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North Africa Economic Outlook 2021: Growth expected to recover to pre-pandemic levels on rebound in oil, vaccines and trade

November 5, 2021--Real gross domestic product growth in North Africa was largely negative in 2020, at -1.1% with a -5.1 percentage point drop over 2019, the African Development Bank's 2021 edition of the North Africa Economic Outlook reports.

Released on November 3, the report finds that in 2020, North African economies experienced three shocks: the Covid-19 pandemic, a collapse in oil prices and a steep drop in tourism. Growth was also cut short due, in part, to sharp contractions in the region's main trading partners. This output loss was found to be less severe than projected on account of prompt interventions by governments to mitigate the impacts of the pandemic.

Egypt managed to achieve positive growth (+3.6%), one of the few countries in the world to do so in 2020. On the other hand, Libya's economy contracted by -60.3%, Tunisia’s by -8.8%, Morocco’s by -7.1%, Algeria’s by -4.6%, and Mauritania's by 3.6%.

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Source: African Development Bank


Are foreign investors buying on Nairobi Securities Exchange?

November 3, 2021--Trading by foreign investors was picking up at Kenya's Nairobi Securities Exchange last month, just as the NSE20 index of blue chip prices retreated. A report by stockbroker AIB-AXYS Africa forecasts a strong last quarter: "Banking, manufacturing stocks and the NSE's sole listed telco Safaricom are tipped to lead in market performance in the last quarter of the year as the effects of the easing of curfew restrictions filter through into the economy".

During the first 3 weeks of October, foreign participation in the NSE trading was 64% of the total trading, up from 48.5% in August and 49.9% in September. The average was 64.7% in 2020.

In terms of value traded on the NSE, the Statistical Bulletin Q3 2021 from the regulator Capital Markets Authority (CMA) shows equities turnover in the quarter to September was KES 31.4bn ($282m), down 17% from KES 38bn in Q2.

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Source: africancapitalmarketsnews.com


Nigeria: With Digital Currency, Nigeria's GDP Projected to Rise By $29bn in 10 Years-Buhari

October 26, 2021-- President Muhammadu Buhari on Monday declared that with the introduction of digital currency by the Central Bank of Nigeria (CBN) the nation's Gross Domestic Product (GDP) is projected to rise by $29 billion in the next 10 years.

He also stressed for emphasis that Nigeria was the first country in Africa and one of the first in the world to introduce digital currency to her citizens.

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Source: allafrica.com


Africa: China's Reach Into Africa's Digital Sector Worries Experts

October 22, 2021--Chinese companies like Huawei and the Transsion group are responsible for much of the digital infrastructure and smartphones used in Africa. Chinese phones built in Africa come with already installed apps for mobile money transfer services that increase the reach of Chinese tech companies.

But while many Africans may find the availability of such technology useful, the trend worries some experts on data management.

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Source: allafrica.com


Africa's mobile economy in numbers

October 22, 2021--Here are some estimates of the growth potential of the mobile economy in sub-Saharan Africa, according to industry association GSMA. The GSMA report The Mobile Economy Sub-Saharan Africa was published Sept 2021 with figures up to December 2020.
By end of 2020, 495m people were subscribed to mobile services in Sub-Saharan Africa, 46% of the population and up 20% on 2019.
Primary source of growth in new users is young people owning a mobile phone for the first time, as 40% of population are under 15 years old.

It is estimated there will be 120m new subscribers by 2025 to 615m (share of population 50%). This is 4.4% compound annual growth rate (CAGR) over 2020-2025. Out of the new subscribers, 22m will be in Nigeria and 15m will be in Ethiopia.
SIM Connections will rise from 930m in 2020 to 1.12bn by 2025, which is CAGR 4.8%
Mobile internet: In 2020, 303m were connected to mobile internet (28% of the population), and the estimate is there will be 170m more by 2025 (40% of the population) to 474m, CAGR 9.3%.
Mobile technologies and services generated over $130bn (8% of GDP) and this will be $155bn by 2025.
Transactions on mobile money platforms were $490bn end 2020.

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Source: africancapitalmarketsnews.com


Nigerian Stocks Climb By N237 Billion As Big-Cap Stocks Strengthen Gains

October 22, 2021--The all-share index jumped 454.40 points to 41,704.11, while market capitalisation rose to N21.8 trillion at the end of trade.

Nigerian stocks advanced by 1.1 per cent or N237.1 billion on Thursday as investors continued to take a risk-off stance in equities, helping to build a positive atmosphere around the market as the earnings season shapes up gradually.

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Source: allafrica.com


Nigeria retains third most attractive investment destination in Africa

October 14, 2021--Nigeria has retained its spot as the third most attractive country in Africa for foreign investment in 2021 according to the Absa Africa Financial Markets Index 2021 report.
23 African countries were surveyed in the report which used six pillars to rank their openness and attractiveness to foreign investment with South Africa and Mauritius coming first and second respectively.

The report also noted that "South Africa, Mauritius and Nigeria maintain their lead in the index, despite having lower overall scores than last year's."

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Source: punchng.com


Nigeria: EconomyInvestment Experts Weigh CBN's 2.86% Forecast

October 6, 2021--Investment analysts have said that the Central Bank of Nigeria's (CBN) projection of economic growth at 2.86 percent for 2021 is credible only to the extent that the expansion recorded in the second quarter of the year (Q2, 2021) was driven by the base effect in 2020.

They stated that the country might record a higher growth beginning first quarter 2022 following a pick-up in fiscal spending ahead of the general election.

The CBN had effected a downward review of the economic growth forecast to 2.86 percent for 2021 from 3.15 percent earlier projected despite the expansion in the economy in the second quarter of the year. The National Bureau of Statistics (NBS) had pegged Q2'21 GDP growth at 5.01 percent.

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Source: allafrica.com


Africa's Pulse Volume 24-October 2021-Climate Change Adaptation and Economic Transformation in Sub-Saharan Africa

October 5, 2021--Africa's Pulse is a biannual analysis of the near-term macroeconomic outlook for the region, published around the World Bank/IMF Spring and Annual meetings each April and October. Each issue also includes a special focus on a particular development challenge that is shaping Africa's economic future.

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view the Africa's Pulse, No. 24, October 2021 : An Analysis of Issues Shaping Africa's Economic Future

Source: World Bank


Africa: Is the Resource Curse Hard-Baked Into African Economies? China's Approach Hints That It May Not Be

October 4, 2021--Countries with abundant natural resources- gold, diamonds, crude oil- often fail to transform that advantage into favourable development outcomes. This is known as the natural resource curse. Countries like Nigeria, Angola and the Democratic Republic of Congo are often cited as examples.

Several explanations have been offered for the resource course. These include the lack of government accountability usually associated with large windfalls from natural resources relative to other sources of tax revenues. Others are an increase in the local currency against major currencies such as the US dollar, which makes it difficult for other sectors of the economy to compete globally. This is referred to as the Dutch Disease, named after the economic crisis that hit the Netherlands in the mid-1970s after the discovery of oil in the North Sea.

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Source: allafrica.com


Americas


June 30, 2025 Allspring Exchange-Traded Funds Trust files with the SEC
June 30, 2025 Northern Lights Fund Trust files with the SEC-Toews Agility Shares Hedged Equal Weight ETF and Toews Agility Shares Hedged-Qs ETF
June 30, 2025 Lazard Active ETF Trust files with the SEC-Lazard US Systematic Small Cap Equity ETF
June 30, 2025 WisdomTree Trust files with the SEC-WisdomTree Japan Opportunities Fund
June 30, 2025 J.P. Morgan Exchange-Traded Fund Trust files with the SEC-JPMorgan 100% U.S. Treasury Securities Money Market ETF

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Europe ETF News


June 16, 2025 ESMA's activities in 2024 focused on strengthening the EU capital markets and putting citizens and businesses at the heart of it
June 12, 2025 Janus Henderson launches active fixed income ETF
June 12, 2025 ifo Institute Raises Growth Forecast for Germany
June 10, 2025 ESMA publishes latest edition of its newsletter
June 06, 2025 Active ETF fever grips selectors-is the end in sight for mutual funds?

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Asia ETF News


June 25, 2025 QFIIs Gain Access to Onshore ETF Options As A-share Market Opening Deepens
June 18, 2025 Mirae Asset Global Investments Launches MIRAE ASSET TIGER CHINA GLOBAL LEADERS TOP3 PLUS ETF, Tracking Solactive-KEDI China Global Leaders TOP3Plus Index
June 13, 2025 Post-Adjustment ChiNext Index Attracts Global Assets with Low Valuation and High Growth Potential
June 13, 2025 Unlocking Consumption to Sustain Growth in China -World Bank Economic Update
June 13, 2025 US trading firm Virtu weighs foray into China market-making business

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Global ETP News


June 14, 2025 Global Economic Prospects-Global Economy Faces Trade-Related Headwinds
June 12, 2025 Disclosing Public Debt Boosts Investor Confidence, Cuts Borrowing Costs 
June 10, 2025 Global Economy Set for Weakest Run Since 2008 Outside of Recessions
June 03, 2025 Trade Reckoning

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Middle East ETP News


June 19, 2025 GCC: Growth on the Rise, but Smart Spending Will Shape a Thriving Future
June 16, 2025 Saudi Exchange leads market losses across the GCC

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ESG and Of Interest News


June 18, 2025 Global Energy Transition Gains Ground, but Security and Capital Challenges Persist
June 17, 2025 Pacific Economic Update: Slowing Growth Highlights Need for More Inclusive Workforce
June 10, 2025 Global Carbon Pricing Mobilizes Over $100 Billion for Public Budgets
June 07, 2025 Accelerating Blue Finance: Instruments, Case Studies, and Pathways to Scale
June 03, 2025 The Longevity Dividend

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White Papers


May 30, 2025 IMF Working Paper-Interest Rate Sensitivity Scenarios to Guide Monetary Policy

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