Africa ETF News for the Past Year
South Africa projects wider deficits and rising debt despite improved growth
October 31, 2024--South Africa's government forecasted higher budget deficits and debt for the next three years, even as improved electricity supply suggests better growth prospects. In its first budget review since forming a coalition,the National Treasury projected a 5.0% deficit of national output for the fiscal year ending in March 2025, up from the 4.5% previously forecast.
Options derivatives trading coming to Nairobi Securities Exchange
October 31, 2024--A big step forward for Kenya’s derivatives market NEXT, a part of the Nairobi Securities Exchange (NSE), as it moves to introduce options derivatives trading. These will be options on the existing NEXT securities, which are futures contracts for single stocks and indices offered by the NSE.
The Capital Markets Authority Kenya has approved the development.
Uganda Joins BRICS As Partner Nation, Paving the Way for Increased Trade and Investment
October 24, 2024--Uganda has officially joined BRICS (Brazil, Russia, India, China, and South Africa) as one of 13 new partner nations in a move set to reshape its international trade and investment prospects.
By aligning with the BRICS alliance, Uganda is positioning itself to benefit from deeper economic ties with some of the world's largest emerging markets.
BRICS: African leaders call for reforms of international institutions
October 23, 2024--African leaders attending the summit of BRICS nations currently underway in Russia, spoke out on Wednesday about what they see as important issues on the international stage.
