Africa Economics Update Equities and currencies take divergent paths This is the first edition of our new monthly Africa Markets Monitor. The purpose of this publication is to analyse major developments in local markets over the past month, and to give an update on our... 25th January 2013 · 1 min read
Africa Economics Update Room for relatively small rate cuts in Nigeria Slowing inflation and sub-trend growth in Nigeria mean that interest rate cuts are likely this year, but concerns over fiscal profligacy and a weakening currency limits the room for significant easing... 21st January 2013 · 1 min read
Africa Economics Update Big shifts in monetary policy unlikely in the first half of 2013 A combination of renewed optimism over the state of the global economy and an acceleration in regional inflation suggests that the interest rate cuts that had looked imminent in some parts of sub... 3rd January 2013 · 1 min read
Africa Chart Pack Africa to outperform in 2013 Growth across sub-Saharan Africa (SSA) has held up relatively well in the last few months of 2012. This is despite a weak global backdrop and the continued sluggish performance of South Africa, the... 18th December 2012 · 1 min read
Africa Chart Pack Nigeria remains the outperformer Sub-Saharan Africa’s three major economies – South Africa, Nigeria and Kenya – have experienced mixed fortunes in the second half of this year. Early estimates of Q3 GDP for Nigeria suggest that the... 30th November 2012 · 1 min read
Africa Economics Update Central Bank of Nigeria likely to cut rates next year The Central Bank of Nigeria kept interest rates on hold at 12.00% today, but the outlook for slowing inflation and sub-trend growth means that monetary easing is likely to come onto the agenda in 2013... 20th November 2012 · 1 min read
Africa Economics Update Elections take centre stage The recent peaceful transitions of power following elections in Senegal and Zambia demonstrate that the threat of voting-related violence in sub-Saharan Africa (SSA) has been receding in the past few... 13th November 2012 · 1 min read
Africa Economics Update Is the pace of Nigerian credit growth a cause for concern? After Nigeria’s banking crisis of 2008/09, some commentators are starting to voice fresh concerns about the recent rapid pace of growth in private sector credit. But while we share some of these... 6th November 2012 · 1 min read
Africa Economics Update Nigerian economy could be region’s largest by 2014 The forthcoming rebasing and revision of GDP data in Nigeria will change little on the ground, but it could leave the country on track to overtake South Africa as the region’s largest economy by 2014... 29th October 2012 · 1 min read
Africa Chart Pack South Africa is still the region’s laggard Growth across sub-Saharan Africa continues to hold up well, despite a weak global economic backdrop. Most countries have now released Q2 GDP data, with particularly strong performances recorded in... 29th October 2012 · 1 min read
Africa Economic Outlook Solid growth amid global weakness Sub-Saharan Africa (SSA) is not completely immune to the continuing crisis in the euro-zone and the effects of weakening growth elsewhere in the developed world, but strong domestic demand and scope... 17th October 2012 · 1 min read
Africa Economics Update African eurobonds: who is next in line? Sub-Saharan African (SSA) eurobond markets hit the headlines in September when Zambia’s debut $750mn 10yr bond issue, which was 15 times oversubscribed, became the most successful ever in the region... 12th October 2012 · 1 min read
Africa Economics Update Nigeria likely to miss fiscal target for 2013 The 2013 budget proposal unveiled by President Goodluck Jonathan today is predicated on reasonableassumptions of economic growth and contains sensible measures to rebalance spending away fromsubsidies... 10th October 2012 · 1 min read
Africa Chart Pack Growth holding up amid global headwinds The economies of sub-Saharan Africa have so far proved resilient in the face of mounting global headwinds. Q2 GDP data released over the past month have shown a pick-up in growth in several of the... 26th September 2012 · 1 min read
Africa Economics Update Central Bank of Nigeria still in wait and see mode The Central Bank of Nigeria (CBN) kept interest rates on hold at 12.00% today and is likely to stay in wait and see mode over the coming months as the effects of a spike in global food prices feed... 18th September 2012 · 1 min read
Africa Economics Update Non-oil sector spurs modest pick-up in Nigerian growth The Nigerian economy picked up pace in the second quarter of this year, but problems in the oil sector mean that it is still growing below its potential. Nonetheless, with inflation remaining above... 17th September 2012 · 1 min read
