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African Markets - Factors to watch on January 21

Nairobi, Jan 21 (Reuters) - Key factors affecting African markets include geopolitical tensions impacting Asian stocks and oil prices, with a notable decline in oil due to expected U.S. crude inventory increases. The South African rand weakened amid risk aversion, while Nigeria reported military casualties from militant attacks. Ivory Coast plans to purchase surplus cocoa, and Ghanaian farmers face payment issues. Political developments include Benin's opposition losing parliamentary seats and Togo expelling Burkina Faso's former president. The Democratic Republic of Congo is seeking U.S. investment in state-owned mining assets, and Ethiopian Airlines ordered nine Boeing 787 jets.

Air Force One to land at Joint Base Andrews after crew finds 'minor electrical issue'

Air Force One will land at Joint Base Andrews due to a minor electrical issue identified by the crew after takeoff. White House press secretary Karoline Leavitt confirmed the precautionary landing before switching to a different aircraft. Leavitt humorously noted the Qatari jet, a $400 million luxury Boeing 747-8, sounded better now. The president and his Cabinet are set to meet European leaders in Davos amid rising tensions over U.S. tariffs on Denmark and discussions about acquiring Greenland.

Boeing's stock price (closing on January 20) is expected to recover the ground lost since the 2024 door detachment incident

State Department approves potential sale of aircraft, torpedoes to Singapore for $2.3 billion, Pentagon says

Jan 20 (Reuters) - The U.S. State Department has ‌approved the ​potential sale ‍of maritime ⁠patrol ⁠and reconnaissance ‌aircraft ​and lightweight torpedoes and ⁠related ‍equipment ​to Singapore in a deal ‍valued at an estimated $2.3 billion, the ​Pentagon ‍said on Tuesday. The ​principal contractor is Boeing ( BA ), according to the Pentagon. (Reporting ​by Costas Pitas and Ryan ‍Patrick Jones)

Key facts: Boeing faces potential 30% EU tariff; Ethiopian Airlines orders 20 jets

Boeing may face a 30% tariff from the EU on American aircraft. In 2024, its European sales are expected to reach $8.7 billion, about 13% of total revenue.1Ethiopian Airlines confirmed orders for nine Boeing 787-9 Dreamliners and finalized the purchase of 11 Boeing 737 MAX jets, totaling 20 new aircraft, aimed at expanding its international network.23