Africa Economics Update African markets shrug off weak economic news South Africa’s rand rallied over the past month, despite a string of weak economic data suggesting that growth is slowing and inflation is picking up. Nigeria’s naira held steady, but yields on the... 22nd May 2015 · 1 min read
Africa Economics Update Increased financial inclusion will support growth in Africa New figures from the World Bank confirm that Sub-Saharan Africa’s nascent banking sector is developing along a trajectory not seen in other emerging markets. The rapid expansion of a more inclusive... 27th April 2015 · 1 min read
Africa Economics Update Markets unfazed by Nigeria election so far The surprisingly smooth organisation of Nigeria’s 28 th March election has had little effect on the country’s financial markets so far. A violent crisis remains possible, however, if the losing... 1st April 2015 · 1 min read
Africa Chart Pack Nigerian politics take centre stage All eyes are focused on Nigeria’s election on 28th March, which will almost certainly spark a brief period of political violence when (as seems likely) the losing candidate refuses to accept the... 26th March 2015 · 1 min read
Africa Economic Outlook A difficult year ahead A confluence of domestic and external factors will cut Sub-Saharan Africa’s economic growth in 2015 to its slowest rate this century. Low commodity prices will reduce export earnings and force fiscal... 18th March 2015 · 1 min read
Africa Economics Update Election worries hit Nigeria Sentiment towards Nigeria has soured following news that presidential elections scheduled for earlier this month will be postponed until 28th March due to security concerns. We expect that the naira... 24th February 2015 · 1 min read
Africa Chart Pack Nigeria forced to hike rates, while SA & Kenya hold fire The slump in the Nigerian naira this month forced the central bank to take drastic action. Interest rates were hiked for the first time in three years and the currency was devalued. But given that the... 28th November 2014 · 1 min read
Africa Economics Update Weaker currencies add to need for tighter monetary policy African currencies have not been immune to the recent sell-off in EM financial markets, raising concern in some countries about rising inflation. In this Watch, we examine which economies are likely... 7th October 2014 · 1 min read
Africa Economics Update Effect of slowdown in China to differ across Africa Stronger trade and investment links mean that Sub-Saharan Africa’s economy as a whole is more exposed to China’s than ever before. We forecast China’s economic growth to slow over the next few years... 3rd October 2014 · 1 min read
Africa Chart Pack South Africa comes back into the firing line The South African rand has come under pressure this month as renewed attention on monetary tightening in the US has put the country’s large current account deficit back into the spotlight. The latest... 29th September 2014 · 1 min read
Africa Economics Update Ghana’s markets rebound, but SA’s take a tumble Ghana’s markets have rallied in response to the news that the government has turned to the IMF for support, with the currency strengthening and the yields of dollar-denominated bonds falling this... 26th September 2014 · 1 min read
Africa Economics Update Risks from spate of USD bond issuances look manageable We think that the risks from the recent glut of foreign currency bond issuances by African governments are, for the most part, manageable. Granted, both Ghana and Zambia have turned to the IMF... 8th September 2014 · 1 min read
Africa Economics Update South African markets shrug off bank downgrades South African markets appear to have taken the collapse of African Bank and the subsequent decision by Moody’s to downgrade the ratings of the country’s four largest banks in their stride. Local... 21st August 2014 · 1 min read
Africa Economics Update Glimmers of hope for reform of South Africa’s labour market South Africa’s labour market rigidities have been a key constraint on economic growth over the past few years, but some recent developments have given glimmers of hope that much-needed reform can be... 20th August 2014 · 1 min read
Africa Economic Outlook Cracks emerge in the “Africa Rising” story The long-run growth outlook for sub-Saharan Africa (SSA) remains good, but recent developments have caused cracks to emerge in the “Africa Rising” story. Budget and current account positions have... 15th August 2014 · 1 min read
Africa Economics Update After Zambia and Ghana, will others turn to the IMF? Recent moves by both Zambia and Ghana to request IMF help have focused attention on vulnerabilities in other economies in the region that run large current account deficits. But strong inflows of... 6th August 2014 · 1 min read
