Nigeria CPI (Mar. 2020)

The slight rise in Nigerian inflation in March, to 12.3% y/y, is unlikely to prevent policymakers from cutting their key rate in May to ease the country’s economic pain caused by the coronavirus.
Virag Forizs Emerging Markets Economist
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Africa Data Response

South Africa Manufacturing PMI (Jul.)

South Africa’s manufacturing PMI tanked in July as activity was hit by violent unrest and tighter virus containment measures. And while activity is likely to rebound this month, South Africa’s recovery is likely to continue to lag behind other major EMs.

2 August 2021

Africa Economics Weekly

South Africa’s fiscal tightrope, FX reshuffling in Nigeria

"Post-unrest relief measures announced by the South African authorities will probably go some way to offset the blow to the economy. The government expects to be able to stick to its fiscal consolidation plan, but the path to do so has narrowed again. Meanwhile in Nigeria, the central bank’s move this week to shake up foreign exchange provision in the country risks hurting economic activity and exacerbating inflationary pressures."

30 July 2021

Africa Chart Book

Delta threat building

The highly contagious Delta variant of COVID-19 seems to be dominant now across much of Sub-Saharan Africa and is driving new waves in many of the large economies. South Africa appears to be over the worst of its latest outbreak, although it now has to contend with the legacy of violence and unrest earlier this month. Elsewhere, cases are rising quickly and could dampen recoveries. Extremely low vaccine coverage makes the region particularly vulnerable to this variant and potential future ones. Even in South Africa, where the rollout is quick by regional standards, at the current pace it would take a year for vaccine coverage to reach the levels offering protection against new variants seen in DMs.

29 July 2021

More from Virag Forizs

Africa Economics Update

SA: mixed industry performance to converge to weakness

South African hard activity data for April painted a mixed picture about the rebound in the mining and manufacturing sectors. By and large, though, the economy is in for a slow and bumpy recovery.

10 June 2021

Africa Data Response

South Africa GDP (Q1)

South Africa’s economy weathered a second virus wave relatively well, but with cases rising again and other headwinds hanging over the outlook, the recent strength of the recovery is unlikely to last.

8 June 2021

Africa Economics Weekly

SA tightens virus curbs, Ghana surprises with rate cut

The recent tightening of containment measures to curb South Africa’s third virus wave will probably not be as damaging for the economy as earlier rounds of restrictions. Even so, the prospect of further waves and other headwinds will weigh on the recovery. Meanwhile in Ghana, policymakers delivered a surprise interest rate cut this week, but that is unlikely to be followed by further easing in Ghana or elsewhere in the region.

4 June 2021
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