Delivering growth amidst several headwinds. Across our coverage countries, trends have been similar, and just like we anticipated mobile money and data has been the major growth driver for the industry in Sub-Saharan Africa. Although penetration rates differ, gaps still exist in each of these markets. Telcos have made considerable efforts to cover these gaps...
Policy Reforms to drive strong performance. With the over-due policies to drive reforms in the Oil & Gas sector now being implemented, our expectations for our coverage companies are now more optimistic. For the downstream segment, we note that much of the struggles our coverage companies faced was the effect of price controls on margins....
Executive Summary. The world has seen a significant increase in economic activity as countries have reopened their economies and supply chains have eased. China has been at the forefront of this recovery, with its economy reopening and supply chains easing. However, the Ukraine war has had a significant impact on the global economy. The conflict...