Latest Analysis
Talking Point: Zambia – Inflation surprises to the downside but storm clouds gather
Zambia’s November inflation print surprised to the downside, as the latest release indicates that the headline price index advanced by a below-forecast 10.8% y-o-y. While the inflation figure affirmed...
Congo, Dem. Rep.: GDP growth set to ease in 2019 owing to lower minerals prices
The global economic slowdown and commodity price slump are set to weigh on the DRC’s undiversified economy in 2019. Real GDP growth is expected to fall to 4.3% in 2019 as copper and cobalt prices fall...
Senegal: Manufacturing sector somewhat dampens another otherwise strong growth performance
Real GDP growth slowed in 2019 H1 as a downturn in primary and secondary sector activity somewhat dampened an otherwise strong growth performance. Based on the recent slowdown in agricultural and manu...
Talking Point: South Africa – Monetary growth aggregates accelerate in October
Private sector credit extension (PSCE) growth accelerated to 7.3% y-o-y in October 2019 from 6.2% y-o-y in September, based on a monthly increase of R16.5bn (-R2.5bn in September). The outcome was not...
SA Daily Economic Report: Morning market update
Leading business cycle indicator dips in September Eskom surprises with interim profit Sentiment and credit help bloc’s outlook in Q4 ZAR trades little changed
Talking Point: Lesotho – Central bank keeps rates on hold
The Central Bank of Lesotho (CBL) held its final Monetary Policy Committee (MPC) meeting for the year on November 26. The CBL followed the status quo and kept the policy rate unchanged at 6.5% after t...
Weekly Africa Political Risk Report: Overview of the past week’s political developments
Botswana: From our Quarterly Update (Nov 27). DRC: From our Quarterly Update (Nov 28). Egypt: From our Quarterly Update (Nov 25). Ethiopia: On coming together and falling apart (Nov 25...
Fixed Income Daily: Bond market and currency metrics for African capital markets
Uganda – The Bank of Uganda was able to hit its issuance target in three- and 15-year bond auctions on November 27, with the longer-dated tenor in particular receiving considerable investor interest....
Daily Africa Insight: An overview of today’s key events and developments
Egypt: Fitch affirms Egypt's sovereign credit rating. Lesotho: Slow progress in SADC reforms while a new poll looms. Mozambique: S&P follows suit and upgrades credit rating. South Afri...
Weekly Africa Insight: Overview of the past week’s political and macroeconomic developments
Angola: Inflation flat in October despite kwanza crash (Nov 22). Cameroon: Inflation eases in the third quarter of 2019 (Nov 25). eSwatini: Interest rate remains unchanged in Q4 2019 (Nov...
Talking Point: South Africa – Producer price inflation drops further in October
Growth in prices at the factory gate dropped further in October. On an annual basis, producer price index (PPI) inflation for final manufactured goods eased from 4.1% y-o-y in September to 3.0% y-o-y...
Talking Point: Mozambique – S&P follows suit and upgrades credit rating
S&P Global Ratings (S&P) has upgraded Mozambique’s sovereign credit rating to CCC from Selective Default (SD), while assigning a stable outlook to the new rating. The country’s sovereign cred...
Talking Point: Egypt – Fitch affirms Egypt’s sovereign credit risk rating
Fitch Ratings (Fitch) has affirmed Egypt’s sovereign credit rating at B with a stable outlook. The rating balances recent improvements to macroeconomic stability and external finances, as well as a s...
DRC Quarterly Update: Real GDP growth is expected to fall to 4.3% in 2019 due to weak commodity prices and a slowdown in global GDP growth
Real GDP growth is estimated to have reached 5.8% in 2018, given robust activity in the mining sector, followed by favourable demand conditions and a stronger price environment for both copper and cob...
Featured African Economic Insights
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Latest Tweets
#SouthAfrica's rand, #Eskom dollar bonds hit by load shedding reut.rs/36j8FnN
#SouthAfrica WATCH: Rand trips as load shedding intensifies iol.co.za/business-repor… via @IOL
Despite muted core and energy & fuels price inflation, a 22-month-high food & non-alcoholic beverages price inflation drove #Tanzania’s headline inflation higher in November to 3.8% y-o-y from 3.6% y-o-y the previous month.
#SouthAfrica manufacturing sector lifts its head somewhat in October, but many headwinds remain.
#Ethiopia’s inflation marches past 20% y-o-y – passing highs last seen in August 2012 – amid a food and hard currency drought, but peak still lies ahead.
#SouthAfrica endures Stage 6 load-shedding for the first time. Mining firms halting some operations and manufacturers, retailers set to suffer as well. Chances of a H2 technical recession have just increased.
#Kenya Nairobi Governor Mike Sonko has been arrested for corruption. It’s very possible that the decision to lay corruption charges against Sonko is both politically motivated and well founded.
#SouthAfrica’s flagging economy could face a second recession in as many years due to a new wave of nationwide power cuts bloomberg.com/news/articles/… via @markets
#SouthAfrica Miners bearing brunt of load-shedding, but SA economy at risk of Q4 recession miningmx.com/top-story/3950… via @miningmx
#SouthAfrica Air transport is a key industry, and #SAA has a big impact, says industry body fin24.com/Companies/Indu… via @Fin24
In the Media
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Get unparalleled economic and political insight for 29 African economies. Download up to three Research Briefings for free. Or, to get unlimited access to NKC African Economics' full database of briefings, commentary, daily analysis, high-quality research and data, request a free trial today.
Download a free sample report, highlighting our economic analysis, as well as incorporating our political assessment for Nigeria in 2018.
A detailed scenario analysis of different policy actions the Central Bank of Nigeria could take in response to the foreign exchange liquidity squeeze in 2016, the effects on foreign reserves to be expected under each, and the resulting consequences for firms needing to repatriate profits.