Africa Country Risk Key Analysis

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Desperate Times, Desperate Measures

The 200bps rate hike and new rules for foreign exchange will have a negative impact on real GDP growth in Ghana. We are unconvinced that the moves will arrest the decline of the cedi, but we do...

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Regional Equity Strategy

A number of African equity markets are poised for further losses as US tapering causes money to be pulled out - the Johannesburg All-Share Index looks weak, especially technically. We are removing...

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New President, Same Political Crisis

The appointment of a new transitional president in the Central African Republic is a positive sign, but it does not mark the end of a political and social crisis which has been described by UN...

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