Articles

Key View

• The Port of Maputo in Mozambique is on track to strengthen its role as a pivotal logistics hub in Southern Africa, driven by the MPDC'S strategic investment of USD600mn to enhance terminal facilities by 2026. This initiative is part of a more expansive USD2bn investment plan aimed at broadening the port's capacity and infrastructure by 2058

Key View 

• We expect Ukraine to record current account deficits in 2024 (-6.5% of GDP) and 2025 (-5.7%).
• Our forecasts suggest deeper current account deficits relative to 2023 (-5.3%) due to changes in the structure of US aid which narrow the secondary income surplus. 
• Long-term concessional lending from international partners will continue to offset

Key View

• We have reduced our forecasts for Kuwait's real GDP growth from 1.0% to 0.7% for 2024 and from 4.5% to 2.7% for 2025 after the OPEC+ decision to extend production cuts and only gradually start bringing oil back to the market from September 2024 onwards. 
• Slower oil production growth will reduce Kuwait’s exports, given that oil accounts for

Key View

• We have revised up our forecast for the UAE’s 2024 current account surplus from 10.8% of GDP previously to 11.8% of GDP, despite the extension of OPEC+ supply cuts, as we become more upbeat about services exports.
• In 2025, we now expect larger surplus of 11.0% of GDP against 10.4% previously due to a more pronounced increase in hydrocarbon

Key View

• Among the immediate implications of the disruption of Red Sea trade flows in recent months, and subsequent reduction in Suez Canal traffic, is a weakening of revenues for the Canal and increased uncertainty around future revenue levels, thus creating a lasting challenge for plans to expand the Canal. 
• With the decrease in traffic in the Suez

The Latest: On June 4, 2024, Toyota and Mazda announced that they would temporarily suspend vehicle production and exports of certain models after the automakers admitted to irregularities in their Japanese safety tests, Japan's Ministry of Land, Infrastructure, Transport and Tourism states that the investigation identified six models affected by

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

Latest Development: On June 2, as widely expected, the governing MORENA party’s Claudia Sheinbaum was the comfortable victor of Mexico’s presidential elections, and as a result will become Mexico’s first female president on October 1. Preliminary polling – the official count does not begin until June 5 – indicates that Sheinbaum won at least 58.0%

Key View

• TotalEnergies' FID on the Kaminho Project reaffirms Angola's appeal as an attractive destination for upstream investment.
• The long-term outlook remains dour due to the natural decline at existing fields and the limited exploration success necessary to drive the next wave of offshore developments.
• Additional greenfield oil developments are