China’s pledge to provide tariff-free access to imports from Africa is a clear effort to strengthen ties as the US disengages from the region, and also appears to be a concessions to African leaders concerned about a rise in low-cost imports from China. Meanwhile, South Africa’s labour market data have come under scrutiny over the past week but the big picture is that the labour market is not a source of disinflationary pressure. Elsewhere, Kenya’s Finance Minister, John Mbadi, presented the 2025/26 Budget this week but some slippage on the plans seems likely, meaning that default concerns will continue to linger.
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