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
Cocoa futures have stabilized near $4,180 per tonne after a 64% drop from 2024 peaks. Here is how the slump impacts West African state budgets, farmers, and trade.
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 $68 in 2025. For Nigeria, Angola and Cameroon, the budget arithmetic is changing.
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What Africa sells, and what it fetches
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Egypt, Arab Rep.: Fuel exports (% of merchandise exports), 2025
Fuel exports accounted for 10% of Egypt’s merchandise exports in 2025, according to World Bank data. The share has declined from higher levels in previous years as non-fuel exports expanded.
Ghana: Food exports (% of merchandise exports), 2025
Food products accounted for 18% of Ghana’s merchandise exports in the latest World Bank data for 2023. In 2025 cocoa beans and products alone made up 14% of total exports, while gold dominated at 63.1%.
Cote d'Ivoire: Foreign direct investment, net inflows (BoP, current US$), 2025
Foreign direct investment net inflows into Côte d’Ivoire rose to $2.03 billion in 2025, according to UNCTAD data. The figure marks a recovery from the previous year’s lower level and continues a multi-year upward trend in investment.
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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 | 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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Kenya: Ores and metals exports (% of merchandise exports), 2025
Ores and metals accounted for 5.1% of Kenya’s merchandise exports in 2024. No official figure for 2025 has been published yet. Food and manufactures continue to dominate the export basket.
Congo, Dem. Rep.: Food exports (% of merchandise exports), 2024
Food exports accounted for just 1% of the Democratic Republic of the Congo’s merchandise exports in the latest available data. The figure underlines the country’s continued dependence on minerals for foreign exchange earnings.
FMDA projects Nigeria’s current account surplus at $8.69bn in Q3 on stronger oil earnings
The Financial Markets Dealers Association projects Nigeria’s current account surplus will widen to $8.69 billion in the third quarter of 2026. The forecast rests on lower import demand and elevated crude oil prices after a $7.54 billion surplus in Q2.
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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 |