Africa ETP News
you are currently viewing::Stablecoins in Nigeria: A Growing Cross-Border ChannelJune 16, 2026- U.S. dollar-pegged digital tokens reduce payment frictions but raise new policy trade-offs
What began as a niche technology has become a meaningful cross-border payments channel. Its rapid growth is easing long-standing frictions in cross-border transactions. It is also testing the limits of existing monetary and regulatory frameworks. The scale is striking, even though measurement remains imperfect. Nigeria received about $59 billion in crypto-asset inflows between July 2023 and June 2024. Source: imf.org |
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.
First Mutual Wealth Gold ETF debuts on VFEX
May 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.
Africa Faces Mounting Risks Just as Growth Gains Take Hold
April 23, 2026- To weather the shock, policymakers should ensure that any near-term measures are time-bound and targeted at the most vulnerable, and maintain the focus on medium-term development objectives.
Sub-Saharan Africa's economies entered 2026 with significant momentum. The region had notched its fastest growth rate in 10 years-4.5 percent in 2025-buoyed by reduced macroeconomic imbalances, rising investment levels, and a generally supportive external environment.
IMF-Regional Economic Outlook Update Sub-Saharan Africa-Hard-Won Gains Under Pressure
April 16, 2026-After a strong 2025 with regional growth estimated at 4.5 percent, sub-Saharan Africa entered 2026 reaping the benefits of hard-won stabilization gains. But the war in the Middle East has clouded the outlook. The shock has caused a rapid increase in key commodity prices, particularly in fuel and fertilizer.
Sub-Saharan Africa's Growth Holds, But Downside Risks Mount
April 8, 2026--Smarter industrial policy can advance Africa's economic transformation and create jobs
Sub-Saharan Africa's economic recovery from a decade of global shocks is showing signs of stalling, with growth projections for 2026 revised downward by 0.3 percentage points from estimates previously published in October 2025, according to the latest edition of the Africa Economic Update, the World Bank Group's biannual economic report for the region.
