Market Pulse Africa — Africa's Markets. Real Numbers. Real Time.
About Market Pulse Africa: What We Cover and How We Report
Market Pulse Africa covers African equities, commodities, currencies, exchange indices, macroeconomics and investment signals. Here is what we publish, how we handle market data, and who it...
BEAC Rate Decision: What Central Africa's Monetary Policy Means for Borrowing, Investment and the FCFA
The Bank of Central African States sets monetary policy for six CEMAC nations. Its decisions reach corporate borrowing costs, government financing and the investment climate across a region of roughly 55 million people.
Brent Crude at $60: How African Oil Exporters Are Adjusting to a Lower-Price World
The World Bank projects Brent to average $60 per barrel in 2026 — down from $68 in 2025. For Nigeria, Angola and Cameroon, the budget arithmetic is changing.
Commodity tracker
What Africa sells, and what it fetches
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Nigeria Foreign Loans: Tinubu Asks the Senate for $20.52 Billion and €1.05 Billion, With No Project List Attached
Nigeria foreign loans request: Tinubu wants Senate approval for $20.52bn and €1.05bn for 2026–2027. What the letter says, what it leaves out, and what's next.
International Breweries 9M 2026: Pre-Tax Profit Rises 22% to N90.44bn as Revenue Stalls
International Breweries 9M 2026 pre-tax profit rose 22% to N90.44bn on cheaper inputs, but revenue grew 2%, tax doubled and after-tax profit slipped 5.7%.
Nigeria Domestic Crude Supply: Local Refineries Got 127 Million Barrels in Nine Months, NUPRC Says
Nigeria domestic crude supply topped 127m barrels in January–September 2026, NUPRC said, as output hit 1.717m bpd and a crude swap plan went to consultation.
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The Weekly Pulse
Africa's markets, every Friday. Commodity movements, currency signals, equity performance, and the macro indicators that matter — delivered as a clean, readable digest.
Currencies
What the continent's money is worth
| Pair | Rate | Change | % | Source |
|---|---|---|---|---|
| XAF/USD | 586.20 | up +0.77 | +0.13% | Trading Economics USD/XAF market rate, 23 Oct 2026 (morning quote; fixed peg 655.957 XAF per EUR) |
| XOF/USD | 586.08 | up +3.08 | +0.53% | Trading Economics USD/XOF market rate, 23 Oct 2026 (morning quote; fixed peg 655.957 XOF per EUR) |
| NGN/USD | 1,330.77 | down -1.76 | -0.13% | Trading Economics USD/NGN official market rate, close 23 Oct 2026 (read 24 Oct) |
| ZAR/USD | 16.66 | up +0.17 | +1.03% | Trading Economics USD/ZAR interbank rate, 23 Oct 2026 (morning quote) |
| GHS/USD | 11.65 | up +0.04 | +0.30% | Trading Economics USD/GHS interbank rate, 23 Oct 2026 (morning quote) |
| KES/USD | 129.93 | up +0.08 | +0.06% | Trading Economics USD/KES interbank rate, close 22 Oct 2026 (read 23 Oct) |
| ETB/USD | 127.00 | down -34.15 | -21.19% | Trading Economics USD/ETB official rate, 23 Oct 2026 (morning quote) |
| TZS/USD | 2,600.25 | down -44.54 | -1.68% | Trading Economics USD/TZS interbank rate, 23 Oct 2026 (morning quote) |
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NGX All-Share Index Hits Record 251,290 as Market Value Reaches N163.16 Trillion
The NGX All-Share Index rose 1.65% to a record 251,290.54 on Monday, lifting market value to N163.16 trillion as Dangote Cement hit its 10% daily limit.
FMDQ Turnover Hits N551.23 Trillion in Nine Months as FX and OMO Bills Take 64%
FMDQ turnover reached N551.23 trillion from January to September 2026, with FX and CBN OMO bills making up 64% and three banks handling 42.7% of the total.
NGX Group Profit Jumps 83% to N20.58bn in 9M 2026 as Transaction Fees Double
NGX Group profit before tax rose 83.29% to N20.58bn in the nine months to September 2026, driven by transaction fees that more than doubled to N20.68bn.
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New to African markets?
The Market Pulse Africa Investor Guide covers the practical path to investing across the continent — stock exchanges, bonds, commodities, and what to know before you start.
African equities
Eight exchanges, one table
| Index | Country | Last close | Year to date | Source |
|---|---|---|---|---|
|
NGX All-Share Index
Nigerian Exchange (NGX)
|
Nigeria | 254,151.03 | up +57.41% | Trading Economics, NGX All-Share close 22 Oct 2026 (rounded as published; YTD as stated, read 23 Oct) |
|
FTSE/JSE All Share Index
Johannesburg Stock Exchange
|
South Africa | 10,761.33 | down -6.31% | Trading Economics, FTSE/JSE All Share close 22 Oct 2026 (rounded as published; YTD as stated, read 23 Oct) |
|
GSE Composite Index
Ghana Stock Exchange
|
Ghana | 14,286.89 | up +61.08% | Trading Economics, GSE Composite close 22 Oct 2026 (rounded as published; YTD as stated, read 23 Oct) |
|
BRVM Composite
BRVM
|
Francophone West Africa (8 nations) | 527.23 | up +54.04% | BRVM (brvm.org), close 21 Oct 2026; YTD 54.04% is as of 16 Oct (no newer YTD published) |
|
DSX Index
Bourse de Douala (DSX)
|
Cameroon | 1,840 | up +3.20% | DSX |
|
DSE All Share Index (DSEI)
Dar es Salaam Stock Exchange
|
Tanzania | 4,432.36 | up +64.02% | Trading Economics, DSEI close 22 Oct 2026 (YTD as stated, read 23 Oct) |
|
USE All Share Index (ALSI)
Uganda Securities Exchange
|
Uganda | 2,594.93 | up +61.27% | Trading Economics, USE All Share close 20 Oct 2026 (YTD as stated, read 22 Oct) |
|
NSE All Share Index (NASI)
Nairobi Securities Exchange
|
Kenya | 237.44 | up +29.53% | myStocks Kenya (NSE data), close 19 Oct 2026; YTD 29.53% as of 19 Oct from Trading Economics |