AfCFTA aims to create a single market size of 1.3bn people with a combined annual GDP of $3.4trn. Some progress has been made on the AfCFTA, with a pilot phase underway. There is a greater need to accelerate efforts towards implementation strategies....

Forex: Cedi slump persists despite recent central bank hike. Fixed Income: Positive impact of high oil prices on Nigerian Eurobonds has broken down. Macroeconomic: Congestion at US ports could drive up global shipping prices.

It was quite a volatile session for USTs yesterday, with yields initially surging to keep up Tuesday’s momentum. The bias there was also for flattening of the curves, with front-end UK rates rising to near 1.820% ahead of today’s BoE meeting. Recall ...

Global bonds rallied yesterday as recession risks intensified after the US posted a quarterly economic contraction for Q2. Zambia: Data from Zambia Statistics Agency showed that Zambia’s January to June copper exports fell by 0.4% y/y amid slowing gl...

Oil is under pressure as we start the new week, with Brent futures dropping below $103 per barrel and WTI slumping to $94 per barrel. The BoG has hiked by 450bps this year, and risks are tilted in favour of another rate hike, given inflation is at it...

Global tourism is recovering — ask those lucky enough to spend 90 minutes getting through security at London Heathrow last weekend! While recession is a risk, there is a very long way to go simply to match pre-Covid levels. As school holidays start w...