Africa ETP News
you are currently viewing::Nigeria: Stock Investors Gain N619bn in May Despite Rates HikeJune 3, 2024--Analysts expect bearish outlook in June
This is a sharp contrast from the previous month when the market declined by 6.16 percent after losing more than N3.5 trillion in value following a 200 basis points increase in the monetary policy rate, MPR, to 24.75 percent by the central bank. This had resulted in migration of assets to the fixed income market. Source: allafrica.com/ |
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.
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.
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.
