Latest Analysis
Fixed Income Daily: Bond market and currency metrics for African capital markets
Kenya – Price inflation is expected to average 6.2% this year compared with a previous forecast of 6.4%, revised due to more moderate demand-side pressures (in tandem with a lower real GDP growth fore...
Daily Africa Insight: An overview of today’s key events and developments
Mauritius: MPC cuts interest rates; another 15-bps cut possible. Namibia: Food and transport costs continue to drag inflation down. Nigeria: Inflation declines further in July. South Afric...
Talking Point: Mauritius – MPC cuts interest rates; another 15-bps cut possible
The Monetary Policy Committee (MPC) of the Bank of Mauritius (BoM) decided by a majority vote to lower the key repo rate (KRR) by 15 bps to 3.35%, following its latest meeting earlier this month. The...
Talking Point: South Africa – Anti-Ramaphosa campaigns are hurting policy reforms
Despite his assurances on Monday, August 19, that the various campaigns being waged against him are not distracting, President Cyril Ramaphosa has dropped several balls as he juggles policies and refo...
Talking Point: Nigeria – Inflation declines further in July
Last month, inflation declined to a new low for this year. The headline print came in at 11.1% y-o-y in July, down from 11.2% y-o-y in June. Food price pressures continued to moderate, with the readin...
Talking Point: Namibia - Food and transport costs continue to drag inflation down
Headline inflation eased to 3.6% y-o-y in July from 3.9% y-o-y in the previous month, thanks to lower transport, food & non-alcoholic beverage price inflation, according to the Namibia Statistics...
SA Daily Economic Report: Morning market update
Data preview for July: CPI and Q2 real GDP growth US consumer sentiment slides on tariffs, recession worries Trade woes continue to weigh on the eurozone Yellow metal’s price dips as stocks rally...
Fixed Income Daily: Bond market and currency metrics for African capital markets
Zambia – Our base view sees consumer price growth quickening this semester to test the double digit boundary by early Q4 and accelerating to just below 12% y-o-y by end-2019. In anticipation thereof w...
Daily Africa Insight: An overview of today’s key events and developments
Angola: Six-month disinflation streak comes to an end. Mozambique: Easy does it as inflation continues to slow. South Africa: Data preview: July CPI & Q2 real GDP growth. South Afr...
Talking Point: Angola – Six-month disinflation streak comes to an end
The disinflation trend which persisted during 2019 H1 came to an end last month. Headline inflation rose to 17.2% y-o-y in July, up from 16.9% y-o-y in June. The escalation in price pressures is also...
Talking Point: Uganda – Policy rate unchanged in August
At the August Monetary Policy Committee (MPC) meeting, the Bank of Uganda (BoU) kept the country’s benchmark policy rate unchanged at 10%. This decision is consistent with the BoU’s accommodative mone...
Talking Point: Mozambique – Easy does it as inflation continues to slow
The National Institute of Statistics’ (INE) latest consumer price index (CPI) release painted a benign inflation environment for July, leaving room for monetary policy easing. CPI inflation was record...
Angola Quarterly Update: The softer oil price environment has prompted us to lower our forecast to -0.5% for 2019. Should it materialise it would be the fourth straight annual contraction
The Angolan economy has been forced onto the backfoot again, as a result of the low Brent crude price environment and subdued local oil production. These factors have prompted us to lower our economic...
SA Weekly Economic Report: Key developments for the week ended 16 August
The JSE All Share Index fell to a three-month low this week as investors withdrew from riskier markets. Uncertainty over Sino-US trade and growing signs of a slowdown in the global economy weighed on...
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Latest Tweets
#Mauritius #MPC cuts interest rates with 15 bps. A pre-emptive measure to counter slowing global growth.
#SouthAfrica With President Cyril Ramaphosa under attack from parties inside and outside of the ruling ANC, policy making and implementation is taking a backseat at a time when they require serious attention.
#Namibia food and transport costs continue to drag headline #inflation lower.
#Nigeria inflation at a new low for the year at 11.1% in July. While still uncertain, a broad-based ban on food imports will add significant upward pressure on domestic prices.
#Nigeria Muhammadu Buhari sparks dismay over policy shift on food imports ft.com/content/e09f8c… via @financialtimes
Recession warnings pile up for the battered global economy fin24.com/Economy/recess… via @Fin24
#Angola inflation up to 17.2% in July – first increase in six months. Higher electricity tariffs will continue to exert upward pressure, and upside risks to the outlook have mounted.
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