Middle East & Africa
Nigeria / Economy
The National Bureau of Statistics' (NBS) decision to reweight the consumer price index in July does not alter our average inflation forecasts of 11.8% in 2010, and 11.1% in 2011. Although fiscal and monetary conditions will remain loose, this will not translate into higher inflation until bank lending shows more convincing signs of reviva
2010-08-26Bahrain / Economy
Our long-held view that Bahrain's fiscal and financial troubles had not been fully priced into bond yields has been given added weight today, at least in the eyes of the market, with...
2010-08-23Cote d'Ivoire / Economy
In light of the latest rally in Sub-Saharan African eurobonds, we reiterate our view that both Ghana and Gabon have reached a top. That being the case, we continue to favour instruments...
2010-08-23Analysis On Fixed Income, Fx & Equity Markets
Nigeria
The National Bureau of Statistics' (NBS) decision to reweight the consumer price index in July does not alter our average inflation forecasts of 11.8% in 2010, and 11.1% in 2011. Although...
2010-08-26Bahrain
Our long-held view that Bahrain's fiscal and financial troubles had not been fully priced into bond yields has been given added weight today, at least in the eyes of the market, with...
2010-08-23Cote d'Ivoire
In light of the latest rally in Sub-Saharan African eurobonds, we reiterate our view that both Ghana and Gabon have reached a top. That being the case, we continue to favour instruments...
2010-08-23Kenya
BMI View: Relatively liquid Sub-Saharan African currencies continue to be driven by moves in the dollar-euro exchange rate, and this being the case, our global team's view for the...
2010-08-17Angola
BMI View: As the economic recovery continues apace, our proprietary Sovereign Risk Ratings for Sub-Saharan Africa remain broadly stable. We see Gabon as the most creditworthy sovereign...
2010-06-03BMI View: This quarter, we use our proprietary sovereign risk ratings to assess the relative attractiveness of several forthcoming Eurobonds. Nigeria's US$500mn issue is the most...
2010-05-12Our last Sovereign Risk Ratings (SRR) update came against a turbulent moment in Middle Eastern debt markets: we went to print on December 7 2009, two weeks after Dubai World (DW)...
2010-03-11As we move towards the close of 2009, we have rolled over our Sovereign Risk Ratings, so that they now reflect our forecasts and outlook for 2010. This has broadly resulted in upward...
2009-12-03Sudan
Having dropped precipitously from its 2010 high of SDG2.2222/US$ to SDG2.3600/US$ on July 1, the Sudanese pound has since clawed back some gains, trading at SDG2.2943/US$ on July 14....
2010-07-14Botswana
In line with our short-term view for the South African rand, we expect the pula to remain broadly stable versus the US dollar with BWP6.40/US$ - BWP7.30/US$ likely to form the bounds...
2010-07-13Nigeria
Following a brief period of downward pressure on the exchange rate in May 2010, the naira has again stabilised in the NGN150.00/US$ region, where we expect it to remain over the coming...
2010-07-12Kenya
The Kenyan shilling found support at KES81.00/US$ after a six month bout of depreciation, during which it lost approximately 9% against the US dollar. With a weak recovery in the US...
2010-07-09
