins 30-day lockdown regulations as infections rise
• Algeria acquits ex-spy chiefs jailed on conspiracy, Ennahar says
• Niger ruling party candidate, ex-president to vie in runoff vote
• Egypt signs oil, gas exploration agreements worth $1 bln
• South Africa starts trading under new deals with UK, Africa bloc
• Total asks Mozambique staff to leave as attacks near LNG project
• At least 25 killed by rebels in eastern Congo; some beheaded
• Ethiopia group seeks probe of violence after musician’s killing
• Africa heralds onset of free-trade pact after years of talks
• Mali former prime minister faces charges over alleged coup plan

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

macroafricaintel Daily Brief | 1 Jan

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

Global Markets
• World rings in 2021 and says good riddance to 2020
• Wall street closes out wild pandemic year with Dow, S&P at records
• Bitcoin touches record above $29,000, extending 2020 rally
• Brent settled at $51.80, down 21.5% end-2020
• WTI settled at $48.52, down 20.5% end-2020
• Gold ends volatile 2020 with strong gains; silver outperforms

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• New year; presidents speak/send messages to their nations
• AfCFTA start of trading launch ceremony; Ramaphosa, Faki, et al. speakers
• Vote-counting & results collation in 27 Dec. Niger & CAR elections
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• World risks ‘moral catastrophe’ if covid shots delayed in Africa, its CDC chief says
• Sudan declares full control of border territory settled by Ethiopians
• Twenty die in Algeria road accident
• Dutch charity says employee killed in Ethiopia’s Tigray region
• Niger ruling party’s Bazoum extends lead in presidential election
• UK & Ghana to miss Brexit trade deadline, but deal close – source
• South Africa reports record daily covid-19 cases of nearly 18,000
• South Africa to get firm date on delivery of vaccine by early January, experts say

Bloomberg
• Mali former prime minister faces charges over alleged coup plan
• Nigeria stocks index ends year as world-best with 50% gain
• Nigeria weakens the naira to record low in year-end trade
• Amid surge in violence in Congo, UN experts see no terrorist link
• Zambia inflation quickens for fourth straight month in December
• South Africa stocks set to finish year with gain of more than 4%
• South Africa reports record daily covid infections of 17,710

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

macroafricaintel Daily Brief | 31 Dec

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

Global Markets
• Vaccines, stimulus set tone for 2021 as year ends on bullish note
• Asia shares set to finish 2020 at record high, riskier currencies in favour
• Exxon signals up to $20 bln writedown to overwhelm Q4 gains in oil, chemicals
• Oil set for 20% drop in 2020 as lockdowns weigh, market eyes more stimulus
• Brent down 0.5% at $51.38, WTI down 0.2% at $48.29 (0246GMT)
• Gold set for best year in a decade with 24% rise
• Spot gold down 0.2% at $1,889.58/oz., futures little changed at $1,892.90 (0353GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Holiday week 2
• Nigeria’s Buhari signs 2021 budget
• Kenya IEBC starts BBI signatures verification exercise
• AfCFTA start of trading launch ceremony; Ramaphosa, Faki, et al. speakers (1 Jan)
• South Africa M3 Nov-20 [act. 8.2% yy, prev. 9.8%]
• South Afrrica PSCE Nov-20 [act. 3.4%, prev. 3.2%]
• Vote-counting & results collation in 27 Dec. Niger & CAR elections
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Opposition in CAR calls for repeat of disrupted election
• Egypt summons Ethiopia’s envoy over comments – statement
• Reuters cameraman detained in Ethiopia has seen no evidence against him, lawyer says
• Ivory Coast opposition leader Affi released 2 mths after election-spat arrest
• Ethiopia migrant who became symbol of integration in Italy killed on her goat farm
• Uganda opposition candidate Bobi Wine arrested, police fire tear gas at protesters
• Zimbabwe delays new school term due to rising Covid-19 cases, cyclone
• Tropical storm Chalane lands in Mozambique
• Morocco arrests dissident, investigates alleged money laundering
• Nigeria warns on oxygen supplies, dysfunctional labs in tackling covid

Bloomberg
• South Africa reports record daily covid infections of 17,710
• Ghana opposition challenges election outcome in supreme court
• Uganda opposition leader arrested days before Jan.14 vote
• South Africa stocks rise amid Naspers rebound, new vaccine
• South Africa Bitcoin trader under liquidation, Business Day says
• Algeria president returns home after covid treatment in Germany
• Nigeria development bank gets $1 bln loan to help businesses
• Seychelles bans gatherings, shuts schools as virus cases rise

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

macroafricaintel Daily Brief | 30 Dec

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

Global Markets
• US detects first known case of covid variant as Biden offers bleak vaccine outlook
• Investment banking from home thrived under covid-19, but some fear losing their touch
• Asian shares hit record high as investors bet on recovery next year
• Oil up on hopes of recovery in demand, lower US inventories
• Brent up 0.4% at $51.28, WTI up 0.6% at $48.29 (0255GMT)
• Dollar lifts gold amid worries over US stimulus delay
• Spot gold up 0.3% at $1,883.88/oz., futures up 0.2% at $1,887.40 (0313GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Holiday week 2
• Ghana opposition NDC’s Mahama files presidential election petition at supreme court
• South Africa’s Eskom implements loadshedding [from 10pm SA time]
• Vote-counting & results collation in 27 Dec. Niger & CAR elections
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• UN rights experts urge Uganda to halt pre-election violence, arrests
• Ghana opposition to challenge presidential election loss
• Niger ruling party candidate Bazoum leads early presidential results
• 3 France soldiers killed in Mali on Monday – Elysee
• Zimbabwe bans use of mercury in mining
• Violence closed 800 polling stations in CAR
• Burkina Faso President Kabore vows reconciliation during 2nd term

Bloomberg
• South Africa: Africa’s virus capital risks becoming vaccine laggard
• Mozambique insurgents stage closest attack yet to Total LNG site
• 6 firms submit applications for South Africa spectrum auction
• US foreign policy hits a crossroads in the Sahara
• Nigeria stocks head for best annual run since 2013
• China is struggling to get the world to trust its vaccines
• Zimbabwe bans use of mercury in mining, Herald says

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