Africa Economics Update Ghana’s growth to surprise on the upside Ghana’s economy slowed in Q2 on the back of weakness in the cocoa sector and we expect the effects of the energy shock to dampen growth over the rest of the year. But looser policy should help to... 10th September 2026 · 4 mins read
Africa Rapid Response South Africa GDP (Q2 2026) The South African economy’s contraction of 0.2% q/q in the second quarter may not have been as bad as it first appears but, even so, it is likely to put an end to any talk of further rate hikes from... 8th September 2026 · 2 mins read
Africa Economics Weekly Nigeria & Angola pick up, S. Africa Q2 data to disappoint The strength of the Q2 GDP figures out of Nigeria and Angola this week has prompted us to revise up our 2026 growth forecasts for both economies. But while Nigeria’s economy is likely to strengthen... 4th September 2026 · 5 mins read
Africa Economics Weekly Naira rally won’t last, Strong SA Data, Zambia Inflation High commodity prices have continued to support the Nigerian naira, but we don’t think this will continue. For the Zambian kwacha, heightened post-election political uncertainty is a key risk that... 28th August 2026 · 5 mins read
Africa Chart Pack Africa Chart Pack (Aug. 2026) Economic growth in the region has been resilient in the face of the energy shock, and we think it will accelerate from here. Inflation held steady or slowed, including in Nigeria and South Africa... 24th August 2026 · 0 mins read
Africa Economics Update South Africa: softer Q2 but reasons to be upbeat The latest batch of activity data from South Africa point to GDP growth softening to around 0.3% q/q in the second quarter. That said, we remain confident in our above-consensus forecast for the... 19th August 2026 · 3 mins read
Africa Rapid Response South Africa Consumer Prices (Jul. 26) The large fall in South African inflation in July, to 4.3% y/y, will likely prove a blip and the headline rate is likely to rise into early 2027. That should keep the SARB on the sidelines in the near... 19th August 2026 · 2 mins read
Africa Rapid Response Nigeria Consumer Prices (Jul. 26) The fall in Nigeria’s headline inflation rate from 15.9% in June to a lower-than-expected 15.4% y/y in July, suggest that the door is open to the resumption of the monetary easing cycle next month. 17th August 2026 · 2 mins read
Africa Economics Weekly AGOA extended, Kenya and Uganda hold rates The African Growth and Opportunity Act took another step towards being extended this week, providing further evidence that Africa is emerging from the latest US trade actions relatively unscathed... 14th August 2026 · 5 mins read
Africa Economics Update What to expect in Zambia’s election President Hakainde Hichilema enters tomorrow’s general elections in Zambia as the frontrunner, buoyed by progress on long-running sovereign debt restructuring and a strong copper windfall. The next... 12th August 2026 · 3 mins read
Africa Economics Update Can Africa move up the commodity value chain? Governments in parts of Sub-Saharan Africa are increasingly turning to interventionist measures to boost refining of commodities. But many of the conditions to make this a success, including transport... 11th August 2026 · 4 mins read
Africa Economics Weekly Ghana soft inflation, Nigeria’s military get spending boost Ghana’s surprisingly soft inflation print for July suggests that another rate cut is possible, but robust growth and the BoG’s drive to build its credibility and stabilise the cedi mean we still think... 7th August 2026 · 5 mins read
Africa Economics Weekly Ghana and South Africa’s fiscal discipline paying off Ghana's reforms under its IMF program, which finished this week, have given the government space to loosen policy to support growth. Fiscal discipline is also paying off in South Africa, where the... 31st July 2026 · 5 mins read
Africa Economics Update Africa: lower US tariffs, but China will be the key partner Sub-Saharan Africa has come out of the latest round of US tariffs in a better position relative both to last year and to many other EMs. That will provide opportunities for some countries. But even so... 30th July 2026 · 4 mins read
Emerging Markets Financial Risk Monitor EM Financial Risk Monitor (Jul. 2026) Our proprietary EM financial risk indicators show that the majority of EMs have been well placed to weather the effects of the energy shock. Our aggregate EM currency crisis risk indicator remains... 30th July 2026 · 8 mins read
Africa Chart Pack Africa Chart Pack (Jul. 26) Economic growth in the region has been resilient in the face of the energy shock, and we think growth will accelerate from here. Although inflation rose last month, most central banks will be able to... 29th July 2026 · 0 mins read
