Africa and global economic trends – February 2023

In February 2023, Stock Market indicators from selected African markets, showed mixed trends on monthly and annual basis. On annual basis, stock market indices in Egypt, Nigeria, Tunisia and South Africa improved by respective rates of 52.6 percent, 17.7 percent, 13.6 percent and 2.2 percent in February 2023 compared to the corresponding period of last year (see Table 18). In contrast, stock market indices declined in Morocco, Ghana, Kenya, Mauritius and Côte d’Ivoire, during the same period. Compared to January 2023 levels, stock market indices in most of the selected countries improved in February 2023.