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

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