Africa Weekly: Kenya-IMF disagreement, SARB’s uncertainty worries

Kenya and the IMF abandoned talks over the ninth review of the country’s existing financing programs this week and, while a new deal may replace it, we think public debt concerns are likely to build. Elsewhere, the South African Reserve Bank left rates on hold this week, but the uncertainties it cited for doing so are likely to fade by the time of May’s MPC meeting. That’s a reason to think that the easing cycle has been paused rather than ended.