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Africa Oil Economy - September 2016

Source: OPEC 10/4/2016, Location: Africa

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Inflation in Egypt posted 14.8% y-o-y in July while the central bank policy rate remained at 11.75% from June to August. Deceleration in the country’s non-oil private sector deepened further the previous month, as suggested by the PMI, which fell to 47.0 from July’s 48.9 due to shortages of material, cost increases and a sharp decline in employment.

In South Africa, the rand appreciated by 4.7% m-o-m in August, following a 4.3% appreciation one month earlier. It has appreciated by more than 17% since the beginning of the year. Inflation posted a 6.5% y-o-y increase in July, while the unemployment rate in 2Q16 was at 26.6%, little changed from the previous quarter’s 26.7%.

Economics/Financial Analysis News in Egypt >>

Nigeria >>  8/1/2018 - KBR, Inc. has been awarded an LNG FEED contract by Nigeria LNG (NLNG) for further expansion of the Bonny Island LNG plant at Bonny Island, Nigeria. ...
Egypt >>  7/24/2018 - HA Utilities, the utilities arm of leading regional construction and engineering group Hassan Allam Holding (HAH) is entering a joint venture (JV) wit...

Morocco >>  7/23/2018 - Sound Energy, the Moroccan-focused upstream gas company, announces, following the initial success in Eastern Morocco and in anticipation of the forthc...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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