Latest Analysis
Talking Point: West Africa – Attempted coup in Guinea-Bissau
There was an attempted coup d’état in Guinea-Bissau on Tuesday, February 1, which failed. In the middle of the afternoon, people in Bissau started reporting gunfire near the government buildings, wher...
Talking Point: South Africa – Part two of Zondo Commission report looks at Transnet
President Cyril Ramaphosa received part two of the report of the Judicial Commission of Inquiry into Allegations of State Capture on Tuesday, February 1. He received part one on January 4 and will get...
Talking Point: South Africa – New vehicle sales recover from December’s lull
The latest figures from the National Association of Automobile Manufacturers of South Africa (Naamsa) show that the domestic new vehicle market recovered from December’s loss of momentum and rose by 1...
Talking Point: South Africa – Part two of Zondo Commission report looks at Transnet
President Cyril Ramaphosa received part two of the report of the Judicial Commission of Inquiry into Allegations of State Capture on Tuesday, February 1. He received part one on January 4 and will get...
Talking Point: Eswatini – CBE mimics Sarb in conducting its monetary policy
The Monetary Policy Consultative Committee (MPCC) of the Central Bank of Eswatini (CBE) raised the main policy rate by 25 bps, to 4.0%, at its first meeting of 2022. This represents the first increase...
Fixed Income Daily: Bond market and currency metrics for African capital markets
Ethiopia - The medium-term growth outlook is weak: at around 4% p.a., the lacklustre pace of expansion reflects stifling policy and politically-induced withdrawal of foreign operators, failure to rein...
Daily Africa Insight: An overview of today’s key events and developments
Angola – MPC holds interest rates as inflation set to ease in 2022. Egypt – Rights violations and arms deals. Ghana – Central bank opts to hold steady on policy rate front. Great Lakes – Rwanda reopen...
Real GDP to grow by a commendable 5.0% in 2022
Our near-term economic growth outlook has improved due to renewed support from the IMF and the signing of new construction projects. As a result, we lifted our real GDP growth forecast to 5.0% in 2022...
Talking Point: Nigeria – PMI moderates in January
The private sector continued to hold momentum and started the new year on a solid footing. The Stanbic IBTC Bank purchasing managers’ index (PMI) moderated from 56.4 in December 2021 to 53.7 in Januar...
Talking Point: South Africa – PMI comes out of the blocks strongly in 2022
The seasonally adjusted Absa purchasing managers’ index (PMI) increased to 57.1 points (pts) in January 2022, from 54.1 at the end of December. The current level is above the average recorded in Q4 20...
Domestic economy poised for a gradual rebound in the short to medium term, driven by major capital projects and improved conditions for key exports
Economic output in Q3 2021 offered a flicker of hope that a revival was on the cards. Yet, the momentum was unlikely to have been sustained, and so, we estimate that GDP contracted by 0.5% in 2021. St...
Talking Point: Angola – MPC holds interest rates as inflation set to ease in 2022
The Monetary Policy Committee (MPC) of the Bank of Angola (BNA) decided to maintain the basic interest rate (BNA rate) at 20%, following its latest ordinary meeting on January 28. While the headline i...
Talking Point: Kenya – Roadside bomb kills 10 near Somalia border
On Monday, January 31, at least 10 people were killed when a minibus they were travelling in drove over an improvised explosive device (IED) about 10 kilometres from the town of Mandera, close to the...
Talking Point: Egypt – Rights violations and arms deals
Recent weeks have seen more stories than usual of rights infractions in Egypt. The most high-profile dissident in the regime’s crosshairs was Alaa Abdel Fattah, who has been prominent in opposition to...
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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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