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Latest articles in Sub Sahara Africa

Nigeria's depreciating naira and the CBN's next move

Since the Central Bank of Nigeria (CBN) banned the sale of FX to bureaux de change (BDCs) and froze the accounts of several fintech firms, the naira has taken the turn for the worse. The CBN's several unorthodox attempts to stabilise the naira this y...
Tellimer Research Janet
Janet Ogunkoya @ Tellimer Research 17 September 2021
Nigeria's depreciating naira and the CBN's next move
Nigeria's depreciating naira and the CBN's next move

4 companies taking advantage of Africa's tower opportunity

In our previous report, we highlighted the huge opportunity in Africa's telecommunications tower industry. Subsequently, it expanded its presence across the continent. Helios Towers is very bullish on telecoms infrastructure in Africa and is increasi...
Tellimer Research Ayobami
Ayobami Omole @ Tellimer Research 17 September 2021
4 companies taking advantage of Africa's tower opportunity
4 companies taking advantage of Africa's tower opportunity

Stanbic IBTC: Q2 21 – earnings continue to falter; we cut our target price

Stanbic IBTC’s Q2 21 profit numbers were significantly weaker than expected, even after the weak Q1. Net attributable profit fell 56% yoy, compared with our expectation of an 11% yoy increase. The CBN's persistent cash reserve ratio (CRR) debits cont...
Tellimer Research Busola
Busola Jeje @ Tellimer Research 17 September 2021

Nigeria readies to issue its first Eurobond in 3 years, China contagion risk

China remains the focal point from an international perspective given the impact that the potential collapse of the Evergrande Group will have on the price of base metals and sentiment in general. Shipments have been rising over the past seven months...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 17 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

Ghana: GDP growth picks up to 3.9% y/y in Q2 – statistical office

Growth rate is lower than reported recently by president. Moderate acceleration driven by non-oil sector as oil sector contracts. Main sectors behind stronger non-oil growth include trade, manufacturing. Government expects growth to rebound to 5.1% t...
EmergingMarketWatch Research
Research Team @ EmergingMarketWatch 16 September 2021