macroafricaintel Daily Brief | 13 Jan

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

Global Markets
• Asia shares make cautious gains after choppy Wall Street session
• Three House Republicans declare support for impeaching Trump
• Dollar rally runs out of puff as yields ease
• Oil prices extend gains after US inventory drop
• Brent up 0.8% at $57.05, WTI up 0.8% at $53.61 (0128GMT)
• Gold inches higher as dollar, treasury yields pull back
• Spot gold up 0.1% at $1,856.86/oz., futures up 0.8% at $1,858.10 (0052GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• South Africa retail sales Nov-20 [fcst. -4.9% yy, prev. -1.8%]
• South Africa state capture inquiry continues
• 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
• Ethiopia warns Sudan it is running out of patience over border dispute
• Kenya drops charges against officials due to testify against ex-finance minister
• Covid-19 kills 2 Malawi cabinet ministers
• Uganda orders all social media to be blocked – letter
• Nigeria working on type and quantity of covid-19 vaccines to procure, minister says
• Uganda bans social media ahead of presidential election
• Botswana’s Debswana terminates mining contract with Australia’s Thiess
• In Senegal, lack of cold storage limits covid vaccine options
• Nigeria’s Dangote Cement pays $25.6 mln in first buyback tranche
• Senegal’s hospitals stretched as covid infections surge
• Guardians of Congo’s gorillas unbowed as ambushed colleague is buried
• South Africa secures 20 mln covid-19 vaccines, Ramaphosa says

Bloomberg
• Canada lawmaker seeks probe of WE charity’s Kenya operations
• Russia wheat tax risk spooks traders, roiling Egypt tender
• Gas-rich Mozambique, Tanzania rally to end insurgency
• Beny Steinmetz pressed on Guinea deals on 2nd day of bribery trial
• Uganda pop star Bobi Wine pins election hopes on tech, youth
• Nigeria hospitals struggling to cope with surge in covid cases
• Paris club delays $300 mln Kenya debt service dues
• Niger is halfway to a smooth democratic transition
• IMF to disburse $488 mln to Angola as it seeks to curb debt

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

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