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Talking Point: Sub-Saharan Africa – Sadc forces in Cabo Delgado, Rwandans make gains
On Monday, July 26, Botswana deployed 296 troops to Mozambique’s northern Cabo Delgado province as part of the Southern African Development Community (Sadc) action to fight the Islamist insurgency in...
Talking Point: Mozambique – New batches of vaccines raise hopes for faster rollout
As of July 29, the official number of active Covid-19 cases in Mozambique has surged to 29,179 – an increase of 670% since the end of June. The majority (about 70%) of new confirmed cases are being re...
Talking Point: South Africa – Trade surplus record beaten again in June
Goods exports rose by 1.8% m-o-m in June to reach R166.5bn, while imports declined marginally by 0.1% on the month, which resulted in South Africa recording a R57.7bn merchandise trade surplus. This i...
Talking Point: Namibia – Faster vaccine rollout needed to inject life into tourism
Although Namibia’s tourism industry has recovered from the depths of the Global Lockdown in Q2 2020, tourism figures are still trending well below pre-pandemic levels and could continue to do so until...
South Africa: Economic growth revised lower to 3.8% for 2021 as unrest and third wave grip the country
The third wave of Covid-19 infections and the containment measures put in place in response, together with riots and looting that took place in KwaZulu-Natal and Gauteng, have cancelled the positive m...
Talking Point: Africa – Weekly Covid-19 update, July 30
The number of total active cases of Covid-19 (confirmed cases minus death and recoveries) in Africa was up again this week, reaching 656,968 on Thursday, July 29. While the third wave of infections ha...
Talking Point: Nigeria – Black market rate plunges after CBN directive on BDCs
The parallel market rate plunged to N525/$ from N503/$ this week amid fears of deepening hard currency drought conditions in the informal segment of the market. This followed the surprise announcement...
Talking Point: Angola – Prodesi reaping some rewards after three years
Exports under the Programme to Support Production Diversification of Exports and Import Substitution (Prodesi) amounted to $24m during H1 2021, according to statistics released by Angola’s Ministry of...
Talking Point: Uganda – Oil development gets underway
Following the signing of agreements earlier this year, Uganda has finally started to move from the exploration phase to development. According to the latest available data from the Bank of Uganda (BoU...
Talking Point: Egypt – Moody’s: credit profile reflects improved shock resilience
Moody’s has affirmed Egypt’s sovereign credit rating at B2 with a stable outlook. The ratings agency noted that the ongoing pandemic and volatile external liquidity conditions continue to place the co...
Talking Point: Cameroon – IMF board approves new three-year programme
On Thursday, July 29, the IMF issued a statement confirming that its staff-level agreement with Cameroon has been approved by the Fund’s executive board. The statement comes a day after the Fund annou...
Côte d’Ivoire Quarterly Update: Strong growth and trade rebound projected despite slow vaccine rollout
Côte d’Ivoire’s economy performed fairly well in 2020 despite the pandemic, as real GDP growth reached 1.8%. This economic expansion was driven by primary and tertiary sector activity, while the secon...
Weekly Africa Political Risk Report: Overview of the past week’s political developments
Côte d’Ivoire – Ouattara-Gbagbo meeting is good news for stability (Jul 28). Ethiopia – Escalating regional tensions disrupt trade route (Jul 29). Ethiopia – Afar region mobilises in response to TDF a...
SA Daily Economic Report: Morning market update
Credit extension to corporates deteriorate in June Rand gains as Fed remains dovish A hot US economy led by domestic demand Euro strengthens as US dollar recedes
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.#Egypt's Purchasing Managers’ Index (PMI) came in at 49.9 points in June, up slightly from 48.6 points in May. Although this marks an improvement, the index remains slightly below the 50-point level, signalling a continued contraction in the non-oil sector.
Prime Minister Abiy Ahmed tells #Ethiopia's parliament that federal troops completed a strategic withdrawal from Tigray rather than being displaced by a rebel advance. Meanwhile, the TPLF has laid out the conditions for it to accept a ceasefire.
.#Kenya PMI came in at 51 in June, down from the 52.5 recorded the month before.
.#Lesotho’s economy contracted by 13.8% in Q1 2021 compared with a contraction of 9.4% in Q4 2020, as stricter lockdown restrictions in January take their toll.
Violent pro-democracy protests have rocked the kingdom of #eSwatini for a week now. The state has muzzled the media and imposed an internet shutdown, making reporting on the situation difficult. Dozens of people have reportedly been killed.
Private sector sentiment declined to a 14-month low in #Ghana in June. This deterioration is largely due to rising cost pressures as fuel, transportation and wage costs in the country continue to rise.
As #Namibia suffers through a terrible third wave of #Covid19, credit extension growth and other high-frequency economic indicators have remained lacklustre in the first five months of 2021, which dims the growth outlook for this year.
Due to the imposition of a 42-day lockdown in #Uganda its private sector activity nosedived in June as measured in the latest purchasing managers’ index (PMI).
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