Global Data Pod Global Data Pod Edge: Africa is building back better
12 snips
Nov 3, 2025 Gbolahan (Bola) Taiwo, Chief Economist for Africa at JPMorgan, dives into the revitalization of African economies post-pandemic. He discusses key reforms across nations like Nigeria and Uganda, emphasizing how fiscal and monetary adjustments are paving the way for improved financial stability. Highlights include Nigeria's subsidy reforms, Angola's oil dependency, and Egypt's capital inflows fueled by strategic investments. The conversation sheds light on how these developments are reshaping investor confidence and strengthening economic resilience across the continent.
AI Snips
Chapters
Transcript
Episode notes
Shocks Sparked Durable Reform Momentum
- African policymakers used recent shocks to implement broad macro reforms including FX adjustments and fiscal fixes.
- These reforms, plus improved terms of trade, have meaningfully strengthened macro fundamentals across many countries.
Nigeria: Reform Gains But Political Timing Matters
- Nigeria's removal of fuel subsidies and FX and monetary changes restored macro credibility and reduced central bank financing of the budget.
- Authorities will likely shift to making gains visible to citizens while guarding liquidity ahead of elections.
Angola’s Oil Sensitivity Limits Room For Error
- Angola remains highly oil-dependent so fiscal and external vulnerability tracks oil prices closely.
- High external repayments and stagnant production cap resilience despite current buffers.