Africa Economics Update SARB’s pause should not last long The South African Reserve Bank paused its easing cycle as we expected today, but the commentary was dovish suggesting even if positive shocks to inflation do emerge the path of interest rates will... 29th January 2026 · 3 mins read
Africa Chart Pack Africa Chart Pack (Jan. 26) Sub-Saharan Africa is entering one of its best periods of growth since the 2010s, propelled by better terms of trade, low inflation and loose monetary policy. Our forecasts for most countries –... 27th January 2026 · 0 mins read
Africa Economics Weekly China-Africa loans, SARB to pause rate cuts New data this week showed Chinese lending to Africa fell again in 2024. But while lending is slowing, trade is not. And we think it's more likely that China-Africa ties deepen rather than weaken from... 23rd January 2026 · 6 mins read
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor (Jan. 2026) So far at least, there’s little sign that the geopolitical flare-ups this year have affected capital inflows to emerging markets. Indeed, inflows have picked up sharply in the last few weeks. Even if... 22nd January 2026 · 0 mins read
Africa Economics Update Insecurity in Nigeria: the north-south divide is widening US military strikes in northern Nigeria a few weeks ago refocussed attention on the country’s security challenges. Violence remains high nationwide and, while security is improving modestly in the... 22nd January 2026 · 4 mins read
Africa Economics Update South Africa’s solid growth to continue The latest batch of activity data from South Africa were soft but still pointed to the economy ending 2025 on a solid footing. Easing supply conditions, looser monetary policy and improved terms of... 21st January 2026 · 3 mins read
Africa Rapid Response South Africa Consumer Prices (Dec. 25) The rise in South Africa’s headline inflation to 3.6% y/y in December, with core inflation picking up too, suggests that the Reserve Bank will pause its easing cycle later this month. Further out... 21st January 2026 · 2 mins read
Africa Economics Weekly Angola’s aggressive rate cut, SA’s political instability Angola’s central bank cut interest rates by more than expected this week to prop up struggling growth, but growing imbalances make the kwanza vulnerable to falls which could bring this monetary easing... 16th January 2026 · 6 mins read
Africa Economics Update Uganda elections: Museveni to win but unrest risk lingers Uganda heads into elections next week with President Yoweri Museveni widely expected to secure a ninth successive term. Under this status quo, continued investment in the hydrocarbon industry and... 12th January 2026 · 5 mins read
Africa Economics Weekly SSA economies and currencies to fare well in 2026 Zambia’s kwacha has made a bright start to the year, while the naira and rand have also posted early gains. And we expect most African currencies to fare well over the course of 2026. The risk of... 9th January 2026 · 6 mins read
Africa Economics Update South Africa: pick-up in credit growth has further to run Private sector credit growth in South Africa has accelerated and, with further monetary easing on the cards and crowding out by the government likely to wane, we think this will continue. Stronger... 7th January 2026 · 4 mins read
Africa Economics Weekly Lobito rail project, oil prices Angola secured additional financing from the US and other partners this week as it looks to press ahead with the Lobito rail project underlining the Trump administration’s transactional approach to... 19th December 2025 · 6 mins read
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor (Dec. 2025) EM capital outflows continued over the past month, driven by equities while bond inflows persisted. Even if outflows continue, strong external balance sheets mean that most EMs are well placed to... 18th December 2025 · 0 mins read
Africa Rapid Response South Africa Consumer Prices (Nov. 2025) The softer-than-expected South African inflation reading, of 3.5% y/y in November, and weak core inflation will give the Reserve Bank plenty of confidence that it can meet its new, lower 3% inflation... 17th December 2025 · 2 mins read
Africa Chart Pack Africa Chart Pack (Dec. '25) The macroeconomic backdrop has turned increasingly favourable and we expect Sub-Saharan Africa to enter its strongest period of growth in the coming years since the early 2010s. Our forecasts for most... 16th December 2025 · 0 mins read
