macroafricaintel Daily Brief | 12 Feb

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

Global Markets
• China will ‘eat our lunch,’ Biden warns after clashing with Xi on most fronts
• Global fuel prices jump as Asia, US to rev up demand in Q2
• Asian stocks on hold for Lunar New Year, bitcoin eyes record highs
• Oil’s losses deepen as OPEC, IEA caution ends rally
• Brent down 0.8% at $60.67, WTI down 0.9% at $57.71 (0309GMT)
• Gold eases as dollar ticks up, still on track for best week in three
• Spot gold down 0.2% at $1,822.69/oz., futures down 0.2% at $1,823.30 (0539GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Kenya’s Uhuru & Raila campaign for BBI, amid Ruto pushback
• Kenya receives first batch of 24 mln doses of AstraZeneca covid vaccine (13 Feb)
• Nigeria’s security services brace up for 2nd police brutality protests (13 Feb)
• Kenya counties debate BBI, some to pass bill during the week
• South Africa state capture inquiry continues
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Ethiopia closes camps housing Eritrea refugees in Tigray after reports of attacks
• Sudan cracking down on ex-ruling party after violent protests
• Africa not ‘walking away’ from AstraZeneca vaccine, CDC says
• Nigeria govt warns against protest at Lekki shooting site
• Uganda projects public debt to surge to nearly 50% of GDP by June
• DRC confirms 2 ebola cases in resurgence of major outbreak
• An election, a mine deal and China loom over Zambia’s IMF talks
• Air Namibia cancels all operations amid liquidation rumours
• Kenya says it will move ahead with AstraZeneca covid-19 vaccine
• Africa CDC says countries without ‘South Africa’ variant should use AstraZeneca vaccine
• Tanzania experiencing surge in covid-19 cases, says US
• Zimbabwe purchases 600,000 Sinopharm covid-19 vaccinations – info min

Bloomberg
• Covid-19 crisis grows in Tanzania as president rejects risk
• Oil extends drop below $58 after IEA cuts 2021 demand forecast
• Vaccines, energy supply top South Africa leader’s priority list
• Somalia opposes Kenya’s call to further delay border case
• Nigeria bank stocks take a beating as traders chase high yields
• AU task team has 20 countries lining up for vaccines
• Ethiopia will approach private creditors only as last resort
• Sudan blames Bashir loyalists after rioting rocks several cities
• Libya’s oil port of Hariga reopens as guards end pay strike
• Nigeria raises borrowing limit in new debt management plan
• Africa startup investments fall for first time in almost a decade
• South Africa bank rally has legs as JPMorgan sees payouts resuming
• More Africa nations seen tapping G20 debt plan on revenue drop

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

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