Top 10 African Countries with Most Transparent Financial Markets Revealed
The Absa Africa Financial Markets Index reports on the top 10 African countries with the most transparent financial markets, highlighting key drivers and improvements in 2024.
Markets
UAE Overtakes Kenya as Uganda's Top Export Market
UAE becomes Uganda's largest export market, relegating Kenya to third position, with gold exports driving growth
Kenya's Deadly Protests Take Toll on Nairobi Securities Exchange
Nairobi Securities Exchange suffers Sh34 billion loss in paper wealth due to deadly protests in Kenya, market capitalization falls by 2.01%.
Kenya's Deadly Protests Take Toll on Nairobi Securities Exchange
Nairobi Securities Exchange suffers Sh34 billion loss in paper wealth due to deadly protests in Kenya, market capitalization falls by 2.01%.
African Currencies: Nigeria's Naira and Malawi's Kwacha Experience Steep Depreciation Against US Dollar
African currencies face challenges, with Nigeria's Naira and Malawi's Kwacha experiencing significant depreciation against the US dollar in 2024, highlighting economic pressures and the need for sound fiscal and monetary policies.
African Economies Heavily Dependent on Mining Exports, Leaving Them Vulnerable to Economic Instability
New report reveals 24 African countries generate over 75% of foreign earnings from limited mineral exports, exposing them to market volatility and resource dependency risks
Ghana Leads African Stock Markets with 56% Surge in 2024, Highest Since 2013
Ghana's stock market outperforms others in Africa, driven by IMF bailout and economic growth, with Nigeria and Ivory Coast also showing significant gains.
IMF Projects 10 African Countries to Have Lowest Current Account Balances in 2025
The International Monetary Fund (IMF) has released a report projecting the top 10 African countries with the lowest current account balances in 2025, with Mozambique ranking first.
South Africa Extends Deadline for Feedback on Proposed Alcohol Tax Hike
South Africa's treasury department extends deadline for public input on proposed excise tax increase on alcohol products to February 14, 2025, amid concerns over rising alcohol-related crimes.