Africa Chart Pack Risk premia fall back Risk premia have fallen across the region over the past month. In the region’s largest economy, Nigeria, that has come on the back of a marked policy shift since President Tinubu took office in late... 28th June 2023 · 11 mins read
Africa Chart Pack Central banks in SA and Nigeria still in hawkish mood Central banks in the region’s two largest economies, Nigeria and South Africa, both hiked interest rates this month and, whereas attention elsewhere is turning to rate cuts, the risks seem to be... 25th May 2023 · 12 mins read
Africa Chart Pack Power cuts ripping through South Africa’s economy Persistent and deepening electricity outages in South Africa are wreaking economic havoc. Almost half of generating capacity was offline this month, triggering severe “loadshedding”. Output in energy... 27th April 2023 · 12 mins read
Africa Chart Pack Financial markets bruised, central banks hawkish Financial markets across Sub-Saharan Africa have struggled – and have underperformed their EM peers – since the global banking sector turmoil erupted. Amid broad risk-off sentiment, African sovereign... 23rd March 2023 · 10 mins read
Africa Chart Pack Politics and the public finances Sub-Saharan Africa’s two biggest economies, Nigeria and South Africa, are both facing slow-burning debt problems. In Nigeria at least, elections on Saturday offer an opportunity to shift towards... 24th February 2023 · 12 mins read
Africa Chart Pack Growth faltering in region’s biggest economies While the economic outlook in much of the world has turned less downbeat in recent weeks, the prospects for Sub-Saharan Africa’s two biggest economies have, if anything, got gloomier due to homegrown... 31st January 2023 · 12 mins read
Africa Chart Pack Regional slowdown underway The performance of African economies diverged early this year, but the latest data provide clearer signs that growth across the region is now slowing. Economic weakness seems most pronounced in Ghana... 20th December 2022 · 10 mins read
Africa Chart Pack Tightening cycles have a bit further to run Most central banks across Sub-Saharan Africa raised interest rates over the past month and, in contrast to many other parts of the emerging world, we think tightening cycles will last a while longer... 29th November 2022 · 11 mins read
Africa Chart Pack Here comes the slowdown The past month has brought further signs that economies across Sub-Saharan Africa are in the midst of a slowdown. The latest activity data out of South Africa suggest that, after GDP contracted in Q2... 31st October 2022 · 11 mins read
Africa Chart Pack African central banks stepping up to the plate Just like their peers in advanced economies, monetary policymakers across Sub-Saharan Africa have turned more hawkish recently. Central banks in South Africa and Nigeria hiked interest rates... 29th September 2022 · 12 mins read
Africa Chart Pack Political rollercoasters across the region Relatively peaceful election proceedings in Kenya and Angola this month have provided a lift to investor sentiment. But with the respective losing presidential candidates challenging official results... 31st August 2022 · 11 mins read
Africa Chart Pack Nigeria’s economic woes mount For a major net oil exporter, Nigeria’s worsening economic struggles in the current high oil price environment are striking. Low oil production, which was 30% below the country’s OPEC+ quota in June... 27th July 2022 · 11 mins read
Africa Chart Pack Hawkish shift creates difficult environment for Africa The hawkish turn by DM central banks over the past month has further soured investor risk appetite, and capital inflows into African economies are likely to have slowed. Countries with large external... 30th June 2022 · 12 mins read
Africa Chart Pack The monetary policy tide turns African central banks have turned up their hawkish noises over the past month. Policymakers in Nigeria and Kenya delivered their first interest rate hikes following pandemic-era cuts. In South Africa... 31st May 2022 · 12 mins read
Africa Chart Pack Fiscal positions largely going from worse to bad Fiscal positions across Sub-Saharan Africa have been a persistent source of concern since the onset of the pandemic – and in some cases, even before. And the commodity price moves resulting from the... 28th April 2022 · 10 mins read
Africa Chart Pack War in Ukraine: a varied impact across Africa Spillovers from the war in Ukraine will have a varied impact across Sub-Saharan Africa. Large oil producers such as Nigeria and Angola are benefitting from the surge in global oil prices but, for the... 31st March 2022 · 13 mins read
