macroafricaintel Daily Brief | 24 Jan

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

Global Markets

  • Shares hold ground as China virus fears persist
  • Euro hits 7-wk low after ECB
  • Offshore yuan remain fragile
  • Too early to declare China virus a global health emergency – WHO
  • China, other Asian markets closed for Lunar New Year holiday

Oil Markets

  • Oil steadies, but concern over spreading China virus weighs
  • Brent down 4 cents at $62 a barrel (0225GMT)
  • WTI down 1 cent at $55.58

Precious metals

  • Gold eases after WHO says China virus not a global emergency
  • Spot gold down 0.2% at $1,560.50/oz. (0131GMT)
  • US gold futures down 0.4% at $1,559.20/oz.

Grains

  • Soybeans face second weekly loss on uncertainty over Chinese demand
  • Soybean futures down 2.3% so far this week
  • Corn up 0.8% & wheat up 1.5% week thus far

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]

  • Central Bank of Nigeria MPC meeting; 23-24 Jan [fcst. 13.5%, prev. 13.5%]
  • Bank of Ghana MPC meeting; 22-24 Jan [decision on 27 Jan]
  • World Economic Forum in Davos; 21-24 Jan
  • South Africa state capture inquiry continues

Key African events or data releases yesterday & early a.m today

  • Nigeria to consider overhaul of private power sector – NEC
  • Portugal investigates firms co-owned by dos Santos; Angola may seek arrest
  • Nigeria charges ex-attorney general in court over $1.3 bln oil deal
  • Angola’s dos Santos call new corruption allegations “extremely false”
  • Uganda’s shilling and Zambia’s kwacha to firm; in week ahead
  • Africa Oil – Early offers disappoint potential customers
  • Egypt starts screening travellers from China for new coronavirus
  • Madagascar floods kill at least 12 people, with more missing
  • South Africa’s rand, stocks dip on virus fears
  • Zimbabwe billionaire to pay doctors about $300 a month to end strike
  • Lebanon’s Bank Audi in talks with UAE’s FAB to sell Egyptian unit
  • Libya reopens Tripoli’s Mitiga airport
  • Tanzanian home affairs minister fired over $453 mln contract
  • ERG suspends Zambia refinery on shortage of cobalt, copper concentrates
  • South Africa ups surveillance for all travelers from Asia after coronavirus outbreak
  • Angola – Portugal’s market regulator launches inquiries following Luanda leaks
  • Zimbabwe says grain stocks running out after drought
  • Zambia’s economy to grow by 3% in 2020 – president
  • DAVOS – Greek PM says no EU deal on Libya unless Turkey accord scrapped
  • Angola – Manager of Sonangol account in Portuguese bank found dead in Lisbon – report
  • Total & Tullow launch joint sale of stakes in Kenya oil project – sources
  • Libya’s neighbours meet in Algeria seeking stronger truce
  • South Africa’s Richards Bay 2019 coal exports fell to 5-yr low
  • A growing problem: Nigerian rice farmers fall short after borders close
  • Kenya shilling firmer on flows from flower exports, offshore investors
  • South African rand weaker in early trade on China virus scare
  • South Sudan leader names former senior official at c.bank as new governor

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

macroafricaintel Daily Brief | 23 Jan

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

Global Markets

  • Asian shares wilt, oil tumbles as China virus spreads
  • Risk assets off to weak start in Asia
  • Worries about China virus before Lunar New Year
  • Oil extends decline on worries about virus, supply glut

Oil Markets

  • Oil falls for third day amid growing concern over China virus
  • Brent down 1.7% at $62.16 a barrel (0125GMT)
  • WTI down 1.7% at $55.78

Precious metals

  • Gold steady as fears of China virus epidemic mount
  • Spot gold flat at $1,558.93/oz. (0127GMT)
  • US gold futures up 0.3% at $1,561/oz.

Grains

  • Wheat hovers near 18-mth peak as global supplies tighten
  • Wheat futures up 0.3% at $5.79-1/4 a bushel (0137GMT)
  • Soybean futures unchanged at $9.13-3/4 a bushel
  • Corn futures up 0.2% at $3.89-1/2 a bushel

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]

  • Algeria hosts foreign ministers on Libya crisis
  • Central Bank of Nigeria MPC meeting; 23-24 Jan
  • Bank of Ghana MPC meeting; 22-24 Jan [decision on 27 Jan]
  • World Economic Forum in Davos; 21-24 Jan

Key African events or data releases yesterday & early a.m today

  • Angola’s dos Santos named suspect over alleged fraud, selling Eurobic stake
  • Conservationists try to save underfed lions in Sudanese wildlife park
  • Nigeria LNG signs 10-yr deal with Total
  • Angola’s dos Santos to sell Eurobic stake, decision is ‘final’
  • Prominent Malawi banker arrested for suspected attempted bribery in rigged poll case
  • Angola’s dos Santos named as suspect over alleged fraud at Sonangol – Lusa
  • South Africa’s African Rainbow Capital to raise stake in Alexander Forbes
  • Algeria to host foreign ministers on Libya crisis
  • Africa Oil – Bonny Light under force majeure
  • South African rand rises as demand for riskier assets picks up
  • Shell declares force majeure on Nigerian Bonny Light crude exports
  • Tribal attack in disputed South Sudan border region kills 29
  • Morocco’s Casablanca stock exchange to ease foreign access – CEO
  • Zimbabwe central bank governor says inflation to fall to 50% by December
  • South African Airways should be saved, says ruling ANC
  • Guinea-Bissau electoral commission confirms Embalo as president
  • Over 400 jobs at risk at Weatherly Namibia copper mine – union
  • Burkina Faso approves state backing for vigilantes fighting jihadists
  • South African miner Samancor Chrome says may cut nearly 2,500 jobs
  • Power cuts cost South Africa up to $8.3 bln in 2019, research shows
  • Nigeria to resume mining in Zamfara state in Q1 – minister
  • First Abu Dhabi Bank in talks to buy Egyptian unit of Lebanon’s Bank Audi – sources
  • Credit Suisse says Mozambique liable for $622 mln loan at heart of bribery scandal
  • African unicorn Jumia looks to services, platforms to halt slide
  • South African Airways should be kept as national airline – ANC
  • Shares in South Africa’s Shoprite rise on sales growth
  • Morocco’s CPI up 0.2% in 2019 – planning agency
  • Uganda shilling holds steady, demand for dollars eyed
  • Kenyan shilling inches up against the dollar
  • Uganda’s coffee exports up 5% in December from a year earlier
  • South African annual consumer inflation rises to 4% y/y in December
  • South Africa’s Naspers raises $1.66 bln via Prosus share sale

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

macroafricaintel Daily Brief | 22 Jan

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

Global Markets

  • China stocks tumble on virus outbreak, but regional markets steady
  • Markets on edge amid fears of China virus spreading
  • Asian stocks, currencies mostly steady after risk-off shift
  • WHO meets Wednesday to consider severity of virus outbreak
  • Oil recovers from Libyan supply jitters

Oil Markets

  • Oil falls again as ample global supply seen offsetting Libyan outage
  • Brent down 0.2% at $64.46 a barrel (0119GMT)
  • WTI down 0.3% at $58.22

Precious metals

  • Gold eases as markets assess risks from China virus
  • Spot gold down 0.3% at $1,553.27/oz. (0133GMT)
  • US gold futures down 0.3% at $1,553.30/oz.

Grains

  • Soybeans edge lower, linger near 1-mth low
  • Soybean futures down 0.1% at $9.15-1/4 a bushel (0116GMT)
  • Corn futures up 0.2% at $3.88-1/4 a bushel
  • Wheat futures down 0.2% at $5.80-1/4 a bushel

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]

  • South Africa inflation Dec-19 [fcst. 3.9% yy, prev. 3.6%]
  • Bank of Ghana MPC meeting; 22-24 Jan [decision on 27 Jan]
  • South Africa ruling ANC post-NEC press briefing
  • World Economic Forum in Davos; 21-24 Jan
  • Police question Lesotho PM Thabane over ex-wife’s murder
  • Court to rule on Kenya’s Nairobi governor Sonko assault case
  • South Africa state capture inquiry continues

Key African events or data releases yesterday & early a.m today

  • Australia’s FAR inks marketing deal with Glencore for Senegal’s Sangomar project
  • Trump administration plans to add Nigeria & 6 other nations to travel ban list – reports
  • Sudan doesn’t have foreign reserves to protect value of the pound – prime minister
  • Maltreated tigers and lions, rescued from Guatemala circuses, arrive in South Africa
  • Militants kill 36 civilians in Burkina Faso market attack
  • Libya’s NOC says oil operations can only be resumed by ending closures – Tweet
  • Ivory Coast leader says fears of age limit for presidential candidates unfounded
  • Angola pleads for help to claw back assets lost to corruption
  • Africa Oil – Nigerian glut appears to dwindle, offers steady
  • South African Airways cancels flights in fight for survival
  • African fintech Flutterwave gets $35 mln, partners with WorldPay
  • Angola to kick off Sonangol IPO before 2022 – minister Azevedo
  • Spain’s ACS withdraws from Inga 3 hydro project in Congo
  • Angola says has reached out to other countries in corruption crackdown
  • Weak growth outlook keeps South African rand on back foot
  • South Africa appoints new board at state nuclear firm
  • Nigeria’s Lekoil reaches deal to keep oilfield after loan fraud
  • Ivory Coast gold output up 35% in 2019 after new mine starts
  • Namibia looks to import cattle as drought decimates local herds
  • Cameroonian soldiers go on trial over shooting of women and children
  • Turkey says Libya’s Haftar must choose political solution
  • Nigeria charges ex-attorney general with financial crimes in $1.3 bln oil deal
  • South African Airways cancels some flights to Munich to save cash
  • Ugandan shilling holds steady against the dollar
  • Tunisia’s designated PM vows to tackle economic, social ills
  • 9 injured in Somali bombing flown to Turkey for treatment

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

macroafricaintel Daily Brief | 21 Jan

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

Global Markets

  • Asia shares lurch lower, China flu risks mount
  • Nikkei and S&P 500 futures slip on safe-haven shift
  • Some point to economic risks around China flu outbreak
  • Markets await BoJ meeting, Trump speech at Davos

Oil Markets

  • Oil prices ease as supply risk concerns fade
  • Brent down 0.5% at $64.90 per barrel (0318GMT)
  • WTI down 0.2% at $58.40

Precious metals

  • Gold hits 2-wk high on safe-haven demand
  • Spot gold up 0.3% at $1,565.36/oz. (0147GMT)
  • US gold futures up 0.4% at $1,566/oz.

Grains

  • Corn falls as traders take profits after biggest daily gain in 3 mths
  • Corn futures down 0.5% at $3.87-1/4 a bushel (0124GMT)
  • Soybean futures little changed at $9.29-1/4 a bushel
  • Wheat futures down 0.2% at $5.69-1/4 a bushel

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]

  • World Economic Forum in Davos; 21-24 Jan
  • Nigeria’s EFCC arraigns former attorney general Adoke on alleged Malabu oil scam
  • ODI’s “Increasing UK investment in Africa” event in London
  • Ivory Coast’s Ouattara expected at Chatham House event in London
  • South Africa state capture inquiry continues

Key African events or data releases yesterday & early a.m today

  • Portugal probes Angola leaks as Eurobic bank distances itself from dos Santos
  • Oil rises as Libya declares force majeure in oilfields
  • Tunisian president chooses former finance minister to be PM
  • Ivory Coast clears homes around airport after child stowaway’s death
  • Prince Harry meets African leaders in London
  • Savannah Petroleum says Nigerian gas purchase is just the start
  • ‘Let us in!’ African women entrepreneurs implore investors at UK business event
  • Africa Oil – Programmes emerge, trade slow as market weighs Libya outage
  • Sudanese pound falls to record low on black market
  • UN says militants targeted aid worker hub in northern Nigeria
  • EU agrees to consider ways to support formal Libya truce
  • South African rand falls on domestic woes as stock rally ends
  • South African chrome firms warn of more than 1,200 job cuts
  • Egypt sovereign fund bringing in Actis to help attract investment
  • Libya’s NOC declares force majeure on Sharara, El Feel oilfields – document
  • Eni confirms production at Libya’s El Feel oilfield partially reduced
  • Egypt’s debt ratio to beat target this year, minister says
  • IMF lowers South African growth forecasts for 2020, 2021
  • UN says militants targeted aid worker hub in northern Nigeria
  • Son of Burkina Faso gold miner owner released after year-long captivity
  • Erdogan says Somalia has invited Turkey to explore for oil in its seas – NTV
  • Erdogan says Turkey not yet sent troops to Libya, only advisers – NTV
  • Next OPEC+ meeting scheduled for March – RIA cites OPEC’s Barkindo
  • Nigerian artist makes dark skin prosthetics to boost patients’ confidence
  • As Brexit nears, UK’s Johnson pushes for deeper trade ties with Africa
  • South African Airways says flights operating normally after bailout talks stall
  • Egypt primary surplus at 30 bln EGP in H1 FY 19/20
  • In Zimbabwe, a backyard hydroponic farm beats drought to grow veg
  • Ivory Coast 2019/20 cocoa arrivals reach 1.296 mln T by Jan. 19 – exporters
  • South African Airways says flights operating as normal
  • EM stocks, currencies flat ahead of key central bank meetings
  • Glencore, Merafe could cut up to 665 jobs at South African smelter
  • Pipeline fire kills three in Lagos – Reuters witness

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

macroafricaintel Daily Brief | 20 Jan

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

Global Markets

  • Asia shares inch higher as US markets holiday
  • Oil prices climb on Libyan supply concerns
  • Dollar firm as US economy outperforms
  • Eyes on US earnings, Netflix to report on

Oil Markets

  • Oil jumps to highest in more than a week after Libyan shutdowns
  • Brent up 1.1% at $65.59 a barrel (0331GMT)
  • WTI up 1% at $59.12

Precious metals

  • Gold prices rangebound as strong US data fuels risk-on sentiment
  • Spot gold up 0.1% at $1,558.47/oz. (0134GMT)
  • US gold futures down 0.1% at $1,558.10/oz.

Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji, @macroafrica]

  • UK-Africa investment summit in London
  • South Africa ruling ANC executives meet; 19-20 Jan
  • Nigeria supreme court to rule on gubernatorial appeals
  • Ghana’s NPP parliamentary & presidential nominations open
  • South Africa state capture inquiry resumes

Key African events or data releases over the weekend & early a.m today

  • Australia’s FAR takes final investment decision for Senegal’s first oil project
  • As Brexit nears, UK’s Johnson pushes for deeper trade ties with Africa
  • Gargash says UAE supports Berlin conference on Libya – tweet
  • Pompeo sees progress towards ceasefire in Libya at Berlin summit
  • Libya’s oil output to drop to 72,000 bpd in a few days – NOC
  • Libya summit in Berlin brough “little step forward” – Russia’s Lavrov
  • Berlin summit on Libya did not discuss any sanctions – Merkel
  • Italy ready to play leading role in monitoring Libya peace – PM Conte
  • UN chief says he is very worried that oil ports, oilfield shut in Libya
  • South Africa tries to secure funding for struggling SAA
  • Libya summit in Berlin agrees to strengthen arms embargo – Merkel
  • Southern Libyan oil fields face closure as pipeline blockaded
  • France’s Macron says presence of foreign fighters in Libya must end immediately
  • South African union angered by Telkom’s proposed job cuts
  • Turkey’s Erdogan urges Libya’s Haftar to end aggressive stance
  • Putin: Don’t lose hope that Libya conflict will be solved
  • Qatar condemns storming of Libya’s eastern Zueitina port
  • Ivory Coast rules that presidential candidate Soro can face trial
  • Africa Crude – Nigerian OSPs, programmes emerge
  • South African stocks hit near 7-mth highs, led by Richemont, miners
  • Burundi’s mass graves reopen old wounds
  • Nigeria’s debt rose to 26.2 trln naira as of Sept – debt office
  • Nigeria to issue 150 bln naira worth of sukuk this year
  • Nigeria’s lender Access acquires Kenya’s Transnational Bank
  • Nigeria’s Access Bank eyes African expansion after Kenyan acquisition – spokesman
  • ENI’s Agogo oilfield in Angola begins output at 10,000 bpd
  • South Africa’s rand edges up after surprise rate cut
  • Kenya shilling firms on horticulture inflows, remittances
  • Nigeria inflation climbs for fourth month as prices rise across board
  • Foreign investors bought less Nigeria bonds last year – debt office
  • Foreign powers back Libya ceasefire as commander’s forces choke oil flows
  • Rwanda GDP to grow 8% in 2020 – IMF
  • South African retailers TFG and Mr Price lure holiday shoppers with discounts
  • Guinea-Bissau Supreme Court calls for clarification of presidential vote result
  • Eastern Libyan forces commander Haftar arrives in Berlin for summit
  • Car bomb hits Turkish contractors, police near Somalia capital, six wounded – police
  • Nigeria producing 1.774 mln barrels of crude per day – minister
  • Mali’s new mining code sets “stability period” at 20 years
  • Locust plague devastates crops in Horn of Africa
  • Mozambique’s do Rosario stays on as prime minister in trimmed cabinet
  • Iceland’s Samherji exiting Namibia following bribery scandal
  • UK seeks to confiscate convicted Nigerian politician’s loot
  • Portugese court rules against dos Santos over tweets she calls slander
  • Amid Kenya power struggle, IMF says investment programme in crisis
  • Tanzania’s shilling to weaken, Uganda’s currency to be steady
  • IEA says oil stocks, non-OPEC output to buffer market from shocks
  • Can ‘Made in Africa’ cigars compete with Cuba?
  • Nigeria to talk to concessionary lenders about $2.8 bln borrowing: debt office
  • Angola’s dos Santos moots presidency run despite charges
  • Libya’s Haftar committed to ceasefire, Germany says
  • Lesotho PM Thabane says he intends to resign – SABC
  • Sudan appoints new intelligence chief in wake of failed revolt
  • Kenya in talks with World Bank for loan of as much as $1 bln

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

macroafricaintel Daily Brief | 17 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares firm as China’s GDP raises hopes of recovery
  • MSCI Asia ex-Japan +0.1%, Nikkei +0.49%
  • Global stock index inches up to record highs
  • China 2019, Q4 GDP growth in line with expectations

Oil Markets

  • China’s 2019 & Dec crude oil runs hit record highs; up 7.6% y/y
  • Brent up 3 cents at $64.65 a barrel (0123GMT)
  • WTI up 6 cents at $58.58 a barrel

Precious metals

  • Gold eases on demand for riskier assets, set for week in 2 mths
  • Gold down 0.1% at $1,550.96/oz. (0118GMT)
  • US gold futures flat at $1,550.80/oz.

Grains

  • Soybeans fall, set for biggest weekly loss in 5 mths
  • Soybeans fall as China says US buys dependent on market
  • Soybean futures down 2.3% week thus far; little changed at $9.24-1/2 a bushel (0206GMT)
  • Corn futures up 0.5% at $3.77-1/2 a bushel; down 2% for the week
  • Wheat futures little changed at $5.65-3/4 a bushel; up nearly 0.5% for the week

Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji, @macroafrica]

  • Nigeria inflation Dec-19 [fcst. 12.2% yy, prev. 11.9%]
  • South Africa – India joint ministerial commission in New Delhi; Pandor co-chairing
  • Comoros parliamentary elections
  • Nigeria’s Buhari heads to London today for UK-Africa summit (20 Jan)
  • Libya Berlin conference (19 Jan)

Key African events or data releases yesterday & early a.m today

  • South African central bank surprises with rate cut by 25bps to 6.25%
  • South Africa’s rand firms on surprise rate cut
  • Sibanye cuts fewer jobs than planned in Marikana restructuring
  • South Africa’s finance minister seeking funding for airline SAA
  • Senegal rape law offers hope after years of silence
  • German foreign minister says Libya’s Haftar backs ceasefire: n-tv
  • Lesotho PM Thabane says he intends to resign: SABC
  • Record 45 mln people across Southern Africa face hunger: UN food agency
  • EU parliament condemns rights crackdown in Burundi ahead of 2020 election
  • UK seeks to confiscate convicted Nigerian politician’s loot
  • Angola’s dos Santos moots presidency run despite charges
  • Nigerian militants free 3 aid workers, other civilian hostages: U.N
  • Seeking peace in Libya & Iran, past inaction haunts EU diplomacy
  • MTN Group appoints Kyomukama as South Sudan CEO
  • South Africa scours state coffers in bid to rescue SAA
  • Firm linked to Nigerian oil firm Lekoil welcomes loan scam probe
  • Makgoba appointed interim chair at South Africa’s Eskom
  • Erdogan says Turkey starting troop deployment to Libya
  • South African Airways selling nine Airbus aircraft – tender document
  • Kenyan shiiling firms against dollar on back of remittances, investors buying stocks

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

macroafricaintel Daily Brief | 16 Jan

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • World stocks pause at record peak as markets assess US-China deal
  • MSC ACWI, S&P 500 at record high after Phase 1 deal inked
  • Chinese shares little moved
  • Bond yields dip on low inflation data

Oil Markets

  • Oil gains after US-China trade deal, rise in inventories
  • Brent up 0.7% at $64.45 a barrel (0310GMT)
  • WTI up 0.7% at $58.20

Precious metals

  • Gold steady as uncertainties linger after US-China trade deal
  • Spot gold up 0.1% at $1,556.69/oz. (0140GMT)
  • US gold futures up 0.2% at $1,556.40/oz.

Grains

  • US soybeans fall to near 1-mth low on doubts about Chinese purchase
  • Soybean futures down 0.1% at $9.27-3/4 a bushel (0138GMT)
  • Corn futures down 0.2% at $3.86-3/4 a bushel
  • Wheat futures down 0.4% at $5.71-1/4 a bushel

Key African events or data releases today
[Posts & comments at my Twitter handle @DrRafiqRaji, @macroafrica]

  • South Africa central bank decides interest rates [fcst. 6.5%, prev. 6.5%]
  • Team South Africa pre-World Economic Forum breakfast meeting in Johannesburg
  • South Africa mining production Nov-19 [fcst. 0.2% yy, prev. -2.9%]
  • South Africa state capture inquiry continues

Key African events or data releases yesterday & early a.m today

  • Erdogan, Trump discuss Libya developments in phone call
  • Firm linked to Nigerian oil firm Lekoil welcomes loan scam probe
  • Egypt, Ethiopia, Sudan to finalize Blue Nile dam agreement this month
  • South African Airways flights at risk without $139 mln from govt – union
  • Turkey summons Egypt diplomat after raid on Anadolu agency in Cairo
  • Amid fears US will pull troops from Africa, French minister heads to Washington
  • South Africa’s Telkom could cut 3,000 jobs – letter to unions
  • Macron says wants “useful” meeting on Libya, unsure on attendance
  • Mali’s gold production rises 7% in 2019 to record high
  • Too early to say Libya ceasefire has collapsed – Turkish defence minister
  • Africa Oil – Sonangol sells out, Nigerian glut mounts
  • Egypt forms a new team to investigate the death of Italian student
  • Egypt could resell Israeli gas to Europe within months – Israeli minister
  • Makgoba appointed interim chair at South Africa’s Eskom
  • Egypt issues new mining law regulations – cabinet
  • South Africa’s rand firms on better-than-expected retail sales data
  • Italian appeals court acquits Saipem, Eni in Algerian graft case
  • Morocco begins talks to curb trade deficit with Turkey
  • South Africa’s Eskom takes energy regulator to court over tariffs
  • Ethiopian Airlines to start building new $5 bln airport this year – CEO
  • Sudan reopens airspace after revolt quelled
  • Ethio Telecom posts 32% rise in H1 revenue
  • Egypt orders retrial of monks sentenced to death for bishop’s murder
  • Ethiopia sets tentative August date for elections
  • Germany sets out broad aims for Berlin Libya conference
  • Scientists hope to revive near-extinct northern white rhino in Kenya
  • EasyJet to restart UK flights to Egypt’s Sharm el-Sheikh resort
  • Uganda shilling weakens on importer demand
  • Kenya to ditch wide fiscal deficits – finmin
  • South Africa’s retail sales up 2.6% y/y in November
  • Mozambique leader Nyusi sworn in despite opposition boycott
  • Trafficking risk high for hundred of migrants sent back to Libya
  • Congo opens Chinese-owned Deziwa copper and cobalt mine
  • South African nuclear firm Necsa’s board members resign
  • Ghana sells 280,000 T of 2020/21 cocoa export contracts with LID by Jan. 7
  • Ivory Coast sells around 720,000 T of 2020/21 cocoa export contracts with LID by Jan.3 – CCC
  • Ivory Coast 2019/20 Q1 cocoa grind up 4.4% by end Dec.
  • Kenya shilling trading in tight range against the dollar
  • Kenya’s Treasury cuts 2019 growth estimate to 5.6%

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