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

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