NKC African Economics

Mauritius - We expect the BoM to keep the key repo rate at 1.85% at the next MPC meeting, which is scheduled for September 23.

Africa – Weekly Covid-19 update. Côte d’Ivoire – Anti-Ouattara protests kick off. Egypt – Key policy rates held steady. Egypt – The Senate election non-event. Namibia – Rental and fuel prices dampen i...

At the August Monetary Policy Committee (MPC) meeting, the Bank of Uganda (BoU) decided to keep the central bank rate (CBR) unchanged at 7%. This follows 100 bps cuts in April and June, both aimed at...

Damning testimony before the Judicial Commission of Inquiry into Allegations of State Capture this week implicated a number of senior government officials, almost all ‘former’ rather than ‘current’. T...

The 2020/21 FY is set to shoulder the bulk of the pandemic shock, with a protracted recovery in services exports and consumer spending, dimming FDI allure and plunge in capex conspiring to slow growth...

On Thursday, August 13, the Central Bank of Egypt (CBE) decided to hold key policy rates steady at its Monetary Policy Committee (MPC) meeting. Specifically, the overnight deposit rate is 9.25%, the o...

As of the end of Thursday, August 13, just over six months after the first confirmed case in Africa, the number of active cases of Covid-19 (confirmed cases minus recoveries and deaths) on the contine...

Headline inflation ticked marginally lower to 2.0% y-o-y in July from 2.2% y-o-y in June, according to the latest consumer price index (CPI) report.

Egyptians showed very little enthusiasm whatsoever for the Senate election in which they were called to vote on Tuesday and Wednesday, August 11 and 12. The election was to choose 200 out of the 300 m...

Protests against President Alassane Ouattara’s plan to run for a third term in office have begun, and police repression of them has already cost lives. On Wednesday, August 12, and especially on Thurs...

Algeria – Journalist’s sentencing makes waves (Aug 13). Côte d’Ivoire – From our Quarterly Update (Aug 13). Côte d’Ivoire – Alassane Ouattara confirms presidential run (Aug 7). Ethiopia – Senior Oromo...

Mining production down due to PGMs and coal sectors ZAR up on softer dollar US initial claims break below 1 million China economic growth gathers pace in July

Namibia - We think that tight-end suppression is nearing its end although a surge in bond issuance to bridge the shock-related residual financing shortfall leaves considerable scope for upward drift i...

Algeria – Journalist’s sentencing makes waves. Ethiopia – Senior Oromo members of the ruling party suspended. Ethiopia – Consumer prices resume upsurge as food costs soar. Ghana – Inflation ticks high...