Africa Economics Weekly South Africa and AGOA, Nigeria inflation, Ghana-IMF Allegations that South Africa has supplied arms to Russia has led to calls for the country to lose preferential trade access to the US via the African Growth and Opportunities Act which, while not a... 19th May 2023 · 8 mins read
Africa Economics Weekly Debt distress across SSA: more than meets the eye Sovereign dollar bond spreads have widened across Sub-Saharan Africa this week and are signalling further debt distress, particularly in Kenya, Nigeria and Angola. But we think that sovereign debt... 5th May 2023 · 5 mins read
Africa Economics Weekly Inflation shocks, Ghana growth The surprise rises in inflation in March in Sub-Saharan Africa's two biggest economies are likely to put pressure on policymakers in Nigeria and South Africa to raise interest rates further. Elsewhere... 21st April 2023 · 5 mins read
Africa Economics Weekly A breakthrough in the debt restructuring standoff? Glimmers of hope have emerged this week about unlocking the stalemate over the global debt restructuring framework, with encouraging signs for negotiations in Zambia and Ghana. But we fear that the... 14th April 2023 · 6 mins read
Africa Economic Outlook Domestic woes to drag down growth Homegrown problems in Sub-Saharan African economies exacerbated by external headwinds are likely to curtail growth this year. We think that regional GDP will expand by 2.3%, which is well below the... 31st March 2023 · 24 mins read
Africa Economics Weekly Monetary policymakers in hawkish mode, debt in focus Central banks in South Africa, Kenya and Ghana all stepped up the pace of monetary tightening this week as concerns about inflation and currency weakness flared up. But we doubt that the rule of... 31st March 2023 · 5 mins read
Africa Economics Weekly Central banks focus on inflation and currency risks Nigeria’s central bank shrugged off the recent banking sector turmoil and kept its eye firmly focussed on tackling inflation as it hiked interest rates this week and, on balance, we think that... 24th March 2023 · 6 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 Economics Weekly Ripples of global banking turmoil in Sub-Saharan Africa Strains in the global banking system have roiled financial markets, but in Sub-Saharan Africa the main impact of the turmoil is likely to feed through via lower commodity prices and tighter external... 17th March 2023 · 8 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 Economics Weekly Debt talks in Zambia and Ghana, SA’s energy crisis Delays to Zambia’s debt restructuring threaten to hold up the country’s IMF deal and add to the signs that the Common Framework isn’t fit for purpose. Elsewhere, Ghana’s government appears to be open... 27th January 2023 · 6 mins read
Africa Economics Weekly What lies in store in 2023, Ghana’s latest debt-move The new year has started with economies in Sub-Saharan Africa bracing for disruptions due to the end of zero-COVID in China and a looming global recession. While these are likely to pass by mid-year... 6th January 2023 · 5 mins read
Africa Economics Weekly 2022 ends with a debt bang 2022 will be a year to forget for many African economies – it was marked by growing balance sheet strains and culminated in Ghana's government opting to default on much of its external debt earlier... 23rd December 2022 · 5 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 Economic Outlook Region’s vulnerabilities crystallising The challenging external backdrop means that growth across Sub-Saharan Africa is likely to slow in 2023, and by much more than most expect. Currencies are likely to weaken and public debt fears will... 19th December 2022 · 3 mins read
Africa Economics Weekly Leadership changes in South Africa? Ghana’s IMF boost South Africa’s president dodged impeachment earlier this week and is likely to be re-elected as leader of the ruling ANC party over the weekend, but the country’s economic challenges have only grown... 16th December 2022 · 5 mins read
