macroafricaintel Daily Brief | 21 Oct

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

Global Markets
• Asian stocks set for modest gains as tech woes check stimulus hopes
• Oil down after US inventory build feeds oversupply fears
• Brent down 0.5% at $42.94, WTI down 0.7% at $41.47 (0035GMT)
• Gold prices gain on weaker dollar, stimulus hopes
• Spot gold up 0.3% at $1,912.11/oz., futures steady at $1,916.40/oz.

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Bank of Namibia decides interest rates [fcst. 3.5%, prev. 3.75%]
• Guinea presidential election provisional results expected
• Curfew & protest ban in Nigeria’s Lagos, after youth protests turn violent [Govt briefing on reported shootings by soldiers expected]
• Ghana AfCFTA conference; 20-21 Oct
• South Africa’s Mabuza responds to questions in parliament
• Ghana raises fuel prices
• IMF SSA economic outlook briefing (22 Oct)
• IMF/World virtual annual meetings; 28 Sep – 22 Oct
• Ghana ruling NPP’s Akufo-Addo & NDC’s Mahama on the campaign trail
• 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
• At least 2 hit as soldiers fire on Nigerians protesting police
brutality in Lagos: witnesses
• Lagos imposes indefinite curfew to curb Nigeria protests, police
deploy anti-riot squad
• Guinea President Conde ahead of rivals in election
• Nigeria’s Lagos governor orders investigation into reports of
shooting: spokesman’s tweet
• ICC prosecutor says Bashir & other suspects must face justice over Darfur
• Netflix turns to telecoms tie-ups in challenging Africa markets
• South Africa trims high risk country list, but adds Germany
• Nigeria’s battered farmers to get $20 mln to aid crop output
• France activists say 100,000 hurt by Total’s Uganda oil operation
• Mali soldiers air drop provisions to village besieged by suspected militants
• Nigeria police chief orders immediate deployment of anti-riot police
unit, spokesman says
• Sudan strains surface as US pressure triggers debate on Israel
• Suspected militants free 1,300 prisoners from east Congo jail
• Nigeria’s Lagos imposes 24-hour curfew amid protests against police
• Botswana sees 7.7% growth in 2021 on diamond industry recovery
• Swelled by rain and Covid curbs, locust swarms ravage Ethiopia
• Zambia adjourns creditor meetings to defer eurobond payments
• South Africa investigates Covid-19 contracts for corruption
• Sudan has transferred compensation for US bombing victims: cenbank
• South Africa stock exchange fines Steinhoff for breaching listing requirements
• South Africa’s Pick n Pay ventures into difficult Nigeria market
• Guinea opposition candidate claims victory, violence erupts

Bloomberg
• The US & Europe are heading for a clash over their preferred
candidates to lead the WTO
• Former Burundi president gets life sentence for 1993 bloody coup
• Zambia debt-relief votes postponed with default clock ticking
• Nigeria pays oil majors $3 bln, moving closer to ending dues
• South Africa’s Sibanye weighed M&A deals before Gold’s rally boosted values
• Uganda plans to spend $53.6 mln on three roads in mineral-rich eastern DRC
• Losses mount from Nigeria police brutality protests
• Sudan to get funding after terror delisting, minister says
• South Africa stocks fall as Standard Bank update weighs on lenders

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

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