macroafricaintel Daily Brief | 14 Oct

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

Global Markets
• Asian equities slip as vaccine trials, stimulus talks stall
• MSCI Asia ex-Japan shares down 0.2%
• Nikkei down 0.2%, South Korea’s down 0.7%
• Chinese shares opened in the red too, down 0.3%
• Brent down 8 cents at $42.37, WTI at $40.1
• Spot gold steady at $1,895.04/oz., futures flat at $1,898.30

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Some Nigeria firms close for the week over youth protests for police reforms
• South Africa retail sales Aug-20 [act. -11.1% yy, prev. -9.0%]
• Eritrea’s Afwerki visits Ethiopia; 12-14 Oct
• IMF/World virtual annual meetings; 28 Sep – 22 Oct
• Nigeria inflation Sep-20 [fcst. 13.5% yy, prev. 13.2%]
• 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’s Ramaphosa presents economic recovery plan to
parliament (15 Oct)

Key African events or data releases yesterday & early a.m today
Reuters
• Nigeria’s police vow to stop using force against protesters in wake of deaths
• Death toll in migrant ship accident off Tunisia rises to 17
• Suspected militants kill 25 in central Mali attacks
• IMF sees slower rebound in South Africa’s economy next year
• Extension of G20 debt freeze would be very beneficial – Angola
• Eni seeks World Bank arbitration in Nigeria oilfield dispute
• At least 12 people killed in western Ethiopia
• Tunisia protesters clash with police after man dies in bulldozed kiosk
• Ramaphosa advisors say South Africa debt reduction plans too ambitious
• Turkey exporters complain of new customs delays in Morocco, Algeria
• South Sudan families displaced by fighting forced out again by floods
• Tanzania firefighters battle blaze on slopes of Mount Kilimanjaro
• Malnutrition stalks Congo’s overcrowded prisons
• Pandemic adds to war in keeping Libya children out of school
• Kenya supplier dropped by UK’s Tesco calls for probe into allegations

Bloomberg
• Trump demands plan to pull hundreds of US troops from Somalia
• Trump student visa plan will hurt Africa – and the US
• Renewed clashes in West Ethiopia leave at least 12 people dead
• Online disinformation campaigns undermine Africa elections
• IEA’s Birol sees Libya oil restart potentially lowering prices
• PwC hit by $40 mln lawsuit from Botswana supermarket chain
• Nigeria oil hub braces for protests against police brutality
• Mozambique outlines fund plan for $96 bln gas windfall
• Nigeria’s delayed oil bill to get lawmakers’ backing, Kyari says
• South Africa won’t meet debt targets, President’s council says

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

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