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Talking Point: South Africa – Forex holdings decline in February
South Africa’s gross reserves declined to $53.8bn in February, while the international liquidity position ticked lower to $51.6bn. According to the press release from the South African Reserve Bank (S...
Weekly Africa Political Risk Report: Overview of the past week’s political developments
Central Africa – Chad’s Deby gets brutal with his election challenger (Mar 2). East and Southern Africa – Cabo Delgado insurgency brings trouble to the region (Mar 3). Egypt – From our Quarterly Updat...
SA Monthly Political Overview: Not all doom and gloom, but some big worries
Over the first few months of 2021, it has not been all doom and gloom for South Africa. The second wave of the Covid-19 pandemic has crested and daily infections are dropping fast. The first vaccinati...
Talking Point: Algeria - Inflation surges in January
Data released by the National Office of Statistics (ONS) indicates that inflation accelerated by more than a full percentage point to 3.8% y-o-y in January – the highest level recorded in more than tw...
Talking Point: DRC – 1.7 million Covid-19 vaccines arrive via Covax
The first batch of Oxford-AstraZeneca vaccines arrived in the DRC this week. The vaccines, which were donated by the Covax facility, amounts to just under two million doses. According to Reuters, “A t...
Talking Point: Uganda – Fiscal deficit for January exceeds budget by 57.1%
The latest Monthly Performance of the Economy report, published by the Ministry of Finance, Planning and Economic Development (MoFPED), indicates that the fiscal deficit was recorded at USh2.2trn, exc...
Talking Point: Namibia – Gloomy economic indicators persist
Several high-frequency data releases published in the past month suggest that the economic downturn continued in Q4 2020. However, encouragingly, some economic indicators and the prices of certain key...
Talking Point: Uganda – Trade deficit widens to record levels
The latest Monthly Merchandise Trade Statistical Bulletin released by the Uganda Bureau of Statistics (Ubos) shows that the trade deficit widened by 36.2% y-o-y in December 2020 to $483.8m – the highe...
SA Daily Economic Report: Morning market update
Optimistic expenditure projections Rand slips in after-hours trading Crude prices surge higher overnight Storm in Texas helped to prop up claims last week
Fixed Income Daily: Bond market and currency metrics for African capital markets
Uganda - Uganda indicated that it is planning to approach international markets for a syndicated loan later this year, shortly after a similar €600m loan was secured in 2020. Last month, Uganda indica...
Economy starting the year on the back foot because of new lockdown measures
We lowered our 2021 economic growth rate projection due to a new surge in confirmed Covid-19 cases and deathsEconomic growth accelerated to a healthy 4.4% in 2019, but we estimate that real GDP contra...
Daily Africa Insight: An overview of today’s key events and developments
Angola – Foreign reserves start 2021 on a firmer footing. Ghana – Private sector picks up more pace despite second wave.
Weekly Africa Insight: Overview of the past week’s political and macroeconomic developments
Africa – Weekly Covid-19 update (Feb 26). Angola – Foreign reserves start 2021 on a firmer footing (Mar 4). Botswana – BoB keeps banking rate unchanged (Feb 26). Central Africa – Chad’s Deby gets brut...
Egypt Quarterly Update: Risks are skewed to the downside, despite positive Q3 2020 real GDP data
Egypt has proven to be one of the most resilient emerging market economies in the face of the pandemic. Recent preliminary figures show that after contracting by just 1.7% y-o-y in Q2 2020, real GDP r...
Featured African Economic Insights
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Supreme Court in #Ghana dismisses opposition leader John Mahama's election petition, upholding President Nana Akufo-Addo's victory in the December polls. Although Mr Akufo-Addo's victory margin was small, the ruling was expected.
.#SouthAfrica’s gross reserves declined to $53.8bn in February. Reserves are expected to decline further this year as commodity prices and an increase in domestic demand add pressure to the import bill.
1.7 million doses of the AstraZeneca Covid-19 vaccine arrived in the #DRC this week.
.#Uganda’s fiscal deficit for January exceeded the budgeted amount by 57.1%, as tax revenues fell and foreign aid dried up in the period surrounding turbulent elections.
High-frequency data releases published in the past month suggest that #Namibia recession continued in Q4 2020.
.#Uganda recorded the worst trade deficit on record during December 2020.
.#Algeria’s CPI inflation rate surged by more than a percentage point to 3.8% in January, driven by food price increases and a weakening exchange rate.
Recovery in #African countries will depend on underlying economic fundamentals, not on achieving herd immunity. abmagazine.accaglobal.com/global/article… @NKCAfrica
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Africa Economic Insight
Get unparalleled economic and political insight into 54 African economies. Download up to three Research Briefings for free. Or, to get unlimited access to NKC African Economics' full database of briefings, commentary, daily analysis, high-quality research and data, request a free trial today.
Sample Country Report
Download a free sample report, highlighting our economic analysis, as well as incorporating our political assessment for Nigeria in 2018.
Bespoke Policy and Scenario Analysis
A detailed scenario analysis of different policy actions the Central Bank of Nigeria could take in response to the foreign exchange liquidity squeeze in 2016, the effects on foreign reserves to be expected under each, and the resulting consequences for firms needing to repatriate profits.