Namibia: Fitch ratings agency has opted to downgrade Namibia’s sovereign rating from “BB” to “BB- “on account of worsening twin deficits relative to its peers. Fitch expects the budget deficit (% of GDP) to come in at 7.6% in 2022, wider than the average budget deficit of “BB” rated economies of 5.0%.

Namibia: Fitch ratings agency has opted to downgrade Namibia’s sovereign rating from “BB” to “BB- “on account of worsening twin deficits relative to its peers. Fitch expects the budget deficit (% of GDP) to come in at 7.6% in 2022, wider than the average budget deficit of “BB” rated economies of 5.0%.

RMB's research offering spans across the fixed income, currency and credit markets to offer strategic insight to our clients across multiple sectors and markets.

RMB's research offering spans across the fixed income, currency and credit markets to offer strategic insight to our clients across multiple sectors and markets.

Africa Markets Podcast

Africa Markets Insider

AMI 27062022: Fitch downgrades Namibia to “BB-“

Zambia: The statistics agency in Zambia reported first growth for 2022 at 2.4 q/q. Key contributors included Public Admin, ICT, Electricity, Accommodation and Real estate. 

Zambia: The statistics agency in Zambia reported first growth for 2022 at 2.4 q/q. Key contributors included Public Admin, ICT, Electricity, Accommodation and Real estate.

AMI 01072022: Namibia’s strong growth in the first quarter

Commodities: Over the past month, there has a been a significant decline in prices across most commodifies – fueled by fears of lackluster economic performance. The market is pricing in a recession as higher inflationary pressures erode production and chip away at discretionary spending. 

Commodities: Over the past month, there has a been a significant decline in prices across most commodifies – fueled by fears of lackluster economic performance. The market is pricing in a recession as higher inflationary pressures erode production and chip away at discretionary spending.

AMI 29062022: Base metals down for the year

Côte d'Ivoire: Moody’s has affirmed Côte d'Ivoire’s sovereign rating at Ba3 and has changed its outlook from stable to positive. This is largely informed by the country’s prospects for growth between now and 2025 with GDP expected to print north of 7% according to the rating agency. In addition to strong growth and stable monetary policy, the rating agency expects fiscal conditions to continue to improve over the next few years.

Côte d'Ivoire: Moody’s has affirmed Côte d'Ivoire’s sovereign rating at Ba3 and has changed its outlook from stable to positive. This is largely informed by the country’s prospects for growth between now and 2025 with GDP expected to print north of 7% according to the rating agency. In addition to strong growth and stable monetary policy, the rating agency expects fiscal conditions to continue to improve over the next few years.

AMI 27062022: Fitch downgrades Namibia to “BB-“

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