macroafricaintel | Positioning African philanthropy for greater impact

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

In mid-May, the Africa Centre on Philanthropy and Social Investment (ACPSI) at Wits Business School of the University of the Witwatersrand in South Africa, in collaboration with the Centre for African Studies at Harvard University and others, would host a conference on philanthropy. The effort, the first for the new centre at Wits, highlights not only the increasing importance of giving on the continent, but the even greater imperative of systemising such efforts.

The focus here is on giving in a way that benefits the most Africans in need. It also encompasses how to channel the giving of wealthy Africans to such ends in the most optimal way. Ultimately, the ideal should be that charitable giving, whether by Africans or non-Africans, be directed towards what Africans really need help with.

With poverty levels stubbornly high, amid abundant wealth in land and minerals, the rich few are self-interestedly beginning to see the wisdom of giving back. More than 300 million Africans, about 30 percent of the population, suffer from severe food insecurity; based on data by the Food and Agriculture Organization (FAO). And “Africa has the highest prevalence of undernourishment” in the World. Unemployment is high, especially among young Africans, and has been linked to armed conflict.

According to the World Hunger Education Service, a non-profit organisation, factors adjudged to be responsible for this sorry state of affairs include poverty, conflict, environmental challenges, governance, and population growth. Thus, aid and philanthropic efforts on the continent must aim to address these issues.

A systematic approach is necessary for success and meaningful impact. And almost certainly, an indigenous intellectual base has to be part of any such approach. So, the establishment of the ACPSI by Wits University is a welcome development.

What are the specific areas philanthropic efforts on the continent could focus on right away? The Bill and Melinda Gates Foundation could be a role model in this regard. The aspect of interest is its efforts towards combating infectious diseases like malaria and polio.

According to the World Health Organisation (WHO), 90 percent of the more than one million people that malaria kills annually are Africans. And most of these are children. The success recorded with polio, cases of which the WHO reports “have decreased by over 99% since 1988, from an estimated 350,000 cases in more than 125 endemic counries then, to 29 reported cases in 2018”, is proof systematic thinking and effort can make a huge difference.

How can such systemisation be adapted by less endowed institutions for less prominent but equally important issues? That is a constraint easily resolved by having intellectual bases like the ACPSI.

Still, such resolutions need not come from the ivory tower of academia. For instance, since it is abundantly clear that a lack of jobs underpins the poverty in most African countries, the Tony Elumelu Foundation’s focus on entrepreneurship demonstrates such systematic thinking does not require much ceremony.

The foundation trains bright young and driven Africans to set up and manage businesses, who upon completion of the programme, get seed capital to fulfil their dreams. It is an approach, which if copied by other well-meaning rich Africans, could be tremendously impactful.

Aliko Dangote, Africa’s richest man, has also set up a foundation. His aims to “reduce the number of lives lost to malnutrition and disease.” And via “investments in health, education, and economic empowerment”, it aims to lift people out of poverty.

A survey of these philanthropic efforts suggests many engage in more or less the same things. There is thus a strong case for greater systemisation and collaboration for greater impact.

#Africa #Markets | 21 Mar

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares up on accommodative Fed; growth concerns
  • MSCI Asia ex-Japan +0.5 pct
  • China blue-chips wobble, Australia down

Oil Markets

  • Oil eases from 4-mth high on global growth worries
  • Brent down 3 cents at $68.47 a barrel (0040GMT)
  • WTI down 7 cents at $60.16 a barrel

Precious metals

  • Gold near 3-wk peak on dovish Fed; palladium at record high
  • Spot gold up 0.3 pct at $1,315.81 per ounce (0114GMT)
  • US gold futures up 1.1 pct at $1,316.10 an ounce

Grains

  • Wheat prices fall from 3-wk high, fears over planting delays cap losses
  • Most active CBOT wheat futures down 0.2 pct at $4.63-3/4 per bushel (0056GMT)
  • Most active corn futures down about 0.1 pct at $3.71-1/4 per bushel
  • Most active soy futures barely changed at $9.06-1/4 per bushel
  • Most active rice futures up about 0.1 pct at $10.95 per hundredweight

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

  • South Africa human rights day
  • Ethiopia’s Abiy Ahmed in the UAE, visited Qatar just before, as he tours the Middle East
  • 2-day UN Western Sahara summit in Switzerland starts
  • Trial of Nigeria’s suspended chief justice Onnoghen resumes
  • Namibia independence day; Kenya’s Kenyatta attending

Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]

  • Ghana successfully completes IMF programme
  • Rescue teams race to save hundreds trapped by Mozambique cyclone
  • Congo ebola outbreak spreads to city of Bunia
  • UN to hold Libya conference in April to avoid military showdown
  • Saudi king calls Morocco king to review ‘brotherly relations’
  • Sudan to make 2 bln euros from container port deal – official
  • Ethiopia to lead next stage of cockpit data analysis
  • Sudan dissolves state-owned Sudanese Petroleum Corporation
  • Soccer – Togo FA official Fagla gets life ban for bribery
  • Zambia bans energy drink with male sex booster Viagra
  • Tunsia president wants to amend constitution to dilute PM power
  • Exxon’s talks to trap Algeria shale gas falter due to unrest – sources
  • Nigeria’s NNPC issues 2019-2020 crude-for-product tender
  • Algeria ruling party warns against leadership vacuum
  • Nigeria to sell stakes in joint oil assets to boost coffers
  • Sout Africa’s retail sales up 1.2 pct y/y in January
  • Nigeria aims to cut joint venture oil stake to 40 pct this year – budget minister
  • Algeria army says protesters have expressed “noble aims”
  • Air strike kills 4 people in Somalia – relatives
  • Zimbabwe tobacco output set to dip to 240 mln kg after drought
  • Morocco phosphate miner OCP’s profit jumps 19 pct in 2018
  • South Africa’s February inflation tame, central bank to keep rates pat
  • Powerful Algeria party abandons beleaguered Bouteflika
  • Kenya shilling weakens against dollar amid demand from energy sector
  • South Africa’s FDI inflows reach 5-yr high in 2018
  • South Africa CPI inches up to 4.1 pct y/y in February
  • Mozambique starts 3 days of mourning after cyclone kills hundreds
  • South Africa’s rand stutters as electricity crisis weighs
  • Kenya police seize $20 mln of counterfeit banknotes from deposit box

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

#Africa #Markets | 20 Mar

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares slip from 6-mth high ahead of Fed policy decision
  • Ex-Japan Asia down 0.4 pct; Japan flat, China up
  • Fed seen cutting rate projections, unveiling end of QT

Oil Markets

  • Oil prices pressured by economic slowdown, but OPEC cuts support
  • Brent down 0.1 pct at $67.55 a barrel (0432GMT)
  • WTI down 0.2 pct at $58.92 a barrel

Precious metals

  • Gold eases on firm dollar; markets await Fed guidance
  • Spot gold down 0.1 pct at $1,304.85 per ounce (0428GMT)
  • US gold futures down 0.2 pct at $1,304.60 an ounce

Grains

  • Soybeans fall on concerns over slow pace of trade talks
  • Most active CBOT wheat futures down 0.1 pct at $4.56 per bushel (0132GMT)
  • Most active corn futures up about 0.1 pct at $3.71-1/2 per bushel
  • Most active soy futures down 0.3 pct at $9.01-1/4 per bushel
  • Most active rice futures up 0.4 pct at $10.82 per hundredweight

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

  • Ethiopia’s Abiy Ahmed in Qatar
  • Bank of Ghana MPC meeting starts
  • South Africa inflation for Feb-19 expected [fcst. 3.3% yy, prev. 4.0%]
  • South Africa retail sales for Jan-19 expected [fcst. 2.8% yy, prev. -1.4%]
  • South Africa state capture inquiry continues
  • South Africa PIC inquiry continues

Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]

  • Growing pains in Ethiopia: film spotlights hidden cost of urban growth
  • Over 200 dead in Mozambique after Cyclone Idai, millions hit
  • Tunisia forces kill 3 Islamic State militants near Algeria border
  • Burkina Faso’s Onatel 2018 net profits rise 12.5 pct
  • Angola’s Isabel dos Santos reappointed to Unitel board
  • With photos, Kenyans say #WeCannotIgnore mln hungry people
  • African Crude – Asian demand seen slowing, Nigerian programmes awaited
  • Morocco keeps benchmark interest rate unchanged at 2.25 pct
  • South Africa’s rand steadies, investors eye Fed meeting
  • Thousands demonstrate in Algiers as protest leaders tell army to stay away
  • Egypt, Nissan agree to produce 100,000 cars a year – minister
  • Zimbabwe seeks to raise $350 mln selling shares in state firms
  • Morocco to issue two international bonds in 2019 and 2020 – cenbank
  • Air strike kills four people in Somalia – relatives
  • 2 killed in accident at Glencore’s Zambia mine
  • Ex-CEO, 7 others responsible for Steinhoff fraud, new CEO tells lawmakers
  • Robots compete with child jockeys in Egypt camel races
  • Lenders and travellers stick with Ethiopian Airlines, for now
  • No end in sight for South Africa power cuts
  • Morocco’s BCP 2018 net profit up 3.5 pct
  • South African watchdog demands Steinhoff produce report about fraud – CEO
  • Gunmen kill 5 miners in Ethiopia, TV says foreigners among dead
  • IMF urges South Sudan to stop taking oil-backed loans
  • UN says 1.7 mln in path of cyclone in Mozambique
  • Algeria’s Bouteflika will hand over power to elected president – Lamamra
  • Morocco’s Attijariwafa Bank reports 3.4 pct rise in 2018 net profit
  • At least 10 migrants died when their boat sank off Libya coast – official
  • Uganda shilling steady, expected to firm due to inflows from charities
  • Uganda investigates UN food aid after 3 die, police say
  • Egypt targets budget deficit of 7.2 pct, GDP growth of 6.1 pct in FY 19/20 – minister
  • Algeria protest leaders tell army to stay out of politics
  • IMF mission to visit Tunisia next week to discuss fifth review of loan
  • Ethiopia crash investigators return home after reviewing black box data – sources
  • Zimbabwe finim sees inflation below 10 pct by year-end
  • Kenya shilling weakens against dollar amid increased demand from importers
  • Kenya Re sees 25 pct dive in full-year net earnings

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

#Africa #Markets | 19 Mar

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares flat as Fed looms, May’s Brexit deal in chaos
  • Wall St advance, dollar flat as traders brace for a dovish Fed
  • Pound drifts as UK parliament bans vote on same Brexit deal

Oil Markets

  • Oil nears 2019 highs on OPEC supply cuts, US sanctions
  • OPEC cancels April meeting, extends output cuts until June
  • Rising US production, economic slowdown cap prices
  • Shanghai crude jumps above Brent
  • Brent up 10 cents at $67.64 per barrel (0314GMT)
  • WTI largely unchanged at $59.10

Precious metals

  • Palladium strikes record high on supply squeeze; gold gains
  • Palladium hits a record high of $1,591/oz
  • Gold edges up for a 3rd consecutive session
  • SPDR gold holdings post biggest daily gain since Jan 2018
  • Spot gold up 0.3 pct at $1,306.76 per ounce (0339GMT)
  • US gold futures up 0.4 pct at $1,306.80

Grains

  • Wheat trades firm near 12-day high
  • Most active CBOT wheat futures up 0.7 pct at $4.59-3/4 per bushel (0152GMT)
  • Most active corn futures up 0.2 pct at $3.72-1/4 per bushel
  • Most active soy futures up about 0.1 pct at $9.06-1/4 per bushel
  • Most active rice futures up about 0.2 pct at $10.74 per hundredweight

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

  • Malawi presidential campaigns start
  • South Africa state capture inquiry continues
  • South Africa PIC inquiry continues
  • South Africa’s Gordhan & Eskom executives’ briefing on loadshedding

Key African events or data releases (15-18 Mar) & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]

  • Ethiopia and Indonesia crash parallels heap pressure on Boeing
  • Hundreds protest in Sudan, keep up pressure on Bashir
  • Firestone Liberia to lay off 800 staff on low rubber prices
  • Nigeria’s defeated main opposition candidate challenges election result
  • Algeria suspends all Boeing 737 MAX 8 and 9 flights – Ennahar TV
  • Mali weekend attack killed 23 soldiers in total – army
  • South Sudan ‘superhero’ wins award for work with children born of hope
  • Death toll in Mozambique cyclone, floods could surpass 1,000 – president
  • UN hosting Western Sahara talks in Switzerland this week
  • Libya agrees $34 bln budget for 2019 after months of disputes
  • Algeria’s Bouteflika defies pressure to step down immediately
  • Africa Crude – Angola to boost crude exports in May; Senegal seeks Nigerian
  • South Africa’s rand weakens on power cuts, stocks rise
  • Congo suspends seating of new senators following disputed election
  • Algeria’s Bouteflika says national conference to take place shortly – TV
  • Botswana’s Debswana to extend life of Jwaneng diamond mine to 2035
  • Tanzania sets up mineral trading centres to curb illegal gold exports
  • Algeria army should be responsible for finding solution to crisis – chief of staff
  • Former Steinhoff chairman Wiese open to talks over $4 bln claim
  • In Kenya push, France seals business deals worth over 2 bln euros
  • Russia diamond miner Alrosa wants controlling stake to mine in Zimbabwe
  • Kenya dollar bonds reach 10-mth high as rally resumes
  • South Africa power cuts to continue as Eskom battles shortages
  • Swiss Re says helped insure Boeing, Ethiopian Airlines
  • 3 Egypt companies aiming for IPO in 2019 – bourse head
  • Egypt signs $2 bln deal to buy Russia fighter jets – Kommersant
  • Uganda shilling unchanged amid flat appetite for dollars
  • Uganda ruling party MPs back country’s aging leader for another term
  • Algeria deputy PM to make foreign tour to discuss events at home
  • Kenya shilling under pressure from importer demand
  • At least 89 dead in Zimbabwe as Cyclone Idai leaves trail of destruction
  • Algeria unions refuse to support PM’s efforts to form govt
  • South Africa’s Eskom to continue rolling blackouts this week
  • Gunmen attack Mali army base, kill at least 16 soldiers
  • US agencies have not validated Ethiopia Airlines black box data – US officials
  • Algeria PM starts talks on new cabinet as gas field workers protest
  • France’s BEA says Ethiopian jet’s flight data successfully recovered
  • Workers in Algeria’s Hassi Rmel gas field protest, output unaffected – Sonatrach official
  • Egypt pound appreciates to highest in over 2 years
  • After weeks of protest, Algeria PM starts talks on new govt
  • Algeria PM has started talks to form new govt – state news agency
  • Algeria c.bank raises reserves requirements for banks to 12 pct – APS agency
  • OPEC’s Barkindo says compliance with supply cut deal improving
  • OPEC’s Barkindo says rebound in oil investments “very minimal”
  • Ethiopia crash probe advances with voice download, fresh details
  • Ethiopia jet asked permission to climb then vanished – source
  • South Africa’s Eskom ups power cuts as storm hits Mozambique imports
  • Ethiopia Airlines says crash victim DNA tests will take up to 6 months
  • 10 Airlines fear long grounding of Boeing 737 MAX jets after Ethiopian crash
  • Algerians demand Bouteflika quits in biggest protest yet
  • Nigeria school building collapse killed 20 – Lagos health official
  • Excavators may be damaging Ethiopia crash site – diplomats
  • 75 protesters arrested, 11 policemen injured in Algiers – police
  • Congo ex-leader Kabila’s coalition wins decisive senate majority
  • Zuma-era officials feature on South Africa’s ANC election list
  • PwC investigation finds $7.4 bln accounting fraud at Steinhoff, company says
  • US diplomat urges transparent land reform in South Africa
  • Africa Crude – IOC issues new tender, Angola programme awaited
  • US “very enthusiastic” about Zimbabwe’s new govt – deputy secretary of state
  • South Africa’s rail service places four executives on paid leave amid graft allegations
  • Athletics – Kenya, Ethiopia urge IAAF not to cut Diamond League races
  • South Africa’s Competition Tribunal approves Glencore’s bid for Chevron subsidiary
  • South Africa court blocks mine union’s plan for industry-wide strike
  • South Africa’s Tsogo Sun CEO to retire, hotel business spin-off to go ahead
  • Botswana’s Debswana targets diamond output of 24 mln carats in 2019
  • Zimbabwe inflation quickens to 59.39 pct y/y in February
  • Nigeria consumer inflation falls slightly to 11.31 pct in Feb – stats office
  • A leader of Algeria’s ruling FLN party says Bouteflika is “history now”
  • Kenya’s Commercial Bank of Africa says shareholders accept NIC Group

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

#Africa #Markets | 15 Mar

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian stocks rise as Sino-US trade hopes boost sentiment
  • MSCI Asia-Pacific index up 0.55 pct, Nikkei gains 0.8 pct
  • Spreadbetters expect higher open for European stocks
  • South Korea stocks trim gains amid geopolitical concerns
  • Crude oil hovers near 4-mth highs

Oil Markets

  • Oil prices firm as supply deficit emerges amid disruptions
  • OPEC has led supply cuts since start of year
  • US sanctions against Venezuela, Iran further tighten market
  • Despite economic slowdown, Goldman sees Brent above $70 per bbl
  • Slight oil supply deficit emerged in Q1 2019
  • Brent up 4 cents at $67.27 per barrel (0425GMT)
  • WTI up 2 cents at $58.63 per barrel

Precious metals

  • Gold rises on softer dollar, global uncertainties
  • Gold on track for a second straight weekly gain
  • Trump-Xi summit will not happen in March – Mnuchin
  • Lack of clarity on Brexit should support gold – analyst
  • Spot gold up 0.4 pct at $1,301.58 per ounce (0625GMT)
  • US gold futures up 0.5 pct at $1,301.40 an ounce

Grains

  • Wheat firms, set for biggest weekly gain in 7 months
  • Most active CBOT wheat futures up 0.2 pct at $4.53-1/2 per bushel (0100GMT)
  • Most active corn futures up 0.3 pct at $3.71-1/4 per bushel
  • Most active soy futures up 0.4 pct at $9.02 per bushel
  • Most active rice futures down 0.2 pct at $10.73 per hundredweight

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

  • Nigeria inflation data for Feb-19 due [fcst. 11.3% yy, prev. 11.4%]
  • South Africa state capture inquiry continues
  • One planet summit ends today in Nairobi

Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]

  • Kenya’s Commercial Bank of Africa says its shareholders have accepted merger with NIC Group
  • Ethiopia crash investigators find piece of wreckage with similar setting to Lion Air plane – sources
  • Ethiopia Airlines flight reported trouble soon after takeoff – NYT
  • Ethiopia crash may test Boeing’s success in defeating US lawsuits – legal experts
  • 10-Boeing 737 MAX jets could be grounded for weeks as black box probe to start on Ethiopia crash
  • WHO says ebola area contained but Congo needs long-term support
  • Burkina Faso army investigating claims its troops carried out executions
  • Maroc Telecom buys Millicom’s Chad subsidiary
  • Ex-president Banda pulls out of Malawi presidential race
  • Africa needs cash, science for new model of green development – leaders
  • Kenya drops cocaine smuggling charges against UK aristocrat
  • Africa Crude – Tenders awarded, Nigerian clears slowly
  • Ethiopia jet’s black box seen damaged but intact in photo
  • Cyclone Idai, worst storm to threaten Mozambique in years, to make landfall
  • Analysis of Ethiopia Airways jet’s black boxes to start Friday: BEA
  • South African rand falls after poor data; equities flat
  • Kenya court axes bankng rates cap, suspends implementation for a year
  • Families keep vigil at hospital as rescue at Nigerian school collapse ends
  • South Africa’s Standard Bank to cut around 1,200 jobs, close 91 branches
  • Fearing new oil glut, OPEC builds case for keeping supply cuts
  • South Africa steps up power cuts after fault at new mega plant
  • New Algeria premier promises broad govt , urges dialogue
  • Hundreds protest in Khartoum; Bashir promises dialogue
  • Zimbabwe’s new currency weakens on interbank market
  • World Bank, AfDB commit $47 bln to Africa climate finance
  • Moody’s says Ethiopia crash won’t affect Boeing rating “at this time”
  • Vedanta to shut Namibia zinc refinery for 5 weeks
  • Electricity supplier Taqa Morocco reports small rise in annual profit
  • Kenya shilling expected to weaken due to energy sector demand
  • Mining, manufacturing slowdowns sour South Africa growth outlook
  • Burkina Faso says Paris court dismissed $2.2 bln claim over manganese mine contract
  • Tunisia bars Boeing 737 max jets from its airspace
  • First readings of Ethiopia plane’s black boxes may take days: BEA
  • Indonesia to send officials to Ethiopia to aid Boeing crash probe
  • South Africa’s manufacturing output up 0.3 pct y/y in January
  • Grieving families of Ethiopia crash victims angry at delays
  • New premier urges Algerians to accept dialogue
  • New Algerian PM says cabinet to be formed early next week
  • Algeria PM says new govt will be in charge for a “short period of time”
  • Families of Ethiopia plane crash victims storm out of meeting with airline
  • South Africa’s Eskom to implement power cuts due to generation shortfall

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

#Africa #Markets | 14 Mar

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia shares slip after China data
  • Pound near 9-mth peak
  • Pound eases after best 1-day percentage gain since Apr 2017
  • Oil prices extend gains on output cuts, US sanctions

Oil Markets

  • Oil edges higher, holds near 4-mth top on supply cuts
  • Brent up 0.1 pct at $67.61 a barrel (0054GMT)
  • WTI up 0.1 pct at $58.29 per barrel

Precious metals

  • Gold prices dip on dollar recovery, Brexit relief
  • Spot gold down 0.5 pct at $1,302.90 per ounce (0732GMT)
  • US gold futures dips 0.5 pct at $1,302.40 an ounce

Grains

  • Wheat rises despite ample global supplies
  • Most active CBOT wheat futures up 0.7 pct at $4.50-1/4 per bushel (0145GMT)
  • Most active corn futures up 0.3 pct at $3.67-3/4 per bushel
  • Most active soy futures up 0.4 pct at $9.04-1/2 per bushel
  • Most active rice futures down 0.2 pct at $10.81 per hundredweight

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

  • Nigeria’s Senate to debate militarisation of elections
  • Kenya’s new cabinet secretaries’ screening in parliament
  • 2nd day of France’s Macron visit to Kenya
  • One Planet summit in Nairobi, Kenya
  • Nigeria’s newly elected legislators to get certificates from electoral body
  • South Africa’s state capture inquiry continues
  • South Africa’s PIC inquiry continues
  • South Africa manufacturing production data for Jan 2019 due [fcst. -0.1% yy, prev. 0.1%]
  • South Africa mining production data for Jan 2019 due [act. -3.3% yy, fcst. -5.5%, prev. -4.8%]

Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]

  • Athletics – Kenya, Ethiopia urge IAAF not to cut Diamond League races
  • More people die after Nigeria building collapse – emergency agency official
  • Ethiopia crash black boxes arrive in Paris for analysis
  • South Africa’s Eskom to implement power cuts due to generation shortfall
  • Families of Ethiopia plane disaster victims visit crash site
  • Airbus, Ethiopian Airlines discussing new plane deal – French official
  • South African rand weaker before manufacturing, mining data
  • Lion on the lam locked-up in South Africa jail
  • In Kenya push, France seals business deals worth over 2 bln euros
  • South Africa MTN aims to expand local shareholding of its Uganda unit to 20 pct – CEO
  • South Africa’s Exxaro Resources FY earnings jump on higher coal prices
  • Congo president frees several political prisoners, 700 others
  • Egypt closes 4 ports due to bad weather
  • South Africa sugar tax to cut industry revenues, prompt reform – USDA
  • World Bank to lend Angola $1 bln
  • Finland’s Outotec to build 80 mln euro sulphuric acid plant in Morocco
  • Mozambique wants govt guarantees on Proindicus debt cancelled – PM
  • Uganda accuses Rwanda of imposing trade embargo
  • Africa Crude – Tender results awaited, Angolan clears
  • Germany says will not analyse Ethiopia Airlines black box
  • Zimbabwe doctors say patients dying due to drug, equipment shortages
  • Algeria leaders ready to discuss system based on “will of the people”
  • Sensing advantage, Algeria protest leaders hike pressure for change
  • Sudan’s inflation falls to 44.29 pct y/y in Feb – agency
  • Black boxes from Ethiopia crash to be sent to Germany – Ethiopian Airlines spokesman
  • Sudan’s Bashir reshuffles cabinet – SUNA
  • No bodies, only small remains recovered from Ethiopia Airlines crash site – spokesman
  • Algeria’s govt ready for dialogue with opposition – deputy PM
  • Army says it will preserve Algeria’s security in all circumstances
  • Malawi flooding death toll rises to 56, braced for Cyclone Idai
  • In Ivory Coast, organic chocolate made with a bicycle
  • France’s BEA not contacted by Ethiopia over black box analysis
  • MTN to list Nigeria unit towards April and May – MTN Nigeria CEO
  • South Sudan peace deal doomed if disputes not settled – thinktank
  • Italy’s Eni makes major oil find in Angola
  • Building containing school collapses in Nigeria’s Lagos – emergency agency
  • Pilot of crashed Ethiopia Airlines jet reported flight control problems – WSJ
  • British body says has not been asked to take Ethiopia black boxes
  • Uganda shilling little changed, inclined on weaker side
  • South Africa’s business confidence falls for fourth straight quarter
  • South Africa’s debt trajectory too high, no buffers for global crisis – cenbank
  • Africa e-commerce firm Jumia pushes ahead with New York listing
  • Egypt bars Boeing 737 MAX jets from its airspace – statement
  • Kenya shilling under pressure against the dollar
  • South Africa’s Libstar full-year earnings fall on impairment hit
  • Veteran diplomat set to guide Algeria’s transition after protests

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