12 OCTOBER 2023
Absa Africa Financial
Markets Index 2023
Absa Africa Financial Markets Index 2023
Absa Africa Financial Markets Index has shone a crucial light on the opportunities for investment in the region. It is now returning for its
seventh edition. The index is a vital part of policymakers’ and market participants’ toolkits and a benchmark for
international investors looking to commit to the region.
AFMI 2023
The index, produced by OMFIF and sponsored by Absa, has expanded this year to record the openness and attractiveness of 28 countries across the continent to foreign investment based on six fundamental pillars:
- Market depth
- Access to foreign exchange
- Market transparency, tax and the regulatory environment
- Capacity of local investors
- Macroeconomic opportunity
- Legality and enforceability of standard financial markets master agreements
We are once again proud to bring you this report, which through expert analysis of African financial markets, draws attention to the considerable investment opportunities that live right here in Africa.
Now on its seventh edition, the Absa Africa Financial Markets Index (AFMI) evaluates countries’ financial development based on measures of market accessibility, openness and transparency.
Meet the team

Anthony Kirui
Head Global Markets, Absa Regional Operations

Jeff Gable
Head: Macro and Fixed Income Research, Absa

Nikhil Sanghani
Managing Director of Research, OMFIF

Arunima Sharan
Senior Research Analyst, OMFIF

Katerina Liu
Research Analyst, OMFIF

Edward Maling
Watch the broadcast of the Africa Financial Markets Index Launch 2023 which took place in Marrakech on the 12th of October 2023