Africa Markets Podcast
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Africa Markets Podcast
RMB's research offering spans across the fixed income, currency and credit markets to offer strategic insight to our clients across multiple sectors and markets.
Neueste Episoden
100 Episoden
AMI 7 June 2022: Africa PMI figures reveal growth concerns
PMI: As inflationary pressures continue unabated across the continent, businesses are having to contend with higher input costs across the board. The...
AMI 3 June 2022: Namibia’s hospitality sector gradually improving
Namibia: The latest data from the Hospitality Association of Namibia shows an improvement in National Occupancy rates. Room occupancy in April was rec...
AMI 2 June 2022: Pump prices see further increases
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 fue...
AMI 1 June 2022: Kenya’s inflation edges higher
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 th...
AMI 31 May 2022: CBK raises interest rates by 50bp
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%. T...
AMI 30 May 2022: Egypt’s ratings outlook goes negative – Moody’s
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 hav...
AMI 27 May 2022: Zambia - disinflation continues
he inflation deceleration trend continued in May as headline CPI printed 130bp lower at 10.2% from 11.5% in April.
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AMI 26 May: Mozambique grows by 4.1% in the first quarter
Mozambique: During the first quarter of the year, the economy grew 4.1% as sectors such as hotels and restaurants, extractive industry, transport and...
AMI 24 May: Ghana hikes by 200bp, as expected
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 inflation...
AMI 23 May 2022: Ghana further hikes expected
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. I...
AMI 20 May 2022: Egypt hikes aggressively – more to come
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 authoritie...
AMI 19 May 2022: Zambia MPC’s opts to hold
Zambia: At the second sitting of the year, the monetary policy committe in Zambia opted to maintain the policy rate at 9%. The deceleration in inflati...
AMI 18 May 2022: Zambia’s MPC balances between disinflation and global interest rates
Zambia: The central bank of Zambia will have to balance two key themes during its monetary policy meeting brief: inflation, which has been deceleratin...
AMI 17 May 2022: Fuel pump adjustments impact Botswana’s inflation
Botswana: Botswana’s inflation moderated to 9.6% y/y in April (down from 10.0% y/y in March). The main contributors to the headline were the transport...
AMI 16 May 2022: Wheat prices climb on India ban
Wheat: India has instituted a ban of its wheat exports, a move that has sent global wheat prices higher amid an already tepid soft commodity environme...
AMI 14 April 2022: Inflation surges in Ghana and Bank of Namibia hikes as expected
Inflation has accelerated to 19.4%y/y in Ghana at the end of March. The latest print is the highest ever seen over the past decade as food and fuel pr...
AMI 13 April 2022: Namibia rate hike on the cards
Namibia: We expect the central bank of Namibia to hike interest rates today by 25bps in line with regional movements. Namibia’s inflation has been rel...
AMI 12 April 2022: Egypt’s inflation prints above ten percent
Egypt: The latest data shows annual inflation came in at 10.5% at the end of March as the effects of Russia-Ukraine war exacerbate conditions in the c...
AMI 06 April 2022: PMI figures bake in the war
PMI: The impact of the Russia-Ukraine war has had an impact on the latest PMI numbers with several respondents across the continent noting the disrupt...
AMI 05 April 2022: Inflation expectations to remain elevated
Fuel and fertilizer: Inflation expectations are expected to lift as the second quarter of the year starts. While oil prices have hovered above the US$...
AMI 04 April 2022: Kenya: market stability necessary for continued growth - CEO survey
Kenya: First quarter survey of CEOs operating in Kenya indicated that there is general optimism about the business environment on account of relaxed c...
AMI 1 April: Zambia inflation moderates while Namibia’s economy rebounds
Zambia: Inflation for March continued on its disinflationary path as it eased to 13.1% from the 14.2% recorded in February. The moderation can be attr...
AMI 31 March 2022: Mozambique hikes amid fears of rising inflation
Mozambique: The monetary policy committee of Mozambique has opted to hike interest rates by 200bps, a sign that the central bank is concerned about in...
AMI 30 March 2022
Kenya: The monetary policy committee have opted to keep interest rates flat in Kenya given their broad view that the economy is on a path of recovery...
AMI 29 March 2022: IMF and Mozambique reach staff level agreement
Mozambique: The IMF team reached a staff-level agreement with the Mozambican authorities on a new arrangement under the Extended Credit Facility (ECF...
AMI 28 March 2022: Zinc prices remain high on limited supply
Commodity prices have continued to soar since the start of the war in Europe. While part of the gains were associated with the general sell-off, the r...
AMI 25 March 2022: Zambia currency to remain rangebound
The MoF indicated that Zambia was on path to reach an IMF board approval by mid-year. While we change our base case for board approval later in the se...
AMI 24 March 2022: Ghana set to announce expenditure cuts
Ghana: The Ghanaian authorities are expected to announce budget cuts later today to improve the fiscal trajectory of the country. Concerns have mounte...
AMI 23 March 2022: A focus on Egypt
Egypt: Since the onset of the Russia-Ukraine war, Egyptian authorities have set in motion both fiscal and monetary policy changes. We saw similar swif...
AMI 22 March 2022: Ghana hikes amid inflationary concerns
Ghana: Bank of Ghana has opted to hike the main policy rate by 250bps, raising it to 17% in an attempt to arrest inflation across the economy. The MPC...
AMI 25 February 2022: Botswana’s bank rate stays put at 3.75%
The Bank of Botswana’s MPC maintained the bank rate at 3.75% at a meeting held on 24 February 2022. This decision was made against a backdrop of eleva...
AMI 24 February 2022: Commodities rise on Russsia-Ukraine tensions
The ordered Russian military action on Ukraine has sent commodity prices soaring, including PGMs lift as well as safe-haven assets.
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AMI 23 February 2022: Brent crude oil expected to breach US$100/bbl
Nigeria: The Russia-Ukraine tensions have persisted.
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AMI 22 February 2022: Kenyan shilling supported by satisfactory FX reserves and higher remittance inflows
Kenya: Kenya’s National Treasury released the Quarterly Economic and Budgetary review for 2021/22. The document noted that the economy had grown, on a...
AMI 21 February 2022: Zambia - Kwacha gains and credit rating upgrade
he kwacha has gained ground over the past week, leading to a monthly gain of 3.6%
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AMI 18 February 2022: Nigerian economy grows by 3.4% in 2021
Nigeria: Real GDP growth came in at 3.40% y/y in 2021 as one of Africa’s largest economies recovered from the 2020 recession.
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AMI 17 February 2022: Zambia and Namibia interest rate decisions
Monetary policy: The Bank of Zambia MPC opted to keep interest rates flat at the February meeting.
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AMI 16 February 2022: Botswana inflation – still on the rise
Botswana: Inflation kicked-off the year by printing a staggering 10.6% y/y in January (compared to 2.3% y/y in January 2021). The main driver of domes...
AMI 15 February 2022: Mozambique GDP growth — lower than expected
Data from Mozambique’s statistics institute revealed that growth came in lower that we had expected in 2021, printing at 2.16% y/y versus our estimate...
AMI 14 February 2022: Pressure mounts on regional inflation
Inflation: The latest surge in oil prices, combined with higher regional maize price indicators relative to last year, will cause further price inflat...