China has announced that it will exempt a large number of African countries from import tariffs, aiming to boost trade relations and economic cooperation.

The ongoing conflict in Iran has been cited as a major factor disrupting the supply of international humanitarian aid, impacting Ethiopia and other African countries.

An article highlights that governance reforms are essential for African nations to achieve energy independence.

The Yango Group has unveiled the 2026 cohort for its Yango Fellowship program, selecting 24 participants from over 600 applicants across six African nations. Over 12 weeks, these fellows will develop science and technology-based projects.

Casablanca has become a strategic hub for investment and cooperation between Arab and African nations with the launch of the Maghreb regional office of the Arab Union of Construction and Real Estate Development.

Several African nations are scheduled to meet with the United States to deliberate on the specifics of a bilateral health agreement, aiming to strengthen health cooperation.

A statement from Kindiki emphasizes the necessity for African nations to develop robust digital systems.

Kenya's electricity imports from Ethiopia are detailed, providing data on the energy trade between the two East African nations.

African ambassadors have reaffirmed their strong commitments to China, emphasizing continued cooperation and partnership between African nations and Beijing.

The Algerian President received the President of the Tunisian National Council of Regions and Districts, indicating ongoing diplomatic engagement between the two North African nations.

Kenya, Tanzania, and neighboring countries are in discussions regarding the establishment of a joint oil refinery, with Nigerian billionaire Aliko Dangote reportedly offering to construct the facility.

A governing board has announced the suspension of internship applications originating from three specific African countries.

The US State Department expressed concern over China's alleged pressure on several African countries to revoke overflight clearances for Taiwan's president, calling it an abuse of international civil aviation.

Bangladesh is actively pursuing expanded bilateral engagements and cooperation with various African nations, aiming to strengthen diplomatic and economic ties across the continent.

Lai Ching-te's planned trip to Eswatini has been canceled after three African nations reportedly revoked flight permits without prior notification.

Ghana and Mali have signed a new Memorandum of Understanding aimed at strengthening transit trade and addressing long-standing barriers between the two West African nations.

At the Antalya Diplomacy Forum, Ukraine's representative Sybiha raised concerns during bilateral meetings with African nations about Russia's ongoing recruitment of mercenaries from across the African continent.

China's implementation of a zero-tariff policy is expected to create new trade and economic opportunities for Zimbabwe and other African nations.

An article warns African nations about the 'Iran War' and the need to build sovereignty to avoid being controlled by external powers, particularly concerning mineral exports and energy resources.

China and African nations are strengthening their partnership, joining hands in various initiatives aimed at promoting modernization across the continent.

A visa-free policy across African nations is being urged as a key measure to significantly drive and enhance regional integration on the continent.

Officials from Egypt and Eritrea held discussions focused on enhancing and expanding bilateral cooperation across various sectors between the two African nations.

Individuals are fleeing Sudan and other nearby African nations to Kenya, escaping war, poverty, and sexual violence, as aid workers express growing concerns about the increasing challenges in providing assistance.

The demographic center of gravity for Christianity is moving towards Africa, attributed to high birth rates in African nations contrasting with demographic decline and religious disaffection in Europe and the West.

A recent war has underscored the critical need for African nations to achieve greater energy independence to ensure stability and economic growth.

Pope Leo has begun a ten-day tour that will take him to Algeria, Cameroon, Angola, and Equatorial Guinea, aiming to draw global attention to the needs of the African continent, home to one-fifth of the world's Catholic population.

Several African nations, including South Africa, Egypt, Kenya, and Ghana, are pursuing or planning nuclear power plants, facing varying prospects for success and common public concerns.

During the 32nd commemoration of the Rwanda genocide in Arusha, African nations were urged to prioritize investment in justice and humanity.

The potential renewal of the African Growth and Opportunity Act (AGOA) is seen as a chance to redefine Africa's position in global trade. This offers new avenues for economic development and integration for African nations.

The United Nations has recommended that African countries borrow, boost domestic revenue, and tap into pension and sovereign wealth funds to secure funding for their artificial intelligence initiatives and develop crucial infrastructure for an AI boom.

Economies worldwide, including African nations, the Lithuanian travel sector, and Germany, are experiencing a sharp slowdown, severe fuel shortages, skyrocketing prices, and rebounding inflation due to the Middle East conflict. Businesses in Portugal warn of the grave impact of rising fuel prices, while Austria implements a temporary fuel price brake, and an editorial in France discusses the state's role in addressing the fuel crisis. The conflict is also severely impacting tourism across the Middle East, with millions fewer travelers expected and significant losses in tourist spending.

The 32nd Sidaction campaign, an AIDS prevention initiative, has launched in France to raise funds for programs fighting HIV both domestically and internationally, particularly in African nations.

Several African countries are looking to China's successful rural tourism development strategies as a model for their own economic growth and cultural preservation efforts.

Ghana has signed a defense partnership agreement with the European Union, distinguishing itself from other African nations distancing themselves from the West, in response to increasing Islamist attacks in West Africa.

African nations are reportedly seeing benefits from China's trade policy, according to a report from China Daily.

China has announced new initiatives aimed at bolstering its ties with African nations, following high-level political meetings where key economic policies and development priorities were outlined.

Dangote Refinery has exported 456,000 tonnes of refined petroleum products to five African nations, significantly bolstering regional energy security and reshaping Africa’s fuel supply chain.

As global water scarcity intensifies, Türkiye is gaining attention for its initiatives to advance sustainable water access projects across various African nations.

Ghana’s Minister for Gender, Children and Social Protection, Dr. Agnes Naa Momo Lartey, has called on African countries to fully enforce affirmative action policies to increase women’s participation in public office.

African countries are reportedly looking to gain advantages and opportunities from China's annual 'Two Sessions' political meetings.

Stronger ties between China and African nations are expected to significantly enhance South-South cooperation, fostering collaboration among developing countries.

Resource-rich African nations are increasingly asserting control over critical minerals to maximise domestic returns, sending global prices soaring and exerting pressure on Chinese supply chains. Zimbabwe, Africa’s largest lithium producer, last month abruptly suspended exports of raw lithium minerals and concentrates, moving its 2027 deadline forward. Zimbabwe’s mines minister Polite Kambamura revealed in a post-cabinet briefing on March 3 that following notice of the intended ban, the indus...

African nations are reportedly treading carefully around the issue of their citizens being recruited by Russian networks, indicating a sensitive geopolitical situation.

Three West African nations have emerged as the primary purchasers of arms in sub-Saharan Africa, indicating a significant trend in regional military spending.

Ghana's High Commissioner has advocated for enhanced business collaboration among African nations to foster economic growth and regional integration.

The article discusses the implications of bilateral health data agreements between Washington and African nations, suggesting they undermine multilateral cooperation and global health governance.

An article highlights the importance of economic diversification as a crucial strategy for African nations to ensure their long-term economic stability and resilience.

An article highlights the potential for Senegal and other African nations to leverage China's vast market through zero customs duties, presenting it as a significant economic opportunity.

In this week’s newsletter: we delve into the details of ‘immoral’ health funding pacts between the US and African nations; plus a visual guide to the deadly strike on Minab school in Iran Deadly…

Pakistan is at a pivotal juncture with significant mineral discoveries at Reko Diq and other locations, including copper, gold, and critical minerals. These findings have rekindled optimism about alleviating the country’s external economic challenges. However, possessing mineral wealth alone does not guarantee progress. The experiences of African nations highlight pitfalls to avoid, while Indonesia’s strategic actions offer valuable lessons. Pakistan faces a fundamental decision: whether to s...

Kenyan startups have achieved significant recognition by securing three major innovation awards, outshining other African nations in the field of technological advancement.

Ecobank reports that the risks associated with US tariffs are prompting African nations to shift away from using the dollar.

China's implementation of a zero-tariff policy has been met with a positive reception across various African nations, aiming to boost trade relations.

China has announced that it will apply zero tariffs on imports from 53 African countries starting May 1, a move seen as a significant development in trade relations.

Over 1,000 Kenyans and individuals from 36 African nations have been fraudulently recruited to fight for Russia in the ongoing war against Ukraine.

Futures, Global Markets Rise With US Markets Closed For President's Day Stocks gained, bitcoin tumbled and bonds steadied after Friday's cool CPI data reinforced expectations that the Fed will cut interest rates on multiple occasions this year. With US markets closed for the Presidents’ Day holiday and mainland China’s markets closed for Lunar New Year holidays, trading was muted on Monday. As of 9:00am ET, futures on the S&P 500 added 0.4% and Europe’s Stoxx 600 index rose 0.4% as banking shares rebounded from a sharp decline last week. German bunds and Treasury futures were steady after US yields touched the lowest since December on Friday. The path of US interest rates remains in focus following Friday’s slower-than-expected US inflation print as traders fully price a Fed cut in July and the strong chance of a move in June.   “The backdrop for equities is positive post CPI,” said Andrea Gabellone, head of global equities at KBC Securities. At the same time, there could be “more dispersion ahead as sentiment around key AI-exposed sectors is still very critical,” he added.  That sentiment was echoed by other strategists seeking to distinguish between AI losers and winners. A JPMorgan Chase & Co. team led by Mislav Matejka urged caution on stocks at risk of AI-driven “cannibalization,” including software, business services and media companies. Meanwhile, banks are developing baskets to capitalize on the divergence: as we first reported last Thursday, Goldman launched a new basket of software stocks that goes long firms that will benefit from AI adoption, while shorting the companies whose workflows could be replaced. With AI disruption rippling through markets, a lot will come down to earnings resilience, in particular in the US.  “When you look at the current earnings season, the companies are showing 13% of growth,” Nataliia Lipikhina, head of EMEA equity strategy at JPMorgan, told Bloomberg TV. “Overall, this is the reason why we continue to be positive on the S&P.” Later this week, traders will be watching for ADP private payrolls numbers on Tuesday and the minutes from the Fed’s January meeting on Wednesday for a fresh read on the economy. European stocks gained with bank shares rebounding, after posting their biggest weekly decline since April on worries about disruption from artificial intelligence. The basic resources sector lags, with Norsk Hydro among Europe’s worst performers as both Goldman Sachs and RBC downgrade the stock. Stoxx 600 rises 0.4% to 620.26 with 253 members down, 336 up, and 11 unchanged. Here are some of the biggest movers on Monday:  NatWest shares rise as much as 4%, the most since October, as Citi analyst Andrew Coombs raises his price target on the UK bank to a Street-high. Seraphim Space shares rise as much as 9.2%, briefly hitting a new all-time high, after the space tech investment firm said the valuations of its four largest holdings increased over the final months of 2025. AECI shares rally as much as 6.1%, the most since July, after the South African commercial-explosives maker shared improved 2025 headline earnings per share guidance. Orsted shares rise as much as 3.8% after analysts at Kepler raise the recommendation to buy from hold over the Danish renewable energy firm’s outlook, despite ongoing uncertainty for the industry in the US. Norsk Hydro shares fall as much as 4.4%, extending Friday’s 5.9% earnings-triggered drop, after being downgraded at Goldman Sachs and RBC over disappointments and pricing pressures in the Norwegian aluminum company’s downstream business. Galderma shares slip as much as 2.2% after naming Luigi La Corte as its new chief financial officer following the news back in July that Thomas Dittrich was departing. Pinewood Technologies shares tumble as much as 32%, the most since April 2024, after Apax Partners said on Friday it will not proceed with a possible cash offer for the car dealership software provider. FlatexDEGIRO shares drop as much as 7.2% after BNP Paribas downgraded the online brokerage firm to neutral from outperform, saying the price reflects too much optimism about its market position in Germany. Maurel & Prom shares slump as much as 12%, pulling back after ending last week at a 2015-high, after announcing it is not currently authorized to resume oil and gas operations in Venezuela. Barratt Redrow shares fall as much as 3.7%, leading a drop in British homebuilders after Rightmove said house prices are stalling. Asian stocks slipped for a second day, led by declines in Japan as traders booked profits after last week’s post-election rally. Several markets were closed or held shortened trading sessions for the Lunar New Year holiday. The MSCI Asia Pacific Index was down 0.1%. Japan’s Topix Index fell 0.8%, with Mizuho Financial Group Inc. and Toyota Motor Corp. among the companies contributing to the index’s losses.In Hong Kong, AI model developer Minimax Group Inc. surged as much as 30% to more than four times its original listing price, while competitor Knowledge Atlas JSC Ltd. ended 4.7% higher. The market will be closed until Thursday. As investors across the region begin to reevaluate their bets on its artificial-intelligence-driven rally, traders in Japan cashed in gains driven by expectations of Prime Minister Sanae Takaichi’s proactive spending policies last week.Trading in Singapore ended early Monday and will be shut until Wednesday. Equity markets in mainland China, South Korea, Indonesia and Vietnam were closed.  In FX, the yen is the notable mover in currencies, weakening 0.5% against the dollar and pushing USD/JPY back above 153. The offshore yuan is one of the better performers against the greenback. The Bloomberg Dollar Spot Index rises 0.1%. There is no cash trading in Treasuries due to the Presidents’ Day holiday. European government bonds are little changed In commdities, gold dipped below $5,000 an ounce, as traders booked profits from a gain in the previous session. Bitcoin tried anf ailed to stage a modest rebound; it last traded around $68,275 after posting its fourth consecutive weekly loss, with the cryptocurrency struggling to find clear direction as a weekend rally fizzled once the momentum ignition algos emerged.  WTI crude futures tread water near $62.90 a barrel.  Top Headlines President Trump said there will be voter ID rules in the mid-term elections this year, whether Congress approves it or not, and they will present a legal argument in an Executive Order. Furthermore, Trump said he has searched the depths of legal arguments not yet articulated nor vetted on this subject, and they will be presenting an irrefutable one in the very near future. Iran says potential energy, mining and aircraft deals on table in talks with US: RTRS Pentagon threatened to cut its ties with Anthropic over the company’s insistence that some limitations are kept on how the military uses its AI models: RTRS UK eyes rapid ban on social media for under 16s, curbs to AI chatbots: RTRS Rampant AI Demand for Memory Is Fueling a Growing Chip Crisis: BBG Warner Bros. Weighs Reopening Sale Negotiations With Paramount: BBG Companies Are Replacing CEOs in Record Numbers—and They’re Getting Younger: WSJ Europe aims to rely less on US defence after Trump's Greenland push: RTRS DOJ Tells Lawmakers Epstein File Redactions Complied With LawL BBG For College Applicants, Pressure to Make Summers Count Has Gotten Even Worse: WSJ Fed's Goolsbee (2027 voter) said on Friday that they are still seeing pretty high services inflation, and he hopes they have seen the peak impact of tariffs, while he added that the job market has been steady, with only modest cooling.  The Break Is Over. Companies Are Jacking Up Prices Again: WSJ Trade/Tariffs USTR Greer said the US and Ecuador expect to sign a trade agreement in the coming weeks. China will waive import value-added taxes on selected seeds, genetic resources, and police dogs through to 2030 to increase agricultural competitiveness and breeding capacity. It was also reported that China will grant zero-tariff access to 53 African nations from May 1st, according to Bloomberg. Chinese Foreign Minister Wang Yi told his French and German counterparts that China and the EU are partners, not rivals, while he added that China and the EU should manage differences, deepen practical cooperation and work together on global challenges. A more detailed look at global markets courtesy of Newsquawk APAC stocks began the week in the green but with gains limited following a lack of major fresh catalysts from over the weekend and amid thinned conditions owing to holiday closures in the region and North America. ASX 200 traded marginally higher with upside led by tech, although gains are capped by underperformance in the utilities, mining, materials and resources sectors, while participants also digested a slew of earnings releases. Nikkei 225 traded indecisively with the index constrained by disappointing Japanese preliminary Q4 GDP data, which showed the economy returned to growth but failed to meet expectations with GDP Q/Q at 0.1% (exp. 0.4%), and annualised GDP at 0.2% (exp. 1.6%). Hang Seng finished higher in a shortened trading session on Chinese New Year's Eve but with upside limited by tech weakness amid some confusion after the Pentagon added several companies including Baidu, Cosco, BYD, Huawei, Nio, SMIC, Tencent, and more to a list of Chinese firms aiding the military on Friday, but then withdrew the updated list shortly after it was posted. Furthermore, price action was also restricted by the closure of mainland markets and the absence of stock connect flows, which will remain shut for more than a week. US equity futures kept afloat in quiet trade amid the absence of drivers and participants. European equity futures indicate a mildly positive cash market open with Euro Stoxx 50 futures up 0.1% after the cash market closed with losses of 0.4% on Friday. Asian Headlines Chinese President Xi called for the anchoring of economic growth around domestic demand as its main driver, in a speech during a key policy meeting late last year that was released on Sunday. China is to establish a permanent financial support framework to promote rural revitalisation and prevent a slide back into poverty, which represents a shift from transitional aid to long-term support. China’s market regulator summoned major online platform companies on Friday, including Alibaba, Douyin and Meituan, while it directed them to comply with laws and regulations, and rein in promotional practices, according to Bloomberg. US Secretary of State Rubio and Japanese Foreign Minister Motegi reaffirmed their commitment to deepen bilateral ties. Disney (DIS) sent a ‘cease and desist’ letter to ByteDance over Seedance 2.0 and alleged that ByteDance has been infringing on its IP to train and develop an AI video generation model without compensation, according to Axios. It was later reported that ByteDance said it would curb its AI video app following Disney's legal threats, according to the BBC. RBI tightened rules for loans provided to brokers and proprietary firms in an effort to reduce market speculation FX DXY eked slight gains in rangebound trade after a lack of major catalysts and with US participants away on Monday. EUR/USD was little changed amid the absence of any major macro catalysts and with light newsflow from the bloc, while comments from ECB President Lagarde and news that the ECB is to make its repo backstop available to other central banks across the world, did little to spur price action. GBP/USD held on to most of Friday's spoils but with price action contained by resistance around 1.3650 and following comments from BoE's Mann that the UK economy is sluggish and tepid, with consumers spending less due to being scarred by high inflation. USD/JPY edged higher and returned to above the 153.00 level in the aftermath of the weaker-than-expected preliminary Q4 GDP data for Japan. Antipodeans were mixed with little fresh macro drivers and a lack of tier-1 data from either side of the Tasman. Fixed Income 10yr UST futures traded little changed and held on to last week's spoils after returning above the 113.00 level in the aftermath of the softer US inflation data, while price action was contained to start the week by the closure of US cash markets for Washington's Birthday. Bund futures lacked demand in the absence of any major catalysts and with light newsflow from the bloc. 10yr JGB futures were marginally higher following disappointing preliminary GDP data for Q4, but with gains limited after failing to sustain a brief reclaim of the 132.00 level. Commodities Crude futures were rangebound amid light energy-specific newsflow from over the weekend and after last Friday's indecisive performance, where attention was on a source report that noted OPEC+ is leaning towards resuming oil output hikes from April, but with no decision made. Slovak PM Fico said he has information that the Druzhba pipeline has been fixed after damage in Ukraine, although he believes that supplies to Hungary and Slovakia have become a part of political blackmail. Spot gold took a breather after edging higher in the aftermath of the recent softer-than-expected US inflation data, with price action also contained by the holiday closures across Asia and North America. Copper futures were subdued, with their largest buyer away for more than a week due to the Chinese New Year/Spring Festival holiday. Texas venture-backed startup Hertha Metal vowed mass production of steel with 25% cost savings, which could reduce US reliance on imports. Geopolitics: Middle East US military is preparing for potential operations against Iran that could last for weeks if US President Trump orders an attack and the US fully expects Iran to retaliate, according to sources cited by Reuters. US President Trump told Israeli PM Netanyahu during a meeting in December that he would support Israel striking Iran’s ballistic missile program if the US and Iran are not able to reach a deal, according to CBS. Iran confirmed that indirect talks between the US and Iran will resume in Geneva on Tuesday under the mediation of Oman, while Iranian Foreign Minister Araghchi left for Geneva on Sunday. Iranian diplomat said Iran is open to nuclear deal compromises if the US discusses lifting sanctions, while it was also reported that Iran said potential energy, mining and aircraft deals are on the table in talks with the US. Israel’s cabinet approved the proposal to register West Bank lands as ‘state property’, while Palestinians condemned the ‘de facto annexation’ which Peace Now said likely amounts to a ‘mega land grab’. Geopolitics: Ukraine US President Trump said on Friday that Ukrainian President Zelensky is going to have to get moving and that Russia wants to get a deal. US Secretary of State Rubio said they don’t know if Russia is serious about finding an end to the war in Ukraine and will continue to test it, while it was reported that he met with Ukrainian President Zelensky on security and deepening defence and economic partnerships. Ukrainian drones targeted Russia’s Taman seaport and fuel tanks in the Black Sea region. UK and European allies were reported on Friday to be weighing seizing Russian shadow fleet ships and tightening curbs on Russia's economy. French Foreign Minister Barrot said some G7 nations have expressed a willingness to proceed with a maritime services ban on Russian oil, which they hope to include in the 20th sanctions package that they are actively preparing. Geopolitics: Other European Commission President von der Leyen said that they face the very distinct threat of outside forces trying to weaken their union, while she added that mutual defence is not an optional task for the European Union; it is an obligation within their own treaty, and it is their collective commitment to stand by each other in case of aggression. Pentagon said the US military struck an alleged drug cartel boat in the Caribbean, which killed three people. DB's Jim Reid concludes the overnigt wrap I hope you all had a good weekend. To stay in Winter Olympics mood the family watched "Cool Runnings" last night. I haven't seen it for 32 years. Please don't tell anyone but I had a few tears in my eyes at the end. I blamed it on the hay fever that has now started. There will be a lot of tears out there in markets for other reasons at the moment. Just two weeks ago, the idea of AI-driven disruption still felt like an abstract, almost academic thought experiment—something we could safely revisit once we had clearer evidence of how AI would be deployed and integrated across the economy. Fast forward 14 days, and markets have wiped out well over a trillion dollars of global equity value on the fear that AI could fundamentally reshape business models and compress profitability across a wide range of industries, including software, legal services, IT consulting, wealth management, logistics, insurance, real estate brokerage and commercial real estate. Some of the sell off in “old economy” sectors feels overdone to me. But as I argued in our 2026 World Outlook back in November, the real challenge is that even by the end of this year we still won’t have enough evidence to identify the structural winners and losers with confidence. That leaves plenty of room for investors’ imaginations—both optimistic and pessimistic—to run wild. As such big sentiment swings will continue to be the order of the day. My instinct is that the reaction in things like commercial real estate, for example, has been particularly exaggerated. Markets seem to be extrapolating a scenario in which vast numbers of white collar workers are made redundant almost overnight, leading to a dramatic collapse in office demand. If that view turns out to be correct, we’ll be facing societal challenges far larger than anything currently being priced into equities. While trying to catch a falling knife may be too risky for many, beginning to cushion the descent could be sensible in many old economy sectors. Markets can’t sustain a disruption narrative across multiple sectors for months or quarters without concrete evidence — and that evidence is likely to take much longer to emerge. Fascinating times. As for this week, today is a US holiday but inflation will remain in the spotlight at a global level after Friday's slightly softer US CPI which helped contribute to a decent rates rally to end the week. Prints are due in the US (PCE - Friday), the UK (Wednesday), Canada (Tuesday) and Japan (Friday). Other economic highlights will include the FOMC minutes (Wednesday), Q4 GDP in the US (Friday), as well as the global flash PMIs (Friday). Earnings reports will feature Walmart (Thursday), Nestlé (Thursday) and BHP (today). It's the earnings calm before next week's Nvidia storm. In the US, this holiday shortened week (President's Day today) features a data calendar dominated by releases that were pushed back by last year’s government shutdown. The most consequential updates will land on Friday, when the advance estimate of Q4 GDP arrives alongside December’s personal income and consumption figures—key inputs for shaping expectations for the early part of this year. For markets assessing the underlying pulse of demand heading into 2026, private final sales to domestic purchasers (PFDP) will carry more weight than the headline GDP print. This indicator—closely monitored by Fed Chair Powell—is expected by our economists to slow to 2.0% from 2.9% in Q3, though risks appear tilted upward. One swing factor: Wednesday’s durable goods report, where modest gains outside of transportation could soften the deceleration. On the consumer front, real PCE growth is expected to cool to 2.5% after two quarters of outsized strength but should still signal ample momentum heading into the new year. Friday’s income and spending report will also offer the latest reading on core PCE, the Fed’s preferred inflation gauge. Our economists expect another 0.4% monthly increase for December, lifting the year over year rate to 2.9%. Updated seasonal factors from last week’s CPI release suggest some mild downward pressure on inflation trends in the second half of 2025. Still, January’s CPI data, although softer than we anticipated, do not translate into equivalent relief for core PCE—in fact, our team currently sees another 0.4% gain for January's release (delayed until March 13th). Depending on the strength of medical services, airfare, and portfolio management components in the upcoming PPI report, a 0.5% monthly rise cannot be ruled out, which would push the year over year rate toward 3.1%. So don't get too excited about the softer CPI last week and the huge rates rally. Additional releases this week will help clarify whether recent severe winter weather has disrupted factory sector activity. January industrial production, due Wednesday, should benefit from a jump in utility output, while weather effects may weigh on the Empire State Survey tomorrow and the Philadelphia Fed survey on Thursday. Labor market data will also be in focus, particularly Thursday’s jobless claims, which line up with the survey week for the February employment report. As our economists have pointed out, private nonfarm job gains have averaged 103k over the past three months, slightly above the pace at this point in 2025 and matching the start of 2024. See their latest US employment chartbook here. This week will also feature a dense lineup of Federal Reserve speakers which you can see alongside all the key global data in the day-by-day week ahead calendar at the end as usual. Moving away from the US, inflation will also be in focus in Japan (Friday) and Canada (tomorrow). For the former, our Chief Japan Economist sees the January nationwide CPI showing a slowdown in both core CPI inflation ex. fresh food to 2.1% YoY (+2.4% in December) and core-core CPI inflation ex. fresh food and energy to 2.7% (+2.9%). Also important will be the global flash PMIs due on Friday as a health check on global growth. In Europe, the spotlight will be on UK inflation (Wednesday), with labour market data due tomorrow and retail sales on Friday. Our UK economist expects headline CPI inflation to drop to 3.0% YoY (3.4% in December) and core CPI also landing at 3.0% YoY (3.2% YoY). See more in his full preview here. In terms of key rate decisions, the RBNZ are expected to remain on hold on Wednesday. Finally, the Munich Security Conference wrapped up over the weekend, where key topics included Ukraine, Russia, and the fate of Greenland. And while US Secretary of State Marco Rubio’s speech was nothing like Vice President JD Vance’s at last year’s conference, which triggered a “wake-up” call for European leaders, Rubio reiterated the administration’s view that Europe needed to leave behind its focus on energy policies, trade and mass migration. Recapping last week now, the tech volatility that has dogged markets since the start of the month broadened into a far more indiscriminate sell-off. The trough came on Thursday, marked by a sharp drop in software stocks, but the weakness extended well beyond tech. Companies across wealth management, real estate and financials suffered double digit declines, underscoring how widespread the pullback has become. Market breadth confirmed this shift as the equal weighted S&P 500 fell -1.37% on Thursday, though it managed to finish the week up +0.29% (+1.04% on Friday). Ultimately, the sell-off left the major US indices on the back foot: the S&P 500 slipped -1.39% (+0.05% on Friday), the Nasdaq lost -2.10% (-0.22% on Friday), and the Magnificent 7 slid -3.24% (-1.11% on Friday). Although the AI scare dominated sentiment, a heavy slate of US data also shaped the market narrative. Early in the week, softer prints—including flat December retail sales, a dovish Q4 Employment Cost Index, and slower Q4 growth expectations from the Atlanta Fed—pushed Treasury yields lower across the curve. That picture shifted midweek after a stronger than expected January jobs report, which delivered the largest gain in nonfarm payrolls (+130k vs. +65k expected) since December 2024 and reinforced confidence that the US economy carried solid momentum into 2026. Then on Friday, January CPI came in below expectations, adding another dovish note. Although the data offered mixed signals at times, the overall takeaway was sufficiently dovish for traders to increase the number of expected rate cuts by December 2026 to 63.4bps (+7.7bps on the week). This helped drive the largest weekly drop in the 10 year Treasury yield since August 2025, down -15.8bps (-5.0bps on Friday) to 4.05%. The 2 year yield also moved sharply lower, falling -8.9bps to 3.41% (-4.8bps on Friday), its lowest level since 2022. European markets, meanwhile, delivered a comparatively resilient performance. The STOXX 600 (+0.09%, -0.13% Friday), DAX (+0.78%, +0.25% Friday) and FTSE 100 (+0.74%, +0.42% Friday) all posted modest gains for the week. European sovereign bonds rallied as well, with the 10 year bund yield dropping -8.7bps—its steepest weekly decline since April 2025. That move was outpaced by gilts, which fell -9.8bps (-3.6bps on Friday) despite a sharp early week sell-off triggered by renewed questions surrounding Prime Minister Keir Starmer’s position. Elsewhere, performance was mixed. Brent crude edged down -0.44% (+0.34% on Friday), while gold extended its upward run, rising +1.56% (+2.43% on Friday). Will London’s half term week finally give us a quiet week in 2026? You’d probably have to guess at ‘unlikely’. Tyler Durden Mon, 02/16/2026 - 09:40

China has announced the implementation of "zero" customs duties, effectively opening its doors to African imports. This move aims to boost trade relations and economic cooperation between China and African nations.

China's zero-tariff policy is significantly benefiting African nations by opening its market wider for imports from the continent. This initiative aims to enhance trade and economic cooperation between China and Africa.

Libya, Algeria, and Tunisia have reached an agreement to share groundwater resources from the North Western Sahara, addressing regional water scarcity.

Mr. Alake called for African nations to harmonize mining policies, facilitate cross-border infrastructure, promote intra-African trade, and strengthen regional mineral value chains under the AfCFTA.

China has announced plans to eliminate tariffs on goods from 53 African countries, a strategic move aimed at increasing resource imports and strengthening economic ties with the continent.

Articles discuss the political landscape and future power dynamics in African nations, focusing on the 2027 elections and the ongoing relationships between major parties like the ANC and SACP. The discussions revolve around continuity and political maneuvering.

West African nations are reportedly leveraging Zimbabwe's expertise and resources in hybrid seed production to enhance their agricultural output.

Chinese ports are establishing additional direct shipping routes to Africa, aiming to further strengthen trade relations between China and African nations.

Following xenophobic attacks in South Africa, several African nations, particularly Ghana and Nigeria, have issued warnings to their citizens and called for a unified response. Ghana's High Commissioner urged vigilance and the country relocated one citizen, while Nigerian citizens criticized their government's handling of the situation.

African nations are collectively calling for urgent and decisive climate action, emphasizing the continent's vulnerability to climate change impacts.

China is punishing ESwatini, the only African country recognizing Taiwan, while simultaneously removing tariffs for all other African nations starting May 1st.

A newly established insurance company in Kenya is under scrutiny for allegedly pocketing Sh42 million in a scam related to the African Nations Championship (CHAN).

A scandal has emerged involving the payment of 42 million Kenyan shillings to a "ghost broker" in connection with a CHAN (African Nations Championship) rip-off. The incident highlights alleged financial irregularities.

Taiwan's president was forced to cancel an international trip after several African nations revoked flight permits for Lai's plane, with Taiwan accusing Beijing of exerting pressure to close their airspace.

President Ruto is pushing for reforms in the global financial system, arguing that the current structure is unfair to African nations.

The Taiwanese government claims that Beijing used economic coercion to persuade three African nations to revoke permission for President Lai Ching-te to use their airspace during a planned trip.

France has passed a new law aimed at simplifying the restitution of art and artifacts looted from its former colonies and currently held in public collections, intending to expedite responses to requests from African nations.

Citi has predicted that three African nations—Senegal, Mozambique, and Malawi—are likely to face sovereign debt defaults within the next two years, highlighting economic vulnerabilities.

The director of Jeune Afrique discusses whether African nations require strong leaders, noting that Africans reject European conceptions of democracy, alongside an interview with artist Francisco Vidal.

An article emphasizes the need for African nations to consider the strategic implications of new drone technologies on future warfare to maintain peace and ensure these innovations serve peace rather than conflict.

China and African nations are joining hands in various initiatives aimed at fostering modernization across the continent, strengthening bilateral cooperation and development efforts.

Advocates are calling for the implementation of a continent-wide visa-free policy to facilitate greater integration and movement across African nations.

An analysis suggests that ongoing conflicts involving America are contributing to and worsening the debt burden faced by African nations.

President Volodymyr Zelensky stated that Ukraine is currently in communication with nine countries, including Iraq and African nations, regarding security cooperation matters.

Kenya's affordable housing plan is being presented as a potential model for other African nations to emulate.

Amid global economic uncertainties and declining traditional aid, African nations are being called upon to develop internal financial resilience. The continent faces an urgent need to strengthen its economy in a rapidly changing world.

An analysis from Seneweb emphasizes the critical importance of economic diversification as a safeguard and 'life insurance' for African nations' stability and growth.

Nigerian conglomerate Dangote has significantly increased its fuel deliveries across various African nations, bolstering energy supply in the region.

Former Deputy Transport Minister Daniel Titus Nii Kwartei Glover urged African nations to leverage their growing population for increased intra-African trade and economic integration.

China and Pakistan have proposed a five-point initiative, described as a rational peace blueprint, which also includes a critical call for action from African nations.

Nigeria's Minister of State for Finance, Taiwo Oyedele, advised African countries to prioritize prudent spending alongside revenue generation to achieve sustainable development.

West African nations imported $3 billion worth of rice, even though the region produced 21.8 million tons, highlighting a significant gap between local production and consumption or market demand.

An economist has outlined strategies for African nations to formalize and optimize the use of private savings, potentially unlocking significant development finance for the continent.

African countries are increasingly considering nuclear energy to boost power supply and reduce emissions. However, complex financing, long development timelines, and stringent safety requirements pose significant hurdles, suggesting only a few nations may successfully implement reactors.

An analysis explores whether the current geopolitical climate, particularly the situation involving Iran, could be a catalyst for African nations to reduce their reliance on foreign energy sources.

A secret network of Russian agents and officers, reportedly formed from the former Wagner Group, is accused of stirring anti-government protests, conducting disinformation campaigns, and attempting to influence presidential elections in Angola and other African nations.

Diplomatic tensions have flared between Mali and Mauritania following security accusations, indicating a strained relationship between the two West African nations.

The Nature Conservancy reports that a trio of African countries are currently exploring the possibility of engaging in debt-for-nature swaps. These agreements allow a portion of a country's foreign debt to be forgiven in exchange for commitments to environmental conservation.

The Iran war is causing significant disruptions for airlines, leading to increased jet fuel costs and expectations of more expensive and difficult air travel globally, with African nations particularly vulnerable as the cost of jet fuel changes rapidly.

Amid Middle East disruptions, African nations like South Africa are looking to the Dangote refinery for fuel supply, prioritizing energy security. Read More:…

Guinea, Liberia, and Sierra Leone are reportedly engaging in dialogue to resolve ongoing border disputes, emphasizing peaceful resolution among the West African nations.

The Trump administration is set to require $15,000 visa bonds from visitors from 12 additional countries, primarily African nations with high overstay rates, starting April 12, as part of a broader tightening of legal immigration rules.

International Relations Analyst Ishmael Hlovor emphasized the importance of continental unity for African nations to address challenges in procuring crude oil from Western and Middle Eastern countries.

African governments, including Kenya, are treading carefully regarding the recruitment of their citizens into Russian military networks, with Kenya's foreign minister visiting Russia amid domestic pressure to address the issue without taking a confrontational stance.

African nations tiptoe around recruitment of citizens by Russian networks  Reuters

A report indicates that three West African nations are currently the primary purchasers of arms within the sub-Saharan African region.

Algeria and Tunisia have officially launched a new international bus passenger route, enhancing connectivity between the two North African nations.

Senegal and other African nations are looking to leverage zero customs duties to make the vast Chinese market a significant opportunity for their economies.

Diversification is highlighted as crucial for the economic resilience and 'life insurance' of African nations, enabling them to withstand global economic shocks.

An article discusses the potential economic and political consequences for African nations stemming from the ongoing trade disputes between the European Union and the United States.

President John Dramani Mahama has called on African nations to uphold solidarity and justice, describing countries on the continent as 'each other’s keepers' and urging leaders to protect future generations.

African nations rise as trendy travel destinations  China Daily

President John Dramani Mahama has called on African nations to assert greater control over their development and global standing, emphasizing the continent's need to actively shape its own destiny.

African nations Zimbabwe and Zambia have rejected hundreds of millions of dollars in US healthcare support, with Zimbabwe citing sovereignty concerns over data disclosure requirements.

ECOWAS and the African Development Bank have inaugurated the board for the $15 billion Lagos–Abidjan highway project, a 1,028 km corridor aimed at boosting trade and development across five West African nations.

Pezeshkian states that Iran aims for balanced diplomacy and mutual gains in its relations with African nations.

The Foreign Ministers of Algeria and Tunisia held bilateral discussions in Addis Ababa, focusing on strengthening ties between the two North African nations.

Italian Premier Giorgia Meloni presented the Mattei Plan at the second Italy-Africa summit, describing it as a new chapter in relations between Italy and African nations.

A study by Georgetown University and the Digital Economist reveals that Beijing is leveraging Macau as a bridge to strengthen its ties with Portuguese-speaking African nations like Cape Verde, Guinea-Bissau, and São Tomé and Príncipe.

China's implementation of a zero-tariff policy is creating broader opportunities for African imports into the Chinese market. This initiative aims to boost trade relations and economic cooperation between China and African nations.

South African entrepreneur Vusi Thembekwayo has rejected narratives labeling South Africans as xenophobic, advocating for African nations to prioritize economic unity and practical solutions over divisive rhetoric.

Libya, Algeria, and Tunisia have signed an agreement to jointly manage the vast Sahara Aquifer resources. This collaboration aims to ensure the sustainable sharing and management of water resources across the three North African nations.

African nations are embarking on significant airport expansion projects, driven by increasing tourist popularity and a strategic re-evaluation of aviation hubs influenced by conflicts in the Middle East.

Nigeria's Minister of Solid Minerals, Dele Alake, called on African nations to stop exporting raw minerals and instead foster regional cooperation for value addition.

Ghana has suggested a potential opening from France regarding reparations for slavery, amidst increasing pressure from West African nations on the issue.

The article explores how African nations are influencing a global transition in nature finance, moving away from traditional aid models towards investment-driven approaches. This shift aims to empower Africa in environmental conservation and sustainable development.

India is reportedly shifting its oil procurement towards Russia and African nations as supplies from the Middle East become tighter.

Rwandan President Paul Kagame has urged African nations to prioritize self-reliance as a key driver for the continent's development and progress.

African nations are being encouraged to address financial leakages and mobilize domestic capital to counter the drying up of global funding sources for development projects.

Kenyan Prime Cabinet Secretary Musalia Mudavadi has called for stronger regional unity among East African nations. He emphasized that enhanced collaboration is essential to effectively combat cross-border corruption.

African nations have blocked their airspace to Taiwan's President Lai Ching-te, forcing the cancellation of a visit to Eswatini, Taiwan's last ally on the continent, a move celebrated by China.

China and African nations have pledged to strengthen their diplomatic and economic relationship, signaling continued cooperation between the regions.

Senegal's President Bassirou Diomaye Faye has called upon African nations to move beyond being arenas for geopolitical competition, advocating for greater sovereignty and local industrialization as key strategies to address the continent's security challenges.

Taiwan announced the cancellation of President Lai Ching-te's visit to Eswatini, alleging that China exerted pressure on three other African countries to revoke overflight permissions for his aircraft

Discussions are underway on strategies to confront and overcome the democratic challenges prevalent across various African nations, from Angola to Zimbabwe. The focus is on finding effective approaches to strengthen governance and democratic institutions.

Igoris Gerasimuk, the business development manager for Avia Solutions Group, travels to approximately 20 countries annually, working in diverse markets ranging from closed Central Asian states to rapidly growing African nations.

The HelloSafe Prosperity Index for 2026 has been released, with reports highlighting the Philippines' 36th ranking in an Intellectual Property index due to piracy and penalty gaps. Separately, the index also identified the top 10 richest countries in Africa for 2026.

The newly released iPhone 17 shows significant retail price differences across various African nations, with a full list detailing the cheapest places to purchase the device.

Ghana's Minister for Communication, Digital Technology and Innovations, Samuel Nartey George, has called on African countries to harmonize their positions and strengthen cooperation in preparation for the World Telecommunication Standardisation Assembly (WTSA) 2028.

African nations are examining potential strategies and frameworks to prevent future disputes over the continent's vast ocean resources, aiming for sustainable and equitable management.

China is set to eliminate import tariffs for 53 African nations starting May 1, a move aimed at boosting trade relations.

Reports indicate that the official competition lineup for the Cannes Film Festival 2026 does not include any films from African nations, raising concerns about representation.

Discussions between Niger and Morocco have focused on enhancing bilateral cooperation across various sectors, aiming to deepen the relationship between the two African nations.

African nations are exploring potential actions and strategies to mitigate the impact of the ongoing "Iran war" crisis. Discussions focus on how to manage the regional and economic fallout from the conflict.

An analysis explores whether the ongoing conflict in the Middle East could destabilize African nations through inflation, fertilizer shortages, and increased debt.

African nations, led by Senegal, are emphasizing strong governance and multisectoral collaboration to advance health security across the continent, in preparation for the upcoming One Health Summit in Lyon, France.

A record ten African nations have qualified to compete in the upcoming World Cup tournament. Among the qualifiers are Côte d’Ivoire, Egypt, Ghana, and Africa Cup of Nations finalists Morocco and Senegal.

The United Nations has recommended that African countries borrow and increase revenue to secure funding for their artificial intelligence initiatives.

Algerian President Abdelmadjid Tebboune has received the President of the Tunisian National Council of Regions and Districts. The meeting likely focused on bilateral relations and regional cooperation between the two North African nations.

Key negotiations for a WHO pandemic agreement have been extended due to ongoing disputes, with African nations advocating for equitable access to vaccines and medicines while European countries reportedly hinder profit sharing.

African nations are looking to China's successful rural tourism models for inspiration and development strategies.

West African countries are working to deepen regional regulatory frameworks to accelerate biomanufacturing and reduce reliance on imported vaccines, a key focus at a recent conference.

Botswana has been recognized for outperforming other African nations in the representation of women in leadership positions.

African nations are reportedly recognizing and benefiting from China's trade policies, fostering stronger economic ties.

An article examines the paradox of why African nations continue to import fuel even though the continent possesses extensive oil reserves.

Colombian Vice President Francia Marquez has advocated for enhanced cooperation between Latin American and African nations to foster growth and confront the enduring impacts of colonialism.

South Africa and other African nations seek a fuel deal with the Dangote refinery to secure supplies amid disruptions from the global energy crisis. Read More:…

African nations are looking to gain benefits from China's annual 'Two Sessions' political meetings, indicating ongoing diplomatic and economic engagement.

The implementation of zero-tariff treatment is expected to provide numerous benefits for African nations, fostering economic growth and trade relations.

African nations are cautiously navigating the issue of their citizens being recruited by Russian networks, a sensitive topic with potential diplomatic and security implications.

African nations are cautiously addressing the issue of their citizens being recruited by Russian networks, often under false pretenses of civilian jobs, only to find themselves in active military duty.

Uganda and Tanzania have set a deadline to eliminate trade barriers between the two East African nations.

Three West African nations have emerged as the primary arms buyers in the sub-Saharan African region.

Gulf states are reportedly backing opposing sides in Sudan's civil war, with the broader Middle East conflict contributing to its escalation and spread into neighboring African nations.

Much of the wealthy world is turning its back on Africa, with significant cuts in aid from the US, UK, and EU. This reduction in Western contributions is prompting African nations to increasingly look towards Eastern partners.

The escalation of the conflict in the Middle East presents both economic opportunities and significant risks for several African nations, with risks outweighing potential benefits upon closer examination.

Djibouti has introduced a new carbon emissions levy to finance climate adaptation efforts, potentially serving as a model for other African nations.

President John Dramani Mahama has cautioned African nations against measuring their progress against Western countries, highlighting growing political and social crises in the Global North.

Former President Trump is reportedly showing a new interest in African nations, a shift from his previous stance, driven by the continent's raw materials and security concerns.

African countries, including Zimbabwe and Kenya, are expressing anger and scrutinizing bilateral health agreements negotiated with the US administration, citing concerns over 'lop-sided' funding and data sharing.

Southern African nations are encouraged to harness their natural resources to drive economic growth.

Despite supplying essential minerals for the global tech boom, African nations continue to face challenges in benefiting from these resources, highlighting ongoing economic disparities.

Iran's defense chief has expressed the country's preference for fostering close relationships with independent West African nations.

Russia's foreign intelligence agency, the SVR, has reportedly taken over Wagner Group's African influence operations post-Prigozhin's death. An investigation reveals the SVR now directs political and information warfare, deploying teams across numerous African nations to spread disinformation and advance Moscow's interests. This strategic shift aims to bolster Russia's presence, particularly in the Sahel region.