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Monetary Easing Well Underway In SSA, Despite Some Q3 Holds
Political Tensions Rising In Côte d'Ivoire And Mozambique Political tensions are rising in Côte d'Ivoire as President Ouattara seeks a controversial fourth term, echoing unrest from 2020. In Mozambique, opposition leader Mondlane faces legal pressure, raising the risk of disruptive protests. Both cases highlight growing instability in key regional markets.
By Steve UMIDHA
Central banks in Sub-Saharan Africa (SSA) are easing their policies. Nigeria is expected to cut rates in September.
The South African Reserve Bank lowered rates by 25bps amid stable inflation and a resilient rand, according to BMI Country Risk & Industry Research – a Fitch Solutions entity.
Ghana made a bold 300bps cut. Uganda, Kenya, and Zambia are likely to follow later, continuing the dovish trend.
US tariffs: Impact on SSA Still Unclear
Meanwhile, SSA has seen limited impact from US tariffs so far, but smaller economies like Lesotho and Madagascar may face disproportionate challenges. Early signs of factory closures and layoffs suggest that the textile industry is vulnerable, even if trade data hasn’t yet confirmed the full extent.