Analysis On Fixed Income, Fx & Equity Markets

As we move into 2012, our asset class strategy for Sub-Saharan Africa remains broadly unchanged from December 2011. We see East African local debt as offering the most compelling investment... 2012-01-04

The Mauritian Semdex has made gains in recent trading days, opening at 1,888 on January 3, representing a 2.2% increase since bouncing off support on December 20 2011. Although we believe... 2012-01-03

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

BMI View: The South African economy is poised for a slowdown in 2012, with real GDP growth forecast to come in at 2.7%, down from an estimated 3.1% in 2011. Although private consumption... 2011-12-09

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

In line with our call, the Ghanaian cedi has hit a new all-time low against the US dollar (see 'FX: Bearish Technicals', November 24 on our online service). At the time of writing,... 2011-11-30

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

Sub-Saharan African FX remains under pressure amid heightening concerns regarding the eurozone as well as a range of domestic factors. BMI maintains its bearish stance on the South... 2011-11-24

A mixed macro picture has meant that Botswana's Domestic Companies' Index has traded sideways in recent weeks. The index opened at 6,930 on November 23, representing gains of 8.1% year-to-date.... 2011-11-23