NKC African Economics

Angola - While the threat of lower oil prices still looms large for the country’s debt sustainability, the tentative recovery in oil prices, additional funding from the IMF and participation in the DS...

Africa – Weekly Covid-19 update. Ghana – Trade surplus surprises, decreases only marginally. Kenya – Policy rate on hold as economic activity improves. Kenya – World Bank expects economy to contract b...

At its last meeting for the year, the Central Bank of Kenya’s (CBK) Monetary Policy Committee decided to keep the policy rate unchanged. This was the fifth-consecutive meeting that the central bank ra...

As of Thursday, November 26, there were 280,319 active cases of Covid-19 in Africa (confirmed cases minus deaths and recoveries), up by just over 11,000 in the week., Morocco remains the country on th...

The current account deficit narrowed over the first three quarters of this year on the back of a substantial narrowing in the income deficit, while the surplus on the transfers account increased margi...

According to the latest figures released by the Bank of Tanzania (BoT), the nation’s external balances improved markedly in the first 10 months of 2020: the current account deficit was recorded at $51...

In its latest Economic Update report, the World Bank noted that Covid-19 has battered the Kenyan economy, as containment measures and disruptions severely affected incomes and jobs. According to the B...

Botswana suffered a particularly weak performance in the second quarter of this year, with real GDP contracting by 24.0% y-o-y, significantly worse than our previously forecast deterioration of 16.1%...

The African Transformation Movement (ATM), a fringe political party with only two seats in the 400-member National Assembly (NA), the lower house of Parliament, has moved a motion of no confidence in...

Consumer price inflation raced towards a four-year high of 17.4% y-o-y in November as both food and non-food items recorded higher price growth. Headline inflation jumped by 140 bps as lean season pre...

Mozambique’s current account deficit widened to $1,384m in Q3 2020 compared with $1,047m during the same period in 2019 owing to a significantly wider service deficit.

The consumer price index (CPI) inflation rate increased for the first time in 11 months to reach 7.5% y-o-y in October, compared with the 7.1% y-o-y reading recorded in September. On a monthly basis,...

Egypt – NGOs and diplomats (Nov 25). Ethiopia – Abiy Ahmed announces final push on Mekelle (Nov 23). Ethiopia – Tigray launches more rockets, targets Amhara’s capital (Nov 20). Ethiopia – From our Qua...

Deputy President William Ruto has accused the director of the Directorate of Criminal Investigations (DCI), George Kinoti, of political interference after he opened a raft of cases related to the viol...