NKC African Economics

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) kept the policy rate unchanged at 11.5% and retained all other policy parameters following the July convention. The apex bank i...

De Beers’s production of rough diamonds increased by 134.3% y-o-y to 8.2m carats (ca) in Q2 2021, compared with a contraction 7.7% y-o-y seen in the previous quarter. The massive rise in production ma...

Earlier this month the Arab International Bank of Tunisia (Biat) participated in the euro-digital transfer trial between Europe and Africa. The Banque de France partnered with the Central Bank of Tuni...

Ivorian authorities recently announced that they plan to acquire 3.5 million doses of the Johnson & Johnson Covid-19 vaccine by December. The doses will be purchased through the African Vaccine Acquis...

During their latest meeting, the Monetary Policy Committee (MPC) of the Central Bank of Lesotho (CBL) decided to keep the policy rate at 3.5% and to decrease the net international reserve floor from $...

On Monday, July 26, opposition leader Freeman Mbowe was charged with “terrorism financing and terrorism conspiracy”, according to State Prosecutor Ester Martin. Mr Mbowe is the chairman of the main op...

The shilling stuck to a tight range in July, albeit with a slight depreciatory bias. Year-to-date the local unit has averaged KSh108.5/$, after having slipped to KSh110.1/$ in January – its weakest le...

The two most important figures in Ivorian political life met on Tuesday, July 27, when President Alassane Ouattara received former President Laurent Gbagbo at the presidential palace in Abidjan. The p...

Majority of public sector unions accept wage deal Rand steadies at the mercy of external forces US durable goods orders weaker in June US home prices set new record in May

Nigeria - Despite ongoing price support, with Covid-19 infections still posing a salient risk and oil output disappointing, we anticipate a weak rebound this year (3.1%).

Algeria – Weak currency and drought fuel food price inflation. Ghana – Commitment to local vaccine production as cases rise. Ghana – Central bank holds steady on rates front. South Africa – Unrest and...

The National Statistics Office (ONS) brought out a slew of inflation data releases this month. The data shows that consumer price index (CPI) inflation jumped to 5.7% y-o-y in April – the highest y-o-...

The more transmissible Delta variant of the Covid-19 virus has been driving up infections in Ghana over the past few weeks, according to President Nana Akufo-Addo. During a state broadcast on Sunday,...

The South African economy’s better-than-expected start to the year has been ruined by recent events. Specifically, the third wave of Covid-19 infections and subsequent containment measures put in plac...