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

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