Egyptian pound nears 31.0 per dollar mark as sell-off persists. Kenyan and Mauritian bond auctions both oversubscribed on Wednesday. Ethiopia is still within reach of an IMF financial support program – S&P Global.

Kenya implements new oil tender system to reduce FX pressure. Foreign ownership of Kenyan and Ghanaian bonds has plunged. Fed Chair Powell warns of faster tightening and higher rates.

Forex: Kenya's foreign exchange reserves extend drop to a multi-year low. Fixed Income: Nigerian Eurobonds are the worst performing African Eurobonds over the past month. Macroeconomic: Cyclone Freddy could prove to be devastating for Southern Africa...

A year ahead of stuttering and uneven growth, where no one sector or theme is likely to lead consistently. Top country picks: China, Taiwan, Korea, India in Large EM; Vietnam, Dubai, Hungary, Chile, Mauritius in Small EM and FM. Less preferred: Egypt...

Emerging equity market exposure to the themes of manufacturing, commodities and tourism is cheapest in small EM and FM. But the reason for this is vastly lower liquidity compared to large EM. For patient capital, these are our top picks...... Asia: V...

Weaker shilling drives Kenya's external debt higher. Egypt secures $3bn IMF program. Metals are underperforming the broader commodities basket.