Africa ETP News

East Africa's regional 20 share index

June 24, 2025-The National Securities Exchange of Somalia (NSES) is joining the Somali Stock Exchange as a member of the East African Securities Exchanges Association (EASEA), which brings together the exchanges of Kenya, Rwanda, Somalia, Tanzania, Uganda and Ethiopia, as well as Burundi when that exchange will be launched.

view more

African Credit Rating Agency to Launch September 2025

June 16, 2025--The African Credit Rating Agency (AfCRA), a new privately owned credit rating body, is set to begin operations by September 2025
The agency is backed by private sector stakeholders across Africa, not governments, to ensure independence and credibility

view more

African Economic Outlook 2025-Africa's short-term outlook resilient despite global economic and political headwinds

May 27, 2025--With the right policies, Africa has the potential to mobilize an additional $1.43 trillion in domestic resources from both tax and non-tax revenue sources, and curbing leakages.
Africa's economy is projected to increase from 3.3 percent growth in 2024 to 3.9 percent in 2025, reaching 4 percent in 2026, despite mounting geopolitical uncertainties and trade tensions, the African Development Bank Group said Tuesday in its flagship 2025 African Economic Outlook report. .

view more

IMF Staff Country Report-West African Economic and Monetary Union: Staff Report on Common Policies for Member Countries

May 19, 2025--Summary
Economic growth continues to be strong in the WAEMU, while inflation has fallen back to its target range. An appropriately tight monetary policy, along with progress in reducing external imbalances, is supporting a strong recovery in reserves back above the lower end of the adequacy range. However, there is significant divergence among WAEMU member states in macroeconomic performance, policies, and resilience.

view more

Building Momentum for Inclusive Growth

May 12, 2025--Nigeria's macroeconomic situation is improving as a result of sustained reforms according to the latest edition of the Nigeria Development Update (NDU) report released today.
The report, titled "Building Momentum for Inclusive Growth," shows that economic growth in the last quarter of 2024 increased to 4.6% (year-on-year), pushing growth for the full year 2024 to 3.4%, the highest since 2014 (excluding the 2021-2022 COVID-19 rebound).

view more

Economic Growth is Speeding Up in Africa, but Uncertainty Clouds Outlook

April 23, 2025--Economic growth in Sub-Saharan Africa is showing some resilience despite uncertainty in the global economy and restricted fiscal space. Regional growth is expected to reach 3.5% in 2025 and further accelerate to 4.3% in 2026-2027. This growth is mainly due to increased private consumption and investments as inflation cools down and currencies stabilize.

view more

Africa's Opportunity in a Fragmenting Global Economy

April 9, 2025--The global trade landscape is shifting dramatically. With the U.S. imposing new tariffs on key imports with countries already planning retaliation, the world is edging deeper into a long-term trade war. This is not just a bilateral dispute. It signals the acceleration of a broader move away from open globalisation toward protectionism and economic nationalism.

view more

Nigeria: Investors Lose N91bn As Nigerian Exchange Opens Bearish

April 3, 2025-"What we witnessed today was an alignment of portfolios by dividend-seeking investors."

The stock market on Wednesday opened the week bearish as performance indices declined by 0.14 per cent.

view more

Africa's Debt Crisis Under-Reported-AFRODAD

March 30, 2025-AFRICAN Forum and Network on Debt and Development (AFRODAD) Executive Director Jason Braganza has expressed concern over how challenges arising from debt servicing to international monetary facilities by African countries are going unreported due to lack of information and statistics among other challenges.

view more

Africa's Digital Payments Economy to Reach $1.5trn By 2030-Report

March 27, 2025-A recent Mastercard-commissioned report by Genesis Analytics has stated that the digital payments economy in Africa would continue to grow, with a projection that is expected to reach $1.5 trillion by 2030.

view more

Bitcoin Price Trends and the Future of Digital Transactions in Africa

March 24, 2025--There's an increasing acceptance of Bitcoin on the African continent. More businesses, individuals and even financial organizations are using cryptocurrency to transact as an alternative to traditional banking systems.
With the economies of the continent experiencing a lot of currency instability, poor banking infrastructure and exorbitantly priced remittances, Bitcoin is coming up as a viable solution financially.

view more

IMF-Boosting Growth and Prosperity in South Africa

March 10, 2025-Summary
Improving the business environment, strengthening governance, and reforming the labor market are among the keys to economic success
South Africa is well-positioned to confront significant longstanding challenges that have been holding the economy back: declining real per-capital income, persistent unemployment, pervasive poverty, and one of the highest inequality rates in the world.

view more

How Africa could help diversify the booming global semiconductor industry

March 6, 2025-- Demand for semiconductors is booming amid growth in emerging technologies such as artificial intelligence.
Countries and regions including the US and EU want to diversify semiconductor supply chains; Africa offers many benefits for semiconductor manufacturing.
With the right policies and increased investment, African countries could play a key role in the future diversification of the semiconductor industry.

view more

OECD-Africa's Urbanisation Dynamics 2025

March 6, 2025--Planning for Urban Expansion
Abstract Africa's Urbanisation Dynamics 2025 provides the most comprehensive view of projected urbanisation dynamics to date, with detailed insights into urban population growth and spatial expansion in over 11 000 urban agglomerations across Africa's 54 countries.

view more

Nigeria: 2025 Budget Prioritises Investment in Critical Sectors, Economic Devt-Govt

March 4, 2025--March 4, 2025--The Federal government says the 2025 budget, recently signed into law by President Tinubu, is a strategic roadmap for economic resilience, social stability, and national progress.

view more

New World Bank Report Highlights Four Pathways to Spur Job Creation and Inclusive Growth in South Africa

February 28, 2025--A new World Bank report titled "Driving Inclusive Growth in South Africa: Quick Wins with Competitive Markets and Efficient Institutions" asserts that a robust economic recovery, shared across all sectors of society, can be achieved in the immediate future by implementing a series of policy actions in four priority areas: infrastructure services, greater private sector participation, creating cities as engines of growth, and efficient public spending.

view more

Digital public infrastructure (DPI) will drive AI for Africa's economic transformation

February 11, 2025-Recent developments within Africa's digital ecosystem will help drive Africa's economic transformation, but key policy frameworks and infrastructure are needed for most countries to benefit fully.
The AU Data Policy Framework was adopted in 2022, followed by the passage of national-level data protection policies and strategies in about 40 African countries.

view more

Nigeria: Investments in Mutual Funds Rise 80.8 Percent to N4.1trn

February 4, 2025--The appetite of Nigerian investors for Mutual Funds has surged with its total asset under management increasing by 80.8% Year on Year, YoY, to N4.1 trillion on January 24, 2025 from N2.3 trillion in the corresponding period 2024.

view more

Zimbabwe: Deepseek Will Hardly Dent 'Magnificent Seven' Stocks

February 3, 2025--DeepSeek's emergence roiled markets earlier last week, but investors see limited scope for the Chinese artificial intelligence startup to dent the performance of the Magnificent Seven, the latest Bloomberg Markets Live Pulse survey showed.
The decision follows ongoing liquidity challenges in several frontier markets, which have been exacerbated by delays in the repatriation of funds in dollars.

view more

South African growth outlook has improved but inflation risks abound, central bank says at Davos

January 21, 2025--Growth in Africa's most industrialised economy could be close to 2% in 2025, versus the 1.1% growth projected for 2024
South Africa's economic outlook is better this year than last, but the inflation picture is more muddied as risks abound, its central bank governor said on Tuesday.

view more

JSE plunges to lowest level in four months

January 14, 2025-- Industrial stocks recorded the biggest losses.
It was a sea of red on the JSE on Monday, with the bourse closing 1.7% down, at 82 046 points- its lowest level since mid-September.

view more

Newly licensed Ethiopian Securities Exchange unveils trading floor

December 13, 2024--The Ethiopian Securities Exchange has today (Friday 13 December) announced that it will officially launch in mid-January 2025. CEO Tilahun Esmael Kassahun and top colleagues held a press conference on a smart new ESX trading floor.

view more

West Africa: Nigeria's Investment Appetite Grows, Mutual Funds Up 89.5 Percent to N3.8trn

November 19, 2024--Nigerians' appetite for secured investment has pushed the Net Asset Value (NAV) of Mutual Funds to N3.781 trillion in the first week of this month, up 89.5 % from N1.995 trillion in the corresponding period 2023.
Analysts partly attributed the surge in the Funds to the impact of steady mark up in monetary policy rate, naira devaluation among other factors.

view more

Africa Topples Asia, Europe, Us As Africa's Preferred Trade Market

November 18, 2024--African businesses increasingly prefer to trade across the continent's borders over out-of-the-continent markets like Asia, the US, and Europe, due to a rising quality of made-in-Africa goods, lower market prices, and accessibility.

view more

Nigeria: Stock Market Returns Bearish As Investors Lose N1.3 Trn in 5 Days

November 4, 2024--The Nigerian stock market ended last week ended on a bearish note, as both the Nigerian Exchange, NGX All Share Index, ASI and market capitalisation fell to 97,432.02 points, and market N59.038 trillion, down from the previous week's close of 99, 448. 91 points and N59. 432 trillion respectively.

view more

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.

view more

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.

view more

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.

view more

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.

view more

Gender Parity Will Unlock $287bn for Africa's Economy By 2030-Report

September 19, 2024--Tackling systemic barriers towards the participation of young women in Africa's workforce will drive an estimated $287 billion to its economy by 2030, boosting GDP by 5 per cent, according to a new report commissioned by the Mastercard Foundation.

view more

Africa: Climate-ECA Reveals Africa Loses Up to 5 Percent of GDP

September 4, 2024--The United Nations Economic Commission for Africa (ECA), the World Meteorological Organization (WMO) and the African Union Commission, jointly announced the continent Africa needs urgent and increased investment in climate adaptation and resilience.

view more

Uganda joins African exchanges link

August 27, 2024--The Uganda Securities Exchange (USE) has become the tenth African securities exchange to join the African Exchanges Linkage Project (AELP). The linkage platform enables stockbrokers on participating exchanges to send orders on behalf of their clients to stockbrokers on other exchanges, who will buy and sell shares on those exchanges.
Ten 10 stock exchanges representing 17 countries are participating, including Uganda.

view more

Economic reforms are tempting finance back to Ethiopia and Zambia

August 15, 2024--Pockets of the African continent have found ways of giving new confidence to investors and the World Bank and IMF
As the west has diverted aid to Ukraine and Gaza, Africa faces neglect. A few countries on the continent have panicked and turned to Russia, while the prudent are embracing economic reforms to attract foreign direct investment.

view more

Africa: Carbon Trading-an Opportunity for Economic Development

August 13, 2024-Africa's carbon market offers a powerful means to address climate change and uplift communities. The tangible benefits seen in the projects in across Africa highlight the potential of carbon credits, both environmentally and socio-economically.

view more

African Economic Expansion Need Not Threaten Global Carbon Targets-Study Points Out the Path to Green Growth

August 12, 2024--Africa contributes only about 4% of the world's greenhouse gas emissions. The continent consumes the least energy for each person, compared with other regions of the world.
With over 560 million people who don't have access to electricity, Africa has the lowest rate of energy access in the world.

view more

Two-pot retirement system explained

July 23, 2024--South Africans will soon be able to access a portion of their retirement savings when the two-pot retirement system is implemented later this year.
What is the two-pot retirement system?
The two-pot retirement system will allow South Africans to access a portion of their retirement savings for emergencies.

view more

Kenya Ranked Sixth Crypto-Friendly Country in Africa

July 3, 2024-- Kenya has been ranked the sixth-most crypto-friendly country in Africa, with 5.1 percent of the population holding crypto.
According to a report released by Crypto Casinos, Kenya was further ranked 46th out of the 50 leading crypto-friendly countries internationally, with a score of 56.08 percent.

view more

Reducing Malaria Could Boost Africa's Economy By $126.9 Billion-Report

July 3, 2024-- The report noted that Nigeria's economy could gain $35 billion and international trade $80.7 billion by 2030.
A new report by Malaria No More UK has revealed that achieving the World Health Organisation's (WHO) target of reducing malaria by 90 per cent by 2030 could add $126.9 billion to Africa's Gross Domestic Product (GDP).

view more

Extreme Weather in South Africa Is Disrupting Tourism-Research Tracks the Impact On Coastal Areas

July 8, 2024-- South Africa has experienced some extreme weather events in recent months. These have included floods and an uncommon tornado in South Africa's KwaZulu-Natal province, floods in the Eastern Cape and mid-latitude cyclones in the Western Cape. Kaitano Dube, a human geographer who has researched tourism, extreme weather and resilience to climatic threat,, says these severe storms are set to disrupt tourism.

view more

Nigeria: Investors Gain N15.6trn in H1'24 Amid Monetary Policy Tightening

July 2, 2024--Despite the lull in economy and other challenges, investors on the Nigerian Exchange Limited, NGX gained over N15.6 trillion in the first half of the year, H1'24, a situation attributed to the forex market reforms introduced by the Central Bank of Nigeria, CBN.

view more