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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Entrepreneurs eye new growth opportunities at Arewa Business Festival
About 500 entrepreneurs are set to exhibit at the Arewa Business Festival. Here is what the event offers small businesses, how it links to northern Nigeria's economy, and what to verify before attending.
AI could disrupt 40% of global jobs – IMF warns
The IMF says almost 40 percent of jobs worldwide are exposed to AI. Here is what that exposure means, why it varies by income level, and what it could mean for Africa.
Dangote Refinery extends IPO as African investor demand surges
Dangote Refinery has extended its N2.15 trillion IPO to October 27. Here is what changed, what the offer looks like in numbers, and the risks to weigh before subscribing.
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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 | 582.73 | down -29.67 | -4.84% | BEAC |
| XOF/USD | 570.77 | up +2.10 | +0.34% | BCEAO |
| NGN/USD | 1,323.55 | down -266.45 | -16.76% | CBN |
| ZAR/USD | 16.54 | down -0.08 | -0.43% | SARB |
| GHS/USD | 11.76 | down -4.04 | -25.57% | BOG |
| KES/USD | 129.81 | up +0.41 | +0.32% | CBK |
| ETB/USD | 159.52 | up +101.72 | +175.99% | NBE |
| TZS/USD | 2,640.81 | up +10.00 | +0.37% | BoT |
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Ghosts of past subsidies haunt Nigeria’s petrol discount sale
Nigeria’s government has introduced a temporary petrol discount at NNPC retail stations and insists it is not a return to subsidy. Memories of the old regime, and political suspicion, still shape how the measure is received.
BREAKING: IMF raises Nigeria’s growth forecast to 4.2%, acknowledges Nigerians are suffering
The IMF has lifted Nigeria’s 2026 growth projection to 4.2% and left the 2027 forecast at 4.3%. The Fund cited improved stability but warned that higher food and energy prices are deepening poverty and hardship for households.
Nigeria’s cash transfers need an audit trail, not just tighter controls
Nigeria has drawn most of its World Bank social safety-net financing and introduced stricter identity checks. Public trust still hinges on proof that the money reached eligible households and that failures were corrected.
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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 | 249,767.91 | up +14.20% | NGX Group |
|
JSE Top 40
Johannesburg Stock Exchange
|
South Africa | 100,680.10 | up +8.60% | JSE |
|
GSE Composite Index
Ghana Stock Exchange
|
Ghana | 14,115.56 | up +22.40% | GSE |
|
BRVM Composite
BRVM
|
Francophone West Africa (8 nations) | 539.17 | up +5.80% | BRVM |
|
DSX Index
Bourse de Douala (DSX)
|
Cameroon | 1,727.58 | up +3.20% | DSX |
|
DSE All-Share
Dar es Salaam Stock Exchange
|
Tanzania | 4,631.77 | up +6.10% | DSE |
|
USE All-Share
Uganda Securities Exchange
|
Uganda | 2,535.12 | up +2.40% | USE |
|
NSE 20 Share Index
Nairobi Securities Exchange
|
Kenya | 4,327 | up +11.80% | NSE |