Economy West Africa Homepage

Following the IMF's announcement in July that the US$9bn Chinese mining investment project could jeopardise the Democratic Republic of Congo (DRC)'s prospects for qualifying for... 2008-07-25

Despite record high oil prices, we see a slowdown in real GDP growth to 4.2% in 2008 from 5.6% in 2007, with a further decline to 3.9% projected for 2009. With oil making up 40% of... 2008-07-24

We forecast a widening in Guinea's current account deficit to 11.0% and 11.4% of GDP in 2008 and 2009 respectively, which represents a significant uptick from 9.7% in 2007 and 5.7%... 2008-07-24

We expect a steady rise in GDP growth after a disappointing performance in 2007. Real growth is likely to reach 5.8% in 2009, up from a forecast 4.4% in 2008 and just 2.8% in 2007.... 2008-07-24

Gabon's economy has historically been very stable, reflected in its regionally high structural economic risk rating, but going forward risks are materialising. While Gabon's short-term... 2008-07-23

BMI View: Anglo-Irish Independent Tullow Oil has said that reserves at its Jubilee field in Ghana could be as much as 1.8bn barrels (bbl) of oil and that it is on track to begin... 2008-07-23

BMI View: Anglo-Irish Independent Tullow Oil has said that reserves at its Jubilee field in Ghana could be as much as 1.8bn barrels (bbl) of oil and that it is on track to begin... 2008-07-23

On the back of our upwardly revised oil price forecasts - we now see the OPEC basket average 2008 price of oil at US$121.50/bbl, up from US$96.50/bbl - we see Nigeria's current account... 2008-07-22

BMI View: Following the lower-than-expected 100bps interest rate hike from the Bank of Ghana, we expect a further 150bps in September. In the meantime, we anticipate inflation will... 2008-07-22

We believe the Lagos All-Share Index could have further to fall in the short-to-medium term, though we remain bullish the index in the long run. While an overvalued banking sector,... 2008-07-14