Kenya

BMI View: Although the technical picture suggests that a period of consolidation is on the cards, we do not expect sharp sell-offs for East African currencies over the coming weeks.... 2011-12-12

As we head towards the end of 2011, we retain our tactical preference for East African FX and select local debt markets in Sub-Saharan Africa. Meanwhile, we see little to like in the... 2011-12-08

The outlook for inflation across Sub-Saharan Africa is mixed. Broadly speaking, we see price pressures building in key markets in West Africa; for Southern Africa we expect inflation... 2011-12-05

The 12 months to November 2011 have been torrid for Kenyan financial assets. Trading at 3,252 at one point on November 28, the Nairobi Stock Exchange-20 (NSE-20) index has shed over... 2011-11-28

BMI View: With overnight deposit rates spiking to 21.00% in response to an aggressive rate hike by Kenyan monetary authorities, we have decided to open a bullish KES/US$ position at... 2011-11-02

BMI View: We highlight Kenyan stocks and the Kenyan shilling as markets which look promising. Caution is warranted on Zambian stocks and the Ghanaian cedi. We continue to view local... 2011-11-01

We are becoming increasingly bearish towards Sub-Saharan African (SSA) FX given the ongoing trends for euro weakness, US dollar strength and a deteriorating outlook for regional macroeconomic... 2011-09-13