Africa ETP News
you are currently viewing::Nairobi Securities Exchange Plans East Africa's First AI ETF- But Its CEO Is Watching for a BubbleAugust 5, 2026--The Nairobi Securities Exchange is building East Africa's first exchange traded fund focused on AI stocks, with plans to offer it to investors before year-end- though its chief executive says the launch could be delayed if the global AI rally starts to look overdone. "We want essentially to be able to bring a product to our market where the underlying basket is a reflection of companies that have a direct exposure to AI," NSE chief executive Frank Mwiti said. Microsoft, Anthropic and OpenAI could serve as references for the fund, he added. The exchange is discussing the proposal with Kenya's market regulator. Source: iAFRICA |
West Africa growth projected at 4.6% in 2026, remains resilient-AfDB Regional Economic Outlook Report
August 10, 2026---Câte d'Ivoire remains largest economy in the West African Economic and Monetary Union (WAEMU), expected to grow by 6.5% in 2025
West Africa demonstrated economic resilience in 2025, recording growth of 4.8%, above the continental average of 4.4%, amid geopolitical tensions, insecurity in parts of the region, increasing fragmentation of the global economy and heightened volatility in international financial markets.
Africa: 'Nigeria's Fintech Ecosystem Has Become One of Africa's Largest'
August 10, 2026---Chairman of the House Committee on Insurance and Actuarial Matters, Ahamadu Usman Jaha, has said Nigeria's fintech ecosystem has become one of the largest in Africa, noting that the country's growing payment ecosystem continues to attract significant investment.
Africa: Zimbabwe Overtakes Nigeria As Africa's Best-Performing Stock Market
August 6, 2026--Zimbabwe ended last month as Africa's best-performing equity market, overtaking Nigeria, the continent's most populous nation, after months of sustained gains driven by easing inflation, a more stable domestic currency, and renewed investor appetite for local equities.
