Economy

We believe much of the rupee's recent decline to MUR28.00/US$ from the MUR26.50/US$ region in mid-July can be attributed to significant dollar strengthening, as the rupee actually... 2008-08-22

Mauritius' sizeable current account deficit is forecast to narrow by 2012 on the back of growing service exports. Still, in 2008, we see a widening of the deficit as commodity prices... 2008-08-21

BMI View: The surge in inflation and money supply growth over May-July increases the odds of a revaluation of the Angolan kwanza at first glance. However, the medium-term trend for... 2008-08-20

BMI View: Opinion seems unanimous that Angola has strong potential for the production of diamonds, and stands to become one of the world's leading producers. However, corruption,... 2008-07-29

On the back of increased mining production we see exports increasing by 19.9% y-o-y in 2008 to US$3.6bn, and a further 19.4% y-o-y in 2009 to US$4.3bn. At the same time however, major... 2008-07-28

Faced with persistently elevated global food and energy prices, Finance Minister Manuel Chang has announced plans to cut public spending. Neither producing nor refining oil, elevated... 2008-07-28

A rising import bill as oil and energy remain costly will continue to act as a major drag on Namibia's GDP growth over 2008 and 2009, combined with a moderation in domestic demand... 2008-07-28

BMI View: Although we believe that the current account deficit will see only a minor increase to 7.7% of GDP in 2008 from 7.5% in 2007, further expected portfolio investment outflows... 2008-07-28

The Mauritian SEMDEX faces myriad challenges in the short term amid inflation, central bank interest rate hikes and forecast currency appreciation. Nonetheless, we remain bullish... 2008-07-28

BMI View: Moves made by the authorities of Madagascar to cushion the impact of high rice prices will reduce the threat of political unrest. However, the ban on rice exports introduced... 2008-07-28