macroafricaintel Daily Brief | 26 Jan

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

Global Markets
• US Senate votes overwhelmingly to confirm Yellen as first female treasury chief
• China to conduct military drills in South China Sea amid tensions with US
• Asia stocks post biggest fall in 2 months on US stimulus worries
• Oil drops as US stimulus wrangles, rising covid-19 cases hit sentiment
• Brent down 0.5% at $55.60, WTI down 0.5% at $52.52 (0431GMT)
• Gold rises on US stimulus hopes; firm dollar weighs
• Spot gold up 0.1% at $1,856.33/oz., futures up 0.1% at $1,856.80 (0549GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Central Bank of Nigeria decides interest rates [fcst. 11.5%, prev. 11.5%]
• South Africa state capture inquiry continues
• Virtual World Economic Forum; South Africa’s Ramaphosa speaks today (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)
• South Africa PPI Dec-20 [fcst. 3.1% yy, prev. 3.0%] (28 Jan)
• Kenya inflation Jan-21 [fcst. 5.6% yy (1.0% mm), prev. 6.1% (1.0%)] (29 Jan)
• South Africa PSCE Dec-20 [fcst. 3.6% yy, prev. 3.4%] (29 Jan)
• South Africa M3 Dec-20 [fcst. 9.5% yy, prev. 8.2%] (29 Jan)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
• No word from pirates who seized sailors off Nigeria, Turkey says
• Rwanda’s Kagame backs proposed global social protection fund
• At least 11 killed after fighting erupts in Somalia’s Jubbaland – doctor
• Egypt arrests cartoonist on 10th anniversary of uprising, sources say
• Minors arrested in sweeps on Ethiopia rebels, says rights group
• Zimbabwe covid-19 deaths pass 1,000 as infections surge
• Thirteen dead, thousands homeless in southern Africa after storm Eloise
• Nigeria lawmakers target April or May to pass oil reform bill
• Uganda court orders opposition leader’s freedom, troops still block his home
• Zambia allocated 8.7 mln covid-19 vaccines from AU
• Gunmen kill 6 Mali soldiers in coordinated attacks
• Severe winds wreck homes, displace thousands in Mozambique – agency
• Pirates kidnap 15 sailors in attack on Turkey container ship off Nigeria

• Nigeria central bank keeps analysts guessing on rates
• In Zimbabwe, coronavirus sick told to buy their own ventilators
• Zimbabwe gets coronavirus vaccine offers from China, Russia
• South Africa’s Steinhoff revives plans for Pepco listing after pandemic delay
• South Africa’s excess deaths soar as new virus variant spreads
• Uganda court orders authorities to free Bobi Wine from house arrest
• Moderna plans to test booster shot against South Africa strain
• Qatar Air adds Africa flights as Saudi ban lift shorten trips
• Attack in Somalia’s Gedo region escalates tensions with Kenya
• South Africa’s lone female bank chief, Basani Maluleke, quits
• South Africa’s Ramaphosa strikes back at critics over steps to secure vaccines
• Kenya economy seen growing this year after dodging shrinkage
• South Africa stocks rally to record as Tencent surge boosts Naspers
• Zimbabwe seeks to list company holding state mining assets

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

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