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 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 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 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
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
Africa Economics Weekly Hawkish holds in Ghana & Nigeria, dovish hold in South Africa The decisions by central banks in Nigeria and Ghana to hold interest rates (rather than cut) suggests that policymakers in both countries are focusing on burnishing their inflation-fighting... 24th July 2026 · 5 mins read
Africa Economics Update Tinubu enters 2027 polls with a solid economic record Nigeria’s president, Bola Tinubu, will head into the elections in six months’ time at the helm of an economy with a stronger external position, a more credible central bank and some modest fiscal... 22nd July 2026 · 4 mins read
Africa Economics Weekly South Africa and Nigeria rate meetings, Angola’s large cut South Africa’s central bank is likely to hike rates again next week, but with inflation stabilising and underlying pressures relatively soft, we think this will be the last in the cycle. Nigeria... 17th July 2026 · 5 mins read
Africa Economics Weekly SA Treasury cuts off municipalities, Nigeria’s oil output South Africa’s municipal funding freezes this week signal the Treasury’s commitment to fiscal discipline, but risks hurting the ANC’s electoral appeal ahead of November's critical local elections. In... 10th July 2026 · 5 mins read
Africa Economics Weekly Nigeria’s fiscal travails, East Africa and Ghana inflation The IMF's warning this week that Nigeria’s budget deficit is wider than officially reported comes on the back of recently-raised concerns about the use of total return swaps and will put pressure on... 3rd July 2026 · 5 mins read
Africa Chart Pack Africa Chart Pack (Jun. 26) The US-Iran deal has triggered a slump in energy prices providing relief to Africa’s energy importers, particularly those in East Africa. Energy exporters such as Angola and Nigeria will see their... 30th June 2026 · 0 mins read
