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 Economics Update War in Ukraine inflames food insecurity in Africa The outsize role of agriculture in Sub-Saharan African economies and the tendency to rely on imported food products makes the region particularly vulnerable to the agricultural shock caused by the war... 25th May 2022 · 6 mins read
Africa Economic Outlook Debt problems building Sub-Saharan Africa’s recovery is likely to remain slow going and our growth forecasts are generally below the consensus. While spillovers from the war in Ukraine will boost a handful of economies –... 4th May 2022 · 22 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
Africa Economics Weekly Ghana’s debt fight, rate decisions, Ethiopia’s conflict The Ghanaian authorities took steps this week to shore up the cedi and tackle the poor public finances but officials may eventually have to back down and turn to the IMF to shore up investor... 25th March 2022 · 5 mins read
Africa Chart Pack Mixed market reaction in Africa to Russia-Ukraine war Elevated commodity prices on the back of the Russia-Ukraine crisis will almost certainly add to inflationary pressures across Sub-Saharan Africa. High prices for energy, metals and agricultural... 28th February 2022 · 12 mins read
Africa Economic Outlook Region to lag behind as debt risks mount Sub-Saharan Africa’s economic recovery from the pandemic is likely to remain one of the weakest of any region over 2022-23 and our GDP growth forecasts are generally below the consensus. The latest... 28th January 2022 · 23 mins read
Africa Economics Weekly ANC leadership contest, Ghana’s debt, Ethiopia’s conflict Leftist factions of South Africa’s ruling ANC already appear to be gearing up to take on President Cyril Ramaphosa in December’s leadership election and this is likely to push fiscal policy in a... 14th January 2022 · 7 mins read
Africa Economics Update What to expect in Sub-Saharan Africa in 2022 Sub-Saharan Africa will remain a laggard in the global recovery. The weak economic backdrop means that South Africa’s government is unlikely to stick to its austerity plans and the debt ratio will... 12th January 2022 · 4 mins read
Africa Chart Pack Emerging virus waves clouding recoveries beyond SA Much attention has been devoted to the Omicron-fuelled fourth COVID-19 wave ripping through South Africa but cases have picked up elsewhere in Sub-Saharan Africa as well, with especially sharp rises... 16th December 2021 · 12 mins read
Emerging Markets Financial Risk Monitor Turkey and frontiers in the firing line The dramatic slump in the Turkish lira over the past month once again leaves the currency firmly in crisis territory. One crumb of comfort is that Turkish banks are in a better position to cope with... 7th December 2021 · 6 mins read
Africa Economics Update External strains abate, but pockets of risk remain While external risks have subsided across much of Sub-Saharan Africa in recent quarters, pockets of vulnerability remain. External (and, as a result, debt) vulnerabilities look most acute in Ethiopia. 9th November 2021 · 3 mins read
Africa Economics Weekly SA’s post-election policy direction, Ethiopia crisis spirals Next week’s Medium Term Budget Policy Statement in South Africa is likely to provide an early signal that the government is scaling back its fiscal consolidation plans following the ruling ANC party’s... 5th November 2021 · 5 mins read
Africa Economic Outlook Headwinds beyond vaccine woes intensifying Extremely low vaccine coverage continues to cast a dark cloud over recovery prospects in Sub-Saharan Africa and this will be compounded by deteriorations in the terms of trade and tighter fiscal... 27th October 2021 · 22 mins read
Africa Economics Weekly FX orthodoxy in Nigeria? Strikes in SA, Ethiopia’s conflict Comments by Nigeria’s vice president endorsing a more market-based exchange rate regime reflect growing concern about the distortionary effects of the current FX system, but there is no evidence that... 15th October 2021 · 5 mins read
Africa Chart Pack Debt restructuring talks inching forward The threat of messy outcomes to Sub-Saharan Africa’s debt problems seems to have diminished recently. In Zambia, the new administration vowed to tackle debt problems and press on with restructuring... 30th September 2021 · 13 mins read
