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 |
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.
