NKC African Economics

Egypt – Inflation eases in December as Covid-19 tightens its grip. eSwatini – Cross-border travel restricted as Covid-19 cases rise. Namibia – Modest import bill contains current account deficit. Rwan...

The operating environment for new vehicle dealers remains tough. According to the National Association of Automobile Manufacturers of South Africa (Naamsa), a total of 37,493 new vehicle sales were re...

According to data from the Central Bank of Egypt (CBE), consumer price inflation decelerated to 5.4% y-o-y in December, from 5.7% y-o-y in November. This largely reflects disinflation in the fruits &...

After slamming on the brakes in November, consumer price index (CPI) inflation continued to ease throughout December. The All Rwanda sub-index measured at 3.9% y-o-y in the last month of 2020, which m...

New lockdown restrictions have been implemented in eSwatini on 9 January 2021, as new Covid-19 cases pass the 200-a-day mark. The new measures are aimed at restricting the spread of the Covid-19 pande...

According to the Macroeconomic Performance and Public Finance Statistics report released by the Ministry of Finance, Zambia estimates that the primary balance shortfall on the fiscal position widened...

A recovery in imports following the easing of local and global Covid-19 restrictions, as well as a bounce-back in oil prices together with a broadly weak export performance, erased part of the signifi...

Manufacturing growth is flattening out Foreign reserves tick higher in December US employment retreats in December Consumer credit surprises to the upside, but US credit card debt still declines

Zambia - Notwithstanding the zero-rating decision, we expect inflation acceleration.

Africa – Weekly Covid-19 update. Egypt – IMF tranche buoys foreign reserves in December. Gabon – Inflation rises on the back of oil price rebound. Ghana – Parliamentary ruckus portends strained politi...

Annual inflation measured 5.6% y-o-y in November 2020, unchanged from the previous month. Inflationary pressures for November were attributable to food & non-alcoholic beverages (+13.3% y-o-y), educat...

On December 29, Tunisian President Kaïs Saïed announced the launch of a national dialogue on social, economic, and political reforms involving representatives from political parties and youth organisa...

Local industry slowed in November 2020, following an improvement in conditions during Q3 and the start of Q4. On an annual basis, total industrial output dipped by 7.6% in November, compared with a 5....

The Absa Purchasing Managers’ Index (PMI) fell further to 50.3 points in December, from 52.6 points in November. While just above the neutral 50-point threshold, the latest reading has continued on a...