macroafricaintel Daily Brief | 4 Feb

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

Global Markets
• Global vaccine trust rising, but France, Japan, others sceptical
• Pentagon, stumped by extremism in ranks, orders stand-down in next 60 days
• Biden decides to stick with Space Force as branch of US military
• Asia stocks ease on China liquidity worries, stimulus hopes lift US bond yields
• Oil climbs after OPEC+ maintains oil output cuts, US stock draw
• Brent up 0.8% at $58.93, WTI up 0.9% at $56.18 (0317GMT)
• Gold, silver ease as dollar holds firm near 2-mth peak
• Spot gold down 0.6% at $1,822.01/oz., futures down 0.6% at $1,823.90 (0330GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• South Africa state capture inquiry continues
• Kenya’s Uhuru & Raila campaign for BBI, amid Ruto pushback
• UK-Africa fintech summit (virtual; 3-4 Feb)
• South Africa FX reserves Jan-21 [prev. $55.0B] (5 Feb)
• African Union summit (6-7 Feb)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• UN warns Tigray conflict could spark broader destabilization in Ethiopia
• ICC to hand down judgement against former Lord’s Resistance Army commander
• IED kills 4 Tunisia soldiers in mountain region
• Botswana must diversify to reduce dependence on diamonds – president
• Uganda orders 18 mln doses of AstraZeneca’s covid-19 vaccine
• Guinea says China will donate 200,000 covid-19 vaccine doses
• Nigeria’s Kaduna pairs with Zipline for drone-delivered covid vaccines
• Bulk of loans in South Africa’s covid crisis scheme to stay untapped, say banks
• Shipbuilder in Mozambique debt scandal says made payments to now-President Nyusi
• South Africa Airways could exit administration this month, govt says
• Children in Burkina Faso undergo historic heart surgeries
• Mobile operator Africell secures Angola telco licence
• Tunisia expects covid-19 vaccines from GAVI alliance mid-Feb – minister
• Uganda opposition say 3,000 of their supporters seized since November

Bloomberg
• Tunisia says it’s now or never for painful overhaul of economy
• Nigeria judge issues arrest warrant for chief of Exxon unit
• Africa to start receiving vaccines from Covax by end of month
• South Africa companies to help fund, facilitate vaccine rollout
• Zambia currency’s 42-day losing streak not about to end
• South Africa’s $13 bln virus stimulus is way short of target
• Moderna offers South Africa vaccines in first for continent
• South Africa panel to lodge criminal complaint against Zuma

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

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