Analysis and market intelligence on fixed income, forex and equities in Asia, EMEA and Latin America

Middle East & Africa


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Nigeria / Economy

Our bullish view on Nigerian equities continues to play out due to strong performance in the financial sector and ongoing growth in the consumer industries. We believe that a buoyant economy will help drive further gains, although there are some risks, most notably due to the country's security situation and associated political risks.

2013-05-16

South Africa / Economy

Recent data augur for slow economic growth in South Africa, boding ill for the rand and reinforcing our bearish stance toward the currency. Statistics South Africa has released March... 2013-05-10


Angola / Economy

African currencies have been relatively stable by historical standards over the first months of 2013, although in many countries risks remain weighted to the downside. Meanwhile, the... 2013-05-01


Analysis On Fixed Income, Fx & Equity Markets

Nigeria

Our bullish view on Nigerian equities continues to play out due to strong performance in the financial sector and ongoing growth in the consumer industries. We believe that a buoyant... 2013-05-16


South Africa

Recent data augur for slow economic growth in South Africa, boding ill for the rand and reinforcing our bearish stance toward the currency. Statistics South Africa has released March... 2013-05-10


Angola

African currencies have been relatively stable by historical standards over the first months of 2013, although in many countries risks remain weighted to the downside. Meanwhile, the... 2013-05-01


Nigeria

We continue to expect the Nigerian naira to remain stable over the near term, given the currency's strong fundamental position, bolstered by a wide current account surplus and ample... 2013-04-29

BMI Sovereign Ratings

Angola

BMI View: The latest update of our Sub-Saharan Africa Sovereign Risk Ratings has seen some notable moves, both to the upside and the downside. We continue to regard Gabon as the most... 2011-03-30


Angola

BMI View: The latest update of our Sub-Saharan Africa Sovereign Risk Ratings has seen some notable moves, both to the upside and the downside. We continue to regard Gabon as the most... 2010-12-08


Angola

BMI View: The latest update of our Sub-Saharan Africa Sovereign Risk Ratings has seen some notable moves, both to the upside and the downside. We continue to regard Gabon as the most... 2010-09-27


United Arab Emirates

BMI View: The macroeconomic recovery taking place throughout the Middle East and North Africa (MENA) fails to inspire us, highlighted in the region's average sovereign risk rating remaining... 2010-09-02

Currency Forecasts

South Africa

The South African rand is locked into a depreciatory trend channel against the US dollar and looks set to weaken further over the coming months, from both a technical and fundamental... 2013-02-21


South Africa

Short-Term Outlook: We maintain a constructive stance on the South African rand, given the encouraging technical picture, general weakness of the US dollar and strong foreign investor... 2012-08-22


Algeria

Our near-term outlook for the Algerian dinar is neutral. The currency has been in a multi-quarter downtrend against the US dollar, and the unit traded at DZD74.33/US$ on December 16.... 2011-12-16


Syria

Our near-term outlook for the Syrian pound is bearish. After trading in a tight sideways band for over five months in the SYP47.40/US$ range, the currency has since sold off and was... 2011-11-18