Economic Analysis - KES: Increasing Stability But Pressures Weighted To The Downside - 18 DEC 2017
Emerging Markets Monitor December 2017 / Kenya / Economy
The Kenyan shilling is likely to see increased stability in the coming months given greater confidence in the country's political outlook. That said, this will not deter the shilling's long-term...
Political Risk Analysis - Expropriation Reinforces Investment Risks - 02 OCT 2017
Emerging Markets Monitor September 2017 / Tanzania / Political Risk
A recent dispute between the Tanzanian government and the London-listed mining company Petra Diamonds highlights the challenging operating environment in Tanzania. This will further weaken the...
Economic Analysis - Growth Will Recover In 2018 - 02 OCT 2017
Emerging Markets Monitor September 2017 / Namibia / Economy
Economic activity will accelerate over the coming quarters in Namibia, having struggled with significant fiscal constraints and limited investment in 2017. Major increases in mining output and...
Economic Analysis - Unorthodox Financing Plan Will Raise Political Risk - 02 OCT 2017
Emerging Markets Monitor September 2017 / Algeria / Economy
The reappointment of Ahmed Ouyahia as prime minister of Algeria, and the launch of a new economic plan, signals that that the government will strive harder to cut spending in a bid to narrow its...
Economic Analysis - Forecasts Revised Down On Election Uncertainty - 02 OCT 2017
Emerging Markets Monitor September 2017 / Kenya / Economy
We have revised down our forecasts for real GDP growth in Kenya over 2017 and 2018, as political uncertainty following the annulled presidential election will weigh on business sentiment. That...
Currency Forecast - ZMW: Gradual Sell-off Ahead - 18 SEPT 2017
Emerging Markets Monitor September 2017 / Zambia / Economy
We expect that the Zambian kwacha will continue to sell-off in the months ahead as real rates become less attractive and the country's terms of trade deteriorate modestly. In the long term while...
Economic Analysis - Hydrocarbon Production And Infrastructure Will Drive Growth - 18 SEPT 2017
Emerging Markets Monitor September 2017 / Cameroon / Economy
Growth in Cameroon will pick up in the coming quarters on the back of a ramp-up in hydrocarbon production and infrastructure investment. However, a slowdown in the wholesale & retail...
Currency Forecast - AOA: Mounting Pressure Will Encourage Further Devaluation In 2018 - 18 SEPT 2017
Emerging Markets Monitor September 2017 / Angola / Economy
Above target inflation and concerns over social instability will see Angola's central bank maintain the kwanza's official peg to the US dollar over the next six months. That being said, the currenc...
Political Risk Analysis - Dos Santos To Depart, But Little Policy Change Post-Election - 21 AUG 2017
Emerging Markets Monitor August 2017 / Angola / Political Risk
Angola's governing MPLA is on course to retain its majority in the August 23 legislative election, a vote that is set to also usher in the country's first new president in over 37 years as Jose...
Economic Analysis - Hydrocarbon Exports Will Narrow Current Account Deficit - 21 AUG 2017
Emerging Markets Monitor August 2017 / Ghana / Economy
Ghana's current account deficit will narrow over the coming years due to significant increases in exports of hydrocarbons and tepid growth in imports. The narrowing current account surplus alongsid...