INTO AFRICA 2017 |

Africa’s Central Banks Reaction Amid Inflation and Growth Concerns

LAGOS (Capital Markets in Africa) – Angola’s central bank left its benchmark BNA rate at 16.0% on 30th January 2017. The National Bank of Angola (BNA), which raised its rate 500 basis points last year – most recently in June – to curb inflation, added its monetary policy committee had also taken note of the trend of declining monetary indicators. Botswana’s central bank left its benchmark lending rate unchanged at 5.5% on 28th February 2017, saying…

Which Path Africa’s Inflation Rate is Taking in January?

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Angola’s inflation slowed to 40.39% year-on-year in January from 41.95% in December, data from the national statistics agency showed. Prices increases on a month-on-month basis rose 2.29% in January compared to 2.17% previously. Botswana’s consumer inflation inched up to 3.1% year-on-year in January from 3.0% in December, data from the statistics office showed. Prices rose 0.4% month-on-month compared to 0.1% previously. Burundi’s year-on-year inflation jumped to 12.9% in January…

INTO AFRICA March 2017 Edition: Africa’s Lions: Trust in Fundamentals

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: Welcome to March edition of INTO AFRICA, the publication with fresh insight into Africa’s emerging capital markets. Please download by clicking: INTO AFRICA PUBLICATION: MARCH 2017 EDITION. Recent years have been challenging for Africa: so is the honeymoon over or did the wedding even take place? The oil price crash has had a serious impact on several African countries; the strength of the dollar is causing financing and FX issues; incidences of terrorism…

Angola Economic Outlook for 2017: Growth Prospect & Threats

Posted on by The Editorial Team

LUANDA (Capital Markets in Africa) – Angola is facing a tough macroeconomic environment, in line with other countries in Sub-Saharan Africa such as Nigeria and South Africa that saw economic growth come to a halt or even turn into negative territory during 2016. Similar to what happened in the oil crisis of 2008-09, the current downturn in Angola has been the result of the sharp and prolonged decline in oil prices that started in the…

A Prognosis of Ghana’s Macroeconomic Prospects in 2017

Posted on by The Editorial Team

ACCRA (Capital Markets in Africa) – Ghana’s much-anticipated return to macroeconomic stability started to materialize in 2016, on the back of the ongoing fiscal adjustment program with the IMF and its associated front-loaded fiscal measures implemented since April 2015. The most notable indication of emerging macroeconomic stability in 2016 was observed in the foreign exchange market where the Ghana Cedi recorded a relatively more stable outturn against the major international trading currencies. The Cedi’s improved…

Kenya’s 2017 Macroeconomic Fundamentals

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – The year 2017 is shaping up to be a year of stable growth, despite being an election year in the country. In this article, we highlight and discuss the macroeconomic fundamentals in Kenya, the key opportunities in different sectors of the economy, and finally discuss the key challenges facing the growth prospects of the country. Kenya is one of the fastest growing economies in the Sub-Saharan Africa region, with…

Insight into Nigeria’s Macroeconomic Climate in 2017

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The novelty has worn off by now. Barring a minor miracle, the Nigerian economy entered a full-year recession in 2016, its first in two decades. Added to this, the simultaneous rise in unemployment (up to 13.9% according to most recent data) and inflation (18.6% in December) tilted the country into stagflation. A slump in oil export earnings on the back of major disruptions in oil production significantly contributed to…

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