Economy East & Central Africa Homepage

A bout of volatility has knocked the shilling off the appreciation path seen during H107, sending it as low as UGX1,801/US$ (at the time of writing) from the early July peak at UGX1,565/US$.

We continue to like domestic Zambian debt given the high yields on offer, though our view is caveated by our outlook for the currency, which remains very volatile, and far too exposed... 2007-08-14

BMI View: We continue to see significant potential for growth in African mobile telecom markets, with the key players, MTN and MTC set for further expansion across the region. We... 2007-07-30

State-owned Chinese oil firms CNC (China National Offshore Oil Corporation) and CIOG (China International Oil and Gas) have signed a production agreement with the Somali government,... 2007-07-26

BMI View: We remain very positive about Kenya's economic prospects, and expect growth to accelerate this year, and to remain steady into 2008. Key sectors buoying growth will be agriculture,... 2007-07-26

Recently released investment data corroborate BMI's long-held bullishness on the Ugandan economy. According to the Uganda Investment Authority (UIA) direct foreign and local investments... 2007-07-18

BMI View: Abundant rains earlier this year have put a stop to the power shortages suffered in 2006 following a drought the previous year. We anticipate GDP will no longer feel the... 2007-07-05

BMI View : We have long felt that, with the ODM-Kenya party's internal divisions, there is a high risk that the fragile coalition could fall apart under the weight of the individual... 2007-07-04

BMI View: In spite of the ongoing crisis in Darfur, growth is speeding ahead in Sudan; we forecast real GDP growth of 10.3% y-o-y in 2007. Given double-digit growth, inflation... 2007-07-04

BMI View: We expect inflation to come in at 10.0% at end-year, from the 11.1% y-o-y rate seen in March, as increased fiscal laxity surrounding the impending polls continuing to... 2007-07-03