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

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