macroafricaintel Daily Brief | 15 Feb

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

Global Markets
• Asia shares hit new peaks, oil up on Middle East tensions
• Bitcoin pulls back from brink of $50,000
• Oil hits 13-mth highs on fears of Middle East tensions
• Brent up 1.8% at $63.52, WTI up 2.2% at $60.75 (0428GMT)
• Economic recovery bets push platinum to over 6-yr peak
• Spot gold down 0.2% at $1,820.16/oz., futures steady at $1,823.30 (0633GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• South Africa schools, land borders reopen after Covid-induced closures
• South Africa’s state capture inquiry continues; Zuma to appear
• Sahel leaders confer on security in N’Djamena; France’s Macron attends via video (15-16 Feb)
• Nigeria’s govt meets regional leaders over insecurity, ethnic tensions
• Nigeria inflation Jan-21 [fcst. 16.4% yy, prev. 15.8%]
• Kenya’s Uhuru & Raila campaign for BBI, amid Ruto pushback
• Kenya counties debate BBI, vote on bill during the week
• Liberia on high alert, after new ebola outbreak in neighbouring Guinea
• South Africa starts covid-19 vaccinations (17 Feb)
• South Africa inflation Jan-21 [fcst. 3.0% yy, prev. 3.1%] (17 Feb)
• South Africa retail sales Dec-20 [fcst. -4.4% yy, prev. -4.0%] (17 Feb)
• Covid-19 updates by authorities across the continent

Key African events or data releases over the weekend & early a.m today
Reuters
• Guinea declares new ebola outbreak
• Nigeria’s president calls for calm after clashes in southwest Oyo state
• Sudan says Ethiopa forces crossed border, raising tensions
• Tunisia police abuse allegations cloud democratic gains
• Sailors kidnapped off Nigeria return to Turkey, describe death threats and forest captivity
• South Africa to reopen 20 land border crossing points next week
• Nigeria police beat, arrest protesters at site of Lekki shootings: witnesses
• Senegal pays $3.7 mln for 200,000 doses of China’s Sinopharm vaccine
• S&P joins Fitch in downgrade of Ethiopia on potential debt restructuring
• First woman, first African: Nigeria’s ‘troublemaker’ on track to run WTO
• Algeria president returns home after hospitalization in Germany
• Nigerians win UK court OK to sue Shell over oil spills
• DRC confirms 3rd ebola case in North Kivu province
• Nigeria president approves set up of $2.6 bln infrastructure firm
• Chad reinforces tropps against militants in Sahel as France mulls changes
• Ethiopia closes camps housing Ertirea refugees in Tigray after reports of attacks
• Nollywood meets Bollywood in love tale ‘Namaste Wahala’
• Kenya has to raise its debt ceiling, finance ministry says
• Ethiopia confirms widespread rape in conflict-hit north
• Digging for victory: Algeria turns to bananas in trade gap battle
• France’s Macron to attend Sahel summit in Chad by video due to pandemic
• South Africa to start vaccinating millions against local covid-19 variant: Ramaphosa
• Sudan cracking down on ex-ruling party after violent protests

Bloomberg
• Ramaphosa says South Africa can’t afford virus relief indefinitely
• Biden faces South Africa push ot extend trade concessions
• Ghana finance minister heads to US for post-covid health check
• Ethiopia politicians in hunger strike urge end to impasse
• Ebola deaths rise to four in Guinea as disease flares again
• Ghana’s energy debt could jump to $12.5 bln if not addressed
• Shell files arbitration against Nigeria over spill dispute
• Thousands rally in Mauritius, calling on govt to step down
• Botswana names Canada firm as preferred bidder for copper mine
• South Africa banks provide funding for Beitbridge border revamp
• Car bomb kills at least 7 near presidential palace in Somalia
• Kenya says it will get first coronavirus vaccines this month
• 60-yr old rand trades far outside South Africa’s borders
• Mars, Nestle among companies named in labor abuse suit
• South Africa is close to pickinig airline partner, Gordhan says
• Nigeria approves creation of $2.4 bln infrastructure firm
• Nigerians can sue Shell in UK over oil spills, top court says
• South Africa’s Ramaphosa heralds end to private power generation hiatus
• Nigeria delays plans to regulate cryptocurrencies and dealers
• Covid-19 crisis grows in Tanzania as president rejects risks

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

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