macroafricaintel Daily Brief | 22 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares recover from 3-wk lows but trade deal worries limit gains
  • MSCI Asia ex-Japan +0.12%; Nikkei +0.43%
  • Chinese blue-chips turn lower after early gains
  • Trump expected to sign bill backing Hong Kong protesters into law

Oil Markets

  • Oil falls from 2-mth high as US-China trade doubts dominate
  • Brent down 0.5% at $63.67 a barrel (0159GMT)
  • WTI down 0.6% at $58.24

Precious metals

  • Gold steady amid mixed signals on US-China trade talks
  • Spot gold flat at $1,464.99 per ounce (0106GMT)
  • US gold futures up about 0.1% at $1,464.30/oz.

Grains

  • Soybeans set for third weekly decline on US-China trade woes
  • Wheat futures up about 0.1% at $5.12-1/4 per bushel (0154GMT)
  • Corn futures down 0.1% at $3.68-1/4 per bushel
  • Soy futures unchanged at $9.01 per bushel
  • Rice futures unchanged at $12.25 per hundredweight

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

  • Nigeria Q3 2019 GDP [fcst. 1.0% yy, prev. 1.9%]
  • S&P to review South Africa credit rating
  • Bank of Ghana MPC meeting; day 3, decision on Monday

Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]

  • Algerians march again as protests step up before vote
  • US warns Egypt against Russia warplanes deal, says working with Cairo on defense needs
  • Nigeria’s excess crude account held $325 mln on Nov 20 – accountant general
  • Bond fund exodus from South Africa well underway as credit rating teeters
  • Ethiopia’s ruling coalition agrees to form single party ahead of 2020 vote
  • Egypt to send its first communication satellite into orbit on Friday
  • Zimbabwe scraps import controls on maize, wheat flour after drought
  • EU worried about recent political developments in Zimbabwe – memo
  • South African rand firms as central bank keeps rates on hold
  • Africa Oil – Nigerian official selling prices published, lag asking prices
  • Mobile warnings set to aid climate-vulnerable Somali nomads
  • South Africa keeps rates on hold at 6.5% as inflation risks balanced
  • Presidential election in chaotic Guinea-Bissau could resolve political impasse
  • 2 toddlers among 73 migrants plucked from drifting dinghy off Libya
  • Africa FX Week Ahead: Kenyan & Tanzanian currencies seen firm, Uganda’s stable & Zambia’s weak
  • Algeria plans sharp cut in wheat purchases to curb import bill
  • Unions in wage talks with distressed South African Airways
  • South African Airways suspends flights to Hong Kong to curb losses
  • South African union files court case to force SAA rescue
  • Union says continuing wage talks with South African Airways
  • Unfinished business in the birthplace of Sudan’s revolution
  • De Beers Namibian diamond venture seeks tax breaks to extend operations
  • ANC lawmaker arrested on corruption charge – South Africa police
  • Kenyan shilling surges against the dollar
  • Anglo-South African Investec reports 17% fall in H1 profit
  • South Africa’s Mr Price H1 profit drops 10% as clothing unit lags
  • South Africa’s Life Healthcare plans Poland exit, sees upbeat H1 2020

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

macroafricaintel Daily Brief | 21 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares slide as Sino-US spat on Hong Kong clouds trade deal outlook
  • US stock futures fall 0.2%, Asia shares down
  • Trump seen signing HK bills, looks set to anger Beijing
  • Trade deal seen delayed into next year – sources
  • US bond yield, yuan at 3-wk low

Oil Markets

  • Oil dips on worries US-China trade deal could slip to next year
  • Brent down 0.4% at $62.15 a barrel (0138GMT)
  • WTI down 0.4% at $56.81

Precious metals

  • Gold rises on uncertainty over Sino-US trade deal
  • Spot gold up 0.2% at $1,474.24 per ounce (0033GMT)
  • US gold futures flat at $1,474.10/oz.

Grains

  • Soybeans recover from near 2-mth low, US-China trade deal uncertainty weighs
  • Soybean futures up 0.1% at $9.06-1/4 a bushel (0114GMT)
  • Corn futures down 0.1% at $3.66-1/2 a bushel
  • Wheat futures little changed at $8.81-3/4 a bushel

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

  • South Africa interest rate decision [fcst. 6.5%, prev. 6.5%]
  • South Africa’s Ramaphosa to meet Black Business Council
  • South Africa state capture inquiry continues

Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]

  • Algerian protesters step up pressure with new demonstration
  • Sudan’s top Islamist politician sent to prison holding Bashir
  • France takes aim at Saudi over failed West Africa commitments
  • Ethiopian human rights boss battles scant resources
  • “Born again” Ethiopian minority votes on autonomy
  • AngloGold reaches deal with Guinea to resume gold production
  • Nigeria to issue guarantee note to lenders to Bank of Industry – minister
  • Nigeria’s ex-attorney general arrested in Dubai over $1.3 bln oil deal
  • Africa Oil – Grades steady, Nigerian programmes due
  • Morocco’s rail operator to sell Marrakech’s La Momounia hotel to cut debt
  • Nigeria appeals $200 mln court payment for stay on asset seizures on P&ID case
  • Paris wheat consolidates as Algeria tender awaited, Polish prices up
  • Strike pushes South African Airways to brink of collapse
  • South African rand slips as US-China trade row intensifies
  • For one family, Ethiopian referendum reverberates through generations
  • Zimbabwe police use tear gas, batons in opposition crackdown
  • South Africa investigates possible IP theft from defence firm Denel
  • Algeria army arrests militants heading for Sahel region – ministry
  • Kenya raises 66 bln shillings from state corporations for budget
  • Ivory Coast 2019/20 cotton output expected to hit record 510,000 T – industry group
  • Court postpones hearing for 8th time for Tanzanian journalist
  • Unions up ante at South African Airways as finances approach crunch
  • South Africa’s Eskom needs $12 bln to comply with new emissions laws
  • Uganda shilling unchanged as banks’ and importer demand slackens
  • Zambia raises benchmark lending rate by 125 bps to 11.5%
  • South Africa inflation slows to 8-yr low, putting rates cuts back in picture
  • Strike certificate issue at South Africa’s Comair – union
  • South African retailer Lewis profits rise on strong sales
  • Kenya’s treasury tells ministries: no funding till you pay your bills
  • Kenyan shilling extends gains against the dollar
  • South Africa’s rand slips as risk mood turns cautious
  • Sycamore Mining signs deal with Guinea to redevelop Kiniero gold mine
  • South African cement firm PPC’s earnings hit by Zimbabwe inflation
  • South African Airways needs govt loan guarantee or risks liquidation – board member

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

macroafricaintel Daily Brief | 20 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia shares trapped in a trade maze, oil nurses losses
  • Most Asian stock markets ease, along with S&P futures
  • Brent licks wounds after suffering sharpest drop in 7 wks
  • US treasury yields fall further, flatten curve
  • Next major event is minutes of Fed’s last meeting

Oil Markets

  • Oil prices steady after 2-day drop as growth concerns weigh
  • Brent up little changed at $60.93 a barrel (0252GMT)
  • WTI up 0.2% at $55.32 a barrel

Precious metals

  • Gold rises as Sino-US trade, Hong Kong tensions escalate
  • Spot gold up 0.2% at $1,474.42/oz. (0144GMT)
  • US gold futures little changed at $1,474.80/oz.

Grains

  • Wheat firms for third session on US crop prospects
  • Wheat futures up 0.2% at $5.13-1/4 a bushel (0158GMT)
  • Soybean futures up 0.3% at $9.14 a bushel
  • Corn futures unchanged at $3.70 a bushel

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

  • South Africa inflation Oct-19 [fcst. 3.9% yy, prev. 4.1%]
  • Zambia interest rate [fcst. 10.25%, prev. 10.25%]

Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]

  • Homes, land destroyed as desperate Zimbabweans turn to illegal gold mining
  • Ethiopia’s Sidama vote on autonomy in latest test for restive regions
  • Ghana joins airline competition fray with Dubai jet order
  • Death toll in Mali attack rises to 30 soldiers – army
  • Congo court hands life sentence to warlord for murder, sexual violence
  • Algeria’s Sonatrach renews gas export deal with France’s Engie
  • Africa Oil – Spot trade thin as programmes, allocations awaited
  • Morocco’s king appoints committee chief to fight poverty and inequality
  • Burkina Faso accuses Mali of unauthorised military operation on its soil
  • Strike-hit South African Airways says only a deal with unions will end crisis
  • South Africa’s RMB Holdings to give shareholders its $8.8 bln FirstRand stake
  • South Africa’s Gordhan says govt committed to saving SAA but not with money
  • South Africa’s rand steady as investors eye Fed, stocks lifted by trade deal optimism
  • Jihadist violence putting “generation at risk” in Africa’s Sahel – WFP
  • Algerian court jails protesters over election
  • South Africa’s SAA says some employees returning to work despite strike
  • China says Zimbabwe is understating financial support
  • Kenya maps first ‘Climate Atlas’ to battle future food losses
  • Ghana and Boeing sign provisional order for 3 787 Dreamliners at Dubai Airshow
  • East Libyan forces target munitions in Misrata with air strikes
  • Air Senegal signs MoU for 8 Airbus A220 aircraft
  • Kenya shilling gains against the dollar

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

macroafricaintel Daily Brief | 19 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares mixed as doubts grow on elusive US-China trade deal
  • Markets on edge, await signs of breakthrough on trade
  • Chinese stocks rise; Japan, South Korea fall
  • Currencies also becalmed, awaiting concrete news

Oil Markets

  • Oil slips as lack of US-China trade talk progress frays investor nerves
  • Brent down 0.2% at $62.32 a barrel (0148GMT)
  • WTI down 0.2% at $56.95 a barrel

Precious metals

  • Gold rises as Sino-US trade deal doubts resurface
  • Spot gold up 0.2% at $1,473.04/oz. (0105GMT)
  • US gold futures up 0.2% at $1,474.10/oz.

Grains

  • Corn rebounds from 2-mth low as US harvest pace lags
  • Corn futures up 0.2% at $3.68-1/2 a bushel (0145GMT)
  • Soybean futures up 0.1% at $9.11-1/2 a bushel
  • Wheat futures down 0.1% at $5.06-3/4 a bushel

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

  • G20 compact with Africa investment summit & conference in Berlin
  • Nigeria finance bill 2019 public hearing
  • South Africa state capture inquiry continues
  • Global Business Forum Africa 2019 summit in Dubai; 18-19 Nov

Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]

  • US blacklists former Kenyan attorney general over corruption allegations
  • Mali army says 24 soldiers, 17 militants killed in attack on northern patrol
  • Air strike hits biscuit factory in Libyan capital, killing 10
  • EU wheat firm as Algeria tender adds to export demand
  • South Africa appoints Nampak’s de Ruyter as CEO of indebted Eskom
  • Africa Oil – Angolan December cargoes almost sold out, new programme emerges
  • Zimbabwe central bank halves main rate despite soaring inflation
  • Jumia suspends its e-commerce business in Cameroon
  • Niger’s main opposition leader returns to jail with eye on presidental bid – lawyer
  • Zimbabwe central bank cuts main lending rate to 35% from 70% – statement
  • Egypt risks US sanctions over Russian fighter jet deal – US official
  • South Africa’s rand weakens, monetary policy in focus
  • Ivory Coast 2019/20 cocoa grind up 4.4% by end Oct.
  • South Africa’s Naspers forecasts lower first-half profit
  • Botswana cuts 2019 economic growth forecast
  • UK lawmaker blames HSBC, Stanchart, Baroda in South Africa corruption
  • Egypt sells $1.56 bln 1-yr dollar t-bills
  • South Africa’s SAA to resume some regional flights, cancel domestic
  • Nigeria oil firm Seplat says CEO to retire in July
  • South Africa Astral Foods’ profits hit by high feed costs, drought
  • Test for Ethiopia’s reforms as Sidama people vote on autonomy
  • Food prices push Nigeria inflation to 17-mth high after border closures
  • Egypt grants 51 brokerage firms short-selling bourse licence
  • Uganda shilling holds steady against the dollar
  • Kenyan shilling firms against the dollar
  • Nigeria annual inflation at 11.61 pct in October – stats office
  • South Africa’s Netcare posts higher HEPS, forecasts hit to first-half
  • South Africa’s Pioneer Food reports 6% fall in annual profit
  • South Africa MTN, Cell C expand roaming agreement

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

macroafricaintel Daily Brief | 18 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia shares tick higher as China cuts repo rate
  • China trims short-term interest rate, in surprise move
  • Helps Asia share markets reverse early losses
  • Markets look to Fed minutes, ECB Lagarde speech
  • Pound inches up as opinion polls favour Tories

Oil Markets

  • Oil prices flat with markets on hold for progress in US-China trade talks
  • Brent down 0.1% at $63.25 a barrel (0119GMT)
  • WTI crude unchanged at $57.72

Precious metals

  • Gold inches lower on cautious optimism over US-China trade
  • Spot gold down 0.1% at $1,465.62/oz. (0157GMT)
  • US gold futures down 0.1% at $1,466.80/oz.

Grains

  • Soybeans rise for 3rd session on China-US trade deal hopes
  • Soybean futures up 0.1% at $9.19-1/2 per bushel (0135GMT)
  • Corn futures unchanged at $3.71-1/4 per bushel
  • Wheat futures little changed at $5.03 a bushel

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

  • Nigeria inflation Oct-19 [fcst. 11.7% yy, prev. 11.2%]
  • South Africa state capture inquiry resumes; UK lawmaker Peter Hain to testify
  • Global Business Forum Africa 2019 summit in Dubai; Zimbabwe’s Mnangagwa et al. attending

Key African events or data releases over the weekend & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]

  • UK lawmaker to cast blame on global banks in South Africa Zuma corruption
  • Sabotage on Nigeria’s oil-exporting NCTL pipeline causes significant production losses – Aiteo
  • Unions threaten to ground South Africa’s aviation industry
  • Tunisia’s PM-designate promises to revive hope for frustrated youth, reform state firms
  • UN-backed Libyan authorities seize eastern Libyan plane
  • Algerian protesters attack ‘garbage’ presidential campaign
  • Ethiopian undecided whether to take more Boeing 737 MAX jets
  • South Africa’s DA party picks veteran Steenhuisen as interim leader
  • Ethiopian human rights boss battles scant resources
  • NUMSA plans secondary strike in South Africa’s aviation industry after SAA talks go nowhere
  • Egypt to reduce subsidised staple food prices
  • Protest forces AngloGold Ashanti to suspend Guinea gold mine
  • Last remains of Ethiopian plane crash victims buried, families say little notice given
  • West Africa boot camp seeks artificial intelligence fix for climate-hit farmers
  • South African Airways, unions meet for talks amid damaging strike
  • US may remove Sudan from list of state sponsors of terrorism, but it’s a process – US official
  • IMF agrees lending programme with DR Congo
  • Ennahda’s choice Jemli tapped to be Tunisia PM, faces big challenge
  • IMF expects Congo’s economy to grow 4.5% in 2019, 3.2% in 2020
  • US calls on Libya’s Haftar to halt Tripoli war, warns against Russia’s role
  • South African rand jumps to 1-wk high as trade hopes boost risk buying
  • Savannah completes Seven Energy deal in Nigeria
  • Africa Oil – Nigerian Qua, Bonny at 2013 high on solid demand
  • South Africa’s SAA workers start strike that could cripple airline
  • Congo president says ebola outbreak should be over this year
  • Tunisia’s Ennahda names Habib Jemli as choice for PM
  • Attack on Fulani village kills 20 in central Mali
  • Standard Bank lists Namibian arm on local bourse
  • Shell appoints Citi for $1 bln sale of Egypt assets – sources
  • South Africa’s Steinhoff sells Blue Group to Alteri Investors
  • South African Airways extends flight cancellations to Monday
  • South Africa’s Telkom in talks about possible takeover of Cell C
  • South Africa’s platinum mining firms, top union end ‘titanic battle’ as they seal wage deal
  • Ugandan shilling a touch stronger on sagging appetite from banks, importers
  • Renamo’s appeal to have election result annulled dismissed – Mozambique’s top court
  • Zimbabwe October inflation soars to 38.75% m/m – Zimstats
  • Investec Namibia MD resigns amid fishing bribery scandal
  • South Africa rand at 1-wk high as trade hopes stoke risk appetite
  • Hit by drought and power cuts, Zimbabwe steps up battery storage

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

macroafricaintel Daily Brief | 15 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares rise as Kudlow comments lift trade hopes
  • MSCI Asia ex-Japan +0.67%; Nikkei +0.76%
  • Kudlow says US, China getting close to trade deal
  • Yen weakens, US treasury yields higher

Oil Markets

  • Oil rises on hopes for OPEC supply curbs, new optimism on US-China trade deal
  • Brent up 0.5% at $62.58 a barrel (0147GMT)
  • WTI up 0.5% at $57.06

Precious metals

  • Gold falls as US-China trade pact hopes spur risk appetite
  • Spot gold down 0.24% at $1,467.44/oz. (0117GMT)
  • US gold futures down 0.4% at $1,468.20/oz.

Grains

  • Wheat faces 4th week of decline on ample world supplies
  • Wheat futures down 0.1% at $5.07-1/2 per bushel (0118GMT)
  • Corn futures unchanged at $3.75-3/4 per bushel
  • Soy futures up 0.1% at $9.17-3/4 per bushel
  • Rice futures unchanged at $11.85 per hundredweight

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

  • South African Airways’ staff strike; Fri & Sat flights cancelled
  • Kenya’s Kenyatta to meet key Mount Kenya politicians
  • Nigeria digital economy summit; 14-15 Nov

Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]

  • Eastern Libya authorities stop plane from rival territory
  • Demonstrator dies in protests against Guinea president
  • BRICS leaders avoid discussion of Venezuela divisions
  • Algeria lawmakers approve reforms to oil industry, other sectors
  • Algeria appoints new central bank governor and head of energy company
  • Kenya, Somalia agree to restore ties after spat over oil rights
  • Egypt central bank makes third straight cut to interest rates
  • BRICS nations vow to stand up to unilateral protectionism
  • Nigeria to form border force with neighbours Benin and Niger to fight smuggling
  • Africa Oil – Angolan slumps on weaker middle distillate margins
  • Morocco’s OCP sees Nigeria ammonia plant starting up in 2023
  • Paris wheat curbed by Egypt tender, German premiums rise again
  • South Africa’s SAA cancels flights as employees plan strike over wages
  • Nigerian stocks rise as local funds snap up banking shares
  • South Africa’s Pepkor to take 1.2 bln rand charge in FY 2019
  • Russia-Zimbabwe platinum venture needs $500 mln for first phase
  • Sudan looks to pyramids to attract tourism – and hard currency
  • South Africa’s rand firms despite risk-off mood, equities fall
  • South Africa’s Netcare expects FY HEPS to more than triple
  • Zimbabwe to cut value added tax to boost consumer demand
  • Nigerian stocks rise to 5-wk high as banks rally
  • Egypt to create firm to guarantee credit for exports to Africa – c.bank
  • Zimbabwe to lower value added tax from January – finmin
  • Zimbabwe’s economy forecast to grow 3% next year – finmin
  • UAE, Egypt plan $20 bln spending on social, economic projects – Abu Dhabi crown prince
  • Algeria lawmakers approve new energy law to attract foreign investors
  • Africa FX – East African currencies seen firm, Zambia’s weak
  • Egypt unemployment increases to 7.8% in Q3 – stats agency
  • Rollout of Johnson & Johnson ebola vaccine begins in Congo
  • Egypt textiles salvage plan reveals backing for state sector
  • Russia says BRICS nations favour idea of common payment system
  • Two SAA unions to challenge airline’s jobs cut plan in court
  • Ivory Coast mandates Morocco’s BCP to arrange bond
  • Egypt issue dollar-denominated eurobonds worth $2 bln
  • South Africa’s SAA to offer striking employees revised wage hike at emergency meeting
  • South Africa’s Nedbank to pay for mortgages under new rewards scheme
  • Kenyan shilling firms to near 4-1/2 mth high, helped by remittances

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

macroafricaintel Daily Brief | 14 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian stocks retreat as China’s growth slowdown deepens
  • Chinese Oct economic indicators miss forecasts
  • Hopes for resolution to US-China trade war fade
  • Asian stocks drop, Hong Kong falls most

Oil Markets

  • Oil rises on decline in US crude stocks, Fed comments on economy
  • Brent up 0.3% at $62.54 a barrel (0111GMT)
  • WTI up 0.4% at $57.32

Precious metals

  • Gold inches down as hawkish Fed weighs on safe-haven demand
  • Spot gold down 0.1% at $1,461.50/oz. (0141GMT)
  • US gold futures flat at $1,462.40/oz

Grains

  • Soybeans firms, rebound from more than 1-mth low
  • Soybean futures up 0.2% at $9.17 a bushel (0133GMT)
  • Corn futures up 0.1% at $3.75-1/2 a bushel
  • Wheat futures unchanged at $5.09 a bushel

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

  • Nigeria digital economy summit; 14-15 Nov [Alibaba’s Jack Ma attending]
  • 11th BRICS summit in Brasilia, Ramaphosa attending; 13-14 Nov
  • South Africa inequality trends report by Stats SA
  • Nigeria inflation Oct-19 [fcst. 11.7% yy, prev. 11.2%]
  • South Africa mining production Sep-19 [fcst. -2.2% yy, prev. -3.2%]
  • Egypt triple-tranche dollar bond bookbuilding
  • International Conference on Population & Development (ICPD) in Nairobi; 12-14 Nov

Key African events or data releases yesterday & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]

  • Australia’s Fortescue loses bid to develop Guinea iron ore blocks
  • Nigeria security agency denies opening fire on supporters of detained activist
  • Fire after gas leak in Egypt kills 7, injures 16 – state newspaper
  • South Africa’s Absa to appoint former c.bank deputy Mminele as CEO – media
  • Setback for Tunisia’s ‘Me Too’ movement as new MP gets immunity
  • 2 Namibian ministers quit in bribery scandal involving Icelandic fishing firm
  • Tunisia’s parliament picks moderate Islamist party leader as speaker
  • South African rand edges firmer, stocks dip
  • IMF revises up Rwanda 2019 growth forecast to 8.5%
  • Sudan’s bourse maps out expansion plans amid uncertainty
  • South Africa’s SAA says strike could push airline towards collapse
  • US to reevaluate South Sudan ties after unity govt deadline passes
  • Ghana’s GDP growth to slow, budget deficit to rise in 2020
  • Africa Oil – Nigerian light sweet crude offered high but cracks ease
  • Malawi receives 17 black rhinos from South Africa
  • South African Airways says strike endangers future of airline
  • Norway’s DNB to investigate allegedly improper Icelandic payments to Namibia
  • Tanzania says gunmen kill 6 in ambush near Mozambique border
  • Kenya’s KCB Group’s 9-mth profit rises 6%
  • Ghana’s govt proposes 21% budget increase for 2020
  • Zimbabwe bans new electric water heaters to save energy
  • US presses Egypt on alleged torture, mass arrests at UN review
  • South Africa’s retail sales up 0.2% y/y in September
  • Award-winning film ‘Atlantics’ offers haunting take on life in Senegal
  • Kenya’s budget update sees higher 2019/20 spending, deficit
  • African Development Bank decides not to fund Kenya coal project
  • Tunisia’s divided parliament attempts to choose a speaker
  • Nigeria oil output 1.6-1.7 mln bpd, in line with OPEC cut – NNPC
  • Zimbabwe to enforce “use it or lose it” policy for mining assets
  • Mozambique GDP growth seen at 5.5% in 2020 – IMF
  • Egypt starts marketing triple-tranche dollar bonds
  • South Africa’s SPAR posts profit rise despite consumer pessimism
  • Zimbabwe central bank will not allow miners to keep all forex earnings
  • Egypt to auction $1.56 bln 1-yr dollar t-bills on Nov. 18 – cbank
  • Zimbabwe to rigorously enforce “use it or lose it” policy on mining claims
  • Kenyan shilling firms due to remittances, inflows to stock market
  • Kenyan finance ministry asks parliament to hike 2019/20 budget by 86 bln shillings – papers

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