macroafricaintel Daily Brief | 16 Feb

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

Global Markets
• Asia share rally keeps global bull run on track
• Dollar in doldrums as vaccines fan recovery bets
• Oil prices climb as deep freeze shuts US oil wells, curbs refineries
• Brent up 0.6% at $63.65, WTI up 1.4% at $60.29 (0434GMT)
• Platinum extends rally to near 6-1/2-year peak on recovery hopes
• Spot gold up 0.3% at $1,824.02/oz., futures up 0.1% at $1,824.10 (0335GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Sahel leaders confer on security in N’Djamena; France’s Macron attends via video (15-16 Feb)
• Nigeria’s security chiefs meet regional leaders over insecurity, ethnic tensions
• Nigeria inflation Jan-21 [act. 16.5% yy, fcst. 16.4%, prev. 15.8%]
• Kenya’s Uhuru & Raila campaign for BBI, amid Ruto pushback
• Kenya counties debate BBI, vote on bill during the week
• 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)
• Bank of Namibia decides interest rates [fcst. 3.75%, prev. 3.75%] (17 Feb)
• Bank of Zambia decides interest rates [fcst. 8.0%, prev. 8.0%] (17 Feb)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Guinea tracks potential ebola contacts, says it can overcome new outbreak
• Cameroon detains eight soldiers after torture video emerges
• At least 60 killed after passenger barge crashes on Congo river
• South Africa asks Serum Institute to take back 1 mln vaccine doses – report
• Nigeria’s Okonjo-Iweala makes history as head of WTO
• South Africa’s Zuma could be jailed after no-show at corruption inquiry
• Former soccer executive on trial at ICC for CAR violence
• Steinhoff’s former auditor Deloitte to pay $85 mln to settle certain claims
• Congo’s Tshisekedi appoints new PM, further sidelining Kabila
• Ebola vaccination campaign begins in DRC
• Robots at reception: South Africa hotel turns to machines to beat pandemic
• Zimbabwe receives 200,000 doses of Sinopharm covid-19 vaccines
• KPMG’s South Africa arm to stop offering “non-audit-related services”
• Shell files int’l arbitration against Nigeria over oil spill case
• Retailer Shoprite sees half-year profits growing by up to 22.5%

Bloomberg
• Zimbabwe receives vaccines donation from China
• Gulf fund raises $75 mln for mideast, North Africa startups
• Burundi, Tanzania seek to raise $1.9 bln for railway project
• IMF, Kenya reach staff-level agreement on $2.4 bln loan
• WTO formally picks Okonjo-Iweala as its first female leader
• DRC president names mining company CEO as prime minister
• Zuma defies South Africa court order, faces contempt charge
• Rand’s world-beating rally masks South Africa’s fiscal risks
• Rebel Liberia commander accused of cannibalism faces landmark Swiss trial
• Sibanye mulls boosting platinum metals output in South Africa
• KPMG to end consulting services for South Africa listed clients
• Kenya eyes $2.27 bln eurobond in shift back to foreign debt
• Sudan accuses Ethiopia of incursion, escalating land dispute
• Shoprite sales growth slows as South Africa liquor bans weigh

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

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