Articles

The lack of adequate addressing and digital mapping have significantly hindered the development of e-commerce in Sub-Saharan Africa (SSA) and have resulted in delivery issues and reduced consumer trust. While this presents significant investment opportunities in mapping infrastructure, data management, and localised mobile apps to improve logistics

Key View

• We have lifted our end-2024 forecast for Bulgarian client loan growth from 8.0% y-o-y to 10.0% as monthly loan growth continued to accelerate in Q124.
• Growth will be underpinned by lending to the household sector, as Bulgarian banks continue to offer loans at a discount to the BNB policy rate, due to ample liquidity.
• Nonetheless, we expect

Key View

• The integration of continuous glucose monitoring systems with remote patient monitoring platforms will be supported by partnerships, led by Dexcom. 
• Senseonics will continue to emerge as a competitor in the CGM market through its partnership with Rimidi and following iCGM designation status of its Eversense CGM. 
• Increased governmental

Latest Development: Telecom Argentina’s Q124 earnings call reiterated the company’s commitment to invest into fibre-to-the-home (FTTH), mobile networks and 5G development, with the recent strengthening of the Peso underpinning improvements in bottom-line figures. Should the Peso continue to appreciate, coupled with a deceleration in inflation, this

Latest Development: PAIX Data Centres (PAIX) has partnered with the Djibouti Sovereign Fund to establish a cloud- and carrier-neutral data centre in Djibouti. Slated to open in 2026, it will feature a maximum IT load of 5MW and offer advanced infrastructure and interconnectivity, leveraging Djibouti's position as a key gateway to undersea cables in

Key View

• Q124 GDP growth estimates for Central and Eastern Europe (CEE) have confirmed our expectations for a gradual acceleration in economic activity across the region.
• Robust wage growth and falling inflation has bolstered real disposable incomes in the region, which has supported a firmer consumption recovery than seen in DM European economies.
• Th

Key View

• We expect to see further civil unrest in Georgia in the wake of the Foreign Agents Bill passing its third and final reading on May 14 and in the run up to the October 26 election.
• The bill’s adoption will damage Georgia’s EU aspirations severely, but we think Brussels is unlikely to revoke its candidacy status for fear of further pushing

Please Note: BMI is enhancing its risk analysis with a new scoring system following its acquisition of GeoQuant, a market-leading provider of political risk data. From March 27 2024, risk scores are inverted: zero now represents the lowest risk and 100 represents the highest risk. This allows for clearer, industry-standard assessments. For further

Key View

• On May 14 2024, the Australian government released its Federal Budget statements for 2024-25, which includes an AUD22.7bn outlay for the 'Future Made in Australia' package. This will support our expectation that Australia will be a key leader in the global push towards a low-carbon energy transition.
• We believe that the Federal Budget will

Key View: We hold a downbeat outlook for Angolan consumer spending over 2024. The impact of the kwanza sell-off in June 2023 has resulted in rising inflationary pressures, while an undiversified economy, elevated debt servicing costs and limited employment in formal sectors will weigh on overall spending over the year.

Consumer Spending Outlook For