macroafricaintel Daily Brief | 5 Feb

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

Global Markets
• Pfizer withdraws application for emergency use of its covid-19 vaccine in India
• World shares close in on record peak as vaccines fuel normalisation hopes
• Dollar outlook still dark, recent strength a blip: Reuters poll
• Oil prices rise to highest in a year on US growth optimism, crude supply restraint
• Brent up 0.7% at $59.24, WTI up 0.8% at $56.65 (0428GMT)
• Gold edges higher; set for worst week in over 2 mths on dollar strength
• Spot gold up 0.1% at $1,794.11/oz., futures up 0.2% at $1,794.70 (0247GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Zero Tolerance for FGM Day (6 Feb)
• South Africa state capture inquiry continues
• Kenya’s Uhuru & Raila campaign for BBI, amid Ruto pushback
• South Africa FX reserves Jan-21 [act. $54.8B, prev. $55.0B]
• Africa heads of state meet for 34th AU summit (6-7 Feb)
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
• UK detects South Africa coronavirus variant in people with no travel links
• ‘You chop her’: Uganda recalls brutal upbringing as LRA child soldier
• Congo parliament selects new speaker, boosting Tshisekedi’s power
• South Africa’s biggest debt counsellor sees spike in calls in January
• UN warns Tigray conflict could spark broader destabilization in Ethiopia
• Uganda rebel commander Ongwen convicted for sex crimes, forced pregnancy
• Shell needs to take hard look at Nigeria onshore oil – CEO
• 16 Africa nations interested in AU vaccine plan
• Gunmen kill 9 soldiers in Mali attack, army says
• Kenya school gives 2nd chance to teen mums forced out of classes
• Nigeria film about northeast insurgency aims at Oscar glory
• Nigeria court issues arrest warrant for head of ExxonMobil Nigeria – EFCC

• Rolls-Royce eyes Africa as new energy market with deals push
• Zambia is done for now with taking over mining companies
• China donates 200,000 covid vaccines to Zimbabwe, president says
• Egypt extends rate pause with eye on global economic risks
• Cheap money is reducing demand from Nigeria firms for IFC loans
• South Africa’s upside revenue surprise may help pay for vaccines
• Investors raise $143 mln fund to target Africa’s food supply
• Gambia record remittances make up for tourism losses, IMF says
• UN security council urges access to war-ravaged Ethiopia region
• Legal showdown ahead in South Africa as Zuma defies court order
• South Africa stocks resist global slump as Sasol extends rally
• China to donate coronavirus vaccines to 3 Africa countries
• South Africa: Johannesburg’s first gas-fired power plants planned by Harith
• South Africa treasury likely to maintain bond auction levels
• Zimbabwe, Zambia hydropower plant upgrade delayed by 2 years

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

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