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DAR ES SALAM (Capital Markets in Africa) — Samia Suluhu Hassan was sworn in as Tanzania’s president two days after the death of incumbent John Magufuli, and now faces the arduous task of securing political control of the East African nation. Hassan, 61, took the oath of office at a ceremony in the commercial hub of Dar es Salaam on Friday. She succeeded Magufuli under a constitutional provision that the president’s deputy will serve out…

LAGOS (Capital Markets in Africa) — Warren Buffett’s 15-page annual letter to shareholders on Saturday made mention of the pandemic that ravaged the globe in 2020 exactly once: One of his furniture companies had to close for a time because of the virus, the billionaire noted on page nine. Buffett likewise steered clear of politics, despite the contested presidential election and riots at the U.S. Capitol, and never touched on race or inequality even after…

JOHANNESBURG (Capital Markets in Africa) — South African President Cyril Ramaphosa pledged to intensify efforts to rebuild an economy shattered by the onset of the coronavirus, with vaccine procurement and enhanced energy security among his top priorities. The government has secured 9 million single-shot vaccines from Johnson & Johnson, with 80,000 expected to arrive next week and 500,000 over the next four weeks, Ramaphosa said in a state-of-the-nation address on Thursday. Talks are ongoing to secure sufficient…

LAGOS (Capital Markets in Africa) — Ken Griffin’s Citadel has once again found itself at the center of a WallStreetBets drama, this time over the firm’s holdings of silver. The precious metal has become a popular buying target for retail investors keen to inflict losses on hedge funds, after posts on WallStreetBets claimed the market was ripe for a short squeeze. Yet some members of the Reddit forum have responded with pleas to avoid the trade, saying Citadel stands…

LUSAKA (Capital Markets in Africa) — Zambia is sounding out new investors to buy a majority stake in Mopani Copper Mines Plc after last week agreeing to take over the operations from Glencore Plc. That deal will see the government control Mopani, an asset that has been unprofitable for years but still owe $1.5 billion of debt to Glencore. Selling a majority stake would help state-owned ZCCM Investments Holdings Plcraise about $300 million to further…

LONDON (Capital Markets in Africa) — The Trump administration has imposed sanctions at a record-shattering pace of about three times a day during the president’s time in office: a slew of measures targeting companies, individuals and even oil tankers tied to Iran, North Korea, China, Venezuela and Russia. President-elect Joe Biden’s team is promising a top-to-bottom review of sanctions operations, but don’t expect a significant slowdown on his watch. About seven weeks before the inauguration, Biden’s…