Features

LAGOS (Capital Markets in Africa) — Sanctioned Israeli billionaire Dan Gertler can once again access the U.S. financial system after the Treasury Department approved authorization in the waning days of the Trump administration. The U.S. sanctioned Gertler and his companies in 2017 for allegedly corrupt mining and oil deals in the Democratic Republic of Congo, one of the world’s poorest countries. At the time, the Treasury said Gertler worked as a middleman between multinational companies…

LAGOS (Capital Markets in Africa) — Moderna Inc. said its vaccine will protect against two known variants of the Covid-19 virus, but it plans to start human studies of a booster shot for a strain from South Africa that may cause immunity to wane more quickly. In laboratory tests, Moderna’s vaccine produced antibody protection against the B.1.1.7 strain first identified in the U.K. at levels comparable with older forms of the virus. But against the…

LAGOS (Capital Markets in Africa) — Cryptocurrency enthusiasts counting on Bitcoin to bounce back above the $40,000 level face a challenge due to faltering demand for the biggest fund tracking the digital asset, according to JPMorgan Chase & Co. The pace of flows into the $20 billion Grayscale Bitcoin Trust “appears to have peaked” based on four-week rolling averages, JPMorgan strategists led by Nikolaos Panigirtzoglou said in a note Friday. The fund slid 22% over the past two weeks…

LONDON (Capital Markets in Africa) — The U.K. said its coronavirus vaccine rollout will accelerate with the opening of seven regional centers at sports and conference venues this week, amid warnings hospitals are struggling to cope as cases surge. Health Secretary Matt Hancock said Sunday the U.K. is “on course” to meet its vaccine target with more than 200,000 people receiving doses every day and the total now stands at about 2 million. The government…

LAGOS (Bloomberg Opinion) — This is one of a series of interviews by Bloomberg Opinion columnists on how to solve today’s most pressing policy challenges. It has been condensed and edited. James Gibney: About two weeks ago, more than 300 schoolboys were freed after being abducted from a boarding school by gunmen in northwest Nigeria, an incident that drew widespread media attention. What do this episode and its murky resolution tell us about Nigeria and…

JOHANNESBURG (Capital Markets in Africa) — The new coronavirus strain that emerged in South Africa is even more problematic than a mutated form that prompted new lockdowns across much of the U.K., health authorities said on Monday. “I’m incredibly worried about the South African variant,” U.K. Health Secretary Matt Hancock said on BBC radio Monday, citing a conversation over the Christmas holiday with his counterpart in South Africa. “One of the reasons they know they’ve got a…