Africa ETP News
you are currently viewing::First Mutual Wealth Gold ETF debuts on VFEXMay 2, 2026-Zimbabwe's exchange-traded fund (ETF) landscape has undergone a gradual evolution, shaped by liquidity constraints and shifts in the underlying equity instruments. The launch of the Old Mutual Top 10 ETF in December 2020, the first ETF, with listing in January 2021, marked a significant milestone for the Zimbabwe Stock Exchange (ZSE), introducing passive investment exposure. However, its eventual delisting in January 2025 highlighted fundamental limitations in the domestic ETF model. As market liquidity narrowed and key counters migrated to the Victoria Falls Stock Exchange (VFEX), replication became increasingly inefficient, while tracking error widened, amidst frequent index rebalancing. Source: theindependent.co.zw |
South African rand strengthens after surprise GDP growth data
June 9, 2026- The rand strengthened on Tuesday after South Africa's economy expanded more than expected in the first quarter of 2026, though the impact of the Iran war was likely to be reflected in the next release.
At 1415 GMT, the rand traded at 16.4325 against the U.S. dollar, up about 0.6%.
Africa's growth holds firm amid global turbulence, says 2026 African Economic Outlook
May 26, 2026-The continent recorded an estimated average GDP growth of 4.4 percent in 2025, with 22 economies posting rates above 5 percent.
In 2026, Africa is projected to grow at 4.2 percent, despite heightened geopolitical tensions and global supply shocks.
Africa's growth holds firm amid global turbulence, says 2026 African Economic Outlook
May 26, 2026-The continent recorded an estimated average GDP growth of 4.4 percent in 2025, with 22 economies posting rates above 5 percent.
In 2026, Africa is projected to grow at 4.2 percent, despite heightened geopolitical tensions and global supply shocks.
Central Africa is expected to see growth rising to 3.8 percent in 2026 from 3.6 percent in 2025, buoyed by sustained high oil prices
