Kenya

In late July, we identified the upside potential of several sub-Saharan African currencies, highlighting that appreciation looked likely thanks to improving global risk appetite,... 2009-09-09

BMI View: Ongoing trends in inflation and interest rates are supportive of Kenyan local debt, and various government initiatives will likely buoy the market further. We expect yields... 2009-08-19

Kenya's Nairobi Stock Exchange-20 (NSE-20) equity index is currently in a five-month upward trend channel, and we believe that the gains have further to run. Since the market bottomed... 2009-07-28

The Kenyan shilling made a false break through the KES76.00/US$ resistance level over July 2-3, and has since retraced to trade at KES77.12/US$ at one point on July 7. As we warned... 2009-07-07

BMI View: We are forecasting that interest rates will be cut by 100bps over the remainder of 2009, likely beginning with a 25-50bps cut in July. The authorities are in dovish mode,... 2009-06-30

Kenya's Nairobi Stock Exchange-20 (NSE-20) equity index has put in a disappointing performance recently. Despite making a bullish break out of a six-month trend channel in late April,... 2009-05-28

In light of the global equity rally, we here examine the extent to which the global bullish trend is reflected in sub-Saharan Africa equity markets. We note that more integrated economies,... 2009-05-07

The Kenyan shilling has made a bullish break above the KES77.30/US$ resistance level we have been watching, trading at KES76.85/US$ at one point on May 6. The currency has appreciated... 2009-05-06

BMI View: We remain medium-term bearish on sub-Saharan African FX, but the short-term outlook is mixed. Here, we present our views on Uganda, Kenya, Tanzania, Angola and Ghana.

The KES80.00/US$ level is providing strong support, and there have been several false breaks of late. Continued range trading around KES80.00/US$ looks likely for the near term. In... 2009-04-16