Africa Economics Focus Kenya: testing times, but brighter outlook beyond next year Our new GDP Tracker for Kenya suggests that the economy has picked up a little pace in the second half of 2012, but that growth remains subdued by recent standards. Looking ahead, the combination of a... 12th December 2012 · 1 min read
Africa Chart Pack Nigeria remains the outperformer Sub-Saharan Africa’s three major economies – South Africa, Nigeria and Kenya – have experienced mixed fortunes in the second half of this year. Early estimates of Q3 GDP for Nigeria suggest that the... 30th November 2012 · 1 min read
Africa Economics Update Elections take centre stage The recent peaceful transitions of power following elections in Senegal and Zambia demonstrate that the threat of voting-related violence in sub-Saharan Africa (SSA) has been receding in the past few... 13th November 2012 · 1 min read
Africa Economics Update Kenya cuts rates, pace of easing now set to slow The Central Bank of Kenya cut its benchmark interest rate by 200bps to 11.00% today but, while there is still room for further easing, rates are unlikely to continue falling so sharply over the next... 7th November 2012 · 1 min read
Africa Chart Pack South Africa is still the region’s laggard Growth across sub-Saharan Africa continues to hold up well, despite a weak global economic backdrop. Most countries have now released Q2 GDP data, with particularly strong performances recorded in... 29th October 2012 · 1 min read
Africa Economics Update Kenya’s current account deficit remains its Achilles’ heel Kenya’s large current account deficit leaves it exposed to a sudden deterioration in the external funding environment, and is one reason to expect a slowdown in the monetary easing cycle in the coming... 19th October 2012 · 1 min read
Africa Economic Outlook Solid growth amid global weakness Sub-Saharan Africa (SSA) is not completely immune to the continuing crisis in the euro-zone and the effects of weakening growth elsewhere in the developed world, but strong domestic demand and scope... 17th October 2012 · 1 min read
Africa Economics Update African eurobonds: who is next in line? Sub-Saharan African (SSA) eurobond markets hit the headlines in September when Zambia’s debut $750mn 10yr bond issue, which was 15 times oversubscribed, became the most successful ever in the region... 12th October 2012 · 1 min read
Africa Economics Update Weak Q2 growth to prompt further rate cuts in Kenya Weaker-than-expected second quarter growth in Kenya reinforces the case for further rate cuts at the central bank’s next meeting in November. While we expect a slight pick-up in the second half of the... 28th September 2012 · 1 min read
Africa Chart Pack Growth holding up amid global headwinds The economies of sub-Saharan Africa have so far proved resilient in the face of mounting global headwinds. Q2 GDP data released over the past month have shown a pick-up in growth in several of the... 26th September 2012 · 1 min read
Africa Economics Update Kenyan growth to pick up but vulnerabilities persist Q2 GDP data for Kenya, due to be released this week, are likely to show a pick-up in growth from Q1, and we expect further acceleration in the second half of the year. However, the country remains... 24th September 2012 · 1 min read
Africa Economics Update Positive medium-term outlook despite risks The ongoing unrest in South Africa’s mining sector has led many to question the medium-term economic outlook for sub-Saharan Africa (SSA), but we still believe the region has huge growth potential. In... 13th September 2012 · 1 min read
