Africa Data Response Nigeria Consumer Prices (Dec.) December inflation data out of Nigeria, at 21.3% y/y, came in below expectations, and provided a first sign that inflation passed its peak. Policymakers are likely to latch onto the fall in inflation... 16th January 2023 · 2 mins read
Africa Economics Weekly South Africa’s ruling party policies stuck in old ways At a key policy conference, South Africa’s ruling party officials offered little by way of new ideas to address the country’s mounting economic challenges. And some fresh proposals risk making matters... 13th January 2023 · 7 mins read
Africa Economics Update Runners and riders in Nigeria’s upcoming elections In the first instalment of our Election Watch series ahead of the late-February polls in Nigeria, we assess the economic policies proposed by key candidates. The elections offer a chance to depart... 12th January 2023 · 7 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
Africa Data Response Nigeria Consumer Prices (Nov.) November inflation data out of Nigeria came in stronger than expected, with the headline rate picking up to 21.5% y/y and price pressures increasing in m/m terms as well. Together with our expectation... 15th December 2022 · 3 mins read
Africa Economics Weekly Conundrum in SA, Nigeria’s cash limits, Ghana’s debt South Africa’s political upheaval took a breather this week but fears about the state electricity company, Eskom, have grown. Problems at Eskom not only pose a threat to economic activity but, if left... 9th December 2022 · 8 mins read
Africa Chart Pack Tightening cycles have a bit further to run Most central banks across Sub-Saharan Africa raised interest rates over the past month and, in contrast to many other parts of the emerging world, we think tightening cycles will last a while longer... 29th November 2022 · 11 mins read
Africa Economics Weekly Ghana’s fiscal mess, data & decisions wrap Official statements by the authorities in Ghana signalled commitment to restoring fiscal and debt sustainability, and left little doubt that this will include a sovereign debt restructuring. Meanwhile... 25th November 2022 · 6 mins read
Africa Data Response Nigeria GDP (Q3) GDP growth in Nigeria slowed to 2.2% y/y in Q3 as woes in the oil sector intensified and key parts of the non-oil economy, such as agriculture and manufacturing, performed poorly. Even with pre... 24th November 2022 · 3 mins read
Africa Economics Update CBN shifting in less hawkish direction The Central Bank of Nigeria raised the benchmark rate by 100bp, to 16.50%, today, and MPC members appear to be itching to take their foot off the monetary policy brakes. But we suspect that the... 22nd November 2022 · 3 mins read
Africa Economics Weekly Hawks to rule in upcoming SA & Nigeria rate decisions In next week’s MPC meetings in South Africa and Nigeria, inflation concerns are likely to hold sway over economic woes, and we expect both central banks to keep raising interest rates. South Africa’s... 18th November 2022 · 7 mins read
Africa Data Response Nigeria Consumer Prices (Oct.) Data out of Nigeria showing a pick-up in inflation to 21.1% y/y in October offered little sign that price pressures are abating. And that’s before the effects of recent flooding and currency weakness... 15th November 2022 · 2 mins read
