Africa ETP News
you are currently viewing::West Africa: Nigeria's Investment Appetite Grows, Mutual Funds Up 89.5 Percent to N3.8trnNovember 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.
Data released by the Securities and Exchange Commission, SEC, showed that the Fixed Income Funds contributed significantly to boost the Funds as it accounted for 47.76% of the total NAV. It was followed by Money Market Funds recording N1.524 trillion in the period under review and accounted for 40.31% of the total NAV. Source: allafrica.com |
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.
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.