Egypt
EGP=X steadies as Egypt secures €7.4 billion EU support through 2027; CDS near 350 bps and NG=F exports strengthen FX inflows, signalling tighter spreads and improving debt sustainability under EU-IMF reform benchmarks.
Tanzania
AfDB’s USD 60m pledge to TADB expands capital and rural credit as XAUUSD stabilizes export earnings and BZ=F keeps fuel costs contained; TZS=X trades steady, reserves exceed five months, and growth holds near 6%.
Senegal
Senegal’s rerating hinges on execution: XS1790104530 requires spreads <700 bps as the peg keeps XOF=X stable; if CPI ≤4% and consolidation prints on schedule, markets migrate from tactical to structural allocations.
Mozambique
Mozambique’s telecom transparency push targets lower funding spreads as US10YT=RR stays elevated; operators VOD.J and MTN.J gain regional clarity while Mozambique 2031 bond yield ≈ 10.4% tests investor response to governance credibility.
Uganda
Uganda targets patient capital to fund SMEs as GDP hits USD 53 bn, inflation 4.3%, and yields 16%; pension pools may shift 5% toward private assets while UGX=X stability and CL=F, XAUUSD benchmarks support external confidence.
Algeria
BZ=F near $61 and CL=F near $58 frame Algeria’s shift to capped guarantees as reserves hold above $66bn and the dinar trades 129–133 per USD, setting measurable thresholds for risk-premium compression through mid-2026.
Libya
Libya’s CBL meets U.S. firms to restore FX access; BZ=F steady near USD 85 as LYD stability, reserve transparency, and oil-linked liquidity drive a cautious path toward full monetary reintegration.
Nigeria
NGX:OKOMUOIL profit rises 113% to ₦60 billion; NGXASI climbs 45% YTD as XAUUSD and CL=F stability support valuations and input-cost discipline through Nigeria’s disinflation cycle.
Chad
Chad’s SolCaribe grid plan links fiscal repair and energy reliability as BEAC yields hold near 7% and global oil benchmarks (BCO=F, CL=F) frame external receipts across the CEMAC bloc.
Namibia
Namibia’s automation drive tightens SME loan spreads and broadens the tax base; banks CGP.NM and FNB.NM gain from data-rich underwriting as the 6.50% repo anchors the peg. Watch adoption share, spread differentials, and VAT/PAYE breadth for validation.
Egypt
EGX30:IND hits 38,000 as EGP=X steadies near 47.5; CBE rate cut to 21.0% and reserves at $49.5 bn sustain investor confidence while BZ=F and CL=F stabilize below $62, supporting Egypt’s fiscal-monetary balance.
Zambia
Zambia’s copper revival steadies USD/ZMW and compresses XS1267081575 spreads; with HG=F near USD 3.85 per lb, policy discipline keeps inflation and reserves on track through 2026.