Africa Markets
Regional equities, currencies and macroeconomics across Sub-Saharan Africa — what they mean for portfolios.
Latest from the desk
Africa is one of the world’s last great growth stories — and one of its most misunderstood. Each week we track regional equities, macro signals and currencies into a clear-eyed view of what they mean for portfolios.
Grouped by subcategory · Updated weekly
Regional Equities
JSE, NGX, EGX, GSE, NSE and regional index performance.
Regional Equities
Nigeria leads +60.5% YTD on banking and oil & gas, Ghana up 128% YoY post-restructuring, EGX 30 at 52,861 with momentum slowing, and the JSE under pressure on geopolitical jitters.
The Dangote Refinery IPO
A comprehensive analysis of Africa's largest-ever IPO: Dangote Industries plans to list ~10% of its 650,000 bpd refinery at a $40–50bn valuation, with a primary NGX listing, secondaries on JSE/NSE/GSE/ESX/BRVM, and a unique USD-dividend structure backed by ~$6.4bn in annual export revenues.
Macroeconomics
Growth, inflation, rates and currencies across the continent.
Africa Markets Investment Outlook
The flagship weekly synthesis — what to do next.
Weekly Investment Outlook
Africa’s week of divergence: West Africa equities running hot, East Africa structurally growing, Southern Africa under oil and geopolitical pressure — and what Friday’s Brent crash means for net importers.
Africa Economic Outlook
Africa in 2026 is at least four economies — frontier 5.5–7% growers, diversified 4–5% anchors, resource-dependent recoverers and fragile/debt-stressed states. The 4.3% continental average hides the dispersion; the investor who reads the divergence owns the opportunity.