#Africa #Markets | 19 Mar

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares flat as Fed looms, May’s Brexit deal in chaos
  • Wall St advance, dollar flat as traders brace for a dovish Fed
  • Pound drifts as UK parliament bans vote on same Brexit deal

Oil Markets

  • Oil nears 2019 highs on OPEC supply cuts, US sanctions
  • OPEC cancels April meeting, extends output cuts until June
  • Rising US production, economic slowdown cap prices
  • Shanghai crude jumps above Brent
  • Brent up 10 cents at $67.64 per barrel (0314GMT)
  • WTI largely unchanged at $59.10

Precious metals

  • Palladium strikes record high on supply squeeze; gold gains
  • Palladium hits a record high of $1,591/oz
  • Gold edges up for a 3rd consecutive session
  • SPDR gold holdings post biggest daily gain since Jan 2018
  • Spot gold up 0.3 pct at $1,306.76 per ounce (0339GMT)
  • US gold futures up 0.4 pct at $1,306.80

Grains

  • Wheat trades firm near 12-day high
  • Most active CBOT wheat futures up 0.7 pct at $4.59-3/4 per bushel (0152GMT)
  • Most active corn futures up 0.2 pct at $3.72-1/4 per bushel
  • Most active soy futures up about 0.1 pct at $9.06-1/4 per bushel
  • Most active rice futures up about 0.2 pct at $10.74 per hundredweight

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

  • Malawi presidential campaigns start
  • South Africa state capture inquiry continues
  • South Africa PIC inquiry continues
  • South Africa’s Gordhan & Eskom executives’ briefing on loadshedding

Key African events or data releases (15-18 Mar) & early a.m today
[Posted & commented on some headlines below at my Twitter handle @DrRafiqRaji]

  • Ethiopia and Indonesia crash parallels heap pressure on Boeing
  • Hundreds protest in Sudan, keep up pressure on Bashir
  • Firestone Liberia to lay off 800 staff on low rubber prices
  • Nigeria’s defeated main opposition candidate challenges election result
  • Algeria suspends all Boeing 737 MAX 8 and 9 flights – Ennahar TV
  • Mali weekend attack killed 23 soldiers in total – army
  • South Sudan ‘superhero’ wins award for work with children born of hope
  • Death toll in Mozambique cyclone, floods could surpass 1,000 – president
  • UN hosting Western Sahara talks in Switzerland this week
  • Libya agrees $34 bln budget for 2019 after months of disputes
  • Algeria’s Bouteflika defies pressure to step down immediately
  • Africa Crude – Angola to boost crude exports in May; Senegal seeks Nigerian
  • South Africa’s rand weakens on power cuts, stocks rise
  • Congo suspends seating of new senators following disputed election
  • Algeria’s Bouteflika says national conference to take place shortly – TV
  • Botswana’s Debswana to extend life of Jwaneng diamond mine to 2035
  • Tanzania sets up mineral trading centres to curb illegal gold exports
  • Algeria army should be responsible for finding solution to crisis – chief of staff
  • Former Steinhoff chairman Wiese open to talks over $4 bln claim
  • In Kenya push, France seals business deals worth over 2 bln euros
  • Russia diamond miner Alrosa wants controlling stake to mine in Zimbabwe
  • Kenya dollar bonds reach 10-mth high as rally resumes
  • South Africa power cuts to continue as Eskom battles shortages
  • Swiss Re says helped insure Boeing, Ethiopian Airlines
  • 3 Egypt companies aiming for IPO in 2019 – bourse head
  • Egypt signs $2 bln deal to buy Russia fighter jets – Kommersant
  • Uganda shilling unchanged amid flat appetite for dollars
  • Uganda ruling party MPs back country’s aging leader for another term
  • Algeria deputy PM to make foreign tour to discuss events at home
  • Kenya shilling under pressure from importer demand
  • At least 89 dead in Zimbabwe as Cyclone Idai leaves trail of destruction
  • Algeria unions refuse to support PM’s efforts to form govt
  • South Africa’s Eskom to continue rolling blackouts this week
  • Gunmen attack Mali army base, kill at least 16 soldiers
  • US agencies have not validated Ethiopia Airlines black box data – US officials
  • Algeria PM starts talks on new cabinet as gas field workers protest
  • France’s BEA says Ethiopian jet’s flight data successfully recovered
  • Workers in Algeria’s Hassi Rmel gas field protest, output unaffected – Sonatrach official
  • Egypt pound appreciates to highest in over 2 years
  • After weeks of protest, Algeria PM starts talks on new govt
  • Algeria PM has started talks to form new govt – state news agency
  • Algeria c.bank raises reserves requirements for banks to 12 pct – APS agency
  • OPEC’s Barkindo says compliance with supply cut deal improving
  • OPEC’s Barkindo says rebound in oil investments “very minimal”
  • Ethiopia crash probe advances with voice download, fresh details
  • Ethiopia jet asked permission to climb then vanished – source
  • South Africa’s Eskom ups power cuts as storm hits Mozambique imports
  • Ethiopia Airlines says crash victim DNA tests will take up to 6 months
  • 10 Airlines fear long grounding of Boeing 737 MAX jets after Ethiopian crash
  • Algerians demand Bouteflika quits in biggest protest yet
  • Nigeria school building collapse killed 20 – Lagos health official
  • Excavators may be damaging Ethiopia crash site – diplomats
  • 75 protesters arrested, 11 policemen injured in Algiers – police
  • Congo ex-leader Kabila’s coalition wins decisive senate majority
  • Zuma-era officials feature on South Africa’s ANC election list
  • PwC investigation finds $7.4 bln accounting fraud at Steinhoff, company says
  • US diplomat urges transparent land reform in South Africa
  • Africa Crude – IOC issues new tender, Angola programme awaited
  • US “very enthusiastic” about Zimbabwe’s new govt – deputy secretary of state
  • South Africa’s rail service places four executives on paid leave amid graft allegations
  • Athletics – Kenya, Ethiopia urge IAAF not to cut Diamond League races
  • South Africa’s Competition Tribunal approves Glencore’s bid for Chevron subsidiary
  • South Africa court blocks mine union’s plan for industry-wide strike
  • South Africa’s Tsogo Sun CEO to retire, hotel business spin-off to go ahead
  • Botswana’s Debswana targets diamond output of 24 mln carats in 2019
  • Zimbabwe inflation quickens to 59.39 pct y/y in February
  • Nigeria consumer inflation falls slightly to 11.31 pct in Feb – stats office
  • A leader of Algeria’s ruling FLN party says Bouteflika is “history now”
  • Kenya’s Commercial Bank of Africa says shareholders accept NIC Group

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

#Africa #Markets | 15 Mar

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian stocks rise as Sino-US trade hopes boost sentiment
  • MSCI Asia-Pacific index up 0.55 pct, Nikkei gains 0.8 pct
  • Spreadbetters expect higher open for European stocks
  • South Korea stocks trim gains amid geopolitical concerns
  • Crude oil hovers near 4-mth highs

Oil Markets

  • Oil prices firm as supply deficit emerges amid disruptions
  • OPEC has led supply cuts since start of year
  • US sanctions against Venezuela, Iran further tighten market
  • Despite economic slowdown, Goldman sees Brent above $70 per bbl
  • Slight oil supply deficit emerged in Q1 2019
  • Brent up 4 cents at $67.27 per barrel (0425GMT)
  • WTI up 2 cents at $58.63 per barrel

Precious metals

  • Gold rises on softer dollar, global uncertainties
  • Gold on track for a second straight weekly gain
  • Trump-Xi summit will not happen in March – Mnuchin
  • Lack of clarity on Brexit should support gold – analyst
  • Spot gold up 0.4 pct at $1,301.58 per ounce (0625GMT)
  • US gold futures up 0.5 pct at $1,301.40 an ounce

Grains

  • Wheat firms, set for biggest weekly gain in 7 months
  • Most active CBOT wheat futures up 0.2 pct at $4.53-1/2 per bushel (0100GMT)
  • Most active corn futures up 0.3 pct at $3.71-1/4 per bushel
  • Most active soy futures up 0.4 pct at $9.02 per bushel
  • Most active rice futures down 0.2 pct at $10.73 per hundredweight

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

  • Nigeria inflation data for Feb-19 due [fcst. 11.3% yy, prev. 11.4%]
  • South Africa state capture inquiry continues
  • One planet summit ends today in Nairobi

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

  • Kenya’s Commercial Bank of Africa says its shareholders have accepted merger with NIC Group
  • Ethiopia crash investigators find piece of wreckage with similar setting to Lion Air plane – sources
  • Ethiopia Airlines flight reported trouble soon after takeoff – NYT
  • Ethiopia crash may test Boeing’s success in defeating US lawsuits – legal experts
  • 10-Boeing 737 MAX jets could be grounded for weeks as black box probe to start on Ethiopia crash
  • WHO says ebola area contained but Congo needs long-term support
  • Burkina Faso army investigating claims its troops carried out executions
  • Maroc Telecom buys Millicom’s Chad subsidiary
  • Ex-president Banda pulls out of Malawi presidential race
  • Africa needs cash, science for new model of green development – leaders
  • Kenya drops cocaine smuggling charges against UK aristocrat
  • Africa Crude – Tenders awarded, Nigerian clears slowly
  • Ethiopia jet’s black box seen damaged but intact in photo
  • Cyclone Idai, worst storm to threaten Mozambique in years, to make landfall
  • Analysis of Ethiopia Airways jet’s black boxes to start Friday: BEA
  • South African rand falls after poor data; equities flat
  • Kenya court axes bankng rates cap, suspends implementation for a year
  • Families keep vigil at hospital as rescue at Nigerian school collapse ends
  • South Africa’s Standard Bank to cut around 1,200 jobs, close 91 branches
  • Fearing new oil glut, OPEC builds case for keeping supply cuts
  • South Africa steps up power cuts after fault at new mega plant
  • New Algeria premier promises broad govt , urges dialogue
  • Hundreds protest in Khartoum; Bashir promises dialogue
  • Zimbabwe’s new currency weakens on interbank market
  • World Bank, AfDB commit $47 bln to Africa climate finance
  • Moody’s says Ethiopia crash won’t affect Boeing rating “at this time”
  • Vedanta to shut Namibia zinc refinery for 5 weeks
  • Electricity supplier Taqa Morocco reports small rise in annual profit
  • Kenya shilling expected to weaken due to energy sector demand
  • Mining, manufacturing slowdowns sour South Africa growth outlook
  • Burkina Faso says Paris court dismissed $2.2 bln claim over manganese mine contract
  • Tunisia bars Boeing 737 max jets from its airspace
  • First readings of Ethiopia plane’s black boxes may take days: BEA
  • Indonesia to send officials to Ethiopia to aid Boeing crash probe
  • South Africa’s manufacturing output up 0.3 pct y/y in January
  • Grieving families of Ethiopia crash victims angry at delays
  • New premier urges Algerians to accept dialogue
  • New Algerian PM says cabinet to be formed early next week
  • Algeria PM says new govt will be in charge for a “short period of time”
  • Families of Ethiopia plane crash victims storm out of meeting with airline
  • South Africa’s Eskom to implement power cuts due to generation shortfall

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

#Africa #Markets | 14 Mar

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia shares slip after China data
  • Pound near 9-mth peak
  • Pound eases after best 1-day percentage gain since Apr 2017
  • Oil prices extend gains on output cuts, US sanctions

Oil Markets

  • Oil edges higher, holds near 4-mth top on supply cuts
  • Brent up 0.1 pct at $67.61 a barrel (0054GMT)
  • WTI up 0.1 pct at $58.29 per barrel

Precious metals

  • Gold prices dip on dollar recovery, Brexit relief
  • Spot gold down 0.5 pct at $1,302.90 per ounce (0732GMT)
  • US gold futures dips 0.5 pct at $1,302.40 an ounce

Grains

  • Wheat rises despite ample global supplies
  • Most active CBOT wheat futures up 0.7 pct at $4.50-1/4 per bushel (0145GMT)
  • Most active corn futures up 0.3 pct at $3.67-3/4 per bushel
  • Most active soy futures up 0.4 pct at $9.04-1/2 per bushel
  • Most active rice futures down 0.2 pct at $10.81 per hundredweight

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

  • Nigeria’s Senate to debate militarisation of elections
  • Kenya’s new cabinet secretaries’ screening in parliament
  • 2nd day of France’s Macron visit to Kenya
  • One Planet summit in Nairobi, Kenya
  • Nigeria’s newly elected legislators to get certificates from electoral body
  • South Africa’s state capture inquiry continues
  • South Africa’s PIC inquiry continues
  • South Africa manufacturing production data for Jan 2019 due [fcst. -0.1% yy, prev. 0.1%]
  • South Africa mining production data for Jan 2019 due [act. -3.3% yy, fcst. -5.5%, prev. -4.8%]

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

  • Athletics – Kenya, Ethiopia urge IAAF not to cut Diamond League races
  • More people die after Nigeria building collapse – emergency agency official
  • Ethiopia crash black boxes arrive in Paris for analysis
  • South Africa’s Eskom to implement power cuts due to generation shortfall
  • Families of Ethiopia plane disaster victims visit crash site
  • Airbus, Ethiopian Airlines discussing new plane deal – French official
  • South African rand weaker before manufacturing, mining data
  • Lion on the lam locked-up in South Africa jail
  • In Kenya push, France seals business deals worth over 2 bln euros
  • South Africa MTN aims to expand local shareholding of its Uganda unit to 20 pct – CEO
  • South Africa’s Exxaro Resources FY earnings jump on higher coal prices
  • Congo president frees several political prisoners, 700 others
  • Egypt closes 4 ports due to bad weather
  • South Africa sugar tax to cut industry revenues, prompt reform – USDA
  • World Bank to lend Angola $1 bln
  • Finland’s Outotec to build 80 mln euro sulphuric acid plant in Morocco
  • Mozambique wants govt guarantees on Proindicus debt cancelled – PM
  • Uganda accuses Rwanda of imposing trade embargo
  • Africa Crude – Tender results awaited, Angolan clears
  • Germany says will not analyse Ethiopia Airlines black box
  • Zimbabwe doctors say patients dying due to drug, equipment shortages
  • Algeria leaders ready to discuss system based on “will of the people”
  • Sensing advantage, Algeria protest leaders hike pressure for change
  • Sudan’s inflation falls to 44.29 pct y/y in Feb – agency
  • Black boxes from Ethiopia crash to be sent to Germany – Ethiopian Airlines spokesman
  • Sudan’s Bashir reshuffles cabinet – SUNA
  • No bodies, only small remains recovered from Ethiopia Airlines crash site – spokesman
  • Algeria’s govt ready for dialogue with opposition – deputy PM
  • Army says it will preserve Algeria’s security in all circumstances
  • Malawi flooding death toll rises to 56, braced for Cyclone Idai
  • In Ivory Coast, organic chocolate made with a bicycle
  • France’s BEA not contacted by Ethiopia over black box analysis
  • MTN to list Nigeria unit towards April and May – MTN Nigeria CEO
  • South Sudan peace deal doomed if disputes not settled – thinktank
  • Italy’s Eni makes major oil find in Angola
  • Building containing school collapses in Nigeria’s Lagos – emergency agency
  • Pilot of crashed Ethiopia Airlines jet reported flight control problems – WSJ
  • British body says has not been asked to take Ethiopia black boxes
  • Uganda shilling little changed, inclined on weaker side
  • South Africa’s business confidence falls for fourth straight quarter
  • South Africa’s debt trajectory too high, no buffers for global crisis – cenbank
  • Africa e-commerce firm Jumia pushes ahead with New York listing
  • Egypt bars Boeing 737 MAX jets from its airspace – statement
  • Kenya shilling under pressure against the dollar
  • South Africa’s Libstar full-year earnings fall on impairment hit
  • Veteran diplomat set to guide Algeria’s transition after protests

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

#Global #Markets | 14 Mar

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

(GMT+1)

CALENDAR
12:00 Ireland Inflation Rate YoY 
12:00 Ireland GDP Growth Rate YoY 
12:00 Ireland GDP Growth Rate QoQ 
12:30 Germany Bundesbank Buch Speech 
13:00 Brazil Retail Sales YoY 
13:00 Brazil Retail Sales MoM 
13:30 Canada New Housing Price Index MoM 
13:30 Canada New Housing Price Index YoY 
13:30 US Export Prices YoY 
13:30 US Import Prices YoY 
13:30 US Export Prices MoM 
13:30 US Import Prices MoM
NEWS
China Shares End Lower on Disappointing Industrial Output Data 
UK Stocks Mostly Unchanged After Brexit Vote 
Czech January Retail Sales Beat Forecasts 
Slovakia Annual Inflation Rate at 4-Month High in February 
Hungary Construction Output Expands the Most in 6 Months 
French February Inflation Rate Confirmed at 1.3% 
Turkish Industrial Output Shrinks at Slower Pace 
Palestinian Inflation Rate Edges Down to 0.44% in February 
Switzerland Producer and Import Prices Fall for 2nd Month 
Finland Inflation Rate Rises to 3-Month High 
Germany February Inflation Rate Revised Down to 1.5% 
India Wholesale Inflation Rises More than Expected

Source: Trading Economics, Macroafricaintel Research

#Africa #Markets | 13 Mar

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia shares stumble, sterling at mercy of yet another vote
  • Nikkei slips over 1 pct, China stocks in the red
  • Sterling on knife-edge ahead of another Brexit vote
  • Dow weighed down by 2nd day of losses for Boeing

Oil Markets

  • Oil firms as Saudis trim exports, US output forecast reduced
  • Brent up 0.4 pct at $66.93 a barrel (0039GMT)
  • WTI up 0.5 pct at $57.17 a barrel

Precious metals

  • Gold hits near 2-wk high on Brexit woes, weaker dollar
  • Spot gold up 0.2 pct at $1,303.74 an ounce (0130GMT)
  • US gold futures up 0.4 pct at $1,303.80 an ounce

Grains

  • Wheat slips on ample global stocks, bleak demand
  • Most active CBOT wheat futures down 0.6 pct at $4.50-1/2 per bushel (0136GMT)
  • Most active corn futures up about 0.1 pct at $3.66 per bushel
  • Most active soy futures down about 0.1 pct at $8.96-1/2 per bushel
  • Most active rice futures up 0.1 pct at $10.75 per hundredweight

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

  • South Africa’s state capture inquiry continues
  • South Africa’s PIC inquiry continues
  • Nigeria’s senate to start debate on 2019 budget proposal
  • South Africa’s political parties to announce candidate lists; IEC deadline for submission today
  • 2nd day of France’s Macron visit to Ethiopia

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

  • South Africa’s Libstar full-year earnings fall on impairment hit
  • Hungry for change, Algerians press old guard to step aside
  • Ethiopia, France sign military, navy deal, turn ‘new page’ in ties
  • US says it backs Algeria efforts to chart new path after Bouteflika
  • Veteran diplomat set to guide Algeria’s transition after protests
  • South Sudan dismisses gang rape accusations, asks for peace funding
  • Nigeria’s ruling party takes close lead in governor elections, but balance could tip
  • Africa Crude – Nembe Creek pipeline resumes, Angolan trade slows
  • Uganda, Saipem agree next steps for refinery
  • Egyptians put the breaks on new car purchases in push for lower prices
  • Nigeria’s Access Bank gets $162.5 mln loan to support local business
  • South Africa’s FirstRand CEO says likely to shrink branches
  • More than 500 Banunu killed in attacks by rival ethnic group in DR Congo – UN investigation
  • African Bank appoints ex-Liberty Holdings CEO as chairman
  • Tanzania sees overall spending up slightly in 2019-20 – finmin
  • Kenya’s president signs petroleum law outlining revenue sharing
  • Macron warns of Chinese risk to African sovereignty
  • 1 man killed, Lebanese construction worker kidnapped in Nigerian city
  • South Africa’s Group Five in business rescue after lenders pull plug
  • South Africa considers financial options to help Zimbabwe revive economy
  • Kenya’s Safaricom secures deal to use m-pesa payments on AliEXpress.com
  • South Africa’s Ramaphosa says ready to help Zimbabwe revive economy
  • Uganda shilling weakens on demand from energy firms
  • Bouteflika’s decision is biggest turning point since independence – deputy PM
  • Kenya shilling weakens against the dollar
  • UN says killings in Congo ethnic clashes may be crimes against humanity
  • Heatwave threatens to slash harvests in drought-hit Zimbabwe
  • Ethiopia crash bodies will take days to release
  • Diplomat Lakhdar Brahimi to chair transitional conference on Algeria – source
  • Macron calls for ‘reasonable’ transition in Algeria
  • South Africa’s FirstRand reports higher HY earnings
  • Results of Ethiopia crash investigation needed before conclusions drawn – IATA head

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

#Global #Markets | 13 Mar

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

(GMT+1)

CALENDAR
09:00 Spain Inflation Rate YoY Final 
09:30 Euro Area ECB Mersch Speech 
09:45 Euro Area ECB Angeloni Speech 
11:00 Euro Area Industrial Production YoY 
11:00 Euro Area Industrial Production MoM 
11:15 Germany Bundesbank Buch Speech 
12:00 Turkey MPC Meeting Summary 
12:10 South Africa Business Confidence 
13:00 Brazil Industrial Production YoY 
13:00 India Current Account 
13:30 US Durable Goods Orders Ex Transp MoM 
13:30 US Durable Goods Orders MoM
NEWS
Sri Lanka Tourist Arrivals Rise 7% YoY in February 
Australia Consumer Sentiment Falls to 1-1/2 Year Low 
Japan Producer Prices Rise 0.8% YoY in February 
South Korea Unemployment Rate Falls to 8-Month Low 
New Zealand Food Inflation Climbs to 10-Month High 
MPs Reject Brexit Deal 
US Stocks Trade Mixed 
UK Stocks Close Slightly Higher Ahead of Brexit Vote 
Coffee Prices at Over 13-Year Low 
Azerbaijan Monthly Inflation Rate Edges Up to 0.6% 
Armenia Leaves Monetary Policy Unchanged 
Serbia Trade Deficit Widens in January

Source: Trading Economics, Macroafricaintel Research

#Africa #Markets | 12 Mar

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Pound soars, Asian shares rally after Brexit deal changes
  • MSCI Asia ex-Japan +1 pct; Nikkei up 1.9 pct
  • Pound gains 0.5 pct on ‘last chance’ Brexit deal
  • China bluechips add 1.3 pct

Oil Markets

  • Oil prices rise on OPEC’s supply cuts and healthy demand
  • Venezuela’s crisis also supports crude prices
  • Brent up 0.3 pct at $66.76 per barrel (0012GMT)
  • WTI up 0.4 pct at $56.99 per barrel

Precious metals

  • Gold inches down as updated Brexit deal improves risk appetite
  • Spot gold down 0.1 pct at $1,293.17 per ounce (0104GMT)
  • US gold futures up 0.1 pct at $1,292.90 an ounce

Grains

  • Wheat edges away from 14-mth low
  • But tepid global demand caps wheat gains
  • Most active CBOT wheat futures up 0.2 pct at $4.29-1/4 per bushel (0100GMT)
  • Most active corn futures up 0.1 pct at $3.62-1/4 per bushel
  • Most active soy futures little changed at $8.90-1/4 per bushel
  • Most active rice futures unchanged at $10.72 per hundredweight

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

  • France’s Macron 2-day visit to Ethiopia
  • South Africa’s state capture inquiry continues
  • South Africa’s PIC inquiry continues
  • Nigeria’s parliament resumes
  • Misconduct trial of suspended Nigeria chief justice Onnoghen continues
  • South Africa’s Ramaphosa in Harare for 3rd SA-Zimbabwe binational commission

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

  • Results of Ethiopia crash investigation needed before conclusions drawn – IATA head
  • Panama’s Copa Airlines says awaiting results of Ethiopia crash probe
  • CERAWEEK – Barkindo says OPEC has helped US shale, as the two plan to meet again
  • US says 737 MAX safe to fly after Ethiopia crash; Boeing shares dip
  • As China prevails, France’s Macron shuffles his cards in Djibouti
  • Algeria’s Bouteflika abandons re-election bid after weeks of protest
  • France says welcomes Bouteflika decision not to seek fifth term in Algeria
  • Canada will take action once cause of Ethiopia plane crash known – minister
  • New constitution for Algeria will be submitted to a referendum
  • Adviser to Niger official arrested in Guinea Bissau cocaine bust
  • Noureddine Bedoui is Algeria’s new prime minister – Ennahar tv
  • Africa Crude – Angolan clears slowly
  • Prize-winning author, 21 UN workers among dead in Ethiopia Airlines crash
  • Royal Air Maroc grounds Boeing 737 MAX 8 after Ethiopian crash
  • Violence sparks first major humanitarian crisis in Burkina Faso
  • After Ethiopia crash horror, some nations ground Boing 737 MAX 8s
  • Ethiopia plane smoked and shuddered before deadly plunge
  • South Africa’s rand firms on improved risk appetite, Naspers lift stocks
  • South Africa’s Comair takes Boeing 737 MAX off schedules
  • Nigeria elections have “systemic failings”, need serious reform – EU
  • Zambia external debt rose to over $10 bln at end 2018 – finmin
  • IEA sees US leading global oil supply growth to 2024
  • Sudan’s parliament cuts state of emergency to 6 months
  • Algeria’s biggest labour union says change is necessary but must be peaceful
  • Ex-Congo VP seeks damages from war crimes court
  • Qatar Petroleum takes stake in Mozambique exploration block
  • Algeria clerics urge religious affairs minister to stop pressuring them to make pro-govt sermons – clerics leader
  • Zimbabwe cenbank head hints at more weakening of new currency
  • Algeria justice minister urges judges to remain neutral
  • Dozens of militants killed in shootouts in Egypt’s Sinai – military
  • Cockpit voice recorder, digital flight data recorder from Ethiopia Airlines flight recovered
  • Tobacco auctions could move exchange rate for Zimbabwe’s transitional currency – cenbank gov
  • Willis is broker on Ethiopia Airlines – spokewoman
  • Algeria judges refuse to oversee vote if Bouteflika participates – statement
  • Zimbabwe annual inflation to fall by as much as 15 pct by end of year – cenbank gov
  • Uganda shilling unchanged, biased on stronger side
  • South Africa’s Old Mutual FY profit drops; co plans $138 mln buyback
  • Kenya shilling strengthens against the dollar
  • Libyans fear showdown as eastern commander eyes capital
  • Barclays Bank Kenya says 2018 full year pre-tax profit rises to 10.65 bln shillings
  • South Africa’s Absa bank full-year earnings dip

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