4 February 2016



Today’s Issue Cluster: Africa

Trucks – Preliminary US orders down 48%
El Niño – Buffets sugar and cocoa
Zika – Is the Next Front in the Mosquito Wars


MAJOR DATA POINTS

US – Dec: Factory orders post biggest drop in a year; -2.9% from -0.7% / R

US – Q4: Productivity Falls; -3.0% from +2.1% / WSJ / AP

US – Q4: Unit labor costs rose; +4.5% from +1.9% / R

US – Week: Jobless Claims Rise; +8k to 285k / WSJ / AP


MARKETS



ECONOMICS

Africa – AfDB steps in to plug funding gap FT *

Africa – Electrification plans are stalling because distributors won’t pay E *

Africa – McKinsey predicts 10 cities with $50b+ GDP / motw *

Botswana – Seeks to reap more than diamond dollars FT * *

Botswana – Losing its sparkle E *

Zimbabwe – Swaps hyperinflation for deflation with use of US dollar FT *

Zimbabwe – Close to striking landmark deal with west FT *

Nigeria – Plunging currency piles pressure reform agenda FT / E *

Kenya – Plans spending cuts to curb surging budget deficit FT * *

Kenya – A rare bright spot in EM gloom FT *


POLITICS & FISCAL POLICY

South Africa – Democracy being sorely tested by Zuma E *

South Africa – Self-inflicted wounds FT * * * *


MONETARY POLICY

SARB – South Africa Raises Key Interest Rate to Buoy Rand WSJ / FT *


FINANCE

Africa – Smartphones pave way for huge opportunities FT / FT *

Africa – Mobile payments race spawns entrepreneurs FT *

Africa – Nigerian groups target ‘100% mobile-first market’ FT *

Africa – Tencent in bid to loosen Facebook’s grip FT *


REAL ESTATE



LABOR & EDUCATION



SERVICES



MANUFACTURING

Trucks – Preliminary US orders down 48% R

Trucks – Sales Downshift at Makers WSJ *

Trucks – US Sales Decline / cr *


TECH



TRADE & TRANSPORTATION

Truck – Companies Throttle Back Expansion Plans WSJ

Truck – ATA Index increased / cr *


COMMODITIES

El Niño – Commodity markets now brace for La Niña FT / B *

El Niño – Buffets sugar and cocoa FT / FT

El Niño – US West snow is boosting hydropower prospects / b *


ENERGY & ENVIRONMENT



HEALTH

Zika – Is the Next Front in the Mosquito Wars BW *

Zika – Drug Industry Starts Race to Develop Zika Vaccine WSJ / FT / B *

Zika – Sexually transmitted case confirmed in TX AP / R

Zika – Australia reports two cases R

Zika – Africa, Asia vulnerable to spread of virus R *

Chikungunya – 1st death in Brazil EFE / SciNews *

Chikungunya – If you get virus this summer, maybe blame El Niño PBS *

Dengue – 241 cases as potentially infectious in Hawaii bin *


ENDNOTE

Number of venomous animals by country bm *


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