Coverage of IMF, World Bank, AfDB, OPEC, ECB, BIS, and G20. Track reports, programs, and decisions shaping sovereign risk, reforms, liquidity, and global markets.
Markets
AGOA expired Sept 30, 2025, leaving a policy vacuum. Trade fell from USD 44bn highs, apparel orders in Ghana/Lesotho canceled. Risks: KENINT 2032 +50–100bps, GHANA 2034 spreads, FX (KES, GHS, ZAR), equities (PVH, LEVI, NSE:BAT, JSE:ANG).
Markets
Standard Chartered (LSE:STAN), SocGen (EPA:GLE) and BNP Paribas (EPA:BNP) are retreating from Africa as costs rise and margins shrink. Equity (NSE:EQTY), KCB (NSE:KCB) and Access Bank (NGX:ACCESSCORP) are expanding, reshaping credit flows and investor dynamics.
Markets
Standard Chartered (LSE:STAN), Société Générale (EPA:GLE), and BNP Paribas (EPA:BNP) are scaling back in Africa. Rising costs and shrinking margins push exits, while Equity (NSE:EQTY), KCB (NSE:KCB), and Access Bank (NGX:ACCESSCORP) expand, redefining market dynamics for investors.
Policy & Economy
CAF’s $5B child pledge with UNICEF is more than a Latin story. For Africa—home to 40% of the world’s children—it signals that human capital is now investable infrastructure, with debt spreads, ESG flows, and sovereign risk on the line.
Institutions
UNGA is noisy; capital isn’t. UBA’s whitepaper matters only if it shows hard metrics: $3–5bn size, ≥4× mobilization, AA/AAA wraps cutting 150–250 bps, ≥30% LCY/hedged, and a 6–12-month pipeline. Then tickers from ASI:LAG to J203 react; otherwise, it’s just polite applause.
Markets
Tanzania and Ethiopia push energy reforms—Tanzania via upstream regulation with Algeria, Ethiopia through fuel liberalization and renewables. Investors watch for fiscal gains, ESG alignment, and investable outcomes within 12–24 months.