NKC African Economics

Consumer price index (CPI) figures recently released by the General Directorate of Statistics (GDS) show that inflation in Gabon eased ever so slightly in October after rising consistently between Jun...

During the Monetary Policy Committee (MPC) meeting held on November 20, the Central Bank of eSwatini (CBE) decided to keep the policy rate unchanged at 3.75%. This is not surprising considering that t...

IMF staff recently completed a virtual mission to Kenya, to undertake negotiations on a 3.5-year Extended Fund Facility (EFF) / Extended Credit Facility (ECF) arrangement. The EFF assists countries ex...

Looking at the ANC discussion papers Rand trades in a tight range Bullion slips in risk-on trade UK services PMI falls into contractionary territory

Ghana - MPC delivered no surprises with a maintenance of the policy rate at its final convention of the year. In turn, we revised Ghana’s 2020 contraction forecast firmer.

Ethiopia – Abiy Ahmed announces final push on Mekelle. Morocco – Inflation eases as second wave strengthens its grip. Nigeria – GDP continues fall in Q3 as lower oil output weighs. South Africa – Doub...

On Friday, November 20, Moody's Investors Service (Moody's) affirmed Uganda's B2 long-term issuer rating. The rating agency also maintained its stable outlook on the country's credit rating.

The Monetary Policy Committee (MPC) of the Bank of Tanzania (BoT) maintained its policy rate at 5.0% following its recent policy meeting. The MPC noted that the country’s benign inflationary environme...

Tunisia has announced initiatives to support the tourism industry which has been greatly damaged by measures imposed to limit the spread of Covid-19 in this North African country. Tourism Minister Hab...

On Sunday, November 22, Prime Minister Abiy Ahmed tweeted a lengthy statement saying that federal troops have entered the “final and third phase” of their offensive in the northern Tigray region: capt...

Hopes that a fruitful tobacco marketing season would help the economy to avoid a Covid-19-induced contraction in 2020 were dashed when the season officially closed with a disappointing performance, wo...

According to the latest data from the High Commission for Planning (HCP), Morocco’s consumer price index (CPI) inflation slowed to 1.3% y-o-y in October, from 1.4% y-o-y in September. On a m-o-m basis...

Morocco’s slow and gradual economic recovery began in Q3 with real GDP rising by 8.8% q-o-q, after declining by 14.4% q-o-q in the previous quarter. On a y-o-y basis, however, real GDP still contracte...

As widely expected, the economy remained in contraction territory during the third quarter. According to the National Bureau of Statistics (NBS), real GDP slumped by a further 3.6% y-o-y in Q3 followi...