FINANCIAL INSIGHTS | 27 OCTOBER 2020
How different countries use and adopt the AFMIndex to drive market development - George Asante
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.
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:
The average score dipped to its lowest since the index started in 2017. Despite this, certain countries showed improvement and Jeff Gable explains what will be needed to rebuild economies post Covid-19.
Newly released data out of the 2020 edition of the Absa Africa Financial Markets Index shows that despite disruption from the COVID-19 pandemic, financial markets in Africa are proving robust with innovators such as South Africa and Mauritius leading the way.