EBC Financial Group says reliance on local investors may encourage banks to favour government securities and larger borrowers with stronger collateral.
EBC Financial Group says notes that unapproved Dangote share-offer halt by Nigerian government shows conduct controls must keep pace with T+1 settlement.
EBC Financial Group says Nigeria's power reform enters an accountability phase, with tariffs and renewable rules judged by reliable supply and diesel cost cuts.
EBC Financial Group says Kenya's reserves remain adequate, but deficits, higher food imports and weaker Saudi remittances show why markets look beyond reserves.