01/10/2023
Global banks see Kenya’s growth dropping below 5pc
Downside risks to the outlook include a ballooning public debt, further interest rate rises and additional unfavourable weather events.
Comment, Analysis & Research
01/06/2023
Remittance inflow to Kenya crosses $4bln
Cumulative inflows continue to support current account and forex market
01/06/2023
Firms see gloomy 2023 on global slowdown fears
As a result, inventory gains were moderate (in December) and concentrated in the agricultural sector, with declines recorded elsewhere.
01/04/2023
SA, Nigeria and Ghana are risks for Sub-Saharan Africa in 2023, says Fitch
Region’s overall growth rate forecast to accelerate mildly in 2023, though inflation is set to remain well above the 10-year average
01/03/2023
Private sector salary reviews performance-based, says NECA
The Federal Government had said it would soon announce salary increments for civil servants and public officials due to the steady increase in consumer goods.
01/03/2023
Warning over tough year ahead
Data published on Saturday showed that China’s abrupt reversal of its Covid Zero policy pushed economic activity in December to the slowest pace since February 2020 as the virus swept through major cities and prompted people to stay home and busines
12/30/2022
South African rand weakens ahead of budget, trade balance data
The government's benchmark 2030 bond ZAR2030= was higher in early deals, with the yield down 2 basis points to 10.235%.
12/29/2022
Property developments and buying off-plan in South Africa – what you need to know
As the draft plans are not final, there may be a need for the builder and developers to deviate from the draft plans, but they will always need to seek the purchaser’s approval should the deviations impact them, the firm said.
12/28/2022
Ugandan banks’ mixed fortunes on low economy growth, inflation
Uncertainty over the final expiry of extended credit relief measures saw some businesses struggle to recover
12/28/2022
Major property markets to experience house price falls in 2023
These price declines will not make housing affordable, as mortgage rates have doubled since the start of 2022 and are expected to rise further
12/27/2022
The most in-demand jobs and skills in South Africa – report
With an increased focus on hiring individuals who can influence business revenue, business development managers, specialising in insurance, wealth, and banking have become popular within the job market.
12/22/2022
Middle-class South Africa is in serious financial trouble
“At a macro level, the credit market is looking relatively resilient despite continued inflation and rising interest rates,”
12/22/2022
South Africa’s minimum wage vs the world
The minimum wage in South Africa has been a contentious issue in light of the debilitating unemployment faced by everyday South Africans and the fact that the majority of the population is impoverished.
12/19/2022
Is South Africa better off with or without Ramaphosa?
This has led to many to ask whether the country would be better off with or without Ramaphosa.
12/16/2022
Why the US is backing the Africa Continental Free Trade Area
More investments in Africa could see the Biden administration reduce China and the EU's dominance in trade with Africa
12/15/2022
New report shows need for greater action if Africa is to hit SDG, Agenda 2063 targets
Without renewed efforts, nearly 492 million Africans will be left in extreme poverty with at least 350 million still in that condition in 2050.
12/15/2022
African Devt Bank, WWF urge increased investment in Africa’s biodiversity at COP15
The assessment, launched on the sidelines of the UN Biodiversity Summit (COP15) in Montreal, Canada, is based on the 6th National Reports on biodiversity submitted by African countries 2018-2020.
12/14/2022
Number of advertised jobs shoot up 11.7% – BoG
Cumulatively, for the first 10 months of 2022, the total number of advertised jobs declined by 9.5% to 26,595 from 29,380 recorded during the same period in 2021.
12/14/2022
The average take-home pay in South Africa right now
The latest figure comes at a time when the persisting load shedding, rising cost of living and protracted strike action by Transnet workers during October impacted the economy.
12/13/2022
‘World Bank report reveals why Nigeria needs Atiku’
The PUNCH had in an earlier report, quoted Alex Sienaert, World Bank’s lead economist for Nigeria, as saying that in 2023, debt servicing will gulp 123.4 per cent of the country’s total revenue.