Africa Economics Weekly Naira plunges, SA budget, Uganda/Kenya late cuts The devaluation of the naira this week may be a sign that there’s fresh impetus to Nigeria’s policy shift, which had been stalling. A key test will come at the (long-overdue) central bank meeting... 2nd February 2024 · 6 mins read
Africa Chart Pack Africa Chart Pack (Jan. 2024) Economic growth in Sub-Saharan Africa is set to strengthen over 2024-25 as the external backdrop turns more favourable and, in some places, the drag from high inflation eases. But this boost will be... 31st January 2024 · 0 mins read
Africa Data Response Ghana Interest Rate Announcement (Jan.) The Bank of Ghana kicked off its easing cycle with a 100bp cut, to 29.00%, today and an improving balance of payments position alongside further falls in inflation mean that more cuts are on the cards... 29th January 2024 · 2 mins read
Africa Economics Update Lessons from Africa’s sovereign debt restructurings Ghana’s relatively quick progress in debt restructuring talks with creditors contrasts with the slow experiences of Ethiopia and Zambia. Much of this can be explained by the China’s role in... 24th January 2024 · 4 mins read
Africa Chart Pack Africa Chart Pack (Dec. 2023) Economic growth in Sub-Saharan Africa is set to strengthen over 2024-25 as the external backdrop turns more favourable and, in some places, the drag from high inflation eases. But growth will be... 18th December 2023 · 0 mins read
Africa Economics Weekly Ethiopia default, SA activity, Ghana inflation fall Ethiopia’s sovereign default appears imminent after the government missed a coupon payment on its 2024 Eurobond this week. The prominence of Chinese and private bondholders in Africa continues to... 15th December 2023 · 5 mins read
Africa Economic Outlook A tepid recovery Economic growth in Sub-Saharan Africa is set to strengthen over 2024-25 as the external backdrop turns more favourable and, in most places, the drag from high inflation eases. But growth will be... 7th December 2023 · 21 mins read
Africa Chart Pack Africa Chart Pack (Nov. 2023) Our Africa Chart Pack has been updated with the latest data and our analysis of recent developments. Economic growth across Sub-Saharan Africa is likely to pick up in 2024, but a challenging external... 28th November 2023 · 1 min read
Africa Economics Update Assessing public debt risks in Africa In this Update, we present our sovereign debt heat map that provides a snapshot of debt risks across Sub-Saharan Africa. Government debt is still above pre-pandemic levels and most economies we cover... 10th November 2023 · 5 mins read
Africa Economics Weekly AGOA, EU-China influence, MTBPS Even as African officials push for an extension of a key US-Africa trade agreement, it was announced this week that Uganda will lose duty-free access to the US from next year in response to the... 3rd November 2023 · 5 mins read
Africa Chart Pack Africa Chart Pack (Oct. 2023) Our Africa Chart Pack has been update with the latest data and our analysis of recent developments. Tight policy and a weak external environment will constrain growth over the coming quarters. 31st October 2023 · 1 min read
Africa Economics Weekly Africa food prices, SARB resignation, Zambia bond deal Inflation across Africa has been falling back recently, but persistent food price pressures pose a threat to policymaker’s ambitions to start cutting interest rates. In South Africa, the resignation... 27th October 2023 · 5 mins read
Africa Economics Weekly Nigeria spending, debt problems, South Africa CPI Sovereign debt restructuring discussions between Zambia and Ghana and their bilateral creditors have been encouraging, but challenging talks with private lenders remain. Meanwhile, Nigeria’s... 20th October 2023 · 5 mins read
Africa Economics Weekly Ghana inflation, Nigerian oil, IMF forecasts The fall in inflation in Ghana in September gives the central bank some leeway to consider cutting rates at its next meeting. Elsewhere, data out this week showed that Nigeria’s crude oil output rose... 13th October 2023 · 6 mins read
Africa Economics Weekly Nigeria strike, Kenya debt, Oxford malaria vaccine This week, Nigeria avoided a potentially disruptive workers’ strike after a late government offer of short-term relief measures, but these risk adding to fiscal and inflationary pressures. Meanwhile... 6th October 2023 · 5 mins read
Africa Economics Update Africa: inflation, debt risks to hold back rate cuts Sub-Saharan African central banks are unlikely to follow their peers in other EMs in cutting interest rates soon. With inflation falling more slowly, alongside balance of payment and public debt... 5th October 2023 · 3 mins read
