Research & Analysis
Institutional-grade research on Nigerian equities, frontier markets, currencies and global macro.
Mobile money began as a convenient way to send and receive cash. Today, Africa’s largest telecom operators are moving into lending, savings, insurance and investment products. MTN’s interest in acquiring banking licences raises a bigger question: could the mobile network eventually become more important to African consumer finance than the traditional bank branch?
ET&A Research · 27 August 2026
Nvidia delivered another substantial earnings beat in its fiscal second quarter, with revenue more than doubling year-on-year as demand for AI infrastructure continued to accelerate. Strong Data Center growth, the ramp-up of Vera Rubin and an unusually bullish outlook suggest the AI investment cycle still has considerable room to run, although supply constraints, rising memory costs and China remain important risks.
ET&A Research · 27 August 2026
As AI chips become larger, faster and more memory-intensive, advanced packaging is emerging as a critical performance bottleneck, reshaping semiconductor design, supply chains and the investment opportunity across the industry.
ET&A Research · 25 August 2026
Africa has the labour force, natural resources and increasingly the capital required to build a larger manufacturing economy. But shortages of technicians, engineers, production managers and job-ready industrial workers are becoming a more important constraint on how quickly the continent can industrialise.
ET&A Research · 25 August 2026
A low price-to-earnings ratio does not automatically mean a stock is cheap, just as a high P/E ratio does not automatically mean it is expensive. The ratio only becomes useful when investors understand what the market is pricing into those earnings.
ET&A Research · 24 August 2026
BlackRock built its dominance by becoming the world’s largest asset manager. Its next phase, however, is increasingly focused on businesses that look very different from traditional fund management. Infrastructure, private credit, data and investment technology could gradually make BlackRock’s earnings less dependent on public markets and significantly change how investors value the company.
ET&A Research · 24 August 2026
Côte d’Ivoire is emerging as one of West Africa’s more compelling investment stories. Strong economic growth, rising foreign investment, better infrastructure and an expanding private sector are changing perceptions of the country. The harder question is whether that momentum can generate enough productive jobs, reduce inequality and survive future political transitions.
ET&A Research · 24 August 2026
Botswana built one of Africa’s strongest economic success stories on diamonds. But weakening demand, fiscal pressure and stubbornly high unemployment are exposing the limits of that model. The country now faces a more difficult challenge: building new engines of growth before its old one becomes less dependable.
ET&A Research · 19 August 2026
Money is often treated as a numbers problem, but many of the most important financial decisions are driven by psychology. Fear, confidence, social pressure and mental shortcuts can influence how people save, spend and invest often in ways that work against their own interests.
ET&A Research · 19 August 2026
