Zambia: The statistics agency in Zambia reported first growth for 2022 at 2.4 q/q. Key contributors included Public Admin, ICT, Electricity, Accommodation and Real estate. See omnystudio.com/listener for privacy information.

AMI 29062022: Base metals down for the year

Jun 29th, 2022 1m 42s

Commodities: Over the past month, there has a been a significant decline in prices across most commodifies – fueled by fears of lackluster economic performance. The market is pricing in a recession as higher inflationary pressures erode product

AMI 28062022: Côte d'Ivoire and Kenya

Jun 28th, 2022 1m 50s

Côte d'Ivoire: Moody’s has affirmed Côte d'Ivoire’s sovereign rating at Ba3 and has changed its outlook from stable to positive. This is largely informed by the country’s prospects for growth between now and 2025 with GDP expected to print nort

AMI 27062022: Fitch downgrades Namibia to “BB-“

Jun 27th, 2022 1m 32s

Namibia: Fitch ratings agency has opted to downgrade Namibia’s sovereign rating from “BB” to “BB- “on account of worsening twin deficits relative to its peers. Fitch expects the budget deficit (% of GDP) to come in at 7.6% in 2022, wider than t

AMI 24062022: Egypt – MPC keeps rates on hold

Jun 24th, 2022 1m 34s

Egypt: The MPC opted to keep rates on hold as they wait to observe the impact of the year-to-date 300bp increase in interest rates. Lending rate remains at 12.5% while the deposit rate is 11.5%.See omnystudio.com/listener for privacy informatio

AMI 22062022: Namibia’s hospitality sector continues to improve

Jun 22nd, 2022 1m 27s

Namibia: Room occupancy rates from the Namibia Hospitality Association of Namibia continue their upward trend, coming in at 39.4% during May. This is higher than the 36.5% recorded in April and the 25.7% recorded over the same period last year.

AMI 21062022: Namibia house price growth cools

Jun 21st, 2022 1m 29s

Namibia: The latest FNB Namibia residential property report indicated that the House Price Index grew by 4.7% at the end of the first quarter of this year, down from 7.1% at the end of 2021, but unchanged compared to 1Q21. See omnystudio.com/li

AMI 20062022: Botswana’s Monetary Policy Rate up by 50bps

Jun 19th, 2022 2m 59s

Botswana: The Bank of Botswana’s (BoB) Monetary Policy Committee (MPC) increased the Monetary Policy Rate (MoPR) by 50bps at a meeting held on 16 June 2022, effectively increasing the MoPR from 1.65% to 2.15%. Furthermore, repo and reverse repo

AMI 15062022: Namibia’s rental price growth low but positive

Jun 15th, 2022 1m 21s

Namibia: The latest FNB Rental Index data shows that prices edged up by 0.6% at the end of March as rental activity picks up across the country. According to the FNB Residential Rental report, upward price action is seen across the properties w

AMI 14062022: Mozambique inflation - shy of 10%

Jun 14th, 2022 1m 34s

Mozambique: Food and transport inflation seem to be the main protagonists in the latest inflation print which came in at 9.3% y/y in May, highest level since September 2017. The Russia-Ukraine war and its impact on global prices combined with g

AMI 13062022: Fears around fresh new China lockdowns

Jun 13th, 2022 1m 33s

China: Commodity prices have reacted negatively to the news of China reimposing some of the lockdown conditions that it had started to loosen a few weeks ago. See omnystudio.com/listener for privacy information.

AMI 10062022: Egypt inflation prints 13.5%

Jun 10th, 2022 1m 30s

Egypt: Egypt inflation remains above 10%, coming in at 13.5% in May. The index has soared on the back of higher food prices. Egypt has been impacted by Russia-Ukraine war which resulted in disruptions to trade globally but more importantly has

AMI 9 June 2022: Ghana’s inflation sky rockets

Jun 9th, 2022 1m 30s

Ghana: Inflation in Ghana edged 27.6% y/y in May as transport prices rose by 39.0%y/y, household equipment by 33.8% y/y, housing and utilities by 32.3% y/y and food by 30.1% y/y.See omnystudio.com/listener for privacy information.

AMI 08062022: World bank slashes global growth forecasts

Jun 8th, 2022 1m 38s

Global: The World bank has revised its forecasts for 2022 global growth to 2.9% from its earlier expectations of 4.1% for the year. Necessitating the change is the Russia-Ukraine war and the subsequent economic impact across the world at a time

AMI 7 June 2022: Africa PMI figures reveal growth concerns

Jun 7th, 2022 1m 21s

PMI: As inflationary pressures continue unabated across the continent, businesses are having to contend with higher input costs across the board. The latest PMI data shows that in May, business conditions have deteriorated across the continent

AMI 3 June 2022: Namibia’s hospitality sector gradually improving

Jun 3rd, 2022 1m 26s

Namibia: The latest data from the Hospitality Association of Namibia shows an improvement in National Occupancy rates. Room occupancy in April was recorded at 36.5% relative to 27.0% over the same period last year. See omnystudio.com/listener f

AMI 2 June 2022: Pump prices see further increases

Jun 2nd, 2022 1m 38s

SSA: Zambia has announced a 3.3% increase in pump prices on the back of rising oil prices. Earlier this week, South Africa, which has extended its fuel price relief, See omnystudio.com/listener for privacy information.

AMI 1 June 2022: Kenya’s inflation edges higher

Jun 1st, 2022 1m 26s

Kenya: Inflation has passed the 7% mark in Kenya, coming in at 7.1%y/y as food and fuel inflation continues to drive average prices higher. This is the highest print since February 2020. Cooking oil and wheat prices continue to increase in Keny

AMI 31 May 2022: CBK raises interest rates by 50bp

May 31st, 2022 1m 54s

Kenya: In line with our base case scenario, the MPC opted to increase interest rates by 50bp, raising the benchmark interest rate from 7.0% to 7.5%. The narrative for higher interest rates is similar to that of other economies and can be summar

AMI 30 May 2022: Egypt’s ratings outlook goes negative – Moody’s

May 30th, 2022 1m 35s

Egypt: Moody’s has changed Egypt’s outlook to negative from stable, whilst maintaining the sovereign rating at B2. The effects of the pandemic are having a devastating impact on the Egyptian economy as food inflation soars and as concerns aroun

AMI 27 May 2022: Zambia - disinflation continues

May 27th, 2022 2m 19s

he inflation deceleration trend continued in May as headline CPI printed 130bp lower at 10.2% from 11.5% in April.See omnystudio.com/listener for privacy information.

AMI 26 May: Mozambique grows by 4.1% in the first quarter

May 26th, 2022 1m 31s

Mozambique: During the first quarter of the year, the economy grew 4.1% as sectors such as hotels and restaurants, extractive industry, transport and logistics sector grew above 5.0% over the same period. Meanwhile, low growth was found in the

AMI 24 May: Ghana hikes by 200bp, as expected

May 24th, 2022 1m 40s

The Bank of Ghana opted to raise the main policy rate by a further 200bp, from 17% to 19%. The move was largely anticipated given the rising inflationary pressures in the economy.See omnystudio.com/listener for privacy information.

AMI 23 May 2022: Ghana further hikes expected

May 23rd, 2022 1m 39s

Ghana: With inflation soaring past 20% and real policy rates turning negative, we expect the BoG to continue hiking interest rates in the near term. In our base case, we expect the Bank of Ghana to increase interest rates by 300bp over the next

AMI 20 May 2022: Egypt hikes aggressively – more to come

May 20th, 2022 1m 45s

Egypt: In our March inflation commentary, we mentioned that the upward trend in inflation was likely going to lead to a further hike by the authorities in Egypt. Inflation in April however edged to 13.1%, significantly higher than market expect