S&P affirms Nigeria’s sovereign credit ratings at B-/B with a stable outlook
S&P affirmed Nigeria's long- and short-term foreign and local currency sovereign credit ratings at 'B-/B' with a stable outlook. According...
Sub-Saharan Africa: high inflation continues to constrain economic activity
Yesterday brought with it the monthly wave of Purchasing Managers Index (PMI) data. There were no major surprises in terms...
East Africa: WHO appeals for US$123.7m
To help overcome a food crisis in the Horn of Africa, the World Health Organization (WHO) has appealed for US$123.7m....
Egypt: companies highlight sharp fall in demand linked to inflationary pressures
The S&P Global Egypt PMI rose to 46.4 in July, from a two-year low of 45.2 in June. While the...
Eni plans second liquefied natural gas production vessel offs Mozambique
Gas prices have been soaring over the last few months as supply concerns have continued to increase. In particular, Europe...
Nigeria: Strong output levels support July operating conditions
Operating conditions within Nigeriaโs private sector improved in July. Nigeriaโs headline PMI reading came in at 53.2 in July compared...
Egypt net FDI grew by 183% during Q1 2022
Data from the Central Bank of Egypt showed that net foreign direct investment (FDI) in Egypt grew by 183 percent...
Kenya: month-long subsidy to bring inflation back within target range
Headline inflation in Kenya exceeded expectations, accelerating from 7.9 percent y/y in June to a five-year high of 8.3 percent...
Zambia on the brink of securing a US$1.4bn IMF facility
After months of delay, Zambia is on the brink of securing a US$1.4bn facility with the International Monetary Fund (IMF)....
Kenya turns to non-debt measures to finance infrastructure projects
Government-backed Korea Overseas Infrastructure & Urban Development Corp. is in talks with Kenya to build a $1.5bn highway connecting the...
