Ghana
Ghana is engaging stakeholders ahead of its 2026 budget as it grapples with ~70% public debt and ~2.5% growth. Markets will watch revenue/GDP targets and new issuance to assess if sovereign spreads (currently ~420bps) can be compressed.
Switzerland
Switzerland announces bilateral trade talks with Poland targeting exports and financial services. Investors and cross-border funds should track regulatory alignment and trade flow impacts on portfolio strategy.
Norway
Norway’s $2.1 trillion sovereign fund updates stewardship strategy, influencing corporate governance and ESG practices. Investors and global asset managers should note potential portfolio rebalancing and risk-adjusted returns.
Sweden
Sweden launches enhanced Financial Intelligence Centre, closing over 400 bank accounts to strengthen AML compliance. Investors and Nordic financial institutions should anticipate operational cost increases and improved systemic stability.
Nigeria
Nigeria’s reform agenda sees external bond access improve, but food inflation above 20% threatens consumer demand, pressuring the CBN and FX buffers. For global investors, watching the NGN yields and import-cover ratio will be crucial into 2026.
Kenya
Kenya’s Local Content Bill 2025 mandates 60% sourcing from locals and 80% Kenyan workforce for foreign firms, posing compliance risk for investors and a potential recalibration of FDI flows ahead of 2026. Monitor FDI quarterly and capital-account data.
The Netherlands
Dutch apartment approvals rise 22% y/y, single-family permits fall, reflecting urban demand shifts. Investors and real estate funds can target high-yield urban residential projects with stable rental income.
Spain
Spain launches €1.2 billion circular economy investment programs, enhancing sustainability and industrial efficiency. Investors and green funds can access co-financed projects with ESG-aligned growth and productivity gains.
South Africa
South Africa’s ZAR rose to ~17.26/USD as the mid-year fiscal review approaches and possible credit-rating upgrade looms. Investors will monitor sovereign spreads versus US 10-yrs and ETF flows to gauge sustained risk-on momentum.
Egypt
Egypt’s urban CPI jumped to 12.5% in October as fuel and rent changes bite, putting pressure on the EGP, local yields, and the IMF-anchored reform programme. Investors should watch M2 growth and the EGP’s depreciation path.
United Kingdom
The Bank of England launches a consultation regulating sterling stablecoins, outlining capital, liquidity, and operational requirements, emphasizing systemic stability.
European Union (EU)
ECB Vice-President Luis de Guindos signals that the euro-zone policy rate remains appropriate barring deviations in inflation or transmission, underscoring that while area growth (~1%) may stay low, the ECB’s stance remains conditional and vigilant.