Emerging markets are experiencing their strongest rally in more than 15 years, with a weakened US Dollar, easing inflation, and higher interest rates in developing economies driving significant returns. This surge presents a potential turning point for African economies, offering relief from past financial constraints.

• The MSCI Emerging Markets Index has surged 28% year-to-date, outperforming developed markets.
• Ian Simmons, senior portfolio manager at Fiera Capital, stated that a weaker US Dollar is crucial for developing economies.
• African economies like Kenya, Ghana, Nigeria, and Egypt, which have struggled with tight external financing, stand to benefit from reduced debt servicing costs and improved access to portfolio inflows.