Nigeria: Total public debt stock stands at 23.2% of GDP could move to 40%, UBA 43.5% jump in PAT after Ghana impairment. Ghana: Parliament set to vote on new bills that could support IMF board approval. Kenya: Central bank cuts 2023 GDP growth on wea...

Kenya: Central bank hikes rate higher than expected, Fitch notes a sustained decline in reserves could lead to downgrade. Ghana: Energy prices to fall for a third consecutive month. Zambia: Finance minister reiterates the urgent need for a significan...

Sovereign risks in Egypt, Kenya, Tunisia and Pakistan were top of mind, as well as restructurings in Sri Lanka & Zambia. Frontier and smaller EM remains undervalued as global confidence remains shaky, not helped by SVB and Credit Suisse. Limited appe...

Nigeria: Central bank increases cash supply into economy, Seplat Energy sues former Chairman and co-founder. Kenya: Regulator increases electricity tariffs, Government to introduce new restructuring plan backed by IMF for airline. Ghana: Finance Mini...

Forex: Currency performance remains a significant driver of African monetary policy at the start of 2023. Fixed Income: Ethiopia, Uganda and Zambia face potential credit rating action this evening. Macroeconomic: Africa’s adoption of crypto currency....

Forex: The forward market is signaling another devaluation in the Egyptian pound. Fixed Income: Bank of Angola cuts rates as inflation falls back toward single digit territory. Macroeconomic: Nigeria and Morocco both hiked rates by 50bps on Tuesday.