Africa ETP News
you are currently viewing::Bitcoin Price Trends and the Future of Digital Transactions in AfricaMarch 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. Analyzing Bitcoin price trends is crucial for investors, traders and businesses in Africa who want to implement digital assets in their operations. The Impact of Bitcoin on the African Economy North American nations have been at the forefront of Bitcoin adoption; however, Nigeria, Kenya and South Africa have recently emerged as leaders in Africa. Peer-to-peer cryptocurrency trading across the continent reached over $100 billion in 2023, making Africa one of the fastest-growing markets for blockchain technology, according to a report by Chainalysis. Source: allafrica.com |
South Africa: African Development Bank Country Focus Report highlights urgent need for economic transformation as GDP growth remains subdued
July 4, 2025-African Development Bank calls for strategic reforms to unlock South Africa's $3 trillion capital potential
South Africa's GDP growth declined to 0.6% in 2024 from 0.7% in 2023, underscoring the need for critical action and strategic reforms to unlock the country's vast capital resources and accelerate economic growth, the African Development Bank emphasized in its Country Focus report launched on Wednesday.
Africa's Trade Projected to Hit $1.5 Trillion in 2025
July 1, 2025--Trade is set to expand at an average of 5.1 per cent a year through 2026, before quickening to 5.4 per cent by 2028.
National stock exchange launched in Somalia
June 26, 2025-The National Securities Exchange of Somalia (NSES) held its formal launch on 19 June 2025, according to this report on Xinhua. A coalition of local investors and financial experts established the exchange and it will start by operating as a private, self-regulatory organization, according to a statement issued in Mogadishu. The Central Bank of Somalia has pledged full technical support with the aim of ensuring international best practices are followed.
East Africa's regional 20 share index
June 24, 2025-The National Securities Exchange of Somalia (NSES) is joining the Somali Stock Exchange as a member of the East African Securities Exchanges Association (EASEA), which brings together the exchanges of Kenya, Rwanda, Somalia, Tanzania, Uganda and Ethiopia, as well as Burundi when that exchange will be launched.
African Credit Rating Agency to Launch September 2025
June 16, 2025--The African Credit Rating Agency (AfCRA), a new privately owned credit rating body, is set to begin operations by September 2025
The agency is backed by private sector stakeholders across Africa, not governments, to ensure independence and credibility
African Economic Outlook 2025-Africa's short-term outlook resilient despite global economic and political headwinds
May 27, 2025--With the right policies, Africa has the potential to mobilize an additional $1.43 trillion in domestic resources from both tax and non-tax revenue sources, and curbing leakages.
Africa's economy is projected to increase from 3.3 percent growth in 2024 to 3.9 percent in 2025, reaching 4 percent in 2026, despite mounting geopolitical uncertainties and trade tensions, the African Development Bank Group said Tuesday in its flagship 2025 African Economic Outlook report.
.
IMF Staff Country Report-West African Economic and Monetary Union: Staff Report on Common Policies for Member Countries
May 19, 2025--Summary
Economic growth continues to be strong in the WAEMU, while inflation has fallen back to its target range. An appropriately tight monetary policy, along with progress in reducing external imbalances, is supporting a strong recovery in reserves back above the lower end of the adequacy range. However, there is significant divergence among WAEMU member states in macroeconomic performance, policies, and resilience.
Building Momentum for Inclusive Growth
May 12, 2025--Nigeria's macroeconomic situation is improving as a result of sustained reforms according to the latest edition of the Nigeria Development Update (NDU) report released today.
The report, titled "Building Momentum for Inclusive Growth," shows that economic growth in the last quarter of 2024 increased to 4.6% (year-on-year), pushing growth for the full year 2024 to 3.4%, the highest since 2014 (excluding the 2021-2022 COVID-19 rebound).
Economic Growth is Speeding Up in Africa, but Uncertainty Clouds Outlook
April 23, 2025--Economic growth in Sub-Saharan Africa is showing some resilience despite uncertainty in the global economy and restricted fiscal space. Regional growth is expected to reach 3.5% in 2025 and further accelerate to 4.3% in 2026-2027. This growth is mainly due to increased private consumption and investments as inflation cools down and currencies stabilize.
