Forex: Easing dollar demand provides some relief for the Ghanaian cedi. Fixed Income: Surging inflation and risk-off conditions come as headwinds for Ghanaian and Nigerian Eurobonds. Macroeconomic: Inflation in Southern Africa remains elevated but is...

Inflation in Mozambique continued to quicken in February despite a resilient metical. Swap traders revert to a 25bps rate hike as the most likely outcome of the March FOMC meeting. Fitch sees the Republic of Congo posting fiscal surpluses in 2023 and...

Egyptian pound nears 31.0 per dollar mark as sell-off persists. Kenyan and Mauritian bond auctions both oversubscribed on Wednesday. Ethiopia is still within reach of an IMF financial support program – S&P Global.

Zambian kwacha weakness drives inflation higher in February. Angola is bearing the fruits of its prudent fiscal policy and privatization push. Botswana leaves benchmark interest rate unchanged at 2.65%.

Forex: Traders see the Egyptian pound weakening by double-digits in the next 12 months. Fixed Income: Inflation pressures in Botswana are cooling, easing pressure on the central bank to hike rates further. Macroeconomic: Nigeria’s Q4 GDP print beat e...

Forex: Kenyan shilling extends depreciation streak. Fixed Income: Fitch downgrades Ghana to partial default after it misses Eurobond payment. Macroeconomic: Nigeria’s oil production is rebounding as investments trickle in.