Africa Economics Weekly Nigeria ways & means, Ethiopia devaluation, SA PMI Nigeria’s government increased the limit of its Ways and Means facility this week, raising concerns that officials are resorting to their bad old ways of deficit monetisation. If tapped persistently... 2nd August 2024 · 5 mins read
Africa Economics Weekly Biden calls for AGOA extension, SA inflation The 21st Forum on the African Growth and Opportunities Act (AGOA) took place in Washington this week with attention focussed on not only extending the legislation but also improving it in light of... 26th July 2024 · 5 mins read
Africa Economics Weekly Nigeria spending, SA investment, SARB to cut soon Nigeria announced plans this week to raise 2024 budget spending again. Funding will come via a windfall tax on bank profits, but more measures will be needed to permanently boost revenues if Nigeria’s... 19th July 2024 · 7 mins read
Africa Economics Weekly Nigeria rate cuts, Kenya instability, Ghana inflation Nigeria’s central bank governor this week hinted that rate cuts may soon be on the cards but there are still upside inflation risks on the horizon that could scupper those plans. Meanwhile, Kenyan... 12th July 2024 · 7 mins read
Africa Economics Weekly Kenya, austerity and the IMF, SARB eyeing up cuts? After being forced to withdraw the 2024/25 Budget, Kenya’s President Ruto outlined new fiscal plans today that will go some way towards easing concerns among investors and the IMF. Elsewhere, comments... 5th July 2024 · 5 mins read
Africa Economics Weekly SA coalition cracks, Kenya protests, Ghana debt deal Disagreements between the South Africa’s largest party, the ANC, and its main partner in the government of national unity, the DA, over cabinet posts reinforces our point that the coalition is fragile... 28th June 2024 · 5 mins read
Africa Economics Weekly SA GNU reform challenge, Kenya tax U-turn The government of national unity (GNU) formed by South Africa’s ANC and DA has led to a rally in local financial markets, but forming this unity government may prove to be the easy part. The necessary... 21st June 2024 · 6 mins read
Africa Economics Weekly Nigeria food prices, Kenya budget, ANC-DA deal A surge in food prices in Nigeria this week presents a challenge to the optimistic tone the authorities are trying to strike on the inflation outlook. To contain these inflation risks for good, the... 14th June 2024 · 7 mins read
Africa Economics Weekly SA’s uncertain coalition talks, Nigeria’s strike South Africa’s post-election uncertainty continued this week, with the ANC outlining its desire for a government of national unity with a broad range of opposition parties. This looks like a non... 7th June 2024 · 5 mins read
Africa Economics Weekly SA elections: State of play & implications for the SARB South Africa’s election results have continued to trickle in, but the overriding message since the early hours of the count is that the ANC has fallen well short of a majority. A coalition with one of... 31st May 2024 · 7 mins read
Africa Economics Weekly SA elections: Can the ANC hold on? Kenya-US visit There’s less than a week to go until South Africa’s pivotal election and there remains significant uncertainty about the ANC’s likely vote share and, if it’s forced to go into coalition, who it will... 24th May 2024 · 7 mins read
Africa Economics Weekly ANC bets on health insurance bill, Nigeria inflation South African President Ramaphosa's approval of the controversial National Health Insurance bill this week was a clear effort to bolster the ANC’s support ahead of the election. But it also signals... 17th May 2024 · 8 mins read
Africa Economics Weekly SA elections and inflation target, Angola debt Electioneering in South Africa heated up this week as parties openly warned of the different scenarios that could emerge after this month’s polls. The scenario that is most worrying remains a left... 10th May 2024 · 7 mins read
Africa Economics Weekly SA growth, Nigeria petrol subsidy, Kenya floods South Africa’s manufacturing PMI for April released this week added to the evidence that growth will pick up over the coming quarters. But stronger growth is coming too late to help the ANC’s election... 3rd May 2024 · 5 mins read
Africa Economics Weekly No SARB rate cuts in 2024, SSA subsidy removal The SARB’s biannual Monetary Policy Review published this week, which showed less confidence in South Africa’s disinflation trend and reiterated the desire to move to a lower inflation target... 26th April 2024 · 5 mins read
Africa Economics Weekly Nigeria naira rebound, SA election and late rate cuts The naira’s surprising recent recovery appears to have been driven by FX reserve sales and the currency risks becoming overvalued again. We think renewed naira weakness is on the cards over the rest... 19th April 2024 · 6 mins read
