Entries for 'Sub-Saharan Africa'
June 13, 2017
Politics will keep exchange rate volatile this yea
June 8, 2017
South Africa fell into technical recession in Q1. But growth accelerated on a y/y basis and will still be higher in 2017 than in 2016. Prospects for a
June 2, 2017
Sentiment has improved, but we expect recovery to remain slow due to challenges in bringing oil production back to capacity and capital controls hampe
May 19, 2017
Dry weather during the "short rains" season late last year (which hit agricultural production in Q1), a deceleration in credit growth, and a wait-and
April 26, 2017
A year and a half into the Magufuli Presidency, significant progress has been made in spreading basic services such as universal education, clamping d
April 3, 2017
A combination of a shortfall in revenue and higher-than-budgeted expenditure in 2016 reversed the good progress made in the previous three years when
March 9, 2017
AT AN INFLECTION POINT During our recent visit to Tanzania, we saw mounting evidence that economic growth was slowing from its rapid pace of around 7
February 26, 2017
Given the political tightrope he was walking, we think that Minister Gordhan delivered a commendable budget for 2017, striking a delicate balance betw
February 17, 2017
South Africa is facing what could be a watershed year in 2017. In December, the ANC elects a new leader who will likely set the agenda for the party l
January 25, 2017
With the launch of the National Financial Inclusion Strategy (NFIS) in 2012, Nigeria, a signatory of the Maya Declaration, took a first step in suppor
January 24, 2017
The new government has inherited an economy on the mend with growth set to accelerate, the current account deficit narrowing, and inflation and intere
December 16, 2016
Our recent visit to South Africa found an economy struggling to grow against a backdrop of increasing political strains, weak confidence and the need
October 27, 2016
SUFFICIENT TO AVOID A DOWNGRADE? ' ' ' ' The eagerly awaited Medium Term Budget Policy Statement (MTBPS), which sets the fiscal framework for the ne
September 29, 2016
Banking Sector Disrupted ' The focus of the meetings on our recent trip to Nairobi centered on the implications of the Banking (Amendment) Act 2016 t
September 9, 2016
With activity stifled by FX scarcity, capital controls, and sabotage of oil facilities, the economy has slid into recession and unemployment has risen
August 24, 2016
NPLs have also improved, contrary to expectations last quarter, consiste
July 28, 2016
During our recent visit to Accra, we found an economy that had come through a difficult adjustment process, but which is now on a clearer recovery pat
July 24, 2016
The Zambian economy is struggling in the aftermath of a collapse in copper prices and electricity shortages. The exchange rate has depreciated sharply
July 20, 2016
EARLY DAYS IN DIFFICULT ADJUSTMENT On our recent visit to Nigeria, we found an economy starting to adjust, but the road ahead remains rocky. The econ
June 28, 2016
Growth for the region as a whole slowed last year and we expect it to weaken further in 2016, although the extent of the slowdown has been less pronou