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 articles from Tellimer Research

Flash Report / Turkey

Turkey: Sharp policy shift solidified by 200bps rate cut

After last month’s surprise rate cut and last week’s sacking of three MPC members, the CBRT has doubled down on its accommodative shift with a 200bps rate cut today. This compares to the Bloomberg consensus of 100bps, with many forecasters projecting...
Tellimer Research Patrick
Patrick Curran @ Tellimer Research 21 October 2021
Turkey: Sharp policy shift solidified by 200bps rate cut
Turkey: Sharp policy shift solidified by 200bps rate cut

Nigeria: FX overhaul promised post-Dangote refinery

With the NGN still under fire, there finally seems to be some momentum for FX liberalisation. Based on the current Brent oil price (US$85/bbl) and refinery margin (US$10.84/bbl), and assuming an FX-denominated freight, storage and landing cost of 10%...
Tellimer Research Patrick
Patrick Curran @ Tellimer Research 21 October 2021
Nigeria: FX overhaul promised post-Dangote refinery
Nigeria: FX overhaul promised post-Dangote refinery
Flash Report / Kenya

Kenya banks: Halt to credit reference bureau listings will slow credit growth

President Uhuru Kenyatta announced that borrowers with non-performing loans of under KES5m will not have their records listed with the credit reference bureau (CRB) for the next 12 months. As of August 2021, the overall NPL ratio in the industry was ...
Tellimer Research Faith
Faith Mwangi @ Tellimer Research 21 October 2021
Kenya banks: Halt to credit reference bureau listings will slow credit growth
Kenya banks: Halt to credit reference bureau listings will slow credit growth

Spectacular start to Egypt’s privatisation programme; where next for e-finance?

At the IPO price of GBP13.98 per share, e-finance was effectively priced at around the mid-point of global emerging markets digital payments peers and Egypt’s Fawry, which had listed in 2019. Nevertheless, e-finance’s valuation now leaves very little...
Tellimer Research Rahul
Rahul Shah @ Tellimer Research 21 October 2021
Spectacular start to Egypt’s privatisation programme; where next for e-finance?
Spectacular start to Egypt’s privatisation programme; where next for e-finance?

Romania risks early election and fiscal stress unless liberals reconcile

USR, which withdrew its support from the former ruling coalition in September, failed to secure a parliamentary vote of confidence for its cabinet on 20 October. Either there is a reconciliation among Romania's relatively market-friendly, more libera...
Tellimer Research Hasnain
Hasnain Malik @ Tellimer Research 21 October 2021
Romania risks early election and fiscal stress unless liberals reconcile
Romania risks early election and fiscal stress unless liberals reconcile

The success of COP26 depends on China and the US: the rest are onlookers

The purpose of COP26, the UN Climate Change Conference from 31 October to 12 November, is for countries to update their national targets ("nationally determined contributions" or NDCs) to close the gap between the shared ambition of the 2015 Paris Ag...
Tellimer Research Hasnain
Hasnain Malik @ Tellimer Research 21 October 2021
The success of COP26 depends on China and the US: the rest are onlookers
The success of COP26 depends on China and the US: the rest are onlookers