Until last month global FX volatility was in the doldrums, so much so that the JP Morgan G7 Currency Volatility Index (a reliable gauge for foreign exchange volatility on a global scale and major developed and emerging market economies, respectively)...

Since the Central Bank of Nigeria (CBN) banned the sale of FX to bureaux de change (BDCs) and froze the accounts of several fintech firms, the naira has taken the turn for the worse. The CBN's several unorthodox attempts to stabilise the naira this y...

In our previous report, we highlighted the huge opportunity in Africa's telecommunications tower industry. Subsequently, it expanded its presence across the continent. Helios Towers is very bullish on telecoms infrastructure in Africa and is increasi...

Stanbic IBTC’s Q2 21 profit numbers were significantly weaker than expected, even after the weak Q1. Net attributable profit fell 56% yoy, compared with our expectation of an 11% yoy increase. The CBN's persistent cash reserve ratio (CRR) debits cont...

China remains the focal point from an international perspective given the impact that the potential collapse of the Evergrande Group will have on the price of base metals and sentiment in general. Shipments have been rising over the past seven months...

Cryptocurrencies have reached a market capitalisation of > $150bn. Backtesting quantitative strategies is difficult given a limited trading history & universe. Short-term Momentum works very well, classic factor investing strategies less so.