Market Pulse Africa — Africa's Markets. Real Numbers. Real Time.
Africa's Cocoa Market After the Price Crash: What $4,000/t Means for Cameroon, Ghana and Côte d'Ivoire
After hitting a 46-year high of $11,530 per tonne in June 2024, cocoa futures have fallen sharply. We examine what the correction to around $4,180/t means for the three countries that togeth...
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.
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: South Africa's Economy Shows Tentative August Recovery After Tough Second Quarter
South Africa's economy showed tentative signs of recovery in August, though rising oil prices threaten to complicate the outlook.
Kenyan Court Blocks Vodacom's $2.1bn Safaricom Stake Sale, Shares
A Kenyan court has struck down Vodacom's $2.1bn Safaricom stake purchase, reopening a long-running legal battle over the deal.
TotalEnergies Commits $10 Billion to Angola as It Bets on Deepwater
TotalEnergies has pledged $10 billion for Angola oil projects over five years — a major signal of confidence in African upstream energy.
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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.
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Currencies
What the continent's money is worth
| Pair | Rate | Change | % | Source |
|---|---|---|---|---|
| XAF/USD | 612.40 | up +2.10 | +0.34% | BEAC |
| XOF/USD | 612.40 | up +2.10 | +0.34% | BCEAO |
| NGN/USD | 1,590 | down -12 | -0.75% | CBN |
| ZAR/USD | 18.42 | down -0.08 | -0.43% | SARB |
| GHS/USD | 15.80 | up +0.12 | +0.76% | BOG |
| KES/USD | 129.40 | down -0.60 | -0.46% | CBK |
| ETB/USD | 57.80 | up +0.40 | +0.69% | NBE |
| TZS/USD | 2,680 | up +10 | +0.37% | BoT |
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Dangote Refinery IPO: Africa's Biggest Share Sale Opens on the NGX
The Dangote Refinery IPO has opened on the NGX in Africa's biggest-ever share sale — here's what the $49bn listing means for investors. Image ALT text: An African business executive stands before a stock exchange ticker board displaying an upward market trend, with oil refinery towers silhouetted at sunset in the background. Caption: Dangote Petroleum Refinery's N2.15 trillion share offer opened o
DSX Emerging Dynamics: How Liquidity Bottlenecks Restrict Cameroonian Corporate Debt Issuances
The Douala Stock Exchange remains the smallest of Central Africa's listed markets, and thin secondary trading is now the binding constraint on how much corporate debt issuers can realistically raise there. Here's why liquidity — not appetite — is the real ceiling on Cameroon's bond market.
Cocoa Rebounds: What Higher Prices Mean for West and Central African Producers
Cocoa prices climbed around 3.18% to approximately $5,719 per tonne, bringing fresh attention to the economic impact on West and Central Africa's major producing countries. But the key question is not simply whether cocoa prices are rising — it is who ultimately captures the gains.
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African equities
Eight exchanges, one table
| Index | Country | Last close | Year to date | Source |
|---|---|---|---|---|
|
NGX All-Share Index
Nigerian Exchange (NGX)
|
Nigeria | 97,420 | up +14.20% | NGX Group |
|
JSE Top 40
Johannesburg Stock Exchange
|
South Africa | 74,108 | up +8.60% | JSE |
|
GSE Composite Index
Ghana Stock Exchange
|
Ghana | 3,840 | up +22.40% | GSE |
|
BRVM Composite
BRVM
|
Francophone West Africa (8 nations) | 201.40 | up +5.80% | BRVM |
|
DSX Index
Bourse de Douala (DSX)
|
Cameroon | 1,840 | up +3.20% | DSX |
|
DSE All-Share
Dar es Salaam Stock Exchange
|
Tanzania | 2,140 | up +6.10% | DSE |
|
USE All-Share
Uganda Securities Exchange
|
Uganda | 980.00 | up +2.40% | USE |
|
NSE 20 Share Index
Nairobi Securities Exchange
|
Kenya | 1,620 | up +11.80% | NSE |