macroafricaintel Daily Brief | 13 Nov

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

Global Markets
• Republicans urge Trump to allow Biden briefings as US election
challenges sputter
• No voting system deleted or lost votes in US election: security groups
• Asian stocks fall as virus spread accelerates
• China president Xi Jinping decided to halt Ant’s IPO: WSJ
• Oil falls as Covid-19 spike stokes fuel demand fears; still set for
big weekly gain
• Brent down 0.8% at $43.17, WTI down 1.0% at $40.72 (0118GMT)
• Gold holds steady as virus wave offsets vaccine hopes
• Spot gold steady at $1,876.92/oz., futures up 0.1% at $1,874.50 (0044GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Nigeria finmin Ahmed chairs finance bill 2020 public consultation
• 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
• UN says 11,000 have fled Ethiopia to Sudan, 50% of them children
• Explosion in Ethiopia’s capital injures one man
• Nigeria case against JP Morgan over OPL 245 oil deal to go to trial
• Ethiopia says 242 TPLF activists caught planning ‘to sow chaos’
• Egypt transgender woman faces uphill battle against stigma
• Nigeria expects more Benin Bronze returns as soon as next year
• Ghana’s former president Jerry John Rawlings has died at the age of 73
• Ethiopia claims big advance in Tigray, suffering worsens
• 8 peacekeepers, including 6 Americans, killed in Egypt’s Sinai
helicopter crash
• South Africa’s unemployment rate reaches record high above 30%
• South Africa president says travel to all countries will be allowed
• Ethiopia parliament lifts prosecution immunity for Tigray leader
• Zimbabwe journalist Chin’ono denied bail after 2nd arrest
• ‘Humanitarian e-commerce’ thrives in Somalia amid pandemic
• Ethiopia to set up ‘transitional’ rule in parts of Tigray: minister
• 7 Burkina Faso soldiers killed in ambush of presidential election
• Ethiopia claims ‘liberation’ of west Tigray, humanitarian crisis looms
• Kenya’s KCB to restructure a fifth of its loans this year, says CFO
• Petra Diamonds investigates charges Tanzania subsistence miners abused
• Marubeni to pull out of South Africa coal-fired power plant project
• Ethiopia’s PM says bodies of tied military personnel found in Tigray
• Ivory Coast president and opposition to pursue talks amid deadly standoff
• South Africa should aim to cover 10% of population via COVAX, advisors say
• Food aid, medical supplies blocked from Ethiopia’s Tigray, UN warns
• More than 10,000 people fled Ethiopia conflict to Sudan, official says

Bloomberg
• Yield mania gives breathing space to indebted emerging markets
• Zambia stares down the default barrel with key creditors to vote
• South Africa to deport Dutch arms dealer tied to Charles Taylor
• South Africa’s Eskom ordered to rectify pollution issues at three power plants
• European firms say South Africa’s poor utilities deter investment
• South Africa’s Old Mutual CEO sees strong recovery for insurance firm
• Egypt cuts rates for 2nd time in boost for virus-hit economy
• Biggest Kenya bank pauses Ethiopia entry on virus uncertainty
• JP Morgan to reveal bankers who approved suspicious Nigeria oil payments
• Nigeria stocks surge most since 2015, trigger circuit breaker
• Zimbabwe’s Hopewell Chin’ono denied bail over graft claims
• Ghana ex-military ruler turned democrat, Rawlings dies age 73
• ‘We can’t be beaten’, says president of rebel Ethiopia region
• 7 peacekeepers killed in Egypt Sinai helicopter crash, officials say
• Ethiopians donate blood, money to back incursion in rebel region
• G-20 looks to deepen debt relief drive with China’s coordination
• European firms say South Africa’s poor utilities deter investment
• Ghana forces Eni to merge oil field with local firm’s discovery
• South Africa’s unemployment rate swings back to 17-yr high
• IEA cuts oil demand outlook as vaccines won’t rescue market soon
• Africa’s largest economy Nigeria to rectify continent-wide trade zone
• Egypt’s focus on local sugar is bad news for European exports
• AU appeals for calm in disputed Sahara region
• South Africa takes steps to stop regional covid surge spreading
• Nigeria probes protesters under terror-financing law
• Boeing confident in China with thousands of jet orders forecast
• Zimbabwe under investor pressure to end gold sales monopoly

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

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