Thread by @MwangoCapital

A few notes from the Absa Africa [@AbsaKenya] Financial Markets Index 2021:

1. Kenya drops to number 11 from position 7 in 2020.

2. Kenya has a low equity turnover of 5% as a percentage of market cap.

Bonds have a way higher turnover vs equity.

3. Egyptian exchange is the most active exchange in Africa:

4. Kenya is leading in Africa in efforts for green products in the stock market:

CC: @reubenmuhindi

5. Regulatory sandboxes for fintech and
innovation across Africa:

5. African exchanges are going digital:

"Kenya will soon start the user-testing phase for its upgraded central securities depository, which will provide a web-based centralised registry for sovereign securities"

6. Ahem @NSE_PLC. There is a gap here:

7. Where are we at with CBDCs in Africa:

8. On FX liquidity, look at Nigeria!!

9. How Withholding taxes in capital markets compare across Africa:

10. On pension funds investing in markets:

- Southern African economies have higher pension assets per capita
- Namibian pension assets growing faster than local market

11. On debt distress, Mozambique remains in debt distress, having the worst external debt-to-GDP ratio at 97.5%!

Cameroon, Ethiopia, Ghana, Kenya and Zambia are at high risk, while Ivory Coast, Lesotho, Malawi, Rwanda, Senegal and Uganda are at moderate risk.

12/12. Full report link: omfif.org/wp-content/upl…