Category Archives: Capital Markets

Click here to download report...

Analyst: Chidozie Daniels c.daniels@vetiva.com Kenya to buyback 2024 Eurobond at par value. On Wednesday, February 7, 2024, the Republic of Kenya announced its intentions to repurchase its $2 billion Eurobond due to mature in June 2024. Several key elements of the deal were disclosed; notably, the buyback is contingent upon the successful completion of its...

Analyst: Chidozie Daniels* c.daniels@vetiva.com AM central banks maintain policy rates amid sticky inflation. In the recent week, monetary authorities worldwide disclosed their latest policy stance, evaluating the repercussions of prior rate adjustments on inflationary trends within their respective economies. For central banks in advanced markets (AM) such as the U.S. Federal Reserve (FED), Bank of Japan...

Nigerian equities kicked off 2024 on a strong note, as the NGXASI gained 35.3% in January. Likewise, the positive performance filtered into our picks for 2024, with our conviction stocks returning 12.6% in the same period. Starting with the financial services space, our banking picks had a mixed showing. While FCMB returned an outstanding 20.9%...

In 2023, our high-conviction stocks demonstrated a notable weighted average return of 87%, surpassing the ASI’s year-on-year return of 46%… In 2024, our outlook is characterized by cautious optimism as we anticipate sustained growth within the telecoms sector, with MTNN poised to maintain its impressive trajectory… This year, we foresee a continuation of the investment...