macroafricaintel Daily Brief | 20 Jan

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

Global Markets
• Biden to assume US presidency amid deep division and raging pandemic
• Alibaba’s Jack Ma makes first live appearance in 3 months in online meet
• Biden intelligence pick favors ‘aggressive’ stance on China threat
• Asia shares hit a record high after Yellen calls for big spending
• Brent up 0.3% at $56.09, WTI up 0.3% at $53.15
• Gold gains as dollar weakens on US stimulus outlook
• Spot gold up 0.6% at $1,850.66/oz., futures up 0.5% at $1,850 (0604GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Ghana’s Akufo-Addo to announce new cabinet; appoints new staffers
• South Africa inflation Dec-20 [fcst. 3.1% yy, prev. 3.2%]
• PM Johnson hosts UK-Africa investment conference
• Nigeria governors meet on covid-19 2nd wave
• South Africa retail sales Nov-20 [fcst. -4.9% yy, prev. -1.8%] (21 Jan)
• South Africa central bank decides interest rates [fcst. 3.5%, prev. 3.5%] (21 Jan)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• EU eyes scheme to share surplus covid-19 vaccines with poorer nations
• Violence flares for third day in Sudan’s Darfur
• Dozens of migrants scale fence into Spain’s Melilla enclave
• Macron opens door to France pulling some troops out of Sahel
• Tunisia protesters revive ‘Arab Spring’ chant, riots continue
• Nigeria to seek covid-19 vaccines less dependent on cooling facilities – official
• Liberia’s Johnson Sirleaf discouraged by covid vaccine rollout plan
• Vedanta Resources settles Zambia copper mine pollution claim
• Kenya braces for return of devastating locust swarms
• Cash-strapped Zambia takes on $1.5 bln debt to buy Glencore copper mine
• Uganda accuses US envoy of subversion for trying to visit candidate
• Violence create food crisis in northern Mozambique – WFP
• Nigeria’e exhausted medics keep waiting for covid-19 vaccines
• Rwanda re-imposes strict lockdown in capital after covid-19 cases surge
• Young Tunisians clash with police days after revolution anniversary
• Striking Ivory Coast cocoa growers threaten to block deliveries
• Nigeria requests 10 mln covid-19 vaccine doses from AU

Bloomberg
• Oxygen demand in Nigeria’s biggest city jumps as covid-19 spikes
• Uganda opposition leader Bobi Wine confined at home
• Macron signals he’s set to scale back France mission in Africa
• US imposes visa restrictions on Tanzania officials over vote
• Tunisia premier labels unrest ‘criminal’ as protests rage on
• Fourfold pay hike offer falls short of Zimbabwe banker demands
• Nigeria’s biggest bank picks 8 Africa nations for expansion
• Africa private equity has $2 bln cash pile after virus dip
• Libya forum agrees on way to select transitional govt
• New year, old problems see South Africa yield curve steepen
• Piracy pays in Africa’s Gulf of Guinea
• Algeria to take axe to spending as energy revenues tumble
• Ramaphosa’s nemesis clings to South Africa ruling party post
• Chevron to invest in pipelines to send Israel gas to Egypt
• Glencore seals Zambia copper sale but must wait for the cash
• Sudan races to quell Darfur violence in test for govt
• Rebel attack heightens risk of war in Russia’s Africa ally CAR
• South Africa’s new virus strain is 50% more infectious
• Uganda’s election loser now has the world’s attention
• Ethiopia pulls Tigray party license ahead of June elections

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

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