Africa ETP News
you are currently viewing::Nigeria: Investors Lose N91bn As Nigerian Exchange Opens BearishApril 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. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation fell by N91 billion, or 0.14 per cent, to N66.166 trillion from N66.257 trillion recorded on Friday. The All-share Index also dropped by 0.14 per cent or 144.65 points to close at 105,515.99, down from 105,660.64 posted on Friday. Source: allafrica.com |
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.