While the US repatriates jobs and stirs trade uncertainty into a strong US Dollar, strong growth and low imported inflation, emerging Africa suffers, importing inflation and slowing growth.
With US Dollars in Zimbabwe now almost officially Zollars the conversion rate is anyone’s guess. Let’s hope the provisions are already in the books…
Core Lines SSA CORE OUTLOOK: 1 TO 5 APRIL 2019 1 Apr: Reason for a pause in rates in Ghana and Uganda. The Bank of Ghana MPC surprised in January when it reduced its policy rate by a further 100bp (to 16.00%), taking cummulative cuts in the current cycle to 10pp. Although inflation (Feb: 9.2% […]
Specialist Africa Consulting Services.
Africa Investment – Risk Checklist Map the Strategy, Know the Process, Follow the Process Key actions: First key action Discussion with the bank of choice in the country of the investment, with the local Treasurer and local head of Corporate Banking (to know banking procedures and the exchange control laws, and how to pay tax) […]