Africa Economics Weekly The end of the Iran war and what it means for Africa Many economies in Sub-Saharan Africa, particularly those in East Africa, will be key beneficiaries from the reopening of the Strait of Hormuz and the drop back in global energy prices, although the... 19th June 2026 · 6 mins read
Africa Economics Weekly South African inflation, Abiy’s next term Data due next week are likely to show a further rise in inflation in South Africa in May, strengthening the case for the Reserve Bank to tighten monetary policy again. But we think a hike in July will... 12th June 2026 · 5 mins read
Africa Economics Weekly SA food Inflation, Angola Eurobond, Nigeria GDP The South African Reserve Bank talked up inflation risks at its meeting this week, at which it hiked rates by 25bp, but the tightening cycle is likely to be modest. Elsewhere, Angola has tapped... 29th May 2026 · 5 mins read
Africa Chart Pack Africa Chart Pack (May 26) Higher energy prices will boost Angola and Nigeria’s economies. With elections on the horizon, governments are likely to spend their windfall. Most others in the region are having to manage worse... 27th May 2026 · 1 min read
Africa Economics Weekly South Africa: from one energy crisis to the next South Africa this week marked a full year without power outages, but the effects of the energy shock from the Iran war are now starting to kick in. We think the rise in inflation in April was probably... 22nd May 2026 · 5 mins read
Africa Economics Update Weak naira providing little boost to industry The expansion of Nigeria’s domestic refining capacity has helped to boost the current account surplus and allowed the central bank to rebuild its foreign exchange reserves. But the sharp weakening of... 18th May 2026 · 3 mins read
Africa Economics Update Dangote refinery helping Nigeria weather supply shock The Dangote oil refinery has materially improved Nigeria’s energy security, leaving it better insulated from oil price shocks than before. Nigeria is not immune from the inflationary pressures from... 13th May 2026 · 3 mins read
Africa Economics Weekly Nigeria’s opposition fractures, SSA inflation and El Niño The fracturing of Nigeria’s opposition has improved President Tinubu’s re-election chances. While Tinubu has helped to improve macroeconomic stability, whoever wins the election will need to tend to... 8th May 2026 · 5 mins read
Africa Chart Pack Africa Chart Pack (Apr. 26) The jump in energy prices due to the Iran war will lift revenues in Angola and Nigeria. And upcoming elections mean that most of the windfall will be spent, thereby supporting stronger growth. But... 30th April 2026 · 0 mins read
Africa Economics Weekly SARB can resist rate hikes, Nigeria reshuffle, E. Africa fuel This week’s latest comments from SARB Governor Kganyago reaffirmed the growing risks of interest rate hikes. For now, though, a high policy rate and a strong external position are reasons we think... 24th April 2026 · 6 mins read
Africa Economics Weekly Kenya holds rates, Nigeria insecurity worsening The energy price shock prompted the Central Bank of Kenya to halt its easing cycle this week and, while policymakers sound relatively sanguine, they appear to be underestimating the risks from growing... 10th April 2026 · 7 mins read
Africa Economics Weekly SA trade & budget data, SSA activity holds up Trade and budget data released this week suggest that South Africa headed into the energy price shock in decent shape. But we are concerned about the risks that a longer war could pose to the fiscal... 2nd April 2026 · 7 mins read
Africa Economics Update Oil gains lift Angola and Nigeria, but Mozambique strained The surge in energy prices from the Middle East conflict will boost incomes in Angola and Nigeria and upcoming elections and persistent spending pressures mean that much of the windfall is likely to... 31st March 2026 · 5 mins read
Africa Economics Weekly Fuel prices, SARB watching second-round effects African government’s responses to rising fuel prices are falling into two camps: those passing higher costs directly to consumers and those absorbing them. Kenya and Ethiopia are doing the latter but... 27th March 2026 · 7 mins read
