macroafricaintel Daily Brief | 27 Nov

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

Global Markets
• AstraZeneca faces questions about its success rate
• Inching toward exit, Trump says he’ll leave if Biden wins electoral
college vote
• Global stocks hover near record high, oil skids on demand outlook
• Oil mixed as rally falters over supply concerns, vaccine doubts
• Brent up 9 cents at $47.89, WTI down 69 cents at $45.02 (0104GMT)
• Gold set for third weekly decline as vaccine optimism weighs
• Spot gold down 0.2% at $1,807.86/oz., futures steady at $1,806 (0335GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• AU envoys meet Ethiopia’s PM Abiy in Addis to mediate Tigray conflict, as military assault on region begins
• Central Bank of Kenya’s Njoroge briefs press on MPC outcomes
• 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
• Nigeria court hears blasphemy conviction appeals in northern city Kano
• Sixty km queues as covid turns Kenya border crossing into lorry park
• Africa faces wait for mass covid-19 vaccination – disease control group
• Analysis: Libya rival forces have stopped shooting, but they are not
pulling back
• Burkina Faso President Kabore secures re-election, preliminary results show
• Ethiopia to launch ‘final phase’ of offensive in Tigray region, says PM
• South Africa’s Ramaphosa faces no-confidence vote next week
• Sudan’s former PM Sadiq al-Mahdi dies from coronavirus in UAE
• South Africa’s Western Cape officials warn of covid-19 resurgence
• Kenya’s KCB clinches $40 mln Rwanda, Tanzania deals, eyes DRC

Bloomberg
• JPMorgan favours South Africa domestics over gold, tech stocks
• Lockdowns in South Africa freed township entrepreneurs to thrive
• Libya’s oil comeback has legs even if reliability is in doubt
• Burkina Faso Kabore wins new term in vote marred by insecurity
• Nigeria central bank rule leaves cocoa stranded at ports
• South Africa’s FirstRand, Africa’s most valuable bank, sees profit
rebound as payrolls jump
• Kenya central bank maintains benchmark rate for fifth meeting
• Nigeria to strengthen infrastructure company to boost recovery
• Rwanda seeks $15 mln to secure early coronavirus vaccines
• Uganda sugar millers seek state to help over ‘unfair competition’
• Zambia inflation accelerates to 4-yr high
• Bob Diamond’s African Bank exits two markets as it enters debt talks
• Ethiopia prime minister orders army to move on Tigray capital
• Sadiq al-Mahdi, Sudan premier turned opposition head, dies at 84
• South Africa hospitals warn of virus surge in holiday season

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