macroafricaintel Daily Brief | 18 Jan

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

Global Markets
• America braces for violent protests, crowds remain thin
• China’s economy picks up speed in Q4, ends 2020 in solid shape after covid-19 shock
• Asia shares pare losses as China economy rebounds
• Oil drops 1% as rising coronavirus cases end supply-led rally
• Brent down nearly 1% at $54.65, WTI down nearly 1% at $51.93 (0207GMT)
• Gold recovers as US stimulus prospects offset firm dollar
• Spot gold up 0.6% at $1,837.21/oz., futures up 0.3% at $1,835.70 (0559GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Kenya’s Uhuru & Raila start aggressive BBI campaign; to counter Ruto “wheelbarrow” rallies
• Schools resume in Nigeria, Ghana; after covid-19 closures
• South Africa SACCI business confidence Dec-20 [prev. 93.4]
• South Africa mining production (19 Jan), CPI (20 Jan), retail sales (21 Jan)
• South Africa central bank decides interest rates [fcst. 3.5%, prev. 3.5%] (21 Jan)
• Nigeria central bank decides interest rates [fcst. 11.5%, prev. 11.5%] (22 Jan)
• South Africa’s Eskom implements stage 2 loadshedding
• Covid-19 updates by authorities across the continent

Key African events or data releases over the weekend & early a.m today
Reuters
• Ghana president warns of health system overload as covid cases soar
• Egypt unveils 3000-yr old coffins in latest archaeological discovery
• Tunisia PM appoints new ministers in sweeping cabinet reshuffle
• Uganda opposition party says it will challenge election result; two dead in protests
• At least 48 dead in militia attack in El Geneina, West Darfur – SUNA
• UK calls for concerns over Uganda election to be investigated
• Libya talks make progress towards new temporary govt, UN says
• Uganda main opposition presidential candidate says blocked by military from leaving compound
• WHO stops short of advising proof of covid-19 shots for travel
• EU suspends Ethiopia budget support over Tigray crisis
• South Africa scientists discover new chemicals that kill malaria parasite
• WHO sees poorer countries getting first covid vaccines this quarter
• Zambia hires communication adviser over debt restructuring
• Libya releases bodies found in mass grave for burial
• UN security council approves new UN Libya mediator
• Trump receives Morocco’s highest award for Middle East work: official
• Tunisia police clash with protesters after police beating
• Kenya Airways plans more pay cuts due to pandemic – memo
• EU suspends Ethiopia budget support over Tigray crisis
• Namibia suspends poultry imports from 10 European countries due to bird flu
• South Africa’s mining industry to support covid-19 vaccine rollout
• AU vaccines to be allocated according to population
• Kenya remittance inflows jump by nearly 11% in 2020 to $3 bln – cenbank
• Nearly 60,000 have fled CAR violence: UN
• IMF hopes to present Kenya program to its board in early 2021

Bloomberg
• South Africa treasury considers tax hike to fund vaccines: Business Day
• JP Morgan strategists say $40,000 is key test for bitcoin boom
• Eskom extends South Africa power cuts due to lack of capacity
• Benin’s president to seek new mandate in April polls, RFI says
• Death toll from violence in Sudan’s West Darfur rises to 48
• Libya oil output drops as pipelines creak from war-era neglect
• Conflict-ravaged Libya inches closer to new unity govt
• Record kidnappings draw Maersk call for action in Gulf of Guinea
• Nigeria govt hasn’t yet bought any coronavirus vaccines
• Uganda leader Museveni clinches sixth straight election win
• Futuregrowth sees South Africa Land Bank as threat to state lending
• Exhausted nurses toil on South Africa wards full of virus cases
• Nigeria’s big oil-refining revamp gets off to a slow start
• Uganda opposition leader Bobi Wine says home under army siege
• Eskom forecasts power shortages in South Africa through April
• Zimbabwe health minister denies hospitals overwhelmed by virus

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

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