Analyst: Ibukun Omoyeni* i.omoyeni@vetiva.com Fortune favours the bold Growth in Sub-Saharan Africa is estimated to improve by 0.4 ppts y/y to 3.8% in 2024, driven by a rebound among oil exporters and stable but high growth outcomes from diversified economies. Power outages weighed on growth in South Africa, while extended downtimes in the oil sector...

Analyst: Ibukun Omoyeni*i.omoyeni@vetiva.com In the third meeting of the year, the Cardoso-led Monetary Policy Committee (MPC) raised the Monetary Policy Rate by 150bps to 26.25%, leaving other rates constant. In line with the Governor’s guidance at the 2023 Banker’s Committee dinner, the apex bank has delivered a cumulative 750bps hike in H1’24, in a bid...

Analyst: Moshood Salaudeen* m.salaudeen@vetiva.com Inflation eases in top SSA economies, as food prices decline In April 2024, 8 out of the top 10 SSA economies experienced a decline in their headline inflation rate. We highlight that this moderation was driven by a fall in the prices of food across these economies. The average inflation rate...