Research & Analysis
Institutional-grade research on Nigerian equities, frontier markets, currencies and global macro.
Nigeria’s telecom sector combines a large and still-expanding subscriber base with accelerating data consumption, improving pricing economics and growing fintech ambitions. Yet the opportunity remains inseparable from heavy capital expenditure, currency exposure, regulation and the challenge of serving a price-sensitive population.
ET&A Research · 10 August 2026
Ethiopian Airlines’ success is not simply the result of operating aircraft. It reflects a long-term operating system built around internal capability, network scale, disciplined reinvestment and institutional continuity. Its experience offers lessons for African companies seeking to build durable businesses rather than merely achieve short periods of growth.
ET&A Research · 6 August 2026
Nike’s difficulties began with flawed distribution, product and organisational decisions. However, the longer the recovery takes, the greater the risk that a temporary execution problem becomes a lasting loss of cultural relevance.
ET&A Research · 6 August 2026
Nvidia’s exceptional profitability reflects more than a shortage of powerful chips. Its advantage combines leading hardware, networking, software and an ecosystem that allows customers to deploy AI infrastructure quickly. However, competition, custom silicon and the growing bargaining power of its largest customers could gradually make today’s margins more difficult to sustain.
ET&A Research · 6 August 2026
Morocco has transformed itself from a relatively small vehicle assembler into one of the world’s most competitive export-oriented automotive hubs. Its success reflects more than low labour costs: it is the result of coordinated industrial policy, world-class logistics, trade access, workforce development and a deliberate effort to build complete manufacturing ecosystems.
ET&A Research · 6 August 2026
Ghana has moved from sovereign default and currency instability to stronger growth, lower inflation and improving fiscal balances. Yet the crisis has permanently changed how investors should assess the country: opportunity remains, but credibility, currency exposure and cash-flow resilience now matter far more than the headline growth rate.
ET&A Research · 6 August 2026
Asset managers earn attractive recurring fees by overseeing client capital, but their profits can be disrupted by falling markets, investor withdrawals, fee pressure, poor performance and changing technology.
ET&A Research · 5 August 2026
You do not need to predict the future or discover an unknown company to become a successful investor. Often, the best investment ideas begin by paying closer attention to the businesses, products and services already shaping everyday life.
ET&A Research · 5 August 2026
Mining shares are often treated as a leveraged way to invest in commodities. Yet the relationship is more complex than it first appears: higher commodity prices can transform a miner’s earnings, but costs, debt, operational performance and market expectations ultimately determine how much value reaches shareholders.
ET&A Research · 5 August 2026
