Latest Analysis
Talking Point: South Africa – It all boils down to a faster-growing economy
As South Africans awaited President Cyril Ramaphosa’s State of the Nation Address (Sona), the IMF wrapped up its 2021 Article IV Consultation. The Fund noted that South Africa’s economic recovery has...
Talking Point: Nigeria – IMF Article IV Consultation completed
The International Monetary Fund (IMF) recently concluded its Article IV Consultation with Nigeria. The Fund commended the country’s management of the economic and health crises relating to Covid-19, w...
Talking Point: Mozambique – Inflation turns sharply higher in January
The annual inflation rate jumped higher in January, reaching its highest level since October 2017, mainly due to the recent upward adjustments to fuel prices and continued food price inflation. Consum...
Talking Point: Tanzania – Food price inflation hits a four-year high in January
Food price inflation reached its highest level in four years in January, but this was offset by disinflation in the transport, clothing & footwear, furnishing & maintenance, and housing & utilities su...
Weekly Africa Political Risk Report: Overview of the past week’s political developments
DRC – President’s security aide arrested for suspected coup plot (Feb 9). Lesotho – PM Majoro hangs on despite losing ABC leadership bid (Feb 10). Libya – Rival governments, again (Feb 11). Libya – ‘A...
Talking Point: Libya – Rival governments, again
Libya has two prime ministers, and all the elements are in place for a return to conflict between militias with different loyalties. On Thursday, February 10, the House of Representatives (HoR) picked...
Talking Point: South Africa – Sona 2022 | Ramaphosa delivers, can his government?
It has been many a year since a South African president delivered a State of the Nation Address (Sona) worth more than the paper it is written on, but President Cyril Ramaphosa did just that on Thursd...
Fixed Income Daily: Bond market and currency metrics for African capital markets
Morocco - We have trimmed the 2022 GDP growth outlook from 3.5% to 3.2%, partly in recognition of base effects after the 2021 growth estimate was revised from 6.2% to 6.9%. The uptick in real GDP grow...
Daily Africa Insight: An overview of today’s key events and developments
Ghana – Acceleration in inflation likely to force MPC’s hand. Lesotho – PM Majoro hangs on despite losing ABC leadership bid. Libya – ‘Assassination attempt’ on PM Dbeibah. Rwanda – Consumer prices ju...
Weekly Africa Insight: Overview of the past week’s political and macroeconomic developments
Angola – S&P upgrades credit rating to B- (Feb 7). Cameroon – French offer $262m in budgetary support (Feb 7). DRC – President’s security aide arrested for suspected coup plot (Feb 9). Egypt – Tourism...
Talking Point: South Africa – Manufacturing output gives out in Q4
Seasonally adjusted manufacturing output rose by 2.3% m-o-m in December, compared with the 4.9% m-o-m increase in November. On an annual basis, production was lower by 0.1% in December, versus the rev...
Talking Point: South Africa – Mining output suffers broad-based declines in December
Seasonally adjusted mining production fell by 5.3% m-o-m in December. This follows the 3.3% m-o-m decline in output during November. On an annual basis, production dropped by 1.1%. The December figure...
Talking Point: Lesotho – PM Majoro hangs on despite losing ABC leadership bid
Prime Minister Moeketsi Majoro announced on Wednesday, February 9, that he was redeploying a number of principal secretaries and, on the same day, hosted the UN’s resident coordinator. It was the firs...
Talking Point: Rwanda – Consumer prices jump back to inflationary territory
After recording six consecutive readings in deflationary territory, the latest consumer price index (CPI) published by the National Institute of Statistics Rwanda indicates that the All Rwanda index (...
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.#Angola crude #oil production dipped for the second-consecutive month in March. Nevertheless, oil output did improve slightly in Q1 2022 as a whole compared with Q1 2021.
President Ouattara of #Cotedivore has named a vice-president: Tiemoko Meyliet Koné, an economist who has spent most of his career at the West African central bank, the BCEAO. The nomination is positive from the point of view of governance.
.#SouthAfrica headline inflation rate came in at 5.9% y-o-y in March, 0.2 ppt higher than the previous month. The March inflation print was slightly lower than the consensus forecast of 6.0% y-o-y.
In its WEO for April the #IMF makes downward revisions to the global growth outlook in response to the war in Ukraine. #Africa is an exception: the Fund’s view of growth in sub-Saharan Africa is unchanged since October. But the outlook for the price environment is bleak.
Inflation in #Sudan rose to 263.2% y-o-y in March. The October coup d'état has sent the already fragile economy into free fall. Living standards are rapidly deteriorating as prices continue to soar, and 18 million people are at risk of facing food insecurity in coming months.
.#Angola #inflation rate dips slightly in March, marking the second-straight disinflation reading this year. The stronger kwanza should give consumers some reprieve this year.
The number of #tourists visiting #Mauritius rose to 66,066 in March as Covid-19 restrictions were relaxed and pandemic-related fears became more of a faint memory.
The #inflation outlook in #Nigeria deteriorated over the past month as the headline print rose to 15.9% y-o-y due to food and fuel prices pressures. Inflation should continue trending upwards throughout Q2 and Q3, averaging above 16.0% this year.
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