One oil shock is pulling Africa’s central banks in different directions. South Africa’s economy beat the gloom this morning, growing for a sixth straight quarter, while Kenya weighs its first rate rise in years.
The Middle East fuel spike that lifted prices across the continent is now easing, with the oil price falling sharply on hopes of calm. That leaves rate-setters tightening into a shock that may already be fading.
Today’s Africa Intelligence Brief covers the continent’s finance, markets, economy, and politics. We pulled it together from English, French, Arabic, Portuguese, Swahili, and Afrikaans sources.
South Africa — The Economy Beats the Gloom
Better Than Expected
