Africa is no less geared to the bump in commodity export prices and no less chequered in terms of sluggish reform and accumulation of debt than Latin America, where much more liquidly traded equity market peers have rallied sharply this month. Egypt...

In our view, this is unambiguously credit-positive, and retroactively justifies Kenya’s recent outperformance. On this front, the government is currently conducting a financial evaluation of as many as nine SOEs – including Kenya Airways, Kenya Power...

In September 2020, the Economic Community of West African States (ECOWAS) agreed to postpone the adoption of its single currency “eco”, from 2020 to an undetermined future date. As it stands, it remains unclear when the eco’s adoption will finally se...

Nigeria continues to feel the effects of Covid as the economy contracted for a second consecutive quarter – by 3.62% yoy – in Q3 20. The oil sector recorded a steeper contraction of 13.9% yoy, compared to the previous quarter of -6.6% yoy, owing to l...

The Brazilian fintech ecosystem is well-diversified, with a strong cluster of anti-fraud expertise. Fintechs in Brazil are likely to see substantial increases in market share, both by enfranchising financially-excluded customers and by taking market...

According to the National Bank of Rwanda, the value of total digital transactions (payments, mobile banking and internet banking) jumped by 45% yoy in H1 20 following the implementation of Covid-19 relief measures that were meant to spur cashless tra...