NKC African Economics

Central Africa – Mohamed Bazoum is Niger’s new president. Côte d’Ivoire – Inflation surprises to the upside in February. Ghana – Central bank holds rate steady for sixth consecutive time. Kenya – Bid...

An apparent bid to oust Deputy President William Ruto as deputy leader of the ruling Jubilee Party has failed to launch. The party’s National Management Committee (NMC) resolved to remove Mr Ruto for...

Nigerian authorities have reportedly adopted a new flexible exchange rate policy. Finance Minister Zainab Ahmed has announced that the government will start using the rate that had until now been used...

The latest consumer price index (CPI) release by the High Commission for Planning (HCP) shows very low inflation – a boon to a consumer population that has seen its income battered by the Covid-19 pan...

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has decided to keep the policy rate stable at 14.5% for the sixth consecutive time. The decision comes as both local and global economic...

The most recent consumer price index (CPI) data published by the National Institute of Statistics (INS) indicates that inflationary pressures accelerated notably in February. CPI inflation rose from 2...

Niger’s Constitutional Court has confirmed Mohamed Bazoum, the candidate of the ruling Nigerien Party for Democracy and Socialism (PNDS), as the new president. The final count that the Court certified...

Ethiopia - The reputational risks associated with the Tigray conflict continue to pose downside risk to budgetary support and FDI, while the withdrawal of Oromo opposition parties is likely to undermi...

After trending lower for four-consecutive months, foreign exchange reserves (including gold) increased by 9.9% m-o-m to $5.2bn by the end of January. The latter level was sufficient to cover 6.2 month...

Africa – Weekly Covid-19 update, March 19. DRC – CPI inflation eases for the first time in 20 months. Egypt – MPC holds rates in cautionary move. Namibia – Government budget squeezed from both sides....

As of Thursday, March 18, there were a total of 306,324 active Covid-19 cases (confirmed cases minus deaths and recoveries) in Africa – down by 3,211 compared with a week prior. The decrease in active...

After trending lower for four-consecutive months, foreign exchange reserves (including gold) increased by 9.9% m-o-m to $5.2bn by the end of January. The latter level was sufficient to cover 6.2 month...

Trade figures published by the Bank of Tanzania (BoT) indicate that the current account deficit widened by 53.2% y-o-y to $83m in January 2021, from $54m in January 2020. This poor performance can be...

Fitch Ratings affirmed Nigeria’s long-term, foreign-currency sovereign credit rating at B on March 19, maintaining the outlook at stable. The press release noted that the rating is supported by low de...