Africa Market Update - June 2017

We are pleased to release the June 2017 Africa Market Update covering developments in the economies of Zambia, Nigeria, Kenya, Tanzania, Uganda and Rwanda. Of particular interest in this issue are the following:

We put into perspective Nigeria's Q1 2017 0.5% contraction and retention of a hawkish stance by the central bank in the May 2017 meeting

Uganda and DRC inch closer to USD 1 Billion mark in deal activity, year-to-date, following May 2017 investments

In light of the interest that has been elicited by South Africa's downgrade to junk status, we provide, in the section StratLink in the News (Pg 36), an assessment of the situation within the context of the wider Southern African economy