Africa ETF News for the Past Year
AI and the Future of Work in Africa-White Paper
June 23, 2024--Generative AI presents a powerful tool for shaping a dignified future of work in Africa. By proactively addressing the challenges and harnessing the opportunities, Africa can leverage AI to drive economic growth, empower its workforce, and become a leader in socially responsible AI development.
Global Foreign Investment Declines for Second Year As Geopolitical Tensions Rise, UN Trade Body Reports
June 20, 2024--Foreign direct investment (FDI) fell by two per cent to $1.3 trillion in 2023 amid global economic slowdown and rising geopolitical tensions, according to a report released on Thursday by the UN trade and development body, UNCTAD.
Kenya: Blackrock Liquidates Em Fund With Equities in Kenya, Nigeria
June 19, 2024--American asset manager BlackRock has announced the liquidation of its emerging market (EM) funds in Kenya and Nigeria.
The decision follows ongoing liquidity challenges in several frontier markets, which have been exacerbated by delays in the repatriation of funds in dollars.
Nigeria: Stock Investors Gain N619bn in May Despite Rates Hike
June 3, 2024--Analysts expect bearish outlook in June
The equities market defied the persistent hike in interest rate by the Central Bank of Nigeria, CBN, at the end of trading in May with investors recording a marginal gain of N619 billion.
Fast progress at Ethiopian Securities Exchange
May 17, 2024--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor is publishing today the Statistics on Securities and Markets (ESSM) Report, with the objective of increasing access to data of public interest.
Nigeria: Domestic Investors Stake N1.335trn in Equities in Q1
April 25, 2024--Total transactions by domestic portfolio investors in the stock market rose by 86.23 per cent as they invested a total value of N1.335 trillion in the first quarter (Q1) of 2024.
Nigeria: Foreign Investment in Stock Market Rises 168 Percent to N118.92bn
April 23, 2024--Foreign portfolio investment, FPI, into the stock market rose by 167.8 percent, Year-on-Year (YoY), to N118.92 billion in February 2024 from N44.52 billion in the corresponding period in 2023 buoyed by improved liquidity in the foreign exchange (FX) market following reforms by the Central Bank of Nigeria, CBN.
Nigeria: Equities Market Posts Biggest Loss in April As Investors Lose N1.1trn
March 17, 2024--The Nigerian Exchange (NGX) market capitalisation recorded the biggest loss in the month of April with investors losing N1.1trn.
African Economies Projected to Grow by 3.4 % in 2024, But Faster and More Equitable Growth Needed to Reduce Poverty
April 8, 2024--Increased private consumption and declining inflation are supporting an economic rebound in Sub-Saharan Africa. However, the recovery remains fragile due to uncertain global economic conditions, growing debt service obligations, frequent natural disasters, and escalating conflict and violence, according to the World Bank's latest Africa's Pulse report.
Nigeria banks: Likely winners and losers from the central bank's new capital rules
April 8, 2024-- Excluding retained earnings from the new capital threshold puts Nigerian bank shareholders at the sharp end.