ZoodPay is a lending fintech with logistics and marketplace capabilities that help lift margins and control credit risk. It's the clear market leader in Uzbekistan with substantial growth potential in other emerging markets, notably Pakistan. ZoodPay...

The country presents a huge opportunity for fintechs, as only c3% of individuals borrow from financial institutions or use a credit card, and therefore we think M&A activity will continue to be a feature of Pakistan’s fintech ecosystem. We provide mo...

Iraq’s macro outlook is notably sunnier than it was in October given the sharp rise in oil prices, leading to a forecast of double-digit twin surpluses this year and a near-term boost to oil and non-oil growth in the context of relatively subdued inf...

We cover 14 countries in this note following the IMF/WB Spring Meetings, and highlight three global themes. Specifically, we cover Angola, Cameroon, Cote d’Ivoire, Egypt, Ethiopia, Iraq, the Maldives, Mozambique, Nigeria......Pakistan, South Africa,....

What hole will a total Russian oil ban leave? Europe does not have the space to make such a move, suggesting that most of Russia's exports of 7mn bpd of crude are currently expected to survive the sanctions and bans. This will limit the extent to whi...

Since the initial market reaction to the discovery of the Omicron variant, oil has rallied over 35% and is trading at highs not seen since 2014 as it makes its way towards $100 per barrel. Global oil supply remains constrained even though OPEC+ has c...