NKC African Economics

The Ivorian economy fought off the worst effects of the Covid-19 pandemic due to the country’s robust agricultural sector and government’s comprehensive health and economic response spending. Strong g...

In a statement released on May 10, the IMF indicated that authorities and Fund representatives reached a “broad agreement” on the macroeconomic framework during the most recent IMF mission, which buil...

The Algerian dinar strengthened by 0.5% m-o-m against the greenback to an average of DZD132.9/$ in April. The currency is now 4.3% weaker than it was during the same month in the previous year. Most o...

Magashule’s suspension confirmed Rand breaks through R14/$ Bullion inches higher on the back of a softer dollar May surveys start with a bang in the eurozone

Uganda - Strong demand for government paper amid comfortable consumer price inflation and signs of economic recovery pushed borrowing costs lower at the latest auction.

Lesotho – Favourable maize harvest expected. Mauritius – CPI inflation just above zero in April. Rwanda – Consumer price inflation records a boost in growth. South Africa – Magashule’s suspension conf...

Base effects and deflation in the food and housing & utilities sub-indices caused consumer price index (CPI) inflation to reach its lowest level in 17 months. According to Statistics Mauritius, CPI in...

The All Rwanda sub-index inflation rate rose by 2.7% y-o-y in April, compared with 1.7% y-o-y recorded in the previous month. This is the first time since mid-2020 that the sub-index recorded an incre...

A ‘special’ meeting of the ruling African National Congress (ANC)’s National Executive Committee (NEC), which started on Friday, May 7, has overwhelmingly endorsed the decision by the party’s National...

The maize and sorghum harvest for 2021 has commenced and production is expected to be above average, according to the Food and Agriculture Organisation of the United Nations (FAO). Lesotho’s cereal pr...

The large decrease in FDI experienced in 2020 has continued into Q1 2021. According to the latest data released by the Foreign Investment Promotion Agency (FIPA), foreign investments fell by 31.9% y-o...

Moody’s skips ratings review US jobs take a breather in April Chinese export momentum remains steady LatAm inflation pressures mostly contained

Côte d’Ivoire - We expect growth to reach 5.9% this year as the primary sector maintains its momentum, while activity in the industrial and services sectors recover.

Africa – PMIs more of a mixed bag in April. Africa – Weekly Covid-19 update, May 7. Egypt – Private sector activity staggers into 2021 Q2. Ethiopia – Ethio Telecom to launch mobile money service. Ghan...