Subscription Services
Latest Analysis
Talking Point: South Africa – South Africa loses its final investment-grade rating
Moody’s Investor’s Service has downgraded South African local-currency sovereign credit rating from Baa3 to Ba1, one notch below investment grade, i.e. junk status. The Moody’s rating is now in line w...
Fixed Income Daily: Bond market and currency metrics for African capital markets
Botswana - Significant challenges and uncertainty ahead amid delays to execute fiscal adjustment, a steady erosion of the reserve buffer and production-reliance.
Daily Africa Insight: An overview of today’s key events and developments
Algeria: Drastic public spending cuts announced as disaster looms. Algeria: The wonky wheels of justice. DRC: BCC cuts interest rate and implements relief measure. Mozambique: Islamist militants launc...
Talking Point: Algeria - Drastic public spending cuts announced as disaster looms
On Sunday, March 22, President Abdelmadjid Tebboune announced a series of immediate measures to address the effects of the global coronavirus pandemic and the sharp drop in global oil prices on the do...
Talking Point: Tunisia – Covid-19 spells disaster for the economy
Prior to the Covid-19 outbreak, the year started on a good note. While economic growth slowed to 1.0% in 2019, Tunisia’s debt burden and balance of payments deficit stabilised, inflation declined to a...
Talking Point: DRC - BCC cuts interest rate and implements relief measures
To mitigate the economic impact of Covid-19, the Central Bank of Congo (BCC) cut the benchmark interest rate from 9.0% to 7.5% (reflecting a 150-bps reduction) and committed to implementing the follow...
Talking Point: Nigeria - S&P pulls the trigger, more rating shots likely to follow
S&P Global Ratings decided to downgrade Nigeria’s sovereign credit rating from B/negative to B-/stable on March 26. The agency revised its global oil price assumption sharply lower from $60pb to $30pb...
Growth revised sharply lower with risks still tilted to the downside
The economy ended 2019 on a stronger footing with evidence that activity was gaining some much-needed momentum. However, the dual global demand and supply shocks stemming from Covid-19 and markedly lo...
Talking Point: Mozambique - Islamist militants launch second attack in Cabo Delgado
Islamist extremist militants carried out their second attack in three days in the northern Cabo Delgado province on Wednesday, March 25, targeting the town of Quissanga. As in the assault on the port...
Talking Point: Algeria - The wonky wheels of justice
The hasty conviction of an activist from the hirak – the people’s movement that held mass street protests across Algeria starting in February 2019 until leaders called them off on Friday, March 20, to...
Talking Point: Rwanda - Growth more than halved due to Covid-19 ramifications
The Rwandan economy ended 2019 on a solid footing as real GDP expanded by 9.4% for the year as a whole, according to official estimates. The latest data release by the national statistical agency also...
Weekly Africa Political Risk Report: Overview of the past week’s political developments
DRC: From our Country Annual Profile (Mar 23). Malawi: Strong support for opposition alliance (Mar 23). Mozambique: Terrorists attack town near large LNG projects (Mar 24). Mozambique: Renamo splinter...
Talking Point: West Africa – Mali’s legislative election to go ahead in chaos
Mali is set to hold a legislative election on Sunday, March 29, in a chaotic environment: the north is subject to repeated terrorist attacks, President Ibrahim Boubacar Keïta is under fire for his pol...
Nigeria Quarterly Update: Growth revised sharply lower as oil prices plunge
The ramifications of the coronavirus will hold severe adverse implications for the global economy, and Nigeria will not escape unscathed. The impact of a marked decline in global demand for oil has no...
Featured African Economic Insights
Get unparalleled economic and political insight for 29 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.
See all tweets
Latest Tweets
Moody’s downgrades #SouthAfrica sovereign credit rating to Ba1, one notch below investment grade, i.e. #junkstatus. The rating agency’s faith in the government’s ability to turn the ship around has proved to be misplaced.
.#Algeria President Abdelmadjid Tebboune announced a series of drastic measures, including cutting public spending by 30% in 2020, to mitigate the effects of the global coronavirus pandemic and the sharp drop in oil prices on the domestic economy.
The spread of #Covid-19 is set to suppress trade, tourism, and forex inflows, spelling disaster for #Tunisia’s economy.
.#DRC #BCC cut the benchmark interest rate to 7.5% (reflecting a 150-bps reduction) and committed to implementing relief measures.
S&P downgrades #Nigeria credit rating, similar actions by Fitch and Moody’s likely to follow.
Islamist militants attack second town in three days in #Mozambique's northern Cabo Delgado province on March 25. Escalation in insurgency threatens proposed projects LNG projects in the region, already floundering on lower oil prices and coronavirus fears.
The hasty and visibly unfair conviction of Karim Tabbou has incensed public opinion in #Algeria. The government may think that this matters less at a time of coronavirus-related restrictions, but it will imperil stability in the longer term.
Virus-stricken #African currencies are set for even more pain moneyweb.co.za/news/south-afr… via @Moneyweb
In the Media
- Mar 26 2020
- Mar 23 2020
- Mar 19 2020
- Mar 19 2020
- Mar 17 2020
- Mar 13 2020
- Mar 11 2020
- Mar 10 2020
- Mar 04 2020
- Mar 03 2020
- Feb 23 2020
- Feb 20 2020
Africa Economic Insight
Get unparalleled economic and political insight for 29 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.