Category Archives: Daily briefs

macroafricaintel Daily Brief | 23 Feb

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

• Nigeria senate conducts hearing on cryptocurrencies. Central bank recently banned banks from crypto transactions. CBN governor & SEC DG summoned.
• Kenya’s Uhuru & Raila campaign for BBI, amid Ruto pushback. Kenya counties debate & vote on BBI bill; 12 approvals thus far, 24 threshold could be crossed Tuesday
• South Africa state capture inquiry continues.Former transport minister Dipuo Peters testifies.
• Guinea begins ebola vaccinations. Vaccines arrived 1-day late due to bad weather.
• South Africa releases Q4-20 labour statistics. Q3 unemployed persons were 6.5 mln, an unemployment rate of 30.8%
• South Africa’s Mboweni delivers 2021 budget speech (24 Feb). Reuters survey suggests deficits expected to narrow to 9.7% of GDP (2021/22), 8.5% (2022/23) & 7.5% (2023/24) from an estimated 13.95% in 2020/21.
• South Africa producer inflation Jan-21 (25 Feb). Forecast is 3.0% yy from 3.0% in Dec-20.
• South Africa central bank releases Jan-21 monetary & credit statistics (26 Feb). M3 (fcst. 9.4% yy, prev. 9.5%), PSCE (fcst. 3.8% yy, prev. 3.6%)
• Kenya releases Feb-21 consumer inflation data (26 Feb). Forecast is 5.5% yy from 5.7% in Jan-21.
• Covid-19 updates by authorities. Focus still on acquisition of vaccines, South Africa already started vaccinations.

Africa headlines: https://www.reuters.com/news/archive/africa
Global headlines:https://www.reuters.com/theWire

macroafricaintel Daily Brief | 22 Feb

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

Global Markets
• Shares turn cautious as bond yields, commodities surge
• UK’s Johnson to plot path out of lockdown today
• Oil rises as US output slowly returns after winter storms
• Brent up 1.2% at $61.67, WTI up 1.3% at $59.98 (0104GMT)
• Gold rises as dollar eases, higher yields cap gains
• Spot gold up 0.3% at $1,787.31/oz., futures up 0.4% at $1,784.20 (0100GMT)

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 counties debate & vote on BBI bill [11 approvals thus far, 13 more needed]
• South Africa state capture inquiry continues
• Guinea begins ebola vaccinations (23 Feb)
• South Africa releases labour statistics (23 Feb)
• South Africa’s Mboweni delivers 2021 budget speech (24 Feb)
• South Africa producer inflation Jan-21 (25 Feb)
• South Africa M3, PSCE Jan-21 (26 Feb)
• Kenya consumer inflation Feb-21 (26 Feb)
• Covid-19 updates by authorities across the continent

Key African events or data releases over the weekend & early a.m today
Reuters
• Libya interior minister’s convoy in shootout he calls assassination attempt
• Somalia’s Jubbaland region rejects national president’s inclusion in election talks
• Seven poll workers killed by landmine as Niger votes in presidential runoff
• Nigeria air force passenger plane crash kills 7 people
• Sudan devalues currency to meet key condition for debt relief
• Sudan took steps to streamline commodities, imports during devaluation – minister
• WHO’s Tedros says he still has no details from Tanzania on its covid response
• Italy authorities rescue 47 migrants after ship capsizes
• eSwatini king says had covid-19, recovered after Taiwan sent drugs
• Mali creates body to open talks with militants
• South Africa advisers back Pfizer covid-19 vaccine after study
• EU envisages 1 bln euros aid to Ivory Coast to meet sustainable cocoa laws
• Ghana approves Russia’s Sputnik V vaccine for emergency use – RDIF
• Two killed as Gabon citizens protest coronavirus restrictions
• Nigeria court freezes Shell accounts ahead of Aiteo lawsuit
• Russia aviation agency cannot confirm Egypt flights to resume
• Belgium creditor looks to seize Air Namibia’s assets
• Ghana expects delivery of around 350,000 AstraZeneca vaccine shots by end of next week
• Somalia govt forces opposition clash in Mogadishu over election protest
• AU says Russia offers 300 mln doses of Sputnik V vaccine
• Three more face charges in graft case against ANC’s Magashule – South Africa prosecutors
• Kenya’s WPP Scangroup shares plunge after CEO suspension
• South Africa’s Massmart plans further store closures, flags wider net loss this year
• South Africa’s economic rebound expected to trim budget deficits
• Violence still raging in South Sudan despite peace deal: UN
• Govts from Mongolia to Mali seek to reopen mining deals
• Egypt’s Sisi offers support to Libya’s new PM

Bloomberg
• Algeria replaces oil minister as discontent over economy grows
• Travel industry sees glimmers of recovery in Africa, Antarctica
• South Africa’s Mboweni must revive economy while trimming budget
• ‘Flexible’ marketing plan needed for Suez Canal, Sisi says
• Nigeria military plan crashes near capital airport, 7 dead
• Senegal set to begin vaccinations with frontline health staff
• Tanzania president now wants citizens to wear face masks
• Upheaval is coming to South Africa over the shift away from coal
• Sudan central bank moves to unify FX rate to aid economy
• Niger voters pick new president in historic runoff election
• South Africa high earners’ exodus may limit room for tax hikes
• Nigeria Instagram star aided North Korea cyber crime, US says
• South Africa – Banks, fund manager push to solve $32 bln Eskom debt crisis
• Angola revokes law banning oil exploration in Okavango basin
• Nigeria court freezes Shell accounts in dispute over oil deal
• Old Mutual’s Zimbabwe unit sees green shoots in ravaged economy
• South Africa adviser proposes Astra shot test for severe covid
• AU secures 300 mln doses of Sputnik V vaccine
• Police seize suspected covid-19 treatment drugs in South Africa
• Top South Afric ruling party official charged with more crimes
• Africa reaches 100,000 known covid-19 deaths as danger grows

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

macroafricaintel Daily Brief | 19 Feb

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

Global Markets
• Biden debuts at G7 with vaccines, economy & China in focus
• Rich nations stockpiling a billion more covid-19 shots than needed: report
• Texas power plants back online, but 325,000 households still in the dark
• WhatsApp to move ahead with privacy update despite backlash
• Asia shares slip from record highs on rising bond yields, weak US data
• Oil drops as investors gauge big chill impact on US refineries, OPEC+ output rise
• Brent down 1.6% at $62.90, WTI down 1.9% at $59.38 (0421GMT)
• Gold slips to over 7-mth low as rising yields dent appeal
• Spot gold down 0.4% at $1,769.03/oz., futures down 0.6% at $1,765.30 (0250GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Nigeria oil minister Sylva on OPEC+ compliance mission to Equatorial Guinea, Gabon, Congo Brazzaville & South Sudan
• Niger holds runoff presidential election (21 Feb)
• Nigeria’s security chiefs meet regional leaders over insecurity, ethnic tensions
• Kenya’s Uhuru & Raila campaign for BBI, amid Ruto pushback
• Kenya counties debate & vote on BBI bill [11 approvals thus far, 13 more needed]
• 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
• Continuity vs. change as Niger votes in presidential run-off
• Pfizer study another worry for South Africa vaccine rollout
• World Bank names first African head of IFC private sector finance arm
• Pfizer plans to test covid-19 vaccine booster targeting the South Africa variant
• At least 18 killed in attacks in Burkina Faso and Mali
• Nigeria economy contracted 1.92% in 2020 – stats office
• Gunmen kill student, kidnap 42 in attack on Nigeria school
• Nigeria fuel subsidy hangover bodes ill for state finances
• Zimbabwe central bank raises main lending rate to 40%
• Zimbabwe starts covid-19 vaccinations, vice-president gets first shot
• Africa covid-19 deaths surpass 100,000 after 2nd wave
• Pfizer says South Africa variant could significantly reduce protective antibodies
• More than 11,000 ebola vaccines expected in Guinea this weekend
• Spain to make quarantine obligatory for travellers from South Africa, Brazil
• Kenya Nairobi airport seen ready to switch from fruit to vaccines

Bloomberg
• Bitcoin nears $1 tln value as crypto jump tops other assets
• South Africa vaccine rollout seen slower after Astra setback
• Guinea to receive ebola shots to quell new outbreak by April
• South Africa seeks to protect freight rail from extreme weather
• US leadership can help end the crisis in Ethiopia
• World Bank makes Diop first African to head private sector’s IFC
• Zimbabwe’s central bank raises key interest rate to 40%
• Nigeria unexpectedly exits recession
• South Africa wary of Sputnik, CanSino shots because of HIV risk
• Zimbabwe court bans mobile operator’s ‘depressing’ covid texts
• Nigeria approves AstraZeneca vaccines for emergency use
• Namibia proceeds with AstraZeneca shot despite covid-19 strain
• Egypt plan to supply Europe LNG gets boost as plant reopens

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

macroafricaintel Daily Brief | 18 Feb

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

Global Markets
• Facebook unfriends Australia
• Researchers urge delay in administering Pfizer vaccine’s 2nd dose, cite strong data
• No electricity, no water, Texans struggle through historic cold with more dark days ahead
• Oil prices climb on fears Texas freeze may hamper US crude output
• Brent up 1.4% at $65.23, WTI up 1.1% at $61.80 (0524GMT)
• Gold prices off 2-1/2-mth low as US treasury yields pull back
• Spot gold up 0.4% at $1,782.64/oz., futures up 0.6% at $1,783.10 (0336GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Nigeria GDP Q4-20 [fcst. -4.2% yy, prev. -3.6%]
• Nigeria GDP FY-20 [fcst. -3.1% yy, prev. 2.3%]
• Nigeria’s security chiefs meet regional leaders over insecurity, ethnic tensions
• Kenya’s Uhuru & Raila campaign for BBI, amid Ruto pushback
• Kenya counties debate & vote on BBI bill [7 approvals, 1 rejection thus far; 24 approvals required]
• 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
• US calls for fair and transparent legal process for ‘Hotel Rwanda hero’
• India to test travellers from Brazil, South Africa, UK after detecting new virus strains
• Gunmen kill student, kidnap 42 in attack on Nigeria school
• South Africa’s Tiger Brands sees 20% recovery in 6-mth profit
• Trial of ‘Hotel Rwanda hero’ begins amid wrangles over jurisdiction
• Workers missing after ArcelorMittal South Africa site accident
• ‘I feel blessed’, says doctor as South Africa launches vaccination drive
• Sudan summons ambassador to Ethiopia for consultations – spokesman
• Nigeria’s president dispatches security chiefs to rescue abducted students
• Zambia scales back projects to reduce debt exposure, central bank says
• Nigeria students design coronavirus care robot
• Hunger increases in South Africa despite covid-19 welfare payments
• Egypt plans reopening of Libya embassy shut since 2014

Bloomberg
• Pfizer shot produces fewer antibodies versus South Africa strain
• Africa nations are already hiking rates with more to come
• South Africa covid variant tied to 16-fold boost in cases in Zambia
• Zimbabwe to register China’s Sinovac vaccine as program starts
• Billionaire Sawiris joins Egypt’s gold rush after rules relaxed
• Ghana pays half its debt to power producers with $750 mln
• Inflation bets put South Africa rate hike back on the table
• Namibia central bank holds interest rate at record-low 3.75%
• Gunmen abduct students, staff from school in central Nigeria
• Zanzibar’s vice president Maalim Seif Sharif Hamad dies
• Bitcoin’s $50,000 FOMO is overpowering bankers
• Illegally imported Cuba covid-19 drug to be trialed in South Africa
• Zambia central bank hikes as it sees inflation risks to upside
• More than 50% of South Africans may have had covid, insurer says

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

macroafricaintel Daily Brief | 17 Feb

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

Global Markets
• Charge dropped against woman who made false claim to cops about Black man in Central Park
• Rising US yields takes edge off stocks rally
• US shale could face weeks of depressed oil production due to cold
• Oil steady amid Texas supply disruptions, potential OPEC+ moves
• Brent up 11 cents at $63.46, WTI down 3 cents at $60.02 (0510GMT)
• Gold drops to near 2-wk low as dollar, Treasury yields rise
• Spot gold down 0.2% at $1,791.36/oz., futures down 0.6% at $1,788.40 (0118GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• South Africa starts covid-19 vaccinations with J&J doses
• ‘Hotel Rwanda hero’ trial starts in Kigali
• Nigeria sells 150 bln naira worth of bonds
• Nigeria’s security chiefs meet regional leaders over insecurity, ethnic tensions
• Kenya’s Uhuru & Raila campaign for BBI, amid Ruto pushback
• Kenya counties debate BBI, vote on bill during the week
• South Africa inflation Jan-21 [fcst. 3.0% yy, prev. 3.1%]
• South Africa retail sales Dec-20 [fcst. -4.4% yy, prev. -4.0%]
• Bank of Namibia decides interest rates [fcst. 3.75%, prev. 3.75%]
• Bank of Zambia decides interest rates [fcst. 8.0%, prev. 8.0%]
• Nigeria GDP Q4-20 [fcst. -4.2% yy, prev. -3.6%] (18 Feb)
• Nigeria GDP FY-20 [fcst. -3.1% yy, prev. 2.3%] (18 Feb)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today

Reuters
• WHO alerts six Africa countries after ebola outbreaks
• Ebola outbreaks in Africa must be stopped, White House says
• Ten years on, Libya revolutionaries live with wounds and unfulfilled dreams
• India detects South Africa, Brazil covid variants
• Africa countries interested in South Africa’s AstraZeneca doses, minister says
• Thousands protest in Algeria, hoping to rekindle mass demos
• South Africa plans to share AstraZeneca shots via African Union
• Citi takes profits in South Africa currency trade
• France rules out immediate troop cuts in Sahel, Chad deploys reinforcements
• Cameroon detains eight soldiers after torture video emerges
• At least 60 killed after passenger barge crashes on Congo river
• Congo averts recession in 2020 thanks to mining sector strength
• Suspected militia leaders plead not guilty to CAR war crimes
• South Africa’s Renergen to start production of ultra-cold covid-19 vaccine storage
• Five dead in new ebola outbreak in Guinea
• South Africa Airways gets $346 mln from govt to pay laid-off workers – statement
• Nigeria annual inflation rises in January as pandemic weighs
• IMF, Kenya reach agreement on 3-yr, $2.4 bln financing package
• South Africa says documentation on Russia’s Sputnik V vaccine submitted to regulator
• WHO sounds regional warning over ebola outbreaks in Congo, Guinea

Bloomberg
• South Africa begins vaccine rollout after J&J shots arrive
• Registration for Sputnik vaccine sought in South Africa
• Upheaval is coming to South Africa over the shift away from coal
• ImmunityBio covid-19 vaccine to be trialed in South Africa
• BNP Paribas to face human rights claims over Sudan work
• South Africa court rules Eskom can recover 10 bln rand in tariffs
• West Africa braces for new ebola outbreak as Guinea cases rise
• Nigeria president replaces head of anti-corruption agency
• Nigeria to convert $25 bln of CBN financing to 30-yr debt
• Macron cautions against reducing Sahel anti-insurgent force
• South Africa offers its AstraZeneca vaccines to African Union
• Ghana plans to relax telecom licensing rules to lower data costs
• StanChart’s Kenya unit to harness customers’ savings as security

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

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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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

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

macroafricaintel Daily Brief | 11 Feb

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

Global Markets
• Yellen eyes innovation to battle misuse of cryptocurrencies, narrow digital gaps
• Dozens of former Republican officials in talks to form anti-Trump third party
• Asia stocks hold at highs, sustained by bottomless stimulus
• Oil drops after strong rally, demand hopes limit losses
• Brent down 0.7% at $61.07, WTI down 0.6% at $58.33 (0350GMT)
• Gold edges lower on dollar rebound, softer US inflation data
• Spot gold down 0.3% at $1,835.99/oz., futures down 0.3% at $1,836.60 (0328GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• South Africa’s Ramaphosa delivers state of the nation address
• Ghana supreme court rules on potential electoral chief testimony
• South Africa manufacturing production Dec-20 [act. -1.3% yy, prev. -3.5%]
• South Africa mining production Dec-20 [act. -0.5% yy, prev. -11.6%]
• Kenya’s Uhuru & Raila campaign for BBI, amid Ruto pushback
• 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
• Twenty UN peacekeepers wounded in central Mali attack
• Kenya Airways receives $92 mln from govt – paper
• South Africa may sell AstraZeneca shots as it switches to J&J vaccine to fight variant
• South Africa’s Gold Fields sees 2020 earnings jump thanks to gold price
• Pfizer could directly deliver covid-19 shot to South Africa vaccination points
• Kenya launches $34 mln project to tacke effects of climate change

Bloomberg
• Paris Club sees private creditor relief varying in G20 plan
• Egypt’s shift to gas-powered driving gets another incentive
• Nigeria court ends freeze on accounts linked to protests
• Russia diamond giant to donate vaccines to Angola, Zimbabwe
• Oxford-AstraZeneca vaccine recommended for all adults by WHO panel
• Uganda unblocks internet, social media after election clampdown
• Kenya banks seen facing more bad loan woes than Nigeria peers
• Hedge funds enter Credit Suisse bribery fight with Mozambique
• South Africa business group urges vaccines, reforms as mood plunges
• Ethiopia Airlines to resume Boeing 737 Max flights after thorough review
• Egypt inflation slows for a 2nd month as food prices fall
• Ethiopia to close two refugee camps damaged in Tigray conflict

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

macroafricaintel Daily Brief | 10 Feb

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

Global Markets
• Asian stocks hit record high, as earnings, stimulus boost recovery
• Twitter says India’s orders to block accounts inconsistent with local law
• Recovery in global trade to stall again in first quarter: UN report
• Oil prices extend rally after surprise fall in US stocks
• Brent up 11 cents at $61.20, WTI up 2 cents at $58.28 (0110GMT)
• Gold firms on faltering dollar, stimulus hopes
• Spot gold up 0.3% at $1,842.41/oz., futures up 0.3% at $1,843.50 (0342GMT)

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 counties debate BBI, some to pass bill during the week
• South Africa state capture inquiry continues
• South Africa’s Ramaphosa delivers state of the nation address (11 Feb)
• South Africa manufacturing production Dec-20 [act. -1.3% yy, prev. -3.5%] (11 Feb)
• South Africa mining production Dec-20 [act. -0.5% yy, prev. -11.6%] (11 Feb)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Ghana parliament shuts down after covid-19 outbreak
• J&J applies for covid-19 vaccine emergency authorisation from South Africa
• India backs AstraZeneca shot despite South Africa halt
• South Africa looking at ways to use AstraZeneca vaccine, advisers say
• eSwatini will not use AstraZeneca vaccine after South Africa trial data
• Suspected militants kill 10 villagers in eastern Congo
• Aid convoy beats blockade to reach CAR’s capital
• Ethiopia says it has secured 9 mln doses of covid-19 vaccines till April
• South Africa to start covid-19 vaccinations with J&J doses
• Darfur rebel leader heads Sudan finance ministry following cabinet shake-up

Bloomberg
• Ethiopia to close two refugee camps damaged in Tigray conflict
• Standard Bank keen to raise Angola stake after partner jailed
• AstraZeneca study lead tells South Africa not to be reckless
• Key House democrat hopeful for US, Kenya trade deals in 2021
• Zimbabwe to get vaccines from China on Feb. 15 to start campaign
• Libya state oil firm to get stopgap funding before 2021 budget
• Nigeria naira weakens to 10-mth low on interbank market
• Ghana stocks seen snapping losing run with banks, oil in demand
• Mota-Engil begins work on $1.8 bln Nigeria-Niger railway
• Nigeria business steps in to buy vaccines while govt dithers
• South Africa’s Astra vaccine snub raises serious questions
• Ivory Coast’s reopened eurobonds get orders triple offer
• Nigeria bond investors sell off to position for higher yields
• EU accuses Eritrea forces of fueling conflict in Ethiopia region

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