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

macroafricaintel Daily Brief | 13 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares slide on trade disappointment, HK unrest
  • Trump offers no new details on US-China trade pact
  • Trade war has taken toll on major economies
  • Commodities highlight concern about global demand

Oil Markets

  • Oil dips as US-China trade deal hopes fade
  • US crude stocks seen rising for 3rd week – survey
  • Oil demand growth to slow post-2025 – IEA
  • Forecast points to increased fuel efficiency, Evs
  • Brent down 0.3% at $61.90 a barrel (0124GMT)
  • WTI down 0.3% at $56.65

Precious metals

  • Gold hit by uncertainty over US-China trade deal, firmer dollar
  • Spot gold flat at $1,457.91/oz. (0116GMT)
  • US gold futures up 0.3% at $1,458/oz.

Grains

  • Soybeans inch up on slow US harvest pace
  • Soybean futures up 0.1% at $9.17-3/4 per bushel (0201GMT)
  • Corn futures up 0.3% at $3.76-3/4 per bushel
  • Wheat futures down 0.4% at $5.15 a bushel

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

  • Ghana 2020 budget statement by finmin Ofori-Atta
  • South Africa retail sales Sep-19 [fcst. 2.2% yy, prev. 1.1%]
  • 11th BRICS summit in Brasilia, Ramaphosa attending; 13-14 Nov
  • International Conference on Population & Development (ICPD) in Nairobi; 12-14 Nov
  • 2019 Africa investment forum by AfDB et al. in Johannesburg; 11-13 Nov

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

  • Uganda protests police killing of 2 nationals in Rwanda
  • Egypt seeks to parry rights criticism after mass arrests
  • Kenya pledges to end FGM by 2022 – ahead of global target
  • Eswatini next to suspend South African animal imports after foot and mouth outbreak
  • Petrol stations on Nigeria’s borders close after fuel delivery ban
  • Nigerian ‘unicorn’ Interswitch sells stake to Visa
  • Africa Oil – Angolan cargoes dwindle, Nigerian strong
  • South African state airline says it could cut more than 900 jobs
  • South Africa’s state airliner SAA says job cuts could save firm $47 mln
  • Morocco mandates banks for bond investor meetings – document
  • South Africa’s AMCU mining union seals platinum wage deals
  • Algeria’s Sonatrach renews Edison contract
  • Rain halts oil shipments from Algeria’s Skikda – Ennahar
  • Dubai’s DP World signs deal to develop business park in Namibia
  • Algerian court jails 21 protesters
  • Kenya’s Equity 9-mth pretax profit jumps on lending boost
  • Kenya’s Silverstone Air suspends all flights
  • Eni CEO doesn’t rule out interest in Dana Gas Egypt assets, but not a priority
  • Egypt lifts LNG exports from Idku terminal to 1 bln cubic feet per day
  • Cargo handled by Kenya’s Mombasa port up 9% Jan-Sept – port operator
  • Egypt hires banks for triple-tranche dollar bond issue
  • Egypt’s sovereign wealth fund to raise authorized capital to up to 1 tln pounds
  • Ghana sells 200,000 tonnes of cocoa with farmer premium
  • Zimbabweans get new banknotes, but angered by withdrawal limits
  • Ghana has sold 200,000T of cocoa with LID for 2020/21 – Cocobod
  • Kenya shilling steady, remittances to meet importer demand
  • 2 die during heavy rains in South Africa
  • South Africa’s Telkom in deal talks despite plunging profit
  • Bill to nationalise South Africa’s central bank in parliament
  • Mauritius appoints Renganaden Padayachy as its new finmin
  • Kenya’s Equity Group Holdings 9-mth pre-tax profit up 11%
  • South Africa’s Telkom reports 36% plunge in H1 profits54

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

macroafricaintel Daily Brief | 12 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia shares left guessing on trade, await Trump speech
  • Shares mark time in Asia, bonds bounce a little
  • Awaiting Trump speech in New York for news on trade
  • Reports Trump to delay auto tariffs on EU for 6 mths
  • Sterling holds gains after Boris gets a Brexit boost

Oil Markets

  • Oil dips for 2nd day on lack of trade talk progress
  • Brent down 0.2% at $62.04 a barrel (0256GMT)
  • WTI down 0.3% at $56.68 a barrel

Precious metals

  • Gold flat as investors shift focus to Trump speech
  • Spot gold flat at $1,455.55/oz. (0057GMT)
  • US gold futures unchanged at $1,456.60/oz.

Grains

  • Soybean futures rebound from 1-mth low
  • Soybean futures up 0.1% at $9.17-3/4 per bushel (0148GMT)
  • Corn futures up 0.1% at $3.73-3/4 per bushel
  • Wheat futures little changed at $5.05-3/4 per bushel

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

  • International Conference on Population & Development (ICPD) in Nairobi; 12-14 Nov
  • 2019 Africa investment forum by AfDB et al. in Johannesburg; 11-13 Nov
  • Lesotho PM Thabane in Kenya

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

  • Guinea president replaces security minister following deadly protests
  • Jordan, UAE, Turkey, Sudan accused of violating sanctions on Libya – UN report
  • Ghana to finalise $600 mln cocoa loan package this week
  • Kenya hosts global sexual health summit amid protests from Catholics, pro-life groups
  • Africa Oil – Spot muted after previous flurry of sales
  • South Africa’s rand weaker on China-US trade deal delay
  • Nigeria’s mental health system routinely chains patients up, says Human Rights Watch
  • After fanfare, new Zimbabwe banknotes fail to arrive
  • Egypt sells 695 mln euros in euro-denominated t-bills – central bank
  • Gambia files Rohingya genocide case against Myanmar at World Court – justice minister
  • Reopening of Boungou mine in Burkina will depend on security – Semafo
  • Founder of South African asset manager Allan Gray dies at 81
  • South Africa’s MultiChoice H1 profits rise 22%
  • South Africa – Johannesburg seeks to avert ‘ecological disaster’ from beetle-infested trees
  • African oil states offer new deals to lure more selective investors
  • South Africa’s Absa to open New York office by end of the year
  • Egypt’s core inflation rises to 2.7% in Oct from 2.6% in Sept – c.bank
  • Drought-hit Zimbabwe readies mass wildlife migration
  • Egypt has imported rice reserves through first week of February – minister
  • Congo central bank lowers 2019 GDP growth forecast to 4.6%
  • Egypt targets 6.4% growth, 6.2% deficit in fiscal 2020/2021 – finance ministry
  • Kenyan shilling firms to 4-mth high, helped by remittances
  • ArcelorMittal South Africa to close Saldanha operation
  • South Africa’s Aspen to sell Japan business to Novartis in bid to reduce debt
  • South Africa’s Vodacom H1 profits rise 19%

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

macroafricaintel Daily Brief | 11 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asian shares give up gains as HK chaos hits sentiment
  • Focus on US-China trade talks
  • Gold near 3-mth lows

Oil Markets

  • Oil slips on jitters over US-China trade talks progress
  • Brent down 0.6% at $62.12 a barrel (0117GMT)
  • WTI down 0.6% at $56.89

Precious metals

  • Gold inches up on concerns over trade deal, disappointing China data
  • Spot gold up 0.3% at $1,462.46/oz. (0110GMT)
  • US gold futures flat at $1,463.30/oz.

Grains

  • Corn falls on stronger dollar, USDA estimate caps losses
  • Corn futures down 0.5% at $3.75-1/4 a bushel (0116GMT)
  • Soybean futures down 0.4% at $9.27-3/4 a bushel
  • Wheat futures down 0.5% at $5.07-1/2 per bushel

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

  • 2019 Africa investment forum by AfDB et al. in Johannesburg; 11-13 Nov

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

  • Congo army kills leader of splinter Hutu militia group
  • Malta had deal with Libya coastguard over migrant interceptions – report
  • QP says Egyptian Refining Company Refinery now operating, to reach full production Q1 2020
  • Congolese forces kill 25 Islamist rebels in eastern offensive – army
  • Egypt’s annual urban consumer price inflation falls to 3.1% in October
  • ‘So many dead’: Survivors describe terrifying Burkina Faso ambush
  • Guinea-Bissau newly appointed PM resigns under pressure from ECOWAS
  • Tunisia’s moderate Islamist party may choose outside candidate as PM
  • Morocco’s Attijariwafa bank gets $5 bln from China’s Exim for Africa export fund
  • Mauritius elects incumbent PM for 5-yr term
  • Africa Oil – Flurry of spot cargoes sell as new IMO rules loom
  • Zimbabwe fires 211 striking doctors as economy worsens
  • South Africa power cuts hurt rand as they put economy under more pressure
  • Zimbabwe suspends South African livestock imports after foot and mouth outbreak
  • Libya’s NOC boosts production capacity at Nafoora oil field
  • Kenya passes data protection law crucial for tech investments
  • Nigeria’s Dangote enters Togo with fertiliser and cement deals
  • Vodacom Tanzania’s H1 core earnings rise on M-Pesa, data revenue
  • No apologies: Africans say their need for oil cash outweighs climate concerns
  • Mauritius starts counting votes after parliamentary election
  • Kenyan shilling firmer on offshore investor inflows
  • South Africa’s Steinhoff says could issue shares to help settle lawsuits
  • South Africa’s Tiger Brands looking at sale of processed meats business
  • Power cuts hit South Africa’s rand
  • South Africa’s Gold Fields maintains annual production outlook
  • Africa must quadruple power investment to supply electricity for all, IEA says

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

macroafricaintel Daily Brief | 8 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Stocks close in on record highs on US-China trade deal hopes
  • MSCI’s global gauge near record 2018 peak
  • Beijing says US, China agree to cancel tariffs in phases
  • Sources say the plan meets opposition within White House
  • Bond yields soar

Oil Markets

  • Oil drops on doubts US-China trade deal will be signed soon, rising US stockpiles
  • Brent down 11 cents at $62.18 a barrel
  • WTI down 22 cents at $56.93

Precious metals

  • Gold a tad firmer at $1,468.78/oz.
  • Hit 5-week low of $1,460.7/oz. on Thursday

Grains

  • Soybeans set for weekly loss as US-China trade deal unsigned
  • Soybean futures down nearly 0.5% for the week
  • Corn futures down more than 3% for the week
  • Wheat futures down 0.5% for the week

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

  • Results of Mauritius general election expected
  • Africa oil week; 4-8 Nov
  • Week-long celebrations in South Africa; after Rugby World Cup win
  • 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]

  • Africa must quadruple power investment to supply electricity for all, IEA says
  • Australia’s Perenti says 19 of its employees killed in Burkina Faso attack
  • South Africa’s Eskom warns of more power cuts on Thursday
  • Tunisia’s main parties refuse new government led by moderate Islamists
  • US imposes sanctions on leader of Mali Islamist militant group
  • War crimes judges jail Congolese warlord Ntaganda for 30 years
  • Africa Oil – Sellers of Nigerian crude raise offer levels
  • Sudan president, ex-rebel leader agree to delay unity govt – Uganda
  • South Africa’s rand boosted by US-China trade deal hopes, stocks inch up
  • Rivals promise better wealth distribution as Mauritius votes
  • DRC – Glencore strikes deal with Katanga over $5.8 bln rights issue
  • African pay-TV group Multichoice forecasts profit rise
  • South Africa sees new Saudi-backed $10 bln refinery onstream by 2028
  • South Africa manufacturing, business confidence falls take shine off investment drive
  • Africa FX – Bank stock investors seen supporting Kenyan shilling
  • Axian, ECP to acquire majority stake in Togo state telco
  • Kenya’s president finalises removal of rate cap for banks
  • South African retailer TFG’s H1 profits up 3%
  • Congo disputes Canadian miner Banro’s suspension of operations
  • South Africa’s manufacturing down 2.4% y/y in September
  • Congo Republic: Kosmos, Eni-Lukoil consortium succeed in 2018/19 round
  • Angola to name licensing winners in April, new round in Jan – ANPG official
  • Senegal’s new energy bid process to ensure transparency – state firm
  • Hamstrung Zimbabwe miners call to keep export earnings in dollars
  • Uganda shilling holds steady against the dollar
  • South Africa business confidence dips in Oct. as blackouts unnerve investors
  • Saipem wins $100 mln Equatorial Guinea pipeline contract
  • Court postpones hearing for 7th time for Tanzanian journalist jailed since July
  • South African drugstore Dis-Chem half year profits fall
  • South Africa’s net foreign reserves rise to $44.6 bln in Oct
  • Egypt, Ethiopia, Sudan to try to resolve dam dispute by Jan. 15 – Treasury

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

macroafricaintel Daily Brief | 7 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Asia stocks stymied by trade talk frustration
  • Nikkei idles near 13-mth high, most markets flat
  • Reuters reports phase 1 trade deal delayed to Dec
  • Bonds bounce, dollar cedes some gains to yen

Oil Markets

  • Oil unchanged after overnight losses amid caution over trade talks
  • Brent flat at $61.74 a barrel (0158GMT)
  • WTI down 3 cents at $56.32

Precious metals

  • Gold little changed as investors seek clarity on trade negotiations
  • Spot gold up 0.1% at $1,490.89/oz. (0107GMT)
  • US gold futues down 0.1% at $1,491.70/oz.

Grains

  • Soybeans hover near 1-wk low as trade deal delay weighs
  • Soybean futures trading at $9.27-3/4 per bushel (0017GMT)
  • Corn futures up 0.1% at $3.79 a bushel
  • Wheat futures little changed at $5.17-1/4 a bushel

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

  • Mauritius general election
  • Kenya’s Kibra constituency by-election
  • South Africa manufacturing production Sep-19 [fcst. 0.1% yy, prev. -1.8%]
  • South Africa SACCI business confidence Oct-19 [fcst. 92.5, prev. 92.4]
  • South Africa FX reserves Oct-19 [prev. $54.9B]
  • Nigeria diaspora investment summit; 6-7 Nov
  • UNDP high-level dialogue in Accra
  • Africa oil week; 4-8 Nov
  • Week-long celebrations in South Africa; after Rugby World Cup win
  • 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]

  • Egypt, Ethiopia, Sudan to try to resolve dam dispute by Jan. 15 – Treasury
  • At least 37 killed in attack on Canadian miner Semafo convoy in Burkina Faso
  • Water crisis builds in Egypt as dam talks falter, temperatures rise
  • Trump says talks with Egypt, Ethiopia, Sudan on dam dispute went well
  • ‘Wave of hope’ to end FGM in Ethiopia as activist pioneer dies
  • Ride-hailing market revs up in Egypt
  • South Africa’s Ramaphosa cheers $24 bln more for investment drive
  • Algeria aims to cut imports, balance of payment deficit in 2020
  • Hacked Moroccan lawyer urges action against cyber spies
  • Ghana to change laws on licences to spur oil production
  • Militia in Congo kills 10 civilians in village raid
  • Heavy rains, flooding displace hundred of thousands in East Africa
  • Africa Oil – Cargoes clear, IOC tender result awaited
  • Rugby – ‘Beast’ Mtawarira retires after beauty of a World Cup win for South Africa
  • South African rand inches lower while stocks reach 2 mth highs
  • Kenyan lenders target small and medium businesses with digital loans
  • Total seeks to sell stake in major Nigerian offshore block
  • Angola bid round for 10 fields in Namibe, Benguela basins closes next week
  • Egypt to auction 1-yr euro t-bills on Nov. 11 – central bank
  • Equatorial Guinea to award 7-8 blocks in Nov, press for more drilling
  • Uganda aims for Q1 investment decision on oil pipeline – minister
  • Nearly half of Kenyans surveyed by police watchdog report abuses by officers
  • Zimbabwe police stop public workers from marching for better pay
  • Ivory Coast petroleum ministry announces tenders for 5 offshore blocks
  • Ghana to revoke 4 petroleum licences for lack of development – deputy minister
  • Uganda revamps century-old rail network after China delays funding
  • DR Congo hydrocarbons minister says change of power in country encouraging investment
  • Uganda energy minister invites bidding on 5 oil blocks
  • South Africa’s Ramaphosa bets $13.5 bln of investment pledges at summit
  • Ghana deputy energy minister says laws must change for more offshore exploration
  • Mozambique to appeal South African ruling to set aside extradition of ex-finmin
  • Tullow CEO says too early for new investment date on Uganda oil project
  • Some Nigerians blame govt, not religious leaders, for shocking school abuses
  • Kenyan shilling stronger after parliament removes lending rate cap
  • Mozambique sees new oil and gas bidding round in 2020
  • Kenyan bank shares up after parliament passes rate cap appeal
  • Australia’s South32 exits South Africa thermal coal business

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

macroafricaintel Daily Brief | 6 Nov

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Global Markets

  • Stocks grind lower as markets await clues on trade talks
  • Asian equities swing between gains and losses
  • Treasury yields reverse course and fall in Asia
  • Traders looking for more progress in US-China trade row

Oil Markets

  • Oil slips on huge US crude build; hopes for US-China trade talks check losses
  • Brent down 0.4% at $62.73 a barrel (0120GMT)
  • WTI down 0.4% at $57.05

Precious metals

  • Gold firms as markets await clarity on trade talks
  • Spot gold up 0.2% at $1,486.53/oz (0121GMT)
  • US gold futures up 0.3% at $1,488/oz

Grains

  • Corn firms for first time in five sessions
  • Corn futures up 0.3% at $3.83 a bushel (0013GMT)
  • Soybean futures little changed at $9.34-1/2 a bushel
  • Wheat futures up 0.3% at $5.16-3/4 a bushel

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

  • Ethiopia dam talks in Washington DC
  • Africa oil week; 4-8 Nov
  • Week-long celebrations in South Africa; after Rugby World Cup win
  • South Africa Investment Conference; 5-7 Nov

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

  • Tunisian TV channel owner arrested on corruption allegations
  • Kenya vows to cut emissions as dirty stoves and fuels kill 21,500 a year
  • Zimbabwe public workers to press ahead with pay protest
  • African Oil – Angolan offers steady, fewer December cargoes remain
  • Tunisian inflation slows to 6.5 percent
  • South Africa’s rand flat as Moody’s relief wanes
  • Angola forms consortium with 5 oil firms for $2 bln LNG project
  • Nigerian police free 259 people from Islamic institution
  • Moody’s lowers South African Eskom’s rating deeper into junk
  • Kenya ditches cap on banks’ commercial lending rates
  • Total aiming for 2 additional LNG trains in Mozambique LNG
  • Kenyan president’s bid to remove lending rate cap passes parliament
  • Goldman’s sub-Saharan Africa CEO Coleman to leave firm
  • South Africa’s PetroSA eyes Russia for $359 mln farmout deal
  • Moody’s lowers South African Eskom’s junk rating on restructuring doubts
  • Total to drill another offshore well in South Africa early 2020
  • Senegal announces launch of oil and gas licensing round
  • Portfolio investors help support Kenyan shilling
  • South African consumer confidence hits lowest since 2017
  • Kenya private sector growth slows in Oct – Markit Stanbic Bank
  • South Africa’s private sector contracts again in Oct – PMI
  • South African fuel prices to drop in Nov
  • Rwanda appoints new foreign minister, internal security minister
  • Egypt non-oil private sector shrinks for third straight month in Oct – PMI
  • Trump speaks with Egypt’s Sisi, backs talks on disputed Ethiopia dam

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