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Latest articles in Rwanda

South Africa likely to follow in Mozambique's foot steps and leave rates on hold

The USD shed ground overnight as risk appetite revived following strong earnings reports on Wall Street. The firming of the AOA is in part attributable to a notable rate hike earlier this month by the Bank of Angola. Fitch noted that the deterioratio...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 22 July 2021

Rwandan Franc and Ethiopian Birr strengthen despite risk-off conditions

The big news in East Africa this week is that Ethiopia is planning to start producing electricity from the disputed hydropower dam on the Nile River. This comes after the government completed the second phase of filling the giant reservoir, according...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 20 July 2021

Africa records 43% weekly rise in coronavirus deaths as public fatigue sets in

Hopes for Chinese stimulus following a disappointing GDP figure from the world’s second largest economy continued to filter through the base metal markets yesterday. The June year on year print came in at 8.2% y/y from 6.2% y/y in May, while the mont...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 16 July 2021

UGX strength helping to keep inflation in Uganda contained

The week kicked off with current account trade data out of Kenya. A widening current account deficit could weigh on the Kenyan Shilling's resilience going forward. According to the ERA, the reduction results from the appreciation of the Ugandan shill...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 13 July 2021
UGX strength helping to keep inflation in Uganda contained
UGX strength helping to keep inflation in Uganda contained

SA extends hard lockdown, Moody's leaves Niger's credit rating unchanged

Although the week will start off quietly with very little data on offer, the week ahead will be an important one in that earnings season will offer further insight into the state of corporate America in the midst of growth concerns, new COVID-19 vari...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 12 July 2021

African sovereigns vulnerable to tightening monetary conditions

The latest FOMC minutes offered no clear-cut view on how the economic recovery would unfold, although there was agreement that the conditions needed to describe the economy as having made substantial progress, had still not been met. Concerns over th...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 8 July 2021