Forex: Egypt’s remittance inflows edge lower. Fixed Income: Tanzanian bonds are outperforming regional peers. Macroeconomic: Africa is pivotal in the global transition to gas.

Forex: Fundamental backdrop remains unfavourable for the cedi. Fixed Income: Fitch downgrades its outlook for Egypt. Macroeconomic: Economic growth in Tanzania slows to 4.8% y/y in Q2 2022.

Forex: Naira's weakness in the parallel market places it amongst the worst-performing currencies. Fixed Income: Improved liquidity is key to developing Africa’s debt markets. Macroeconomic: Global food price inflation continues to trend lower.

In small emerging markets, Pakistan off FATF Grey List, Tanzania added, Morocco, Philippines, Turkey, UAE remain. Grey List denotes deficiencies in anti-money laundering and counter-terror regulation, but does not trigger sanctions. FATF designations...

Forex: Volatility in the Ghanaian cedi bounces higher. Fixed Income: Kenya shows more signs of a potential debt restructuring. Macroeconomic: Investment interest in Africa’s LNG sector increases as Europe's energy woes intensify.

Forex: USD is significantly overvalued. Fixed Income: Market implied probability of a default in Ghana has surged in recent months. Macroeconomic: IMF downwardly revises its global growth forecast.