Finance & Banking

Absa Africa Financial Markets Index Launch 2022 set for October

LONDON- The launch of Absa Africa Financial Markets Index 2022 is slated for October 13, 2022, according to the Official Monetary Financial Institution Forum [OMFIF], the producers of the index.

Since its launch in 2017, the Absa Africa Financial Markets Index has shone a crucial light on the opportunities for investment in the region. Now returning for its sixth edition, the index sponsored by Absa is a vital part of policy-makers and market participants’ toolkits and a benchmark for international investors looking to commit to the region.

Some progress had been lost over the previous two years during the pandemic, with the war in Ukraine and its global effects bringing new challenges. This uncertain economic atmosphere has highlighted the importance of strong local markets to withstand outside shocks.

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: Market depth; Access to foreign exchange; Market transparency, tax, and regulatory environment; Capacity of local investors; Macroeconomic opportunity and Legality and enforceability of standard financial markets master agreements

Key speakers at the event to be held in London are Johannes Gawaxab, the Bank of Namibia Governor, and Thepelo Tsheole CEO of Botswana Stock Exchange.

This discussion is part of the OMFIF Institute for Economic and Monetary Policy, OMFIF’s core stream of activities covering economic and monetary policy and the political economy. OMFIF is an independent think tank for central banking, economic policy and public investment, providing a neutral platform for best practice in worldwide public-private sector exchanges worldwide.

In 2021, Uganda improved its overall position in the Absa Africa Financial Markets Index, jumping five slots from 10th in 2020 with a score of 52 out of 100 to fifth with a score of 57, being one of only three countries that improved their ranking the most.

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