macroafricaintel Daily Brief | 9 Oct

By Rafiq Raji, PhD
Twitter: @DrRafiqRaji, @macroafrica

Global Markets
• Markets to inch up as US stimulus talks restart
• Gold up on news as well, spot up 0.3% at $1,898.31/oz. (0054GMT)
• Oil rallies on Gulf of Mexico storm-induced production shutdown
• Potential oil supply cuts by Saudi Arabia & Norway also a factor
• Brent down 9 cents at $43.25 (0152GMT), after up more than 3% Thursday

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Ghana ruling NPP’s Akufo-Addo & NDC’s Mahama on the campaign trail
• Protests against police brutality in Lagos, Nigeria
• Kenya lawyers’ body LSK 12 Oct deadline for dissolution of
parliament to be in focus
• South Africa state capture inquiry continues
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• Kidnapped Mali politician & France aid worker freed: presidency
• Blacks still pay more than others for home ownership – MIT study
• Ivory Coast police rescue 11 children working on cooca farms
• Tanzania opposition leader says facing repression as election nears
• Mali coup leaders free former prime minister, generals
• Nigeria informal retailers turn tech-savvy to stock up amid pandemic
• Nigeria, South Korea make last round of WTO chief race
• Uganda police probe hacking of mobile money processing firm
• Sub-Saharan Africa to contract 3.3% this year, World Bank says
• 18 Burkina Faso nationals die in Ivory Coast bus crash

Bloomberg
• Militants free Mali opposition leader, 3 Europeans
• Uganda police hunt for mobile money fraudsters after hack
• Ivory Coast police rescue 11 children working on cocoa farms
• Nigeria to bolster spending in 2021
• Rwanda hands forest reserve management to African Parks in bid to
attract tourists
• Tribunal absolves Nigeria of liability in $1.5 bln oil field claim
• Botswana central bank cuts key interest rate to record low
• Kenya president unlocks $3.4 bln in funding for counties
• Indebted countries may face long negotiations after China’s aggressive lending
• Ghana to save $3 bln under new energy accord with Cenpower
• World Bank sees sub-Saharan Africa GDP rebounding in 2021
• Nigeria lawmakers approve plan to borrow $11 bln in 2021
• Impala approached over stake in giant Zimbabwe platinum project

N.B. Full stories of above headlines are available on Reuters & Bloomberg

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