Latest Analysis
Fixed Income Daily: Bond market and currency metrics for African capital markets
Mauritius – The domestic inflation outlook remains benign, given tepid cost-push pressures and an expected moderation in growth after a poor Q1 GDP showing. We anticipate that monetary authorities wil...
Daily Africa Insight: An overview of today’s key events and developments
Angola: Inflation remains on steady disinflation trajectory. Cameroon: IMF approves $76.2m disbursement. Morocco: Household confidence dwindles as prospects look bleak. Mozambique: Inf...
Talking Point: Zambia – Downbeat mining output draws government’s attention
Data released by the Ministry of Mines on Thursday, July 18, indicated that copper production slumped by 4% y-o-y to 393,419 tonnes during 2019 H1. Mines Permanent Secretary Paul Chanda ascribed the s...
Talking Point: Cameroon – IMF approves $76.2m disbursement
The IMF Executive Board has approved a $76.2m (SDR55.2m) disbursement for Cameroon, bringing the country’s total credit received under the programme to $514.5m (SDR372.6m). The disbursement forms part...
Talking Point: Morocco – Household confidence dwindles as prospects look bleak
The Household Survey from the High Planning Commission (HCP) revealed that household confidence continued to dwindle in the second quarter of this year. This is the fourth consecutive quarter that the...
Talking Point: Angola – Inflation remains on steady disinflation trajectory
The National Statistics Institute (INE) has released June’s consumer price index (CPI) report, which showed that inflation continued on a downward trajectory. The national headline reading edged lower...
SA Weekly Economic Report: Key developments for the week ended 19 July
The JSE All Share Index ( 1.1%) rallied this morning in response to yesterday’s repo rate cut to 6.5%. Gold mining shares, particularly Harmony ( 3.9%), Goldfields ( 3.5%), and Sibanye ( 3.4%) shone b...
Talking Point: Mozambique – Inflation keeps on surprising to the downside
The National Institute of Statistics (INE) released June’s consumer price index (CPI) data which showed that inflation continues to slow. According to the INE, CPI inflation was recorded at 2.3% y-o-y...
Egypt: GDP growth reaches its highest level in over a decade, while energy reforms come to an end
Economic growth recorded its highest level in over a decade, reaching an estimate of 5.6% in the 2018/19 FY (fiscal year, starting July 2018). While headwinds persisted both globally and domestically,...
Ivory Coast: Research Briefing: West Africa – Climate not yet right for the eco
Ecowas has agreed to adopt a common regional currency by 2020. The so-called eco will reportedly be a flexible exchange rate supported by an inflation targeting regime. While there are undoubtedly sig...
Uganda: GDP growth to remain strong at 6% this year, supported by the multiplier effects from public infrastructure investments
GDP growth moderated in Q1 2019, to 5.6% y-o-y from 6.8% y-o-y in the previous quarter. The notable decline in GDP growth was largely due to weaker performances by the industrial and services sectors....
Weekly Africa Political Risk Report: Overview of the past week’s political developments
Ghana: From our Quarterly Update (Jul 17). Ethiopia: Infighting in the ruling coalition portends instability (Jul 12). Kenya: More hints on constitutional changes for referendum (Jul 15)....
SA Daily Economic Report: Morning market update
MPC decides to cut the repo rate by 25bps Jobless claims likely to hold near this bottom Retail to remain source of strength despite softer Q2 Further drop in exports to weigh on growth
Ghana: Economy starts the year on a firm footing, supported by rising oil output
GDP growth eased to 6.7% y-o-y in Q1, as a marked slowdown in agricultural output growth braked the overall economy slightly. Industry, meanwhile, continues to perform well, supported by rising oil ou...
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Latest Tweets
The appointment of a new finance minister in #Zambia signals a softening stance towards the challenges faced by the private sector. Meanwhile, the 2019 GDP growth revision reflects concern for mining sector difficulties.
Social media activism goes #BlueForSudan businesslive.co.za/fm/features/af… via @BusinessLiveSA
#Cameroon IMF approves $76.2m disbursement, bringing total disbursements under the three-year Extended Credit Facility arrangement to $514.5m (SDR372.6m).
#Morocco household confidence drops significantly in Q2; prospects appear bleak as living costs and unemployment expected to rise over the next year.
#Angola’s inflation rate declines further to 16.93% in June. Exchange rate depreciation quickening over the past couple of months and fiscal revenue mobilisation efforts are the biggest upside risks to the inflation environment over the short term.
#Mozambique #inflation rate ticked down further to 2.3% in June. Despite this being the lowest reading since August 2015, we do expect considerable upside pressure during H2.
#SouthAfrica No surprises as the Sarb opts to cut the repo rate by 25 bps to 6.5%. The benign inflation environment and weak economic outlook paved the way for monetary policy loosening.
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