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Latest articles in Ethiopia

IMF downgrades global growth outlook, US CPI and FOMC minutes in focus

All eyes will be on the US inflation data which is due for release later this evening as well as the FOMC minutes, both of which have the ability to unseat the current status quo, especially in the near term. The report titled “International Debt Sta...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 13 October 2021

Thin liquidity expected today, oil in focus as global inflation fears intensify

Surprisingly, the impact of the payrolls release on the USD was minimal. This was the fastest pace of price growth in the economy since February 2018. Headline inflation in Mozambique accelerated further in September, coming in at 6.04% y/y from 5.61...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 11 October 2021

Angola looking to tap Eurobond market, WB provides upbeat SSA outlook

The USD finds itself in limbo territory after the stronger than anticipated ADP data yesterday and ahead of the payrolls numbers tomorrow. Growth will continue to accelerate through 2023, with the World Bank forecasting GDP expansion at 3.8% for then...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 7 October 2021

Speculators turn more bullish on the USD, outlook for East African FX worsens

The start of the new month brought with it the PMI data out of Uganda and Kenya. Meanwhile, Kenya’s headline PMI reading fell in September, decreasing to 50.4 from 51.1 in the previous month. That said, the lifting of lockdown measures in many countr...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 5 October 2021

Ethiopia: Inflation rises further up to 34.8% y/y in September

Food category accounts for 54% of CPI basket with food inflation jumping to 42% y/y. Central Bank has tightened monetary policy. PM Abiy Monday re-iterated govt commitment to address runaway inflaiton.
EmergingMarketWatch Research
Research Team @ EmergingMarketWatch 5 October 2021

African bonds extend losses at the start of October

At the start of the new week and ahead of payrolls data later this week, a risk-off environment evident in the equity markets has helped support the USD. Cameroon: The National Autonomous Sinking Fund yesterday reported that public debt increased to ...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 5 October 2021