Search

More stocks fell than rose across 17 African exchanges on Thursday, with Uganda leading index gains and Ghana the weakest, while attention shifted to Enoch Godongwana medium-term budget on 21 October and a possible R70 billion revenue windfall.

A report by British International Investment and Swedfund estimates a $209 billion financing gap facing Black-owned and Black-led businesses across five sub-Saharan African markets, with Nigeria alone accounting for $131 billion of the shortfall.