Nigerian Labour Congress threatens strike action over naira crisis, Seplat terminates agreement with former Chairman. Kenya: Central bank issues guidelines to support functionality and integrity of FX interbank market. Ghana: Fitch Ratings upgrades l...

Forex: Nigerian naira devaluation looms. Fixed Income: Fitch upgrades Ghana’s local currency bond rating. Macroeconomic: The World Bank approves a $7bn economic support plan for Egypt.

Forex: The forward market is signaling another devaluation in the Egyptian pound. Fixed Income: Bank of Angola cuts rates as inflation falls back toward single digit territory. Macroeconomic: Nigeria and Morocco both hiked rates by 50bps on Tuesday.

Growth and banking fears plunge oil price back to end-2021 level of low US$70s; we chart trade exposure across EM and DM. Next OPEC ministerial committee meeting in early April with full meeting on 4 June; higher probability of new output cut. Saudi,...

Forex: Kenyan shilling slump raises rate hike probability. Fixed Income: African Eurobonds suffer their worst losing streak in 7 years. Macroeconomic: Falling oil prices pose a risk to African oil producing nations.

Nigeria: President Buhari signs amendment allowing states to generate and supply power. Kenya: Treasury owes Vivo Energy USD167mn in fuel subsidy arrears. Ghana: Finance Minister jets to China on bilateral debt restructuring negotiations.