Poised for growth In the face of prevailing challenges, the telecom industry across our coverage countries in Sub-Saharan Africa has displayed resilience, with mobile money and data emerging as the predominant growth catalysts, aligning with our earlier forecasts. While penetration rates vary across markets, noticeable gaps persist in each, prompting telcos to proactively address these...
Core banking to drive growth 2023 was a challenging year for the banking sector globally, as the sector suffered from the fallout of regional banks in the U.S amid tighter monetary policies, confluence of geopolitical tensions, economic uncertainties, and technological advancements. However, SSA banks proved resilient amid headwinds, with Nigerian banks leading the pack, owing...
A thorny path to harvest The Nigerian agricultural sector has been grappling with legacy issues and declining productivity which were further worsened by ongoing geopolitical tensions. However, with strategic policy implementation and intra African trade opportunities, there is potential for growth. The realization of these prospects faces obstacles, particularly the lack of infrastructural development in...
Equities – Rising economic uncertainties drive mixed performance. In contrast to the initial predictions, global capital markets have not undergone the expected shift in investor optimism. The surge in interest rates has moderated corporate enthusiasm for equity investments, notably in the context of initial public offerings (IPOs). On the economic front, there is a discernible...
A mired journey ahead The global demand for oil is holding strong, especially in key markets like China and the U.S. This sets the stage for positive outcomes in the upstream part of the sector, where we could see more revenue and better profits. However, challenges such as weak infrastructure suggest that Nigeria may not...
Supply constraints to fuel CPO price volatility Since late 2022 and Q1 2023, CPO (Crude Palm Oil) prices have been bolstered by heavy rainfall and flooding associated with the La Nina weather phenomenon, which disrupted harvesting and collecting activities across the industry. Another contributing factor was the market expectations of a significant rise in biodiesel...