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Latest articles in Ethiopia

Eight trades to watch in 2022

We highlight eight trades/assets to watch that could make for interesting opportunities next year, or situations to avoid: Angola, Argentina, El Salvador, Ethiopia, Ghana, Sri Lanka, Ukraine and Zambia. A short programme extension, or approval of a n...
Tellimer Research Stuart
Stuart Culverhouse @ Tellimer Research 22 December 2021
Eight trades to watch in 2022
Eight trades to watch in 2022

Ethiopia edges closer to ceasefire, inflation in Morocco surges

Omicron is spreading rapidly through both vaccinated and unvaccinated people. But for all the rise in risk aversion, the USD has not surged significantly stronger, and the VIX is elevated but not surging. The fact of the matter is that government bor...
ETM Analytics Takudzwa
Takudzwa Ndawona @ ETM Analytics 21 December 2021

What we got right this year, and what we got wrong

We published our end-of-year trilogy last week (2021 review, 2022 Outlook and top picks for next year). Argentina and Ukraine – We were right to be cautious on both of these, with a Hold on both coming into this year. Egypt – One of our Top 5 picks h...
Tellimer Research Stuart
Stuart Culverhouse @ Tellimer Research 20 December 2021
What we got right this year, and what we got wrong
What we got right this year, and what we got wrong

All eyes on the Bank of Uganda today

On Friday, Fed Governor Chris Weller indicated that a rate hike would likely be warranted shortly after the bank ends its bond purchases in March. As a result, the USD is looking to break out of a bull flag formation to retest highs last seen in June...
ETM Analytics Lloyd
Lloyd Miller @ ETM Analytics 20 December 2021

Fixed Income Strategy: Top picks for 2022

We present our top picks for 2022. In addition, financing needs looks manageable, but recourse to the IMF remains an option if conditions dictate. We retained our Sell recommendation on 1 December with a target price of US$55 for the SRILAN 6.85 03/1...
Tellimer Research Stuart
Stuart Culverhouse @ Tellimer Research 17 December 2021
Fixed Income Strategy: Top picks for 2022
Fixed Income Strategy: Top picks for 2022

African bonds prove to be a better bet than EM bonds in 2021

Hawks will be on the edge of their seats as they wait to see if the FOMC follows through with its recent communication and accelerates the pace of its taper and normalising policy. As a result, the monetary policy differential between the US and othe...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 15 December 2021
African bonds prove to be a better bet than EM bonds in 2021
African bonds prove to be a better bet than EM bonds in 2021