macroafricaintel Daily Brief | 11 Nov

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

Global Markets
• Republicans hint at limited time for Trump to make his post-election case
• Biden says nothing will stop transition as Trump vows new legal action
• Stocks up as vaccine shields against 2nd-wave worries
• Oil gains after stockpile draw amid hopes for coronavirus vaccine
• Brent up 0.7% at $43.92, WTI up 0.9% at $41.72 (0213GMT)
• Gold inches higher on stimulus hopes, virus concerns
• Spot gold up 0.2% at $1,879.31/oz., futures up 0.1% at $1,878.70/oz. (0054GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• South Africa’s ruling ANC scribe Magashule to be arrested over fraud & corruption allegations
• Kenya county governors meet Kenyatta on BBI; to make new proposals
• UN deputy SG Mohammed visits Nigeria (8-11 Nov), Niger, Sierra Leone & Ghana on post-covid recovery efforts
• 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
• South Africa mining production Sep-20 [fcst. 1.9% yy, prev. -3.3%] (12 Nov)
• South Africa releases labour statistics (12 Nov)
• South Africa’s Ramaphosa briefs parliament on a range of issues (12 Nov)

Key African events or data releases yesterday & early a.m today
Reuters
• Post-election clashes in Ivory Coast kill 3, wound dozens, sources say
• Ethiopia arrests 17 military officers for disrupting communications
• Ethiopia offensive kills 550 ‘extremists’ in Tigray: TV
• South Africa police issue arrest warrant for top ANC official Magashule
• Sun International says all South Africa operations have recommenced
• Ethiopia sets conditions for peace talks with Tigray
• Several thousand fleeing conflict in Ethiopia to Sudan: official
• Ivory Coast cocoa purchases hit again by post-election unrest
• Battle-hardy Tigray back in spotlight as Ethiopia conflict flares
• Former Mali president Toure, democratic icon toppled in coup, dies at 72
• Tunisia prime minister says coronavirus deaths may reach 7,000
• Ethiopia’s Tigray conflict worsens, refugees flee to Sudan
• Africa bloc urges ceasefire as Ethiopia claims airport in Tigray
• Ethiopia’s Tigray leader says Eritrea sending troops over border
• Eritrea denies troop incursion into Ethiopia’s Tigray
• South Africa energy regulator puts nuclear procurement on meeting agenda
• Mozambique files charges against ex-finmin over $2 bln debt

Bloomberg
• Zambia on brink of default with creditors set to refuse relief
• Zimbabwe is ‘ready’ to help Mozambique fight militants
• Tanzania opposition leader leaves for exile in Belgium
• EU funds biometric tech used for returning Africa migrants
• Africa reacts to Biden winning the US election
• South Africa president tightens grip as main rival faces trial
• Ethiopia to talk with Tigray leaders only once weapons destroyed
• South Africa’s Sasol rejects demand for shareholder resolutions on climate
• Ethiopia police drawn into nation’s deepening ethnic strife
• South Africa issues warrant of arrest for ANC senior official Magashule
• South Africa manufacturing decline slows on food and drinks
• Mali president who led transition to democracy dies at 72
• Zimbabwe to pick adviser by Christmas to help raise $3.5 bln
• Hedge fund blocks Nigeria in $10 bln P&ID dispute
• Egypt inflation at highest since June on education costs

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

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