Over the past several weeks we have heard about the gloomy outlook for consumer demand in developed markets. Household deleveraging in the US and the growing debt crisis in peripheral eurozone states suggest that a return to robust demand levels will be hard to come by. In this context, we examine the outlook for the [Read more...]
In this week’s Business Monitor podcast, Yoel Sano speaks to Lisa Lewin, Head of Africa Analysis, on her recent trip to Nigeria and Ghana. Lisa discusses both countries’ economic outlook for 2010, Nigeria’s banking sector and political crisis, and how Ghana’s forthcoming oil production promises to transform the economy.
Having lagged much of the global rally that kicked off in March 2009, Sub-Saharan African equity markets are at long last beginning to perk up. Interestingly, the major markets are also moving with a much greater degree of correlation than in previous years, suggesting that they are creeping onto the collective radar of international investors.
On [Read more...]
My colleagues and I have just returned from a research trip to Nigeria with some interesting insights. Generally, business is booming, with a host of banks, private equity funds and corporates reporting strong economic activity. The difficult-to-measure informal sector also seemed to be flourishing, with general commerce looking robust. (Image: Downtown Lagos)
Incidentally, opinion seemed unanimous [Read more...]
In this week’s podcast Mark Schaltuper (Head of Latin America Analysis) and Terry Alexander (Head of Country Risk and Financial Markets) discuss the return of risk appetite to global markets. Assessing recent moves and a stronger-than-expected bounce in developed markets’ equities, we explore potential opportunities and the implications for emerging markets.
BMI’s Africa team cautions that political risk in Sub-Saharan Africa may be on the rise as a full-blown leadership crisis continues to escalate in Nigeria. Alan Cameron and Lisa Lewin provide some insight into an increasingly tense political situation, sharing their views on potential outcomes from the ongoing crisis. The next couple of weeks and [Read more...]
The Ghana All-Share Index was the worst-performing stock market in Sub-Saharan Africa in 2009, but I believe that it could reverse its fortunes and be among the top performers in 2010. Having experienced a dramatic 48.0% fall in the first half of 2009, the market has found support around 5,200, and now appears to be [Read more...]
Subscribe to our free daily or weekly email newsletters or get our latest posts on your prefered RSS reader.
