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.
Core Strategy Deliverables
Themes, frameworks and structural views from the desk.
The first Core Strategy Deliverables report is in the works
Our analysts are finalising the opening edition — built from primary data, on-the-ground sources and the same rigour as every other Serrari desk report. Bookmark this page or come back next week to read it first.
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.