Latest Analysis
Talking Point: Mauritius – Tourist arrivals sink further in January
Tourist arrivals remained subdued for a second-consecutive month in January, as a seven-day travel ban on several African countries stifled the inflow of tourists, and the festive period had come to a...
Weekly Africa Political Risk Report: Overview of the past week’s political developments
Algeria – Youth dole and food subsidies (Feb 17). Ethiopia – State of emergency lifted, indirect talks underway (Feb 16). Ghana – Anti-government activist charged with treason (Feb 15). Libya – From o...
Fixed Income Daily: Bond market and currency metrics for African capital markets
Tanzania - We retain a constructive outlook on the Tanzanian economy, underpinned by strong performance in the construction sector following the inking of a number of new projects. Furthermore, robust...
Daily Africa Insight: An overview of today’s key events and developments
Algeria – Youth dole and food subsidies. Algeria – LNG in the spotlight. Botswana – Transport price inflation races to 13-year high. Gabon –Inflation inches higher as food price pressures build. Ghana...
Weekly Africa Insight: Overview of the past week’s political and macroeconomic developments
Africa – Covid-19 update | Fourth wave comes to a close (Feb 11). Algeria – Youth dole and food subsidies (Feb 17). Algeria – LNG in the spotlight (Feb 17). Algeria – Production and revenues recover (...
Economic growth forecast to rise to 3.7% in 2022 due to rallies in both the hydrocarbons and non-oil sectors
Recoveries in both the oil and non-oil sectors continued into the new year, with rising oil output and industrial production in January giving reasons to be optimistic. Overall, real GDP growth is for...
Talking Point: West Africa – Cashew nut industry in line for much-needed injection
TechnoServe’s Prosper Cashew project recently announced that it will invest $60m in West Africa’s cashew nut industry as part of its goal to boost local processing. The project, which is also backed b...
Talking Point: Algeria – Youth dole and food subsidies
President Abdelmadjid Tebboune, in a television interview on Tuesday, February 15, made some announcements of measures to support households’ standards of living in the face of inflation and high unem...
Talking Point: Gabon – Inflation inches higher as food price pressures build
The most recent consumer price index (CPI) data published by the General Directorate of Statistics (GDS) indicates that inflationary pressures in Gabon started to tick up early in 2022, in line with e...
Talking Point: Zambia – MPC opts to pause tightening cycle at Q1 convention
The Monetary Policy Committee (MPC) elected to maintain the policy rate at 9.0% at its first rate-setting convention of the year, guided by its forecasts which suggest a “continued downward trend towa...
Talking Point: Ghana – Local exchange to establish own credit rating agencies
On February 15, the managing director of the Ghana Stock Exchange (GSE), Ekow Afedzie, told journalists that the local bourse is in the process of establishing its own credit rating agencies. Accordin...
Talking Point: Algeria – LNG in the spotlight
Local energy demand is increasing at a strong pace, owing to Algeria’s population boom. Since 2019, the volume of local liquefied natural gas (LNG) consumption has exceeded that of LNG exports, and we...
Talking Point: Namibia – MPC raises repo by 25bps
The Monetary Policy Committee (MPC) of the Bank of Namibia (BoN) raised its policy rate by 25bps to 4.0% following the conclusion of its policy meeting on February 16. According to the MPC’s press rel...
Talking Point: Botswana – Transport price inflation races to 13-year high
Consumer price index (CPI) inflation jumped to 10.6% y-o-y in January compared with the 8.7% y-o-y logged in December, according to Statistics Botswana’s (StatsBots) latest CPI report. Price inflation...
Featured African Economic Insights
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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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