Refine by sector
Latest articles in Rwanda

Bearish bias in the Kenyan Shilling persists, Uganda's CB to keep rates on hold

It has been a relatively quiet start to the week, with the US enjoying a holiday on Monday. While inflation risks are skewed to the upside, headline inflation in Uganda remains benign. At the start of the week, the USD has regained a firmer footing, ...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 12 October 2021

Speculators turn more bullish on the USD, outlook for East African FX worsens

The start of the new month brought with it the PMI data out of Uganda and Kenya. Meanwhile, Kenya’s headline PMI reading fell in September, decreasing to 50.4 from 51.1 in the previous month. That said, the lifting of lockdown measures in many countr...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 5 October 2021

All eyes on Kenya rate decision, speculators turn more bullish on the USD

On the trade front, Kenya and Ethiopia have agreed on a pact that will create a free trade area that will facilitate easier cross-border trade. While international oil prices are likely to remain elevated in the coming months, Kenya’s high court judg...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 28 September 2021

African bonds face a dichotomy of easing China concerns and US taper fears

After the initial knee-jerk reaction to the Fed statement which nudged the USD higher, it has since retreated and lost some of its upside momentum. Much of what had already been priced in has come to pass. The copper market had a stellar session yest...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 23 September 2021

Fixed Income Strategy: Top picks for Q4 2021

We present our top picks for the rest of this year – an update to our top picks for 2021, published in December. Angola (B3/CCC+/CCC) has been one of the better-performing markets this year (helped by the recovery in oil prices), with a total return ...
Tellimer Research Stuart
Stuart Culverhouse @ Tellimer Research 16 September 2021
Fixed Income Strategy: Top picks for Q4 2021
Fixed Income Strategy: Top picks for Q4 2021

USD sells off after core CPI miss, Tanzania moves closer to $30bn gas project

Focus in East Africa over the weekend was centred on the ongoing security issues in Ethiopia. Moreover, we expect the economic recovery in the region to persist in the months ahead, supported by stronger external demand from the region’s trading part...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 14 September 2021