South Africa tops in Africa’s Financial Markets – Report

South Africa has been ranked the number one on the continent in the latest Barclays Financial Markets Index released in Ghana on Wednesday.

The Index ranks the maturity, openness and accessibility of seventeen markets in Africa based on both qualitative and quantitative criteria.

Muaritius  ranked 7^th , Botswana 3^rd , Namibia 4^th  Kenya 5^th Nigeria 6^th , Ghana 7^th Rwanda 8^th  Zambia 9^th Uganda 10^th Tanzania 11^th Morocco 12 , Ivory Coast 13^th Egypt 14^th Mozambique 15^th  Seychelles 16^th and Ethiopia placing 17^th .

The index focuses on six fundamental pillars of financial market performance in the areas of market depth, access to foreign exchange, capacity of local investors, market transparency and regulations among others.

The index reveals Ghana is showing signs of progress.. The index also shares results of a survey conducted with 60 key institutions operating throughout Africa, accumulating their views on market conditions and the regulatory framework of the African economies covered in the report.

Key report findings

– The Index finds that South Africa, Mauritius and Botswana lead African countries by displaying openness for capital markets transactions and direct investment.

– Development in financial market depth is important for commodity exporters as they seek to diversify their economies to new sectors.

– Other countries are growing fast from a low base. Ethiopia has outperformed other countries in GDP growth prospects and is projected to grow fastest among the African countries studied in the report.

Read Full report

Source: Africafeeds.com / Fred Dzakpata