Africa Risk-Reward Index

Botswana – Inflation remain moderate in September which, in our assessment, paves the way for another rate cut in the short term. We consider demand-side pressures to be somewhat dormant this year whi...

Tunisia: Kaïs Saïed is the new president.

Kaïs Saïed will become Tunisia’s next president – the fifth since the country’s independence and the second to be directly and democratically elected. Official results have not yet been published but...

SAA open to outside investment Modest gain in eurozone industrial activity not enough to lift hopes Chinese exports and imports decline further amid gloomy outlook ZAR trades in a tight range

Zambia – Our year-end projection is for inflation to trend above 12% y-o-y, thereafter dragging negative momentum into the new decade. While the acceleration in headline inflation is almost entirely d...

Ethiopia: On the usefulness of Nobel prizes. Gabon: Fourth and fifth review progress under IMF EFF. Ghana: Fitch affirms rating with public finances on track. Rwanda: Price pressures u...

IMF representatives visited Gabon to discuss Article IV consultations and the fourth and fifth reviews of the country’s extended arrangement. The extended arrangement forms part of a three-year Extend...

On Friday, October 11, the Norwegian branch of the Nobel Prize Committee – the branch tasked with anointing the year’s peacemaker – announced that Prime Minister Abiy Ahmed had been awarded the peace...

Fitch Ratings has affirmed Ghana’s long-term foreign-currency Issuer Default Rating (IDR) at B/stable. In general, the agency highlights that the rating balances the country’s favourable growth prospe...

Price pressures rose markedly in September on account of a doubling in food price inflation. The All Rwanda sub-index rose by 4.6% y-o-y in September compared with a 2.8% increase in August, while the...

Trade truce could offer SA some reprieve Oil propels US import prices up, underlying pressure still tame Benign US CPI as core cools ZAR rallies on partial US-China trade deal

Kenya – Our base view is for a notable quickening in cost-push inflation this quarter to carry upward momentum in 2020, dominated by food supply dynamics and the lingering effect of exchange rate pass...

Botswana: Seismic shift in politics underway as election looms. Egypt: Consumer price inflation falls to seven-year low. Tanzania: Price inflation drops again in September. Uganda: Ben...

Consumer price inflation eased for the fourth consecutive month in September, reaching its lowest level in almost seven years. According to the Central Bank of Egypt (CBE), consumer price index (CPI)...