macroafricaintel Daily Brief | 26 Oct

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

Global Markets
• Asian shares subdued as S&P slips, virus surges
• Oil falls as Covid-19 case surge stokes demand concerns
• Brent & WTI down 1.7% at $41.07 & $39.16 respectively (0353GMT)
• Gold hits over 1-wk low as dollar gains ground
• Spot gold down 0.1% at $1,898.28/oz., futures down 0.3% at
$1,899.30/oz. (0347GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Nigeria businesses open in Lagos, after order restored & easing of curfew
• ECOWAS & AU delegation in Guinea over post-election violence
• Ghana ruling NPP’s Akufo-Addo & NDC’s Mahama on the campaign trail
• South Africa state capture inquiry continues
• South Africa’s finmin Mboweni delivers medium term budget policy
statement (28 Oct)
• Tanzania holds general elections (28 Oct)
• US Prosper Africa digital press briefing (29 Oct)
• Ivory Coast holds general elections (31 Oct)
• South Africa consumer inflation Sep-20 [fcst. 3.2% yy, prev. 3.1%] (28 Oct)
• South Africa M3 Sep-20 [fcst. 11.8% yy, prev. 10.9%] (29 Oct)
• South Africa PSCE Sep-20 [fcst. 4.2% yy, prev. 3.9%] (29 Oct)
• South Africa producer inflation Sep-20 [fcst. 2.4% yy, prev. 2.4%] (29 Oct)
• Covid-19 updates by authorities across the continent

Key African events or data releases over the weekend & early a.m today
Reuters
• Seventh child dies as Cameroon reels from shooting attack on school
• Russia sends more military equipment to CAR: RIA
• Guinea’s Conde wins presidency with 59.5% of vote: election commission
• Militants from Mozambique staged deadly attack in Tanzania, police say
• Tanzania: Zanzibar opposition campaign manager says he was
threatened by armed men
• Seychelles opposition wins presidency for first time in 43 years
• Embattled South Africa chief resigns along with four board members
• Gunmen storm school in Cameroon, killing at least six children
• Nigeria anti-police protesters must enter dialogue, minister says
• Deal to normalise ties with Israel stirs opposition in Sudan
• Nigeria police mobilize to quell worst unrest in two decades
• Ethiopia summons US ambassador over Trump comments in dam dispute
• Israel envoys will travel to Sudan for normalisation deal, Netanyahu says
• Palestine President Abbas condemns Israel-Sudan ties
• Iran says US-brokered Sudan-Israel deal secured by ‘ransom’
• Egypt begins voting to elect new parliament
• Ethiopia says it will not cave to ‘aggression’ in dam dispute
• Mali says troops regain control of village besieged by militants
• Gunfire and barricades in Guinea as president heads for third term
• Egypt’s Sisi welcomes normalising of ties between Sudan and Israel – tweet
• Warring Libya rivals sign truce but tough political talks ahead
• Nigeria’s Ogu calls on players to boycott games amid unrest
• Burned-out buildings and armed gangs in Nigeria’s Lagos despite
president’s plea
• Rwanda court denies ‘Hotel Rwanda’ hero Rusesabagina bail, extends detention
• First Tripoli-Benghazi flight for a year follows Libya talks
• Guinea President Conde wins re-election in landslide: preliminary results
• Nigeria’s president urges end to protests but remains silent on
demonstration shooting
• Afreximbank ready to raise up to $5 bln for Covid-19 vaccines for
Africa: CDC head
• Pro-Sisi party set to lock in control as Egypt head to polls
• Refusing to wear a mask in Ethiopia could cost you 2 years in jail
• US urges restraint after shooting of protesters in Nigeria
• Mali’s ousted president returns home after treatment abroad
• Botswana approaches World Bank for budgetary support
• South Africa’s Click Group aims to sell Covid-19 vaccine once
country gets access
• South Afriac’s cabinet approves export tax on chrome ore
• S&P cuts Zambia credit rating to “selective default”

Bloomberg
• Nigeria protests over police killings draw warning from Buhari
• Wealth tax among Mboweni’s options to fund South Africa’s budget
• South Africa & Eskom: Africa’s only atomic plant bets $1.2 bln on a 2nd life
• Egypt’s biggest listed bank slumps after chairman steps down
• Seychelles elects Wavel Ramkalawan as new president
• Ivory Coast president blames challenger for Dabou killings
• UBS cuts ties with Ivory Coast clients, SonntagsZeitung reports
• Zimbabwe collects revenue over target in 3rd quarter
• Dana Gas agrees to $236 mln sale of Egypt assets to IPR
• Egypt debt attracts more foreigners as holdings double since May
• South Africa’s rail expansion plan links Soweto to Johannesburg
• Sixteen killed in Ivory Coast town ahead of presidential vote
• Police deployed to halt looting across Nigeria after protests
• Algeria president starts quarantine: Al Arabiya TV
• Guinea’s Conde secures 3rd term in vote marred by violence
• Ethiopia slams pressure after Trump remark about destroying dam
• Somalia lawmakers approve all members of nation’s new cabinet
• Libya oil output set for 1 mln barrels daily as ports reopen
• South Africa may ring-fence Transnet’s irregular spending: BD
• Ivory Coast exporters halt cocoa purchases over pricing dispute
• Nigeria eases curfew in Lagos after protests abate
• Trumps says Israel & Sudan reach peace accord, after UAE deal
• South Africa’s Transnet reports $617 mln of irregular spending
• Libya UN mission says warring sides agree to permanent truce
• Nigeria’s rising tensions aren’t yet touching vital oil industry
• Nigeria hire litigation firm Franklin Wyatt for Eni dispute
• South Africa business leaders urge ‘tough budget’ to trim fat
• Guinea govt deploys army to quell post-election protests
• Africa’s top insurer refocuses on home base after deal misfires
• Our lives matter, Nigeria protesters say over police killings
• Nigeria president urges end to protests, warns state will act
• Zimbabwe capital shutters main water plant on chemical shortage
• IMF names representative to Zambia in sign of thawing ties
• Africa to fall behind world growth as region faces slow recovery
• Eritrea president accused of crimes against humanity in Sweden
• Congo Republic plans to settle domestic debt ahead of 2021 vote
• Ivory Coast mulls talks between election rivals ahead of vote
• South Africa sounds alarm over resurgence in virus cases

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

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