Refine by sector
Latest in South Africa

Near term outlook for African bonds is gloomy as inflation pressures build

Oil prices have gapped sharply lower this morning as commodities in general have taken a battering from growing recession concerns. Egypt’s GDP growth rate slowed to 0.8% q/q in Q1 from 4.6% q/q in Q4, reflecting the impact of the war in Ukraine, whi...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 1 July 2022

Daily Credit Briefing

Top Credit Stories BANKS - Termination of coverage CONSUMER - Termination of coverage FINANCIALS - Termination of coverage HIGH YIELD - Termination of coverage: INDUSTRIALS - Termination of coverage  
UniCredit Sven
Sven Kreitmair @ UniCredit 30 June 2022

Relative bond attractiveness in focus, bond outflows weigh on Egyptian pound

It appears that bond markets are pricing in major central bankers slowly winning the fight against inflation and inflation expectations. Democratic Republic of Congo: The World Bank has approved $750mn in funding for the DRC, including its first dire...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 30 June 2022

Africa’s bond market is dominated by South Africa, Egypt and Nigeria

Oil prices rallied for a third straight session yesterday but are on the defensive this morning as the focus is shifting back towards the weaker growth narrative. South Africa's refinery capacity has faced several challenges, such as unplanned closur...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 29 June 2022

Africa is pioneering the adoption of digital currencies

Some caution is evident in the markets this morning through the Asian session, with US Treasuries climbing alongside JGBs as equities struggle for traction. Access to reliable and affordable digital infrastructure remains a challenge for many countri...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 28 June 2022

Deteriorating terms of trade explain the Kenyan shilling's weakness

Global bond yields have stabilised this morning it seems, if what is happening in the UST market is anything to go by. In the near term risks have shifted to the downside as investors price for lower economic dynamism across the globe. While inflatio...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 24 June 2022