South Africa
South Africa tightens contract oversight as ZAR=X holds near 17.4 and 10-year yields stay around 9.0%; CPI 3.3%, repo 7.0%, and debt 77% of GDP show governance now steering fiscal credibility and JALSH performance.
Zambia
Zambia leans on China-backed water capex as USDZMW=X steadies near 23 while HG=F tracks copper-driven buffers; local 10Y near 19–20% underscores execution risk even as inflation eases and reserves hold near four months.
Nigeria
Nigeria’s $2 trillion Commonwealth trade drive tests Abuja’s capacity for data-backed reform. With exports 78 % oil-based, GDP +3.9 %, inflation 28.3 %, and reserves 4.2 months, success hinges on execution that boosts NGX:ZENITHBANK, NGX:DANGCEM, and NGX:GTCO exposure to logistics gains.
Nigeria
Nigeria’s $2 trillion Commonwealth trade drive tests Abuja’s capacity for data-backed reform. With exports 78 % oil-based, GDP +3.9 %, inflation 28.3 %, and reserves 4.2 months, success hinges on execution that boosts NGX:ZENITHBANK, NGX:DANGCEM, and NGX:GTCO exposure to logistics gains.
Chad
Chad’s approval of Konoom Mobile Money SA (capital XAF 500 million ≈ USD 0.8 million) disrupts a market where Orange (ORA.PA) and Airtel Africa (AAF.L) control ≈ 90 % of CEMAC’s XAF 1.83 trillion e-money float. The move localizes liquidity and signals fintech sovereignty within the CFA zone.
Tanzania
CRDB Bank (DSE:CRDB) has issued TSh 150 bn (≈ USD 57 m) in local-currency credit to Tanzania’s coffee sector (ICO:COFFEE), signaling Africa’s growing ability to finance exports internally as global trade credit tightens and arabica prices stay volatile.
Ghana
The Ghana Stock Exchange traded GH¢58.4m in Week 41, led by GCB (72.6%), MTNGH (24.6%), and CAL (+9.7%), as the GSE-CI held near 3,896 points. A HHI of 2,420 and CR5 of 78.2% show liquidity concentrated but stable—signaling institutional discipline, not retreat.
West Africa
The BRVM Composite (COMPOSITE) rose +0.87% to 332.53, driven by SAPH (+7.45%), TTF (+7.40%), and SOGB (+2.7%), while SNTS led turnover at FCFA 2.7 bn (33%). Market cap reached FCFA 12.8 tn, P/E 12.5×, yield 7.4%, signaling disciplined institutional flow.
Morocco
The Casablanca Stock Exchange cooled modestly as the MASI slipped 1.44% to 18,549. Large-caps like VICENNE (11.9% of turnover) and Attijariwafa Bank (MAD 157 billion cap) dominated a MAD 1.85 billion trade week—signaling rotation not retreat amid a 25.56% YTD gain.
Nigeria
During Week 41 (6–10 Oct 2025), Nigeria’s market matured through yield, not speculation. ₦NGXASI rose 2.37% to 146,988 as bonds surged 1,038% in value. ₦MTNN, ₦AXAMANSARD, and ₦SOVRENINS led gains while liquidity shifted decisively toward government debt.
Tanzania
On the DSE (DSE:TZ), bond turnover rose from TZS 34.12 bn to 86.07 bn (+152%), dwarfing equities at TZS 2.56 bn. CRDB (DSE:CRDB) climbed 8.5% to TZS 1,280, while NMB (DSE:NMB) held TZS 7,800 and TBL (DSE:TBL) at TZS 10,200 — proof Tanzania’s market now grows through debt, not speculation.
Kenya
Kenya’s new crypto bill could turn Nairobi into Africa’s regulatory capital—or expose the limits of state control over digital finance. As the CBK and CMA tighten oversight, the continent’s battle between innovation and enforcement begins.