macroafricaintel Daily Brief | 7 Apr

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

Global Markets

  • Asian shares cautiously gain on virus hopes, dollar slips
  • Early signs of virus peaking in Europe, New York
  • Broad gains from Tokyo to Sydney but momentum ebbs
  • Currencies, bonds steady as economic risks weighed

Oil Markets

  • Oil gains as hopes rise for production cut amid coronavirus outbreak
  • Brent up 2.2% at $33.78 a barrel (0026GMT)
  • WTI up 3.7% at $27.05

Precious metals

  • Gold slips from 4-wk high as dollar, equities firm on coronavirus slowdown
  • Spot gold down 0.2% at $1,657.67/oz. (0110GMT)
  • US gold futures up 1.7% at $1,723

Grains

  • Corn heads higher after dropping for seven straight sessions
  • Corn up 0.6% at $3.29-3/4 a bushel (0226GMT)
  • Soybean up 0.6% at $8.61
  • Wheat down 0.6% at $5.51-1/4

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

  • Kenya locks down Nairobi (6 Apr) & Kilifi, Mombasa & Kwale (8 Apr)
  • South Africa Eskom global investor update call
  • South Africa FX reserves Mar-20 [prev. $54.7B]
  • Key African countries on lockdown; subdued economic activity
  • Covid-19 updates by authorities across the continent

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

  • Trump says OPEC has not asked him for a US oil production cut
  • Morocco makes face masks compulsory due to coronavirus
  • OPEC+ likely to agree to cut production if US joins effort – sources
  • Egypt reports 149 new coronavirus cases, its highest daily toll
  • Morocco looks to foreign debt to deal with coronavirus impact
  • South Africa central bank asks lenders to scrap dividends amid virus
  • South Africa should not approach IMF for help, ANC and allies say
  • “We are at war”: Kenya halts movement to areas worst hit by coronavirus
  • Zimbabwe eases coronavirus lockdown to allow diaspora remittances flow
  • South Africa central bank announces regulatory relief for banks
  • Gunmen kill 25 soldiers in north Mali attack – army spokesman
  • Africa Oil – Sonangol sells Cabinda, Girassol cargoes
  • South Africa Eskom plans global investor update call – lead manager
  • South Africa rand firmer as risk takers return, stocks up 3.29%
  • Nigeria seeks $6.9 bln from lenders to fund coronavirus fight
  • Norway considers attending OPEC meeting on April 9 – oil ministry
  • South Africa sets aside $64 mln for small-scale farmers amid lockdown
  • South Africa central bank sees up to -4% GDP over coronavirus fallout
  • Ivory Coast police clash with protesters over coronavirus test centre
  • Uganda slashes main interest rate to 8% as coronavirus hurts economy
  • KFC owner witholds rent on South Africa stores amid lockdown – Bloomberg
  • Kenya president halts movement in areas affected by the coronavirus
  • Kenya – Safaricom, Vodacom finalise M-Pesa acquisition from UK’s Vodafone
  • South Africa makes more spectrum available to meet internet demand
  • Kenya shilling weakens as players beef up positions
  • Congo mine attack kills three Chinese nationals – Xinhua
  • South Africa Woolworths warns of likely 20% profit fall
  • Saudi Arabia delays setting May prices, looks to OPEC meeting to settle price war

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

macroafricaintel Daily Brief | 6 Apr

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

Global Markets

  • Oil slips on oversupply fears, but stocks jump on virus slowdown hopes
  • Oil prices fall after Russia-Saudi Arabia delay meeting
  • British pound skids as PM Johnson admitted in hospital
  • Equity investors focus on slowdown in COVID-19 deaths

Oil Markets

  • Oil drops over $1 on oversupply after OPEC+ delays meeting
  • Brent down 3.8% at $32.82 a barrel (0203GMT)
  • WTI down 5.9% at $26.68

Precious metals

  • Gold firms on safe-haven demand, but stronger dollar caps gains
  • Spot gold up 0.2% at $1,619.03/oz. (0314GMT)
  • US gold futures steady at $1,645.90/oz.

Grains

  • Corn falls to 3-1/2-year low on bleak prospects for ethanol
  • Corn futures down 0.5% at $3.29-1/4 a bushel
  • Wheat up 1.2% at $5.55-3/4 a bushel
  • Soybeans down 0.3% at $8.51-3/4 a bushel

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

  • Nigerian finance minister Ahmed briefs on Covid-19 stimulus plan
  • Bank of Uganda decides on interest rates [fcst. 8.0%, prev. 9.0%]
  • Key African countries on lockdown; subdued economic activity
  • Covid-19 updates by authorities across the continent

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

  • Tripoli forces hit eastern Libya cargo plane near capital
  • Libya revolution premier Jibril dies from coronavirus
  • Africa could lose 20 mln jobs due to pandemic – AU study
  • Egypt sees growth slowing to 4.5% in Q3, 1% in Q4 due to coronavirus
  • Congo’s Chemaf mothballs copper-cobalt processing plant over coronavirus
  • Ethiopia reports its first death of a COVID-19 patient
  • South Africa arms firm Denel to produce ventilators in coronavirus fight
  • South Sudan confirms first case of coronavirus
  • Morocco to release 5,654 prisoners amid coronavirus outbreak
  • Egypt non-oil private sector contracts faster as virus hits – PMI
  • OPEC+ meeting delayed as Saudi Arabia & Russia row over oil price collapse – sources
  • Algeria extends curfew as coronavirus cases rise
  • Malawi’s president and ministers to take 10% salary cut to fight coronavirus
  • Coronavirus hits Egypt’s administrative capital and grand museum
  • Algeria to speed up customs procedures for food, health equipment over coronavirus
  • Tunisia govt given special powers to handle coronavirus crisis
  • Nigeria to set up $1.39 bln fund to fight coronavirus
  • BAT South Africa urges govt to lift cigarette sale ban
  • Egypt postpones launch of mega projects to 2021 due to coronavirus – presidency
  • Senegal GDP growth to shrink to less than 3% due to coronavirus – president
  • Zambia central bank establishes medium-term facility to ease liquidity crunch
  • African migrants in Morocco wait for aid as coronavirus bites
  • WHO opens door to broader use of face masks to limit spread of coronavirus
  • Coronavirus spotlights risks of swelling slums in Africa’s cities
  • Guinea-Bissau convicts 12 for smuggling record 1.8 tonnes of cocaine
  • Fitch downgrades South Africa further into ‘junk’
  • Brent crude jumps above $33 on hopes of oil output deal
  • Africa Oil – Oversupply keeps offers at steep discount
  • ArcelorMittal South Africa issues force majeure, cuts salaries
  • Best-selling novel exposes life of child slaves in Nigeria
  • Zimbabwe turns water cannon on coronavirus
  • Deep OPEC+ cuts won’t be enough to prevent oil inventory build – IEA head
  • Nigerians turn to rabbits for consolation during coronavirus lockdown
  • Kenya shilling seen under pressure as economy reels from virus
  • Ivory Coast pledges $500 mln to support commodities sectors
  • South Africa, Turkey CDS surge to highest since financial crisis
  • South Africa Transnet to resume transport of non-essential cargo during lockdown
  • East Africa locust swarms gather as coronavirus curbs delay pesticides
  • Uganda shilling holds steady against the dollar
  • Kidnapped Mali opposition staff freed but leader still missing
  • Medical aid marooned as Africa shuts borders amid coronavirus pandemic
  • OPEC+ producers debating possible oil cuts of 10 mln bpd – OPEC source
  • Kenya private sector activity plunges in March – PMI
  • South Africa private sector activity falls to record low in March – PMI
  • Rwanda secures $109 mln IMF loan to tackle coronavirus

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

macroafricaintel Daily Brief | 3 Apr

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

Global Markets

  • Oil, shares slip on doubts over Saudi-Russia deal
  • US oil futures drop 4.5% on doubts on output cut deal
  • Trump says has not offered US output cut
  • S&P 500 futures fall 0.7% after energy driven overnight gain

Oil Markets

  • Oil falls on scepticism over Trump’s Saudi-Russia output deal
  • Brent down 3.3% at $28.96 a barrel (0335GMT)
  • WTI down 4.5% at $24.19

Precious metals

  • Gold slips on firm dollar, poor US data limits losses
  • Spot gold down 0.1% at $1,610.64/oz. (0037GMT)
  • US gold futures down 0.1% at $1,635.50/oz.

Grains

  • Wheat set for biggest weekly drop since late February on economic woes
  • Wheat down 4% week thus far
  • Corn down 3% for the week already
  • Soybeans down 2.4% w/w

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

  • Bank of Uganda decides on interest rates [fcst. 8.0%, prev. 9.0%]
  • South Africa Standard Bank PMI Mar-20 [prev. 48.4]
  • Nigeria Stanbic IBTC PMI Mar-20 [prev. 55.0]
  • PMIs for Kenya, Ghana & other African countries due as well
  • Key African countries on lockdown; subdued economic activity
  • Covid-19 updates by authorities across the continent

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

  • Tunisia may impose exceptional taxes on firms to raise coronavirus funds – premier
  • Trump touts ‘great Saudi-Russia oil deal to halt price rout, but details unclear
  • Egypt reports 86 new coronavirus cases
  • World Bank approves initial $1.9 bln in emergency coronavirus funds
  • UN agency keeps Africa food aid flowing amid coronavirus
  • Africa Oil – Glut persists, weighing on differentials
  • Egypt central bank leaves rates unchanged
  • Egypt to increase strategic staple reserves to 6 months
  • Malawi records first three cases of coronavirus
  • Iraq supports calls for emergency OPEC+ meeting [Most members already indicated support as well]
  • South Africa rand hits new look on bleak economic outlook
  • Ethiopia signs $800 mln geothermal power purchase agreement
  • South Africa ARM says JV gets green light to load iron ore amid lockdown
  • South Africa Famous Brands pulls plug on Gourmet Burger Kitchen
  • No meeting set up for OPEC+, sources say after Saudi call for talks
  • South Africa’s Libstar to postpone final dividend due to coronavirus
  • French army reports four soldiers positive for coronavirus in West Africa
  • Coronavirus leaves Senegal’s street children more exposed than ever
  • Africa FX – African currencies seen under pressure from the dollar; in week ahead
  • OPEC’s daily basket oil price slides below $17 a barrel
  • Middle East, Africa governments need to act faster to protect airlines – IATA
  • Twitter removes accounts linked to Egypt, Saudi Arabia, other countries
  • From chatbots to online markets, Africans craft weapons against coronavirus
  • Morocco’s February trade deficit deepens 2%
  • Zambia records coronavirus death
  • Ethiopia opens up mobile money services to local non-financial firms
  • Wives rejoice and traders despair as coronavirus halts khat supply to Somalia
  • Kenya shilling weakens against the dollar
  • Africa govts team up with tech giants to fight coronavirus lies
  • Tightening liquidity helps to support Uganda shilling
  • Nigeria tells oil, gas companies to cut staff in pandemic fight
  • South Africa’s Quantum Foods warns of 38% drop in first-half profit
  • Senegal seeks $221 mln from IMF to mitigate coronavirus shock
  • Kenya’s push to harvest rainwater has a new payoff: battling coronavirus

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

macroafricaintel Daily Brief | 2 Apr

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

Global Markets

  • Asian stocks slip as Trump warns of horrors to come
  • Trump warns of ‘horrific’ days ahead
  • Asian stocks slip, bonds rally, dollar firms
  • US jobless claims due at 1230 GMT, seen hitting fresh record

Oil Markets

  • Oil surges as Trump talks up hopes for truce in Saudi-Russia price war
  • Brent up 4% at $25.74 a barrel (0118GMT)
  • WTI up 3.7% at $21.06

Precious metals

  • Gold slips as dollar holds firm; US jobs data awaited
  • Spot gold down 0.4% at $1,584.50/oz. (0312GMT)
  • US gold futures up 0.4% at $1,597.20/oz.

Grains

  • Soybeans ease for 2nd session as coronavirus fears hit markets
  • Soybeans down 0.4% at $8.59-3/4 a bushel (0058GMT)
  • Wheat up 0.2% at $5.51-1/2 a bushel
  • Corn up 0.3% at $3.35-3/4 a bushel

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

  • Key African countries on lockdown; subdued economic activity
  • Covid-19 updates by health authorities across the continent

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

  • Egypt’s health sector races to scale up coronavirus readiness
  • IMF has strong resources to deal with virus crisis, working to identify more – officials
  • South Africa needs ‘hundreds of thousands’ of virus tests – health minister
  • Africa seeks IMF, World Bank, EU backing on debt relief
  • Fidelity Bank cuts profit target as coronavirus hits Nigeria
  • Africa Oil – Sell tender awarded, Angolan diffs deeply negative
  • South Africa’s Eskom sends force majeure notices to wind farms
  • Tunisia banks to defer loan payments, suspend dividend distribution
  • Rand roiled by rising South Africa growth fears
  • Nigeria’s Fidelity Bank prepares eurobond coupon before due date – executive
  • South Africa insurer Discovery, Vodacom set up online virus consultation service
  • South Africa’s 2019/20 tax revenue at 1.4 trillion rand, short of target
  • Nigeria banks limit debit card withdrawals abroad
  • Somali doctor, veteran of many battles, girds for war with coronavirus
  • World Bank approves delayed $500 million education loan to Tanzania
  • South Africa says ports remain open despite lockdown
  • Coronavirus seen as trigger for mobile money growth in West Africa
  • Nigeria stocks hit new 8-yr low as coronavirus lockdown enters day two
  • Uganda doctors say anti-coronavirus measures could cause deaths
  • Uganda shilling holds steady due to reduced market activity
  • South Africa’s Eskom could buy less power from wind farms during lockdown
  • Kenya shilling under pressure from the dollar
  • Fitch, Moody’s downgrade South Africa banks to junk
  • Africa wants IMF, World Bank & EU support on debt relief – UNECA
  • South Africa Absa PMI contracts for 14th straight month
  • Glencore’s chrome joint venture in South Africa with Merafe declares force majeure
  • Ethiopia postpones August election due to coronavirus
  • US air strike killed civilians in Somalia, Amnesty International says
  • South Africa should seek IMF funding to deal with pandemic – IIF

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

macroafricaintel Daily Brief | 1 Apr

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

Global Markets

  • Asian shares hold on to gains but virus keeps on markets on edge
  • Pandemic threatens sharp global slowdown
  • Dollar braces for US manufacturing data
  • Oil market in confusion over supply glut

Oil Markets

  • Oil prices fall as US inventory build-up heightens oversupply concerns
  • Brent down 1.8% at $25.88 a barrel (0345GMT)
  • WTI up 0.6% at $20.6

Precious metals

  • Gold recovers from 3% slump as dollar, Asian equities ease
  • Spot gold up 0.4% at $1,577.83/oz. (0030GMT)
  • US gold futures down 0.3% at $1,591.30/oz.

Grains

  • Corn rebounds from 2-wk low, USDA forecast caps gains
  • Corn up 0.2% at $3.41-1/2 a bushel (0126GMT)
  • Soybean down 0.2% at $8.84-1/2 a bushel
  • Wheat up 0.5% at $5.71-1/2 a bushel

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

  • Key African countries on lockdown; subdued economic activity
  • South Africa ABSA manufacturing PMI Mar-20 [prev. 44.3]
  • Kenya parliament special session on Kenyatta covid-19 stimulus plan

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

  • South Africa should seek IMF funding to deal with pandemic – IIF
  • Paris Club creditors agree to cancel $1.4 bln of Somali debt
  • Somalia to finalize debt forgiveness in bilateral talks – minister
  • Egypt’s private airlines call for aviation minister to intervene amid coronavirus crisis
  • Algeria leader urges discipline, says govt able to counter coronavirus
  • Ethiopia postpones August election due to coronavirus
  • MTN moves ahead on Nigeria stake sale with markets in turmoul – Bloomberg
  • Tunisia extends lockdown by two weeks
  • East Africa nation of Burundi confirms first coronavirus cases – Health ministry
  • South Africa sends testing teams into townships to contain coronavirus
  • Zambia bonds dive as govt calls in debt restructuring advisers
  • Botswana records first death from coronavirus – vice president
  • Africa Oil – Nigeria April cargoes weigh on market
  • Ghana slashes GDP forecast over coronavirus shock
  • Zimbabwe court rules Chamisa not legitimate leader of opposition
  • South Africa rand firms after trade data, stocks rise
  • OPEC rift widens as group fails to set date for emergency talks
  • Tunisia releases 1,420 prisoners over coronavirus
  • Kenya Airways seeks financial help from the govt
  • Egypt M2 money supply up 13.96% y/y in February – c.bank
  • Ivory Coast suspends Cargill, Barry Callebaut from buying new cocoa beans
  • Katanga Mining witholds $250 mln Gecamines payment, delays Congo acid plant
  • Africa’s biggest city Lagos locks down to defend against coronavirus
  • South Africa lockdown squeezes global chrome supply
  • South Africa’s trade balance swings to surplus in February
  • Sierra Leone has confirmed its first case of coronavirus, president says
  • Kenya shilling edges down against dollar
  • Kenya year-on-year inflation falls 6.06% in March
  • Uganda shilling holds steady against the dollar
  • Coronavirus comes to rescue of Sierra Leone plundered rosewood
  • Samancor Chrome issues force majeure due to South Africa lockdown
  • France to seek debt moratorium for the most fragile countries
  • South Africa Sanlam appoints new CEO, to take over by July
  • South Africa Standard Bank withdraws guidance over coronavirus
  • South Africa’s Harmony Gold sees lower output during 21-day lockdown
  • Tanzania confirms its first coronavirus death, health minister says
  • South Africa Sasol flags refinery slowdowns

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

macroafricaintel Daily Brief | 31 Mar

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

Global Markets

  • Asia shares inch up, China’s factories show flicker of life
  • Asia shares supported by month-end demand, calmer mood
  • China factory survey beats forecasts, PMI rises to 52.0
  • Oil prices steady for now after steep drop

Oil Markets

  • Oil rebounds from 18-yr lows after US, Russia agree to talks
  • Brent up 1.9% at $23.19 a barrel (0406GMT)
  • WTI up 5.8% at $21.26

Precious metals

  • Gold falls as dollar strengthens, shares rally; set to post quarterly gain
  • Spot gold down 0.5% at $1,613.40/oz. (0327GMT)
  • US gold futures down 0.2% at $1,615.80/oz.

Grains

  • Corn prices set for biggest quarterly loss in 5-1/2 years
  • Corn down more than 11% for the quarter
  • Soybeans down more than 7% for the quarter
  • Wheat up more than 2% for the quarter

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

  • Key African countries lock down; subdued economic activity
  • Kenya inflation Mar-20; newly rebased CPI today, forecasts likely off [fcst. 6.6% yy, prev. 6.4%]
  • South Africa Q4-19 employment statistics
  • G20 finance ministers & central bank governors Covid-19 video conference
  • Kenya parliament Kenyatta stimulus plan debate (expected this week); resumed yesterday
  • Uganda inflation Mar-20 [fcst. 3.7% yy, prev. 3.4%]
  • Nigeria FX reserves Mar-20 [prev. $36.38B]
  • South Africa balance of trade Feb-20 [prev. ZAR-1.87B]

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

  • Zimbabwe locks down to fight coronavirus amid economic crisis
  • Egypt’s Sisi calls for boost of strategic food reserves during coronavirus
  • Egypt’s 2020-21 draft budget is based on oil at $61 per barrel
  • Botswana records first 3 cases of coronavirus – health minister
  • Morocco’s Bank of Africa posts 5% profit rise for 2019
  • Africa Oil – Nigeria starts lockdowns, demand dwindles as run cuts rise
  • South Africa’s Massmart says it has enough funding to weather lockdown
  • South Africa franchise restaurant chain Spur to defer interim dividend payment
  • South Africa rand touches all-time low after Moody’s pulls the plug
  • South Africa’s Netcare scraps 2020 outlook due to coronavirus
  • Locust stealing lives: Fears of farmers, herders in Somaliland as a plague looms
  • Developing nations need $2.5 trln coronavirus package – UN
  • South Africa policeman, guard shot man dead during lockdown – police
  • Africa’s megacity Lagos braces for 2-wk coronavirus lockdown
  • Sierra Leone lifts ban on pregnant girls attending school
  • South Africa’s big banks: Up to 20% of borrowers may not qualify for coronavirus relief
  • South Africa default insurance costs jump after rating cut
  • South Africa – Anglo American Platinum declares force majeure on certain supplier contracts after coronavirus lockdown
  • Kenya shilling holds steady against the dollar
  • Uganda shilling inches up as virus curbs demand for dollars
  • Impala Platinum declares force majeure on supply from South Africa mines
  • South Africa – Anglo American cancels rough-diamond sales event due to coronavirus lockdowns
  • South Africa credit growth in February rises to 5.09% y/y
  • Oil crash puts Africa’s cash-strapped producers in peril

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

macroafricaintel Daily Brief | 30 Mar

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

Global Markets

  • Asia shares suffer virus chills, central banks offer what they can
  • S&P 500 & European futures call, Nikkei off over 3%
  • China, Singapore ease monetary policy
  • US extends social distancing guidelines to end of April
  • Treasury bonds rally further, yield curves flatten
  • Dollar down for the moment, oil under pressure

Oil Markets

  • Crude oil futures drop as pandemic pandemic darkens demand outlook
  • Brent down 6.7% at $23.25 a barrel (0249GMT)
  • WTI down 5.4% at $20.34

Precious metals

  • Gold gains as dollar weakens, fears of economic damage mount
  • Spot gold up 0.3% at $1,621.85/oz. (0029GMT)
  • US gold futures up 1% at $1,641.80/oz.

Grains

  • Wheat gains on world food supply concerns, soybeans up 1%
  • Wheat up 0.3% at $5.72-3/4 a bushel (0207GMT)
  • Corn down 0.5% at $3.44-1/4 a bushel
  • Soybeans up 1.1% at $8.90-3/4 a bushel

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

  • Nigeria locks down Lagos, Abuja & Ogun states for 14 days to curb covid-19 spread
  • South Africa M3 Feb-20 [fcst. 7.0% yy, prev. 7.0%]
  • South Africa PSCE Feb-20 [fcst. 5.0% yy, prev. 5.0%]
  • Nigeria FX reserves Mar-20 [prev. $36.38B]
  • South Africa balance of trade Feb-20 [prev. ZAR-1.87B]
  • Zimbabwe locks down for 21 days

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

  • South Africa records second coronavirus death as infections jump to 1,280
  • Nigeria orders 14-day cessation of movement in Lagos, Abuja to fight
  • Egypt’s banks told to limit withdrawals & deposits
  • Zimbabwe brings back foreign currencies ahead of coronavirus lockdown
  • South Africa sees IMF loan to fight coronavirus as last resort
  • South Africa could seek IMF loan to fight coronavirus
  • More coronavirus cases in Libya as fighting rages
  • Nigeria tightens offshore oil rules after vessel workers get coronavirus
  • Algeria says food stocks for months
  • South Africa announces tax relief for business hit by coronavirus
  • Angola to cut budget as fifth year of recession looms large
  • Mali holds election despite coronavirus and insurgency
  • Belly dancer keeps Tunisians entertained through coronavirus lockdown
  • South Africa may approach the IMF for “health funding” – Mboweni
  • Egypt’s central bank instructs banks to put temporary limits on daily withdrawals and deposits
  • New coronavirus cases confirmed in Libya as war escalates
  • 47-nation Africa has 2,650 confirmed coronavirus cases, 49 deaths – WHO
  • South Africa’s coronavirus infections rise at a slower rate
  • Tunisia gets 250 mln euros from EU to tackle coronavirus impact
  • Nambia suspends mining operations as coronavirus lockdown takes effet
  • South Africa billionaire Motsepe donates $57 mln to fight coronavirus
  • South Africa fuel prices to drop sharply in April
  • Algeria arrests leading journalist Drareni
  • Moody’s downgrades South Africa rating to ‘junk’, keeps negative outlook
  • Nigeria needs $330 mln for coronavirus battle, turns to private sector
  • Morocco to spend $200 mln to brace health system for coronavirus
  • South Africa struggles with lockdown as records first coronavirus death
  • Guinea referendum backs constitutional changes that may extend president’s rule
  • Zimbabwe orders total lockdown from Monday to combat coronavirus
  • Africa Oil – China provides a dim light as refiners shut
  • EU offers 450 mln euros to help Morocco counter coronavirus – statement
  • Zimbabwe billionaire offers health workers support in coronavirus fight
  • South Africa’s ARM receives force majeure from Impala Platinum following lockdown
  • South Africa’s AngloGold Ashanti cuts spending, suspends output guidance
  • Morocco to halt import duties on soft wheat, durum and grains – statement
  • South Africa tweaks rules for small-scale power producers
  • National Bank of Ethiopia to inject $450 mln as liquidity for private banks
  • Fight escalates in Libya despite coronavirus threat
  • Senegal’s graffiti artists join fight against coronavirus
  • Algeria extends curfew to nine more provinces over coronavirus outbreak
  • Nigeria eases to new low on spot market on FX scramble
  • Uganda shilling strengthens, buoyed by an interbannk sell-off
  • Some Kenya nurses refuse coronavirus patients in protest over shortages – union
  • Nigeria needs 120 bln naira for coronaviurs battle, turns to private sector
  • Zambia to suspend import duty on mineral concentrates, export duty on precious metals
  • Kenya shilling gains ground, helped by lacklustre dollar demand
  • South Africa’s Mediclinic names former Lloyd’s of London CEO as next chair
  • Anglo American expects South Africa lockdown to hit iron ore and coal
  • South Africa’s Amplats continues repairs on processing facilities despite lockdown
  • South Africa’s Vodacom chairman to retire in July

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