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...

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...

The FX markets have seen a strong rotation to the traditional safe haven currencies over the past 24 hours as the market focuses squarely on the risks associated with the rising Delta COVID-19 variant cases across the globe. Note that Kenya’s public ...

Gold remains steadfast in its climb higher, albeit in small increments at the moment. Recall recent data from the Central Bank of Kenya (CBK) showed that the current account deficit widened to 5.5% of GDP in the 12 months to May from 5.2% of GDP in t...

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...

The substance behind the economic recovery is becoming essential to discern. There has been a lot of inflation fear priced into the bond market, and perhaps this is a sign of some calm returning. Kenya: In a statement released yesterday, Kenya’s Nati...