African Economies |

South Africa Recession Adds Risks to Revenue Estimate, Nene Says

JOHANNESBURG (Capital Markets in Africa) – South Africa may collect less revenue than forecast for the year after the economy fell into a recession, Finance Minister Nhlanhla Nene said. “There is now additional downside risk to the tax revenue projected at the beginning of the year because of the contraction in the economy,” Nene said in an emailed copy of a speech. “Fixing our economy to ensure that it grows faster and in a more sustainable manner is…

INTO AFRICA September 2018 Edition – Gauging 2018 African Outlook

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Welcome to the September 2018 edition of INTO AFRICA, a publication with fresh insight into Africa’s emerging capital markets. This edition reviews Africa’s economies in the first half of 2018 and its title: Gauging 2018 African Outlook. Africa is set to enjoy a modest growth uptick, and decisive policies are needed to both reduce vulnerabilities and raise medium-term growth prospects, according to the IMF. In parallel, the Brookings Institution projected the average growth in the region is to…

INTO AFRICA February 2018 Edition: The Year 2018 -Africa Economy Normalization.

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Happy New Year! A new year, a new edition and a wealth of new insights – tailormade for you. The Capital Markets in Africa would like to proudly introduce the February 2018 edition of the INTO AFRICA – the publication with fresh insight into Africa’s emerging markets. The edition provides insight and foresight into African economies (from Southern Africa to North Africa and East Africa to West Africa as well…

Egypt Economy: Four Tailwinds for Economic Growth in 2018

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CAIRO (Capital Markets in Africa) – Egypt’s economy took a battering after the revolution of 2011, with annual growth declining to 3.1% in 2011-16 from an average of 6.2% in 2005-10. But the economy should recover in 2018, helped by four tailwinds: declining inflation, lower interest rates, recovering tourism and gas production from a new field. Egypt’s macroeconomic conditions were dire in 2016. Foreign currency was in short supply, resulting in the emergence of a…

Activity Expands in African Economies as Stability Boosts Demand

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LAGOS (Capital Markets in Africa) – Business activity in some of sub-Saharan Africa’s biggest economies is expanding due to increased demand and the return of political stability. Purchasing Managers Indexes published on Thursday showed expansion in companies in Nigeria, Kenya, Ghana, Uganda and Zambia in December. In South Africa, the continent’s most-industrialized economy, the index fell and remained below the neutral mark of 50 for the fifth straight month as the fiscal outlook remains challenging and…

Sub-Saharan Africa Outlook subject to significant downside risks

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LAGOS (Capital Markets in Africa) – The World Bank projected economic growth in Sub-Saharan Africa (SSA) to accelerate from 2.4% in 2017 to 3.2% in 2018 and to average 3.6% annually during the 2019-20 period, supported by an increase in commodity prices and stronger domestic demand. Still, it expected the region’s growth rate to remain below the pre-global financial crisis level, as Angola, Nigeria and South Africa, the region’s largest economies, continue to face challenges….

Malawi Sees at Least 5.5% Growth This Year; Plans Power Boost

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LILONGWE (Capital Markets in Africa) – Malawi’s economy will expand at least 5.5 percent this year as the country recovers from a drought that ravaged crops throughout southern Africa, President Peter Mutharika said. The country also plans to bolster its power-generating capacity in the next decade, using a $200 million World Bank loan to help to raise the generation to 2,500 megawatts from 350 megawatts now, he told lawmakers Friday in the capital, Lilongwe. Of the current installed…

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