African financial markets advance but remain thinly traded
By the AFREEQUE newsroom, based on Weekendpost
Financial markets in 21 of the 29 African countries assessed improved, lifting the index’s average score to 56, its highest level in a decade. Progress, driven by falling inflation and regulatory reforms, is still constrained by low trading activity, according to the Absa and OMFIF index.
Botswana fell two places in the index, despite the overall improvement in results across the continent. The stabilisation of economic conditions and regulatory reforms are contributing to the progress observed, but trading activity remains limited, holding back the mobilisation of domestic savings and opportunities for financing outside the banking system, according to Weekendpost.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
