Sharp exchange rate depreciation and rising inflationary pressures have been exacerbated by an unpredictable and often contradictory monetary policy by the Central Bank of Kenya. Can recent – admittedly half-hearted – measures to tighten policy prevent further shilling depreciation and reverse the inflationary trend? This week Mark Schaltuper speaks to Sub-Saharan Africa analyst, Matt Searle,… [Read more]
As the rally in the more common emerging market assets starts to look shaky, I see a number of reasons to like what’s on offer in frontier markets, Africa in particular. To my mind, the two assets that really stand out are Nigerian equities, and the Ugandan shilling. In the case of Nigerian stocks, I… [Read more]
In line with my view of a renewed bounce in the US dollar (which is playing out really nicely, by the way), I believe that the recent gains of some sub-Saharan African currencies could be rather short-lived. Indeed, over at businessmonitor.com, I have been highlighting the potential for a rally in the Kenyan shilling, which… [Read more]
