macroafricaintel Daily Brief | 25 Jan

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

Global Markets
• Asia shares rise as US stimulus plans offset virus woes
• Big Oil hits brakes on search for new fossil fuels
• Global green bond issuance hit new record high last year
• Saudi sovereign fund to double assets in next five years to $1.07 tln: crown prince
• Oil prices fall for 2nd session as covid-19 lockdown concerns cast pall over demand prospects
• Brent down 0.3% at $55.26, WTI down 0.2% at $52.19 (0158GMT)
• Gold ticks up on weaker dollar, US stimulus hopes
• Spot gold up 0.1% at $1,854.95/oz., futures down 0.1% at $1,854.30 (0329GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• US to impose South Africa travel ban to combat new covid-19 variant
• Uganda court expected to order release of opposition leader Bobi Wine from house arrest
• South Africa’s Eskom reduces load in some parts of country
• South Africa state capture inquiry resumes
• Nigeria southwest governors meet cattle herders over incessant conflicts with farmers
• Central Bank of Nigeria decides interest rates [fcst. 11.5%, prev. 11.5%] (25-26 Jan)
• Virtual World Economic Forum starts (24-29 Jan)
• Bank of Ghana MPC meets [fcst. 14.5%, prev. 14.5%] (26-29 Jan & 1 Feb)
• Central Bank of Kenya decides interest rates [fcst. 7.0%, prev. 7.0%] (27 Jan)
• Fitch briefing on SSA sovereigns & banks credit outlook (28 Jan)
• Kenya inflation Jan-21 [fcst. 5.6% yy (1.0% mm), prev. 6.1% (1.0%)] (29 Jan)
• South Africa PPI (28 Jan), M3, PSCE, trade balance (29 Jan)
• Covid-19 updates by authorities across the continent

Key African events or data releases over the weekend & early a.m today
Reuters
• Exclusive: Biden to impose South Africa travel ban to combat new covid-19 variant – CDC
• ICC has arrested CAR war crimes suspect: statement
• UK detects 77 cases of South Africa covid variant, 9 of Brazilian
• Pirates kidnap 15 sailors in attack on Turkey container ship off Nigeria
• ‘Choose – I kill you or rape you’: abuse accusations surge in Ethiopia’s war
• Hundred march in Tunisia as protests sharpen
• Cyclone hits Mozambique port city, brings property damage, flooding
• Panama detects first case of South Africa covid-19 variant – health ministry
• Exxon Mobil lifts force majeure on exports of Nigeria’s Qua Iboe crude oil – spokesman
• Uganda army says it has killed 189 al Shabaab fighters in Somalia
• Violence in West Africa’s Sahel displaces record 2 mln people, UN says
• Nigeria stunt crew aims to kickstart Nollywood action boom
• Zambia, IMF to hold talks on credit facility from next month
• South Africa tackles secretive party funding with law, but still allows anonymous donors
• Morocco gets 2 mln AstraZeneca vaccine doses, first big shipment to Africa
• After pandemic, oil firms even less willing to cover $3.9 bln cost of South Africa’s clean fuel plan
• Ivory Coast cocoa exporters curb exposure and inventories amid glut
• UK bans passengers from Tanzania, DRC to control spread of covid variant
• UK to extend £330 mln bridge loan to clear Sudan’s debt to ADB
• South Africa’s Mr Price sales rise on work-from-home boost, covid-19 aid
• Nigeria approves release of $16.9 mln to set up oxygen plants amid covid-19 surge
• Brazil’s Vale hires banks to sell coal assets in Mozambique – sources
• New Covid-19 variant in South Africa defeats plasma treatment, may reduce vaccine efficacy
• South Africa presidency minister, former ANC activist Jackson Mthembu dies from covid-19

Bloomberg
• US plans entry ban for most non-citizens from South Africa
• In Zimbabwe, coronavirus sick told to buy their own ventilators
• 4th Zimbabwe cabinet member dies of covid-19 in surge
• Libya guards to halt oil shipments at eastern port in spat
• Labour allies of South Africa’s ANC slam party for inaction
• Pirates attack Turkey ship off West Africa kill 1, kidnap 15
• South Africa’s vaccine holdup heaps pressure on Ramaphosa
• Seychelles imposes curfew as new coronavirus cases rise
• IMF urges spending control for a Tunisia gripped in protests
• Libya reopens oil pipeline to biggest port after fixing leak
• Nigeria to bar exporters witholding proceeds from bank services
• Atlas Mara mulls Nigeria bank options after takeover approaches
• South Africa coronavirus death toll breaches 40,000 mark
• Mauritius receives first 100,000 doses of AstraZeneca vaccine
• Angola’s Sonangol reaffirms interest in keeping Galp stake, Diario says
• Seychelles sees national carrier as ‘great problem,’ Nation says
• Ports, power plants brace for storm heading to southern Africa
• South Africa regulator backs distribution of AstraZeneca shots
• Uganda’s Bobi Wine urges protest against disputed vote results
• Steinmetz sentenced to 5 years in jail in Swiss bribery case
• Zimbabwe govt reduces operations amid covid-19 resurgence
• Kenya beats back fresh wave of desert locust invasions
• South Africa’s widening budget gap may drive up tax targets
• South Africa president signs political party funding act
• Uganda to maintain Facebook ban indefinitely, New Vision says

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

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