Small Economies – Sub-Saharan Africa Region Award Winners

The FocusEconomics 10th Anniversary Analyst Forecast Awards celebrate a decade of recognizing the world’s most accurate economic forecasters. Below are the top three ranked forecasters for each indicator across the Sub-Saharan Africa region, covering 10 countries.

GDP

Country	1st Place	2nd Place	3rd Place
Angola	EIU Stanley Mabuka	Banco BPI Vânia Duarte	FrontierView Research Team
Botswana	Oxford Economics Lyle Begbie, Brendon Verster	EIU Benedict Craven	BMI, a FitchSolutions Company BMI Research Team
Ghana	Moody’s Analytics Briana Hardy	Capital Economics David Omojomolo	Goldman Sachs Ludovica Ambrosino
Mozambique	Oxford Economics Gerrit van Rooyen, Christian Franken	Fitch Ratings Gabriel Comolet, Gaimin Nonyane	BMI, a FitchSolutions Company BMI Research Team
Senegal	FrontierView Research Team	BMI, a FitchSolutions Company BMI Research Team	Oxford Economics Leeuwner Esterhuysen
Tanzania	Standard Chartered Emmanuel Kwapong	EIU Trupti Agarwal	Capital Economics David Omojomolo
Uganda	EPRC Research Team	Standard Chartered Razia Khan	Fitch Ratings Kathleen Chen, Gaimin Nonyane
Zambia	FrontierView Research Team	EIU Benedict Craven	Moody’s Analytics Heron Lim

8 countries

Inflation

Country	1st Place	2nd Place	3rd Place
Angola	Capital Economics David Omojomolo	Banco BPI Vânia Duarte	EMFI EMFI Research team
Botswana	EIU Benedict Craven	Oxford Economics Lyle Begbie, Brendon Verster	Standard Chartered Emmanuel Kwapong
Cameroon	Fitch Ratings Jose Mantero, Thomas Garreau	Oxford Economics Research Team	EIU Darren Davids
Cote d’Ivoire	Oxford Economics Leeuwner Esterhuysen	BMI, a FitchSolutions Company BMI Research Team	Capital Economics David Omojomolo
Ghana	Goldman Sachs Ludovica Ambrosino	Capital Economics David Omojomolo	Euromonitor International Economies & Consumers Team
Mozambique	FrontierView Research Team	EIU Karim Manuel	Banco BPI Vânia Duarte
Senegal	FrontierView Research Team	Oxford Economics Leeuwner Esterhuysen	Standard Chartered Emmanuel Kwapong
Tanzania	Standard Chartered Emmanuel Kwapong	BMI, a FitchSolutions Company BMI Research Team	Moody’s Analytics Tom Campbell, Jessica Demel
Uganda	EIU Darren Davids	BMI, a FitchSolutions Company BMI Research Team	EPRC Research Team
Zambia	EIU Benedict Craven	Citigroup Global Mkts David Cowan	JPMorgan Gbolahan Taiwo

10 countries

Current Account

Country	1st Place	2nd Place	3rd Place
Cote d’Ivoire	EIU Nathan Hayes	BMI, a FitchSolutions Company BMI Research Team	Oxford Economics Leeuwner Esterhuysen
Ghana	JPMorgan Gbolahan Taiwo	EMFI EMFI Research team	BMI, a FitchSolutions Company BMI Research Team
Tanzania	Euromonitor International Economies & Consumers Team	Oxford Economics Shani Smit-Lengton	EIU Trupti Agarwal
Uganda	Capital Economics David Omojomolo	Oxford Economics Jacques Verreynne	Fitch Ratings Kathleen Chen, Gaimin Nonyane
Zambia	BMI, a FitchSolutions Company BMI Research Team	Moody’s Analytics Heron Lim	JPMorgan Gbolahan Taiwo

5 countries

Fiscal Balance

Country	1st Place	2nd Place	3rd Place
Angola	JPMorgan Gbolahan Taiwo	BMI, a FitchSolutions Company BMI Research Team	Capital Economics David Omojomolo
Cameroon	Oxford Economics Research Team	Fitch Ratings Jose Mantero, Thomas Garreau	EIU Darren Davids
Cote d’Ivoire	EIU Nathan Hayes	Fitch Ratings Gabriel Comolet, Cedric Julien Berry	BMI, a FitchSolutions Company BMI Research Team
Ghana	Moody’s Analytics Briana Hardy	EIU Rukmini Sanyal	EMFI EMFI Research team
Mozambique	Moody’s Analytics Stefan Angrick, Jessica Demel	Fitch Ratings Gabriel Comolet, Gaimin Nonyane	EIU Karim Manuel
Uganda	Oxford Economics Jacques Verreynne	Citigroup Global Mkts Research Team	Capital Economics David Omojomolo
Zambia	Capital Economics David Omojomolo	Fitch Ratings Thomas Garreau, Jose Mantero	BMI, a FitchSolutions Company BMI Research Team

7 countries

Exchange Rate

Country	1st Place	2nd Place	3rd Place
Angola	Standard Chartered Emmanuel Kwapong	Oxford Economics Christian Franken	EIU Stanley Mabuka
Cote d’Ivoire	EIU Nathan Hayes	BMI, a FitchSolutions Company BMI Research Team	Oxford Economics Leeuwner Esterhuysen
Ghana	BMI, a FitchSolutions Company BMI Research Team	Oxford Economics Jacques Verreynne	Citigroup Global Mkts Research Team
Mozambique	EIU Karim Manuel	Fitch Ratings Gabriel Comolet, Gaimin Nonyane	Capital Economics David Omojomolo
Tanzania	Capital Economics David Omojomolo	Moody’s Analytics Tom Campbell, Jessica Demel	Oxford Economics Shani Smit-Lengton
Uganda	EPRC Research Team	BMI, a FitchSolutions Company BMI Research Team	EIU Darren Davids
Zambia	EIU Benedict Craven	Citigroup Global Mkts Research Team	Standard Chartered Emmanuel Kwapong

7 countries

Interest Rate

Country	1st Place	2nd Place	3rd Place
Angola	FrontierView Research Team	Fitch Ratings Gabriel Comolet, Paul Gamble	BMI, a FitchSolutions Company BMI Research Team
Ghana	Citigroup Global Mkts Research Team	BMI, a FitchSolutions Company BMI Research Team	RMB Nigeria Caleb Ayodele, Oluyomi Mayomi-Akinola
Uganda	EIU Darren Davids	Citigroup Global Mkts Research Team	BMI, a FitchSolutions Company BMI Research Team
Zambia	Capital Economics David Omojomolo	Citigroup Global Mkts David Cowan	BMI, a FitchSolutions Company BMI Research Team

4 countries

Overall

Country	1st Place	2nd Place	3rd Place
Angola	Banco BPI Vânia Duarte	EIU Stanley Mabuka	FrontierView Research Team
Ghana	Capital Economics David Omojomolo	BMI, a FitchSolutions Company BMI Research Team	Goldman Sachs Ludovica Ambrosino
Mozambique	Fitch Ratings Gabriel Comolet, Gaimin Nonyane	BMI, a FitchSolutions Company BMI Research Team	EIU Karim Manuel
Tanzania	Standard Chartered Sarah Baynton-Glen	EIU Trupti Agarwal	Capital Economics David Omojomolo
Uganda	BMI, a FitchSolutions Company BMI Research Team	EPRC Research Team	EIU Darren Davids
Zambia	EIU Benedict Craven	Citigroup Global Mkts David Cowan	Oxford Economics Christopher Farquhar

6 countries

Rankings determined by FocusEconomics’ proprietary accuracy methodology. Where two forecasters achieved equal accuracy, both are listed at the same rank.