Africa Economics Update South Africa: Another cut likely in September Policymakers in South Africa will probably follow today’s 25bp cut with another 25bp of loosening at their next meeting in September. We expect that South African inflation will ease in Q3, while cuts... 18th July 2019 · 3 mins read
Africa Economics Update South Africa: Economy strengthened in May Activity data for May suggest that South Africa returned to growth in Q2. We estimate that GDP rose by about 1.0% q/q saar in the three months to May, and that activity strengthened further in June... 17th July 2019 · 2 mins read
Africa Economics Update Nigeria: CBN rules unlikely to boost lending New regulations from the central bank will probably do little to encourage lending to the private sector. So long as government bond yields remain elevated, banks will prefer to park their money in... 16th July 2019 · 3 mins read
Africa Data Response Nigeria CPI (Jun.) Inflation remained above the central bank’s target in June, but the fact that core inflation slowed has strengthened our view that policymakers will cut their key interest rate next week. 15th July 2019 · 2 mins read
Africa Economics Weekly Kganyago reappointed, rate cut likely next week The re-appointment of South Africa’s respected central bank governor will help to allay fears concerning the independence of the Reserve Bank. We think that policymakers will cut their policy rate... 12th July 2019 · 5 mins read
Africa Economic Outlook Africa: Economy will finally turn the corner in 2020 Growth in Sub-Saharan Africa weakened in early 2019, but activity should strengthen in the second half of the year and into 2020 as policy across the region loosens. Even so, our forecasts are below... 11th July 2019 · 25 mins read
Africa Economics Update South Africa: More evidence of Q2 recovery Activity data for May added to the evidence that the economy rebounded following its contraction in Q1. Even so, we think that the Reserve Bank will cut its policy rate from 6.75% to 6.50% next week. 11th July 2019 · 2 mins read
Africa Economics Weekly Buhari warms on trade, Ramaphosa plans Eskom rescue Nigeria’s usually mercantilist government seemed more open to regional integration this week. But while Abuja’s decision to join the AfCFTA trade pact is positive, plans for a West African common... 5th July 2019 · 5 mins read
Africa Data Response South Africa Manufacturing PMI (Jun.) South Africa’s manufacturing PMI picked up in June, but it still points to a poor performance in Q2. While the survey sometimes provides misleading readings, its consistent weakness suggests growth... 1st July 2019 · 2 mins read
Africa Economics Weekly Sino-Africa trade, Ethiopia crisis, weak investment in SA African leaders visiting China for a trade expo this week are sure to praise their ties with Beijing, but several big Chinese-funded infrastructure projects in the region are being delayed or... 28th June 2019 · 4 mins read
Africa Chart Pack Africa: A difficult month across the region Recent economic news from Africa has been pretty poor. Figures released this month confirmed that South African GDP contracted in Q1. And while things probably improved more recently, sharp divides... 27th June 2019 · 13 mins read
