13 OCTOBER 2022

Absa Africa Financial Markets Index
2022

Harnessing the power of African opportunity

Absa Africa Financial Markets Index has shone a crucial light on the opportunities for investment in the region.
It is now returning for its sixth edition, the index is a vital part of policy-makers and market participants’ toolkits and a benchmark for
international investors looking to commit to the region.

AFMI 2022

The index, produced by OMFIF and sponsored by Absa has expanded this year to record the openness and attractiveness of 26 countries across the continent to foreign investment based on six fundamental pillars:

  1. Market depth
  2. Access to foreign exchange
  3. Market transparency, tax and regulatory environment
  4. Capacity of local investors
  5. Macroeconomic opportunity
  6. 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.

The bravery to imagine. That’s Africanacity.

Head of Research, Jeff Gable, unpacks the trends he has seen over the years in the countries we have been measuring since AFMI launched. He also delves into the new countries that have joined this year’s index. #AfricaExpertise

insight1

Insight 1

Coverage has expanded to 26 countries with the addition of the Democratic Republic of Congo, Madagascar and Zimbabwe.

insight2

Insight 2

Despite the difficult external conditions, 19 countries improved their scores relative to last year and scores were generally boosted by progress in developing sustainable financial markets and improving financial product diversity.

insight3

Insight 3

South Africa, Mauritius and Nigeria maintain their positions in the top three this year, as they continue to score highly on measures of market depth, transparency and enforceability of legal agreements.

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Insight 4

Uganda rises two places to fourth, while Namibia and Kenya improve their ranking within the top 10. Scores for these three countries primarily rose due to progress on adopting ESG policies and frameworks.

Download the 2022 AFMI Index launch report

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