Africa’s capital markets in 2025 are dealing with tightened monetary conditions and a global economic backdrop weighing heavily on investment flows, credit costs and sovereign balance sheets, according to Absa Bank’s latest review of 29 countries. Liquidity continues to be a major issue and shallow secondary markets are pushing borrowing costs higher. However, those countries that implemented reforms are pulling ahead. Here are some of the key takeaways from the report and launch event.
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