The Markets

DUBAI (S&P Global Ratings) Feb. 20, 2023–As Tunisia seeks to secure an IMF program to alleviate its twin deficits, the country’s banks are navigating major uncertainty and significant macroeconomic pressure, according to a new S&P Global Ratings scenario analysis report published today. “With a potential IMF deal looming, we have analyzed the current situation and considered the potential financial and economic implications for the banking sector under three hypothetical scenarios, from low stress to severe…

LONDON (Capital Markets in Africa) – Looking for a “precious” present for your loved one? Hargreaves Lansdown investment analysts highlight their picks for gold exposure this Valentine’s Day. Alex Watkins, Passive Investment Analyst, Hargreaves Lansdown “Roses are red, gold shines bright, buy a gold ETC to track the spot price overnight. Gold is often associated with luxury, wealth and romance, which makes it a popular gift choice for Valentine’s Day. We often gift gold jewellery…

  JOHANNESBURG, South Africa, February 13, 2023/ — Pan-African fintech, Yellow Card (YellowCard.io) is excited to announce its biggest giveaway ever with “A WHOLE in Your Wallet”. The competition will provide customers with a rare chance to win one Bitcoin (BTC) worth over $23 000 (at the time of publishing). The “A WHOLE in Your Wallet” lucky draw competition will run from 13 February until 26 March, and is open to all customers who buy,…

LONDON (Capital Markets in Africa): Running against the tide, the currencies of Armenia, Georgia, and Tajikistan have been steadily appreciating over the course of 2022. Exchange rates of these currencies are now significantly above their levels prior to the Russia-Ukraine conflict and among the strongest performers across emerging markets so far this year, S&P Global Ratings said in a report (see attached). Central Asian And Caucasus economies have experienced a massive influx of people from Russia, who fled…

27 Sep 2022 | Policy announcements are coming thick and fast in the UK at the moment and have been greeted with the most significant sell-off in UK assets in decades. Is this a case of markets overreacting or have the UK public finances been put on an unsustainable footing? Will the Bank of England react to the fall in sterling or are markets setting themselves up to be disappointed? We will set out our…

LAGOS (Capital Markets in Africa) – LME copper cash prices averaged $9,293.7 per ton in the year- to-August 24, 2022 period, constituting an increase of 1.4% from an average of $9,164 a ton in the same period of 2021. Supply disruptions and expectations of robust global demand drove the rise in prices. Also, copper prices declined to $8,076 per ton on August 24, 2022 from an all-time high of $11,299.5 a ton on October 18,…