macroafricaintel Daily Brief | 11 Dec

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

Global Markets
• Asian shares boosted by vaccines hopes, Brexit deadline casts shadow
• Airbnb hosts see windfall from wild IPO gains
• Spiraling covid-19 cases driving up US layoffs; inflation still benign
• Oil price rally builds steam as coronavirus vaccine rollouts begin
• Brent up 0.2% at $50.36, WTI up 0.3% at $46.92 (0427GMT)
• Gold gains as weaker dollar overshadows US stimulus delay woes
• Spot gold up 0.1% at $1,837.21/oz., futures up 0.2% at $1,841.50 (0531GMT)

Key African events or data releases today
[Posts & comments at my Twitter handles @DrRafiqRaji, @macroafrica]
• Kenya Jamhuri Day (12 Dec)
• South Africa state capture inquiry continues; McKinsey partner testifies
• Covid-19 updates by authorities across the continent

Key African events or data releases yesterday & early a.m today
Reuters
• US says reports of Eritrea troops in Ethiopia’s Tigray are ‘credible’
• Italy prosecutors seek trial for four Egyptians over Regeni murder
• Black lives matter co-founder urges Nigeria to free jailed police protesters
• Nigeria Shell employees orchestrated oil spills for own profit – Dutch TV
• Nigeria needs more naira reform for $1.5 bln World Bank loan, country director says
• US senators seek possible sanctions over Ethiopia conflict abuses
• Cameroon ruling party wins regional polls boycotted by opposition
• South Africa enters second wave of covid-19, says health minister
• South Africa’s Standard Bank sets coal financing criteria as climate pressure increases
• New South Africa airline Lift takes off as pandemic sinks others

Bloomberg
• Congo assembly removes speaker in win for president
• Ghana’s opposition leader Mahama vows to fight vote results
• Terror risks escalate in Africa; coronavirus could make it worse
• Ghana faces hung parliament, with one seat left to count
• Trump says Morocco joining Arab states building ties with Israel
• Libya frees two Russians held on suspicion of election meddling
• Nigeria plans to approve covid-19 vaccine early next year
• Ghana’s main opposition party will contest election
• MTN, Airtel ordered to suspend Nigeria SIM card sales
• Kenya signs post-Brexit trade pact with UK to avoid disruption
• Egypt names first two army-linked firms chosen for stake sales
• Why Africa borrowed billions of dollars from China
• New profit alerts from Nigeria banks have less to do with virus
• Africa e-commerce upstart Jumia looks beyond profit target with plan to spin off logistics
• South Africa’s Renergen patents helium-cooled cases for coronavirus vaccines
• MTN plans sale and leaseback of South Africa tower portfolio
• South Africa audit head finds irregularities in covid relief spending

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

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