Central Bank of Nigeria hikes rates by 150bps and struck a relatively hawkish/orthodox tone. Bank of Ghana postpones meeting to October 7 when the IMF is expected to conclude its visit. Campaign for Nigeria 2023 elections kicks off and latest polls s...

Forex: Egypt's foreign currency gap narrows in July. Fixed Income: African Eurobonds continue to take direction from the path of US interest rates. Macroeconomic: Zambia’s maize production is expected to decline this season.

We also highlight investors' thoughts on the investment case for the West Africa region, after client meetings in London in recent weeks. In Nigeria, investors were focused whether higher oil prices were good or bad for the country given the decline ...

A rebound in risk appetite this morning has seen US Treasuries reopen with some losses. Expectations that pre-election demand for dollars could further pressure the naira in the parallel market, in addition to existing challenges, suggest that the CB...

A surging USD caused more bloodshed across global currency markets yesterday as traders brace themselves for the potential of an outsized rate hike this week. Egypt: Finance Minister Mohammed Maait has noted that high oil and wheat prices will cost E...

US bond yields slipped overnight, and the 10yr vs 2yr bond spread has flattened. With so much tightening already priced into the USD, and given its overvaluation, it is especially vulnerable to a correction, something emerging market currencies could...