Vaccine AUphoria?, polls in Uganda, debt relief demand
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Vaccine AUphoria?, polls in Uganda, debt relief demand

15 January 2021
Virag Forizs Emerging Markets Economist
15 January 2021
The announcement that the African Union (AU) has secured a large COVID-19 vaccine order is a positive step towards Africa’s recovery from the coronavirus crisis, but the road remains long and bumpy. In Uganda, the post-electoral environment looks quite fragile and the lingering risk of violence could weigh on the economy and, ultimately, make it more difficult for the government to service its external debts. Elsewhere, Kenya’s belated participation in a global debt relief initiative might be the exception rather than the rule.
Africa
Virag Forizs Emerging Markets Economist
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Virag Forizs Emerging Markets Economist

IN THIS PUBLICATION

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The second consecutive drop in Nigeria’s headline inflation rate, to 17.9% y/y in May, will probably go some way towards easing policymakers’ recent concerns about high and rising inflation. While we expect inflation to remain well above the central bank’s target for the foreseeable future, the MPC is likely to keep interest rates unchanged over the coming years.

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Filling gaps: vaccine supply in SSA & electricity in SA

Leaders of G7 nations meeting this week are ramping up efforts to provide more vaccines to the developing world, which – along with the prospect of larger supplies from China – could give a lift to struggling inoculation campaigns and economic recoveries in Africa. Meanwhile, South Africa announced further steps to address its chronic electricity supply problem that has long weighed on the economy, but the measures will probably take some time to bear fruit.

11 June 2021
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