Forex: Decline in remittance inflows adds to the headwinds facing the Kenya shilling. Fixed Income: The Fed is conducting stealth QE amid fears of a widespread banking crisis. Macroeconomic: Kenya's foreign financing is expected to increase in 2022/2...

The fallout continues from Silicon Valley Bank's collapse. Credit Suisse, First Republic are receiving liquidity support. EM bank shares have so far proven more resilient than in DM. We flag the markets most exposed to any sectoral sell-off. Banks ar...

We shine a light on the EM Energy sector, where companies such as Aramco are generating record profits. Analysing 36 metrics, we benchmark leading EM energy firms against their developed market peers. Top scorers: Saudi Aramco, Brazil’s Petrobras. We...

Forex: Zambian kwacha underperforming the broader Africa FX basket. Fixed Income: African Eurobonds are significantly underperforming EM Eurobonds in 2023. Macroeconomic: ECB sticks to its guns and raises rates by 50bps despite a possible global bank...

Markets are now pricing in a markedly more dovish Fed rate path post-SVB crisis, but we think repricing is excessive. Still, the prospects of marginally lower terminal Fed funds rate and weaker dollar could support EM local currency debt. We survey r...

We asked 900 consumers to highlight where EM fintechs needed to improve the most for them to engage. Top responses: the sign-up process, convenience, transaction execution, platform design and customer education. In Indonesia and Kenya trust is a key...