Ghana
Guinness Ghana Breweries PLC achieved a strong FY2025 rebound with revenue up 52% to GHS 3.59 billion and net profit at GHS 346 million. Margin recovery, local sourcing, and Castel integration signal sustained stability and disciplined growth.
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
NewGold ETF (JSE:GLD, GSE:GLD.GH) posted a 27% profit drop to USD 2.69 m as fee income weakened, yet bullion holdings rose to USD 2.64 bn. The fund remains fully backed by gold, offering safe XAUUSD exposure but limited yield potential.
Global Trade
Silver (XAGUSD) surged past $53/oz, driving African premiums to $1.85 and exposing dependence on London pricing. With only 30% of output hedged and ZARUSD −3.6%, miners gained nominally but lost liquidity as volatility drained regional markets.
United States
A $19 billion liquidation across BTC-USD, ETH-USD, and SOL-USD exposed how algorithmic margin systems turned volatility into reflexivity, rewarding two Hyperliquid traders who monetized speed as the market imploded.
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.
Kenya
Actis exits Kenya property as KES=X trades 150–165 and frontier capital via FM rotates toward logistics and digital assets; if policy rates drop below 11% and vacancies tighten, funding costs fall and development risk can reprice.
Egypt
EIB invests $38m in Egypt’s Tanmiya Fund II, signaling private equity’s return as inflation eases to 11–12% and reserves near $49bn; EGP=X stability, EMB spreads near 400bps, and ^TNX trends will test depth of Egypt’s reform-driven capital shift.
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.