https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 24 OCTOBER 2024 Absa Africa Financial Markets Index 2024 Download the report Absa | Corporate and Investment Banking > Insights and Events > Absa Africa Financial Markets Index 2024 Absa Africa Financial Markets Index 2024 Now in its eighth year, the Absa Africa Financial Markets Index evaluates the financial development of African countries based on key measures of market accessibility, openness and transparency. This benchmark report provides investors with insights into the market infrastructure across the continent while enabling policymakers to learn from key developments throughout Africa. AFMI 2024 The index, released annually, provides 29 countries with insights and tools across six metrics to improve the state of their financial markets and gives investors useful insights for doing business on the continent. The Index ranks the maturity, openness, and accessibility of 20 African financial markets based on qualitative and quantitative criteria. The development of local investor capacity and the ability to attract foreign capital are key focus points. The Absa Africa Financial Markets Index draws global attention to the considerable investment opportunities and uncovers the untapped market potential through expert analysis of the African financial markets. The Index focuses on six fundamental pillars for financial market performance: Market depth. Access to foreign exchange. Market transparency and regulation. Pension fund development. Macroeconomic opportunity. Enforceability of international financial agreements. Download the report Anthony Kirui (Head of Global Markets, Africa Regional Operations) and Jeff Gable (Head of Macro and Fixed Income Research) discuss some key findings from the eighth edition of the Absa Africa Financial Markets Index. Key insights from this year’s report Clear and widespread progress Overall scores rose in 23 countries (82%), the highest share since the index's inception in 2017. Further implementation of ESG measures ESG has been introduced into market frameworks in 23 AFMI countries to broaden their investment appeal. This year, the Western African Economic and Monetary Union published a new green taxonomy to promote ESG assets. New FX market reforms emerge Major FX reforms have been implemented in Egypt, Ethiopia, and Nigeria in the past year to move towards more market-based regimes. While this does not directly improve scores for the 2024 index, given the timing of the data collection, these reforms—if sustained—are likely to bolster transparency and activity in FX markets in the coming years. Weak scores for pensions, legal frameworks and external debt The lowest average pillar score is once again in Pillar 4, which measures the prominence of local pension funds at just 28. For most countries, the formal pension system remains very underdeveloped. Scores are also relatively low in Pillar 6, which assesses legal standards. The long view shows clear gains Though different countries have made gains in different areas, 20 countries have higher scores this year than when they were first introduced to the index. Meet the team Anthony Kirui Head of Global Markets, Africa Regional Operations, Absa Group Jeff Gable Head of Macro and Fixed Income Research, Absa Group Nikhil Sanghani Managing Director, Economic and Monetary Policy Institute, OMFIF Taylor Pearce Lead Economist, OMFIF Arunima Sharan Senior Economist, OMFIF Yara Aziz Economist, OMFIF Download the 2024 AFMI Index launch report Unlocking your potential with insight and sustainable solutions. Download the report Full Name Company e-mail address I would like to receive marketing communications from Absa CIB Download By clicking Download, I confirm that I have read and accepted the Terms of Use and Privacy Statement. Download Previous AFMI Reports Download AFMI 2023 Download Report Download AFMI 2022 Download Report Download AFMI 2021 Download Report Download AFMI 2020 Download Report Download AFMI 2019 Download Report Download AFMI 2018 Download Report Related Insights RISK MANAGEMENT Widespread progress in African financial markets Absa Africa Financial Markets Index scores rise for majority of the countries Read more RISK MANAGEMENT Africa’s promising financial future is in its own hands Jeff Gable, Chief Economist and Anthony Kirui, Head of Global Markets, Ex.SA at Absa CIB explore the current state of Africa’s financial market development and emphasise why recent progress is likely to lead to improved access to financing in the years ahead. Read more AFMI 2023 AFMI highlights Africa is already unlocking its potential The release of the seventh iteration of the Absa Africa Financial Markets Index (AFMI) demonstrates that the continent is rapidly maturing and is no longer simply taking the first steps on a developmental journey. Instead, we can see clear signs that the true potential of the continent is being unlocked. Read more AFMI 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. Read more EVENTS Innovation and credibility are key to Africa’s success Are African financial markets in a better place than a year ago? As the leading banking group on the continent, this is a key question we consistently interrogate across our operations. Read more AFMI REPORTS Absa Africa Financial Markets Index 2022 Absa Africa Financial Markets Index has shone a crucial light on the opportunities for investment in the region. Read more REPORT Absa Africa Financial Markets Index 2021 No other report dives deeper into Africa’s true potential. 23 surveyed economies, with insights and tools across 6 metrics – geared towards highlighting Africa’s growth potential. Read more REPORT Africa Financial Markets Index 2018 The continent’s financial markets have remained resilient and innovative amid slowing worldwide growth after the synchronised upturn of 2017. However, they remain fragmented and shallow compared to their equivalents in Latin America and Asia. Read more REPORT Africa Financial Markets Index 2019 The continent’s challenges are clearly visible, and its countries are crafting actionable solutions. Highlighting the positive developments in market infrastructure and the fostering of market Growth, The 2019 Absa Africa Financial Markets Index report assesses progress and potential across six key pillars: Read more REPORT Africa Financial Markets Index 2020 The 2020 Absa Africa Financial Markets Index report launch will provide an in-depth look into the continent’s financial markets. Read more https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3