macroafricaintel Daily Brief | 12 Oct

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

Global Markets
• China gains hoist Asian stocks to 2-yr peak
• MSCI Asia ex-Japan up 0.8%, Nikkei down 0.3%
• Yuan down 0.4% after PBOC scraps forwards reserve requirement
• Brent down 0.8% at $42.53 (0347GMT)
• Spot gold down 0.1% at $1,928.06/oz., futures up 0.4% (0329GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Financial Times Africa summit
• Nigeria business survey by statistics bureau; 1st in 22 years
• South Africa manufacturing production Aug-20 [act. -7.9% yy, prev. -10.6%]
• IMF/World virtual annual meetings
• Ghana ruling NPP’s Akufo-Addo & NDC’s Mahama on the campaign trail
• Protests against police brutality in Nigeria cities & diaspora
• Kenya lawyers’ body LSK 12 Oct deadline for dissolution of parliament today
• South Africa state capture inquiry continues
• Covid-19 updates by authorities across the continent
• South Africa mining production Aug-20 [act. -6.2% yy, prev. -9.1%] (13 Oct)
• South Africa retail sales Aug-20 [act. -11.1% yy, prev. -9.0%] (14 Oct)
• South Africa’s Ramaphosa presents economic recovery plan to
parliament (15 Oct)

Key African events or data releases over the weekend & early a.m today
Reuters
• Nigeria’s head of police dissolves controversial special anti-robbery squad
• At least 11 die as migrant boat sinks off Tunisia
• Gunmen abduct Kenyan just acquitted in shopping mall attack trial,
relative says
• Foreign hostages held in West Africa’s Sahel region
• Ivory Coast opposition rallied against President Ouattara’s 3rd term bid
• Nigeria not looking to issue eurobonds, vice president says
• South Sudan families displaced by fighting forced out again by floods
• South Sudan to change currency to improve economy – govt spokesman
• Police fire teargas at Nigerians protesting at alleged brutality,
witnesses say
• Egypt’s Sept inflation of 3.7% could trigger IMF consultation
• EU to offer Mozambique support in tackling insurgency
• Swiss hostage in Mali killed: Swiss foreign ministry
• IMF chief sees $345 bln financing gap for Africa states
• South Africa corruption inquiry to summon Zuma to appear next month
• South Africa’s Denel seeks $231 mln state support
• UN food agency WFP hails peace Nobel as call to action against hunger
• Kidnapped Mali politician, France aid worker & 2 Italians freed

Bloomberg
• Oxfam says IMF loans force spending cuts that exacerbate poverty
• Nuclear plants, cannabis seen spurring South Africa revival
• EM traders cut US election volatility wagers
• Nigeria disbands special police unit after nationwide protests
• Tanzania to get $40 mln payment from Barrick Gold on Oct. 13
• South Africa’s Sasol says Lake Charles shut without damage from
Hurricane Delta
• EU to assist Mozambique in combatting insurgency in LNG region
• Libya lifts force majeure on biggest oil field of Sahara
• Vodacom wins interim order to keep Lesotho operating license
• Guinea-Bissau says nation a ‘Banana Republic’ no more
• Mboweni sees South Africa financial crisis risk by 2024, Fin24 says
• Mauritius hotel group seeks $151 mln funding, L’Express says
• Nigeria pins hopes on first gold project to boost mining sector
• South Africa President Ramaphosa’s foes hit by legal setbacks
• Protests against police brutality spread across Nigeria cities
• Egypt annual inflation accelerates even as food prices fall
• Ivory Coast electoral body rules out delay of Oct. 31 vote
• Uganda court declares syndicated loan illegal in shock ruling
• South Africa province removes health executive over corruption
• South Africa panel orders Zuma to testify on graft allegations
• Latest militia attack in Ethiopia kills 14 civilians
• Militants free Mali opposition leader, 3 Europeans
• Uganda police hunt for mobile money fraudsters after hack

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s