Overview

We analyse macroeconomics, markets and politics in emerging markets, with an emphasis on Africa, Central and Eastern Europe, and China. Our market coverage includes Commodities, Fixed Income and Equities, and is underpinned by our G10 analysis.

we offer

Commodities Strategy

Commodity strategy covers precious metals, base metals, energy and bulk commodities. The team's analysis is supported by ICBC Standard Bank’s substantial participation in the physical commodity markets and includes a top-down and bottom-up analytical study. Our analysts routinely express ideas on short-term tactical positioning and long-term strategic views.

Fixed Income and Currencies (FIC) strategy

This Strategy team is responsible for analysing sovereign debt markets, corporate credit issuers and currencies in Sub-Saharan Africa as well as Central and Eastern Europe. Their close proximity to the local markets and policy-makers contributes to our solid and in-depth analysis.

Our FIC Strategy covers across Africa and includes:

  • Angola
  • Botswana
  • Côte I’voire
  • DRC
  • Egypt
  • Ethiopia
  • Gabon
  • Ghana
  • Kenya
  • Lesotho
  • Malawi
  • Mauritius
  • Morocco
  • Mozambique
  • Namibia
  • Nigeria
  • Republic of Congo
  • Rwanda
  • Senegal
  • South Africa
  • Tanzania
  • Tunisia
  • Uganda
  • Zambia

In Central and Eastern Europe our analysis includes:

  • Armenia
  • Bosnia
  • Belarus
  • Bulgaria
  • Croatia
  • Czech Republic
  • Georgia
  • Herzegovina
  • Hungary
  • Kazakhstan
  • Latvia
  • Lithuania
  • Montenegro
  • Poland
  • Russia
  • Romania
  • Serbia
  • Slovenia
  • Turkey
  • Ukraine

Company and industry research

Our Equity Research team focuses on the fundamental analysis of sector and stock investment opportunities, with an emphasis on Sub-Saharan Africa. We are located in Johannesburg, Lagos, London and Nairobi; more than 30 analysts cover approximately 160 firms which make up over 85% of the region’s market capitalisation and value traded. The equity team works closely with our other research clusters to harness market and macro insights.

Talk to Us

  • We strive to be Emerging Markets thought leaders in fixed-income, equity and commodities investing in Africa and Central and Eastern Europe.
  • Our analysts, economists and strategists have established this reputation through timely, in-depth analysis of companies, industries, markets in the world’s emerging economies.
  • Our team collaborates to assist clients with investment decisions, using cash and other financial instruments across major asset classes and geographies.