macroafricaintel Daily Brief | 30 Oct

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

Global Markets
• Shares falter again, but Asia poised to end October with near 4% gain
• Oil edges up, but set to post 2nd monthly fall on virus spread
• Brent up 15 cents at $37.80, WTI up 10 cents at $36.27 (0451GMT)
• Gold firms as dollar dips, coronavirus concerns grow
• Spot gold up 0.5% at $1,875.76/oz., futures up 0.5% at $1,877 (0357GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Ivory Coast holds general elections (31 Oct)
• Kenya’s Ruto tours Murang’a (Mt Kenya), amid accusation of youth
radicalisation by opponents
• South Africa balance of trade Sep-20 [prev. ZAR 38.87B]
• Nigeria FX reserves Oct-20 [prev. $35.8B]
• Kenya senate leadership holds retreat on BBI, devolution, Covid-19,
etc. in Naivasha
• AU-backed Ethiopia GERD negotiations continue
• 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
• Ivory Coast former president Gbagbo breaks silence to warn of
election ‘catastrophe’
• Africa must prepare for 2nd covid wave, disease control group says
• Clashes between Ethiopia state kill 27 amid border dispute
• UN judge orders medical exam for Rwanda genocide suspect Kabuga
• At least 140 Europe-bound migrants drown off Senegal coast – UN
• South Africa’s wage freeze plan hinged on “difficult” negotiations, says Fitch
• Tanzania’s opposition candidate calls election a ‘travesty’
• A post-election crisis could scupper Ivory Coast’s economic gains
• Suspected militants kill 18, torch church in east Congo
• Ivory Coast struggling to sell 2020/21 cocoa mid-crop – sources
• South Africa aims for national airline to fly again in first half of 2021
• US cites ‘credible allegations’ of fraud in Tanzania election
• Foot and mouth disease outbreak spreads in Namibia

Bloomberg
• Relatives of Ethiopia 737 Max crash victims demand US records
• France prosecutor: Nice killer Tunisian, entered from Italy
• Ivory Coast’s Gbagbo seeks pre-vote talks to avoid instability
• Africa review panel slams ratings firms for Covid-19 downgrades
• South Africa stocks swing lower as weaker rand drags on banks
• WTO leadership race upended by Trump now hinges on US election
• Tanzania opposition calls for protests against election results
• Kenya’s finance, farming may attract most foreign capital flows
• Zambia inflation accelerates for 2nd straight month
• Top Africa bank goes ‘customer-centric’ in executive revamp
• Senegal leader dissolves cabinet including finance chief’s post
• Africa insurer Old Mutual to expand business in China
• Mastermind of raid on Mali’s Radisson Blu gets death sentence
• Unrest in Nigeria lifts lid on deep-rooted social discontent

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

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