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Strong economic performance expected in 2022 as the adverse effects of the pandemic fade
Based on preliminary data, the Ivorian economy expanded by a remarkable 6.5% last year. This flourishing growth was mainly driven by rebounding activity in the industrial and services sectors, while t...
Talking Point: Angola – Inflation accelerates at the start of 2022
The headline inflation rate continued its ascent in January, reaching the highest rate since June 2017, according to the National Statistics Institute’s (INE) latest data release. Consumer price index...
South Africa Weekly Economic Report: Budget comes into focus this week
Parliament’s Standing Committee on Public Accounts (Scopa) confirmed last week that President Cyril Ramaphosa responded in writing to a series of questions sent to him in late January. In it, the comm...
Fixed Income Daily: Bond market and currency metrics for African capital markets
Kenya - Our baseline expectation – as captured in our medium-term fiscal deficit projections – is for an adjustment in the debt ceiling. Failing to do so, a forced, front-loaded consolidation will tri...
Côte d’Ivoire Quarterly Update: Growth to slow in 2022 after base effects boosted last year’s performance
According to preliminary data, the Ivorian economy expanded by a remarkable 6.5% last year. Real GDP growth is projected to slow from last year as base effects from the slowdown in 2020 dissipate. Tha...
Daily Africa Insight: An overview of today’s key events and developments
Egypt – ‘Letters of credit’: a guise for import restrictions? Egypt – Unemployment rate eases in 2021. Mauritius – Tourist arrivals sink further in January. Mozambique – GDP ends 2021 on a subdued not...
Uganda Quarterly Update: Economy opens its doors but remains at risk
The economy recorded a strong performance in H1 2021 but came under pressure during Q3 from the Delta variant. Leading indicators, however, point towards a solid performance in Q4 2021 as economic act...
Talking Point: Zimbabwe – Zanu-PF, rebranded opposition prepare for by-elections
The newly rebranded opposition Citizens’ Coalition for Change (CCC) is crying foul ahead of by-elections, scheduled for March 26, which will see parties compete for no fewer than 133 vacant seats in P...
Talking Point: Tunisia – World Bank loan focused on reforms
Tunisia’s state budget for 2022 is dependent on securing a loan not only from the IMF, but also from other foreign partners. The year got off to a bumpy start for government finances when there was a...
Talking Point: Egypt – ‘Letters of credit’: a guise for import restrictions?
The Central Bank of Egypt (CBE) has announced new import rules which require importers to use ‘letters of credit’, also known as documentary credit, in international trade transactions. These letters,...
Talking Point: Rwanda – MPC increases interest rate for first time since 2012
In its February meeting, the National Bank of Rwanda’s (BNR) Monetary Policy Committee (MPC) decided to increase the benchmark interest rate by 50 bps to 5.0%, on inflationary concerns due to the anti...
Malawi Quarterly Update: Economic recovery stifled by setbacks, adding downside risk to growth projection
We forecast the economy to rebound from the pandemic in 2022 with an expansion of 3.8%. A lacklustre vaccination programme, which kicked off in March 2021, delayed the economic recovery last year. If...
Talking Point: Mozambique – GDP ends 2021 on a subdued note
The Mozambican economy ended 2021 with a whimper, but growth for the year as a whole was still a moderate 2.2% – marginally worse than our estimate of 2.3%. Real GDP expanded by 3.4% in Q4 2021 compar...
Talking Point: Egypt – Unemployment rate eases in 2021
The unemployment rate eased to 7.4% in 2021, from 7.9% in the previous year, according to the latest Central Agency for Public Mobilisation and Statistics (Capmas) figures. A fall in the unemployment...
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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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