Tellimer Research
Tellimer Research

Tellimer Research

Coverage: Sub Sahara Africa, Europe/CIS, MENA, Asia, LatAm
World-class macroeconomic, stock & debt market insights from Tellimer's global team of emerging markets analysts.
Location: London, Dubai, Lagos, Nairobi

Latest from Tellimer Research

South Africa fintech: Key industry growth, profitability and market share trends

The financial performance of South Africa firms has improved dramatically in recent years; two-thirds are now profitable. Moreover, they are generating faster operating profit growth than their EM peers. The largest market share gains for fintechs ar...
Tellimer Research Ayushi
Ayushi Gupta @ Tellimer Research 24 March 2023
South Africa fintech: Key industry growth, profitability and market share trends
South Africa fintech: Key industry growth, profitability and market share trends

Nigeria: Tinubu’s key economic challenges and policy plans

We took part in a Menas Associates webinar on Nigeria’s post-election macro and political outlook. Incoming President Tinubu inherits severe economic challenges and may struggle to course correct. Macro policies should still improve at the margin aft...
Tellimer Research Patrick
Patrick Curran @ Tellimer Research 24 March 2023
Nigeria: Tinubu’s key economic challenges and policy plans
Nigeria: Tinubu’s key economic challenges and policy plans

Tellimer EM 1000 Company Index: West Asia banks, East Europe energy in focus

The Index ranks the 1,000 most investable emerging market firms across 6 core dimensions via 36 objective criteria. West Asia (high growth) trumps China ADRs (low profitability). Metals (high momentum) beats Real Estate (poor momentum). Top-ranked: I...
Tellimer Research Rahul
Rahul Shah @ Tellimer Research 23 March 2023
Tellimer EM 1000 Company Index: West Asia banks, East Europe energy in focus
Tellimer EM 1000 Company Index: West Asia banks, East Europe energy in focus

Fed hikes but fails to convince markets that rates can hold at 5% at year-end

The Fed shot down last week’s expectations of a pause, but recession risks raise the odds of a dovish pivot by Q4 22. We anticipate more near-term US inflation upside, making it difficult for the Fed to pivot before H2 23. More than ever, EMs are cau...
Tellimer Research Jamie
Jamie Fallon @ Tellimer Research 23 March 2023
Fed hikes but fails to convince markets that rates can hold at 5% at year-end
Fed hikes but fails to convince markets that rates can hold at 5% at year-end

Ukraine: IMF announces staff-level agreement on a new programme

IMF announced earlier this week staff-level agreement on a new 48-month US$15.6bn programme. The announcement has been expected and follows the successful conclusion last month of a monitoring arrangement. The new programme has been designed in line....
Tellimer Research Stuart
Stuart Culverhouse @ Tellimer Research 23 March 2023
Ukraine: IMF announces staff-level agreement on a new programme
Ukraine: IMF announces staff-level agreement on a new programme

Sri Lanka: Debt sustainability analysis affirms recovery values

On 20 March the IMF Board approved a new US$3bn, 48-month EFF for Sri Lanka and published the accompanying DSA. There is a lot of ambiguity in the DSA and it is not the end of the road, but we update our recovery value assumptions. Recovery values of...
Tellimer Research Patrick
Patrick Curran @ Tellimer Research 22 March 2023
Sri Lanka: Debt sustainability analysis affirms recovery values
Sri Lanka: Debt sustainability analysis affirms recovery values