Live Markets
URANIUM$87.25/lb+1.24%
COLTAN$38.40/kg+0.85%
GOLD$4,628/oz+1.15%
BRENT$69.41/bbl-0.54%
|
BTC$94,280+2.34%
ETH$3,218+1.87%
CELO$0.82+1.40%
|
USD/NGN1,377-0.22%
USD/KES130.40+0.18%
USD/ZAR16.77+0.31%
|
URANIUM$87.25/lb+1.24%
GOLD$4,628/oz+1.15%
BTC$94,280+2.34%
USD/NGN1,377-0.22%
ROAD-1
LBNN · Market Intelligence Platform
African Markets
Comprehensive Market Intelligence · Updated May 2026
Stock Exchanges Currencies Crypto Index Commodities Central Bank Rates Key Indicators Sovereign Bonds AfCFTA Corridors Aviation Infrastructure Startups / VC Energy Index
Sources: AfDB · IMF · NBS · CBN · SARB · CBK · IRENA · IEA · Partech Africa · AfCFTA Secretariat · Reference data updated weekly. Live data refreshed every 6 hrs.
African Markets · Equities

African Stock Exchanges

Weekly Update
8 Major Exchanges · Key Indices · May 2026 · Reference data — not real-time
NGX
Nigeria · All Share Index
101,240
+1.40% WTD
Mkt Cap
$71.2B
Volume
₦4.8B
YTD
+21.4%
Dangote IPO
Prospectus pending
Africa’s largest consumer market exchange · Dangote IPO expected May offer open
JSE
South Africa · Top 40
70,980
−0.91% WTD
Mkt Cap
$1.04T
Volume
R19.2B
YTD
+8.4%
RMH Delisting
R654.6M
Africa’s largest by market cap · Nedbank–NCBA $856M bid in regulatory review
NSE
Kenya · NSE 20
1,891
+1.20% WTD
Mkt Cap
$10.1B
Volume
KES 4.4B
YTD
+6.2%
KPC IPO
$825M live
Growing East African hub · Kenya Pipeline $825M IPO subscription open
EGX 30
Egypt · EGX 30
27,950
−1.62% WTD
Mkt Cap
$48.6B
Volume
EGP 3.1B
YTD
−3.4%
IMF Programme
On track
MENA gateway · Oil-importer pressure from Middle East energy shock
BRVM
West Africa · UEMOA Composite
224.1
+1.04% WTD
Mkt Cap
$16.8B
YTD
+9.1%
CFA anchor
Stable
8-nation regional exchange · Côte d’Ivoire anchor · Abidjan-Lagos corridor
GSE
Ghana · Composite Index
5,112
+3.10% WTD
Mkt Cap
$6.2B
YTD
+31.2%
Cedi
+40% in 2025
Post-restructuring rebound · Cedi best EM performer 2025
LuSE
Zambia · Lusaka Securities Exchange
6,520
+2.20% WTD
Mkt Cap
$4.8B
YTD
+14.8%
Copper corridor
Active
Copper sector recovery · Post-restructuring lift
ESX
Ethiopia · Securities Exchange
Nascent
IPO pipeline
Listed cos
3
Ethio Telecom
10% listed
GTI active
AfCFTA pilot
Youngest major exchange · Safaricom Ethiopia listing requirement watch 2026
African Markets · Foreign Exchange

African Currency Dashboard

Live · Refreshes Every 6 Hours
18 Currencies · USD Base · Sources: ExchangeRate-API · CBN · SARB · CBK
NGN (Official)
1,377
per 1 USD · Stable band
ZAR
16.77
per 1 USD
KES
130.40
per 1 USD · CBK active
GHS (Cedi)
11.15
per 1 USD · +40% in 2025
29 currencies weakened
⚠
Middle East shock — AfDB Apr 2026
USD/NGN
Nigeria
1,377
per 1 USD · Official rate
USD/ZAR
South Africa
16.77
per 1 USD
USD/KES
Kenya
130.40
per 1 USD
USD/GHS
Ghana
11.15
per 1 USD
USD/EGP
Egypt
52.61
per 1 USD
USD/ETB
Ethiopia
155.67
per 1 USD · −25% in 2025
USD/TZS
Tanzania
2,578
per 1 USD
USD/MAD
Morocco
9.94
per 1 USD
USD/UGX
Uganda
3,724
per 1 USD
USD/XOF
West Africa (CFA)
614
per 1 USD · BCEAO peg
USD/XAF
Central Africa (CFA)
614
per 1 USD · BEAC peg
USD/AOA
Angola
921
per 1 USD
USD/ZMW
Zambia
26.4
per 1 USD
USD/MZN
Mozambique
63.8
per 1 USD
USD/RWF
Rwanda
1,298
per 1 USD
USD/DZD
Algeria
134.5
per 1 USD
USD/TND
Tunisia
3.08
per 1 USD
USD/SLL
Sierra Leone
24,670
per 1 USD
African Markets · Digital Assets

LBNN Crypto Index

Live · Auto-refreshes 60s
12 Coins · Global Majors + Africa-Relevant Tokens · Live prices in USD · Africa context for each asset · Not investment advice
Bitcoin (BTC)
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24h change
Ethereum (ETH)
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24h change
Global Mkt Cap
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Global market cap
BTC Dominance
~55%
% of total mkt cap
CELO (Africa)
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Africa payments focus
Last refresh
—
Auto every 60s
Global Major Assets
High liquidity · Exchange listed · Africa diaspora remittance use
Global Major
BTC
Bitcoin
Fetching…
—Mkt cap: —
Africa: Top P2P trading in Nigeria, Kenya, SA. Naira/BTC spread = informal FX indicator. Binance P2P dominant NGN channel.
Global Major
ETH
Ethereum
Fetching…
—Mkt cap: —
Africa: African DeFi and tokenised infrastructure projects predominantly on Ethereum or EVM chains. PAPSS potential EVM integration.
Global Major
BNB
BNB (Binance)
Fetching…
—Mkt cap: —
Africa: Binance P2P = dominant crypto→local currency mechanism (NGN, KES, GHS, ZAR). Lower BSC gas costs suit African DeFi users.
Global Major
SOL
Solana
Fetching…
—Mkt cap: —
Africa: High-speed, low-fee chain attracting African fintech builders. NFT ecosystem growing in SA and Nigeria. Speed suits mobile-first users.
Global Major
XRP
Ripple XRP
Fetching…
—Mkt cap: —
Africa: Ripple ODL targets African remittance corridors. RippleNet partnerships with Ecobank and other African banks.
Stablecoin
USDT
Tether USD
Fetching…
Pegged USDMkt cap: —
Africa: Most used stablecoin across Africa. Informal dollarisation in high-inflation markets. Chainalysis: Africa is a top global USDT P2P market.
Africa-Relevant Digital Assets
Direct use cases in African payments, remittances, DeFi, financial inclusion
🌍 Africa Focus
CELO
Celo
Fetching…
—Mkt cap: —
Africa: Built for mobile-first payments. Valora wallet in Kenya, Nigeria, SA. cUSD + cKES stablecoins for local-currency remittances. Most Africa-centric L1 in index.
🌍 Remittance Rail
XLM
Stellar Lumens
Fetching…
—Mkt cap: —
Africa: IBM World Wire + Stellar for Africa cross-border payments. Stellar Dev Foundation actively funds African blockchain projects. PAPSS conceptual overlap.
🌍 Institutional
ALGO
Algorand
Fetching…
—Mkt cap: —
Africa: Algorand partnered with African Union for land registry pilots. CBN studied for eNaira. Carbon credit tokenisation for African climate projects.
DeFi · Layer 2
POL
Polygon (ex-MATIC)
Fetching…
—Mkt cap: —
Africa: Primary chain for African NFT projects + DeFi builders. SA NFT artists and African gaming studios on Polygon. Cheaper gas suits micro-transaction markets.
DeFi · Smart Contracts
AVAX
Avalanche
Fetching…
—Mkt cap: —
Africa: Subnets used for African tokenised real estate + infrastructure. Fast finality suits land title and supply chain provenance use cases.
Oracle · DeFi Infrastructure
LINK
Chainlink
—Mkt cap: —
Africa: Chainlink oracles required for DeFi price feeds including African commodities (gold, cocoa, crude). Infrastructure layer for all African tokenised commodity projects on EVM.
Live prices auto-refresh every 60 seconds. 24h change shown. Prices in USD. Not investment advice.
Africa receives $104.6B in remittances annually (AfDB 2026). Crypto corridors — especially USDT P2P and XRP ODL — compete with bank wires on cost and speed.
Nigeria SEC issued crypto licences 2024. South Africa FSCA registered crypto 2023. Regulatory momentum broadly positive across major African markets.
African Markets · Commodities

Africa-Critical Commodities

Live Where Available
18 Key Commodities · Energy · Metals · Agri · Strategic Minerals · Sources: World Bank · USGS · BMI · Exchange filings
Brent Crude
Reference
$76.40
per barrel
Nigeria · Angola · Libya · Algeria — primary revenue source. Below $80 threshold compressing Dangote IPO margin narrative.
Natural Gas
Reference
$2.85
per MMBtu
Mozambique LNG · Tanzania · Nigeria LNG. Middle East disruption creating alternative demand.
Gold
Live
$3,140
per troy oz
South Africa · Ghana · Mali · Tanzania — top producers. Safe-haven demand elevated amid Middle East conflict.
Platinum
Live
$971
per troy oz
South Africa produces 70% of global supply. Green hydrogen catalyst demand rising. PGM sector key JSE driver.
Copper
Reference
$9,480
per metric ton
Zambia · DRC — major producers. EV supply chain demand structurally bullish. Kwacha / ZMW correlation strong.
Coltan
Strategic · USGS ref
$105
per kg (tantalum content)
DRC produces 70%+ of global supply. Used in capacitors, smartphones, EVs. AfCFTA corridor investment targeted at coltan value chain.
Lithium
Strategic · BMI ref
$11,800
per metric ton (LCE)
Zimbabwe, DRC, Mali have significant reserves. Price down 60% from 2022 peak — structural bottom forming.
Uranium
Strategic · UxC ref
$82
per lb U₃O₈
Niger · Namibia · South Africa. Nuclear renaissance demand thesis. Niger coup disrupted output — Namibia gained share.
Cocoa
Reference
$8,840
per metric ton
Côte d’Ivoire · Ghana — 60% of world supply. Off peak highs.
Coffee (Robusta)
Reference
$4,320
per metric ton
Uganda · Ethiopia · Côte d’Ivoire — major producers. Supply tight.
Palm Oil
Reference
$1,048
per metric ton
Nigeria · Cameroon · Côte d’Ivoire. Food inflation pass-through across West Africa.
Cotton
Reference
$0.83
per lb
Mali · Burkina Faso · Benin · Egypt. AGOA expiry pressure on Sahel textile exporters.
Wheat
Reference
$5.48
per bushel
Egypt largest African importer. North Africa food security variable.
Iron Ore
Reference
$98
per metric ton (62% Fe)
Guinea (Simandou) · South Africa · Mauritania. Simandou transformative — world’s largest untapped deposit.
Cobalt
Strategic · LME ref
$28,400
per metric ton
DRC produces 70% of global supply. Battery cathode material. Central Corridor SGR targets cobalt export capacity.
Sugar (Raw)
Reference
$0.195
per lb
South Africa · Kenya · Egypt · Ethiopia. AfCFTA GTI pilot commodity.
Aluminium
Reference
$2,390
per metric ton
South Africa (Mozal) · Mozambique. Energy-intensive smelting. Power access critical constraint.
LNG (Spot)
Reference
$12.40
per MMBtu (Asian spot)
Mozambique · Tanzania · Nigeria — LNG exporters benefiting from Middle East disruption premium.
African Markets · Monetary Policy

Central Bank Policy Rates

May 2026
9 Major Central Banks · 6 of 9 cutting in 2026 · Sources: CBN · SARB · CBK · BoG · CBE · BoA · BCEAO · BoZ · BCT
Cutting cycle
6 / 9
Banks easing in 2026
On hold
1 / 9
SARB — currency cautious
Highest rate
28.0%
BoG Ghana — still elevated
Lowest rate
6.75%
SARB — advanced economy profile
Central BankRateChangeStatusNote
CBN
Nigeria
26.5%
▼ −50bps Mar’26
Cutting
First cut cycle. FX reserves $48.65B. March inflation cyclical reversal — not structural.
SARB
South Africa
6.75%
— hold
Hold
Inflation 3.2% — cautious on rand vulnerability. Middle East shock constraining easing.
CBK
Kenya
8.75%
▼ 10th cut
Cutting
Inflation 4.4% — soft landing confirmed. Easing supporting KPC IPO demand.
BoG
Ghana
28.0%
▼ easing
Cutting
Post-debt restructuring. Cedi +40% in 2025 — strongest EM currency globally. IMF ECF $3B on track.
CBE
Egypt
27.25%
▼ cut
Cutting
FX stabilising. IMF programme on track. Interest payments = 52% of budget.
BoA
Angola
19.5%
▼ easing
Cutting
Inflation 14.56% Jan — disinflation trend. Oando KON-13 Angola Block active.
BCEAO
West Africa (UEMOA)
5.5%
— hold
Hold
CFA franc pegged to euro — limited independent monetary policy. Sahel instability risk.
BoZ
Zambia
12.5%
▼ −75bps
Cutting
Copper sector recovery driving kwacha strength. Post-restructuring reflation play.
BCT
Tunisia
8.0%
— hold
Hold
Chronic fiscal vulnerability. High debt risk. IMF programme negotiations ongoing.
African Markets · Macro Intelligence

Key Indicators

Institutional Sources · May 2026
Sources: AfDB African Economic Outlook 2026 · IMF WEO April 2026 · World Bank · NBS Nigeria · ECA/UN
Africa GDP Growth (AfDB 2026)
4.3%
AfDB African Economic Outlook 2026 · 4.5% in 2027
AfDB AEO 2026
IMF Africa Growth (April 2026 WEO)
4.2%
Downgraded from 4.5% — Middle East war, aid cuts. Sub-Saharan Africa at 4.3%
IMF WEO April 2026
Africa Avg Inflation 2026
10.3%
Moderating from 13.7% in 2025 · SSA median 5% (IMF)
AfDB / IMF Spring 2026
Nigeria Inflation (March 2026)
15.38%
Cyclical reversal (transport +16.9%) — not structural. 11-month disinflation ended
NBS Nigeria · March 2026
Africa Public Debt / GDP
63%
2025 estimate · Interest payments ~15% of revenue
UN WESP 2026 · World Bank
Intra-African Trade
$220B
2025 · +12.4% vs 2024 · Only 15–18% of total trade vs 60%+ in Asia
AfCFTA Secretariat · ECA Jan 2026
Africa Remittances
$104.6B
2025 · Largest external non-debt financing source — surpassing FDI
AfDB AEO 2026
AfCFTA Members
49 / 54
Ratified · 25 trading under AfCFTA preferential rules · 8,561 certificates of origin
AfCFTA Secretariat · Jan 2026
Nigeria FX Reserves
$48.65B
April 2026 · Naira at N1,377/$ — stable
CBN · April 2026
Africa VC / Tech Funding 2025
$4.1B
+25% YoY · Debt record $1.64B · Kenya led with $1.04B
Partech Africa Report · Jan 2026
Africa Installed Power Capacity
~250 GW
Total continent · Only 82 GW renewable (IRENA 2026) · 600M without electricity
IRENA · IEA 2025/2026
African Banking Revenue
$100B+
Crossed $100B for first time in 2025 · Top 5: Nigeria, SA, Kenya, Egypt, Morocco
McKinsey Africa Banking Q1 2026
Africa Bilateral Aid Decline
−16 to −28%
2025 trend continuing 2026 · Creates $30B+ fiscal gap — capital markets must fill
IMF WEO April 2026 · AfDB AEO 2026
African Markets · Fixed Income

African Sovereign Bond Tracker

Reference · Updated Weekly
6 Major Eurobond Issuers · USD-Denominated · Spread vs US Treasury 10Y · Sources: OECD, Bloomberg, Moody’s, S&P, Fitch · April 2026
Data note: Yield and spread figures are reference estimates. Live real-time bond data requires Bloomberg Terminal / Reuters Eikon. Updated weekly. Not investment advice.
Avg SSA Eurobond Yield
9.2%
2026 YTD average
US Treasury 10Y (ref)
4.45%
Benchmark · April 2026
Avg SSA Spread
+475 bps
Above US Treasury
SSA Eurobond Market
$38B+
2025 inflows · Renewed access
IssuerYield Est.SpreadWTDRating (S&P/Moody’s)OutlookIntelligence
Nigeria2030 · 2032 · 2033 Eurobonds9.65%+520 bps▼ −18 bpsB– / B3StableOil-exporter buffer. FX reserves $48.65B. Dangote IPO prospectus incoming — positive sentiment tailwind.
Kenya2031 · 2034 Eurobonds · $1.5B 202410.25%+580 bps▲ +22 bpsB / B2NegativeDebt-to-GDP 68%. Interest payments ~35% of revenue. Middle East energy shock widening spread.
GhanaPost-restructuring 2027–2037 new bonds11.80%+735 bps▼ −42 bpsCCC+ / Caa1ImprovingG20 restructuring substantially complete. Cedi +40% in 2025. IMF ECF $3B on track.
Egypt2030 · 2032 · 2040 Eurobonds9.80%+535 bps▲ +35 bpsB / B3WatchInterest payments 52% of budget. Hormuz shock transmission → spread widening vs Nigeria.
Côte d’Ivoire2032 · 2037 · $2.6B Jan 20248.50%+405 bps▼ −28 bpsBB– / Ba3StableTightest spread in tracker. Strong fiscal discipline. West Africa sovereign benchmark.
Angola2029 · 2032 Eurobonds · Oil-backed9.40%+495 bps— flatB / B2StableBrent at $76.40 below comfort level. Exploring $165M AfDB budget loan. Oando KON-13 active.
Eurobond Yield vs US Treasury 10Y (4.45% ref) · April 2026 estimates
US Treasury 10Y
4.45%
Côte d’Ivoire
8.50%
Nigeria
9.65%
Angola
9.40%
Egypt
9.80%
Kenya
10.25%
Ghana
11.80%
Spreads vs US Treasury 10Y at 4.45%. 1 bps = 0.01%. Yield up = spread widening (negative for issuer). Not investment advice.
African Markets · Trade Intelligence

AfCFTA Trade Corridor Status

Live Intelligence · May 2026
10 Key Corridors · Friction Score (0=frictionless, 100=impassable) · Sources: AfCFTA Secretariat · AfDB · UNCTAD · PAPSS
Ratified Members
49 / 54
Only Eritrea fully outside
Trading Under AfCFTA
25
Gazetted tariff concessions
Intra-African Trade
$220B
2025 · +12.4% YoY
Trade Share (Intra)
15–18%
vs 60%+ Asia · 70%+ Europe
Certs of Origin
8,561
Issued mid-2025 · Growing
Mombasa – Kampala – Kigali
East Africa · Kenya · Uganda · Rwanda · DRC
Active
~1,650 km
Total
65%
Uganda via KPC
3.2 days
Mombasa dwell
Friction
58/100
PAPSS: Live — Kenya, Uganda, Rwanda. KPC $825M IPO + KES 110B capex plan targets capacity. Dangote refinery exports will route through here.
Lagos – Abidjan Coastal Highway
West Africa · Nigeria · Ghana · Togo · Benin · Côte d’Ivoire
Under Development
1,028 km
Length
$15.6B
Investment interest
2026–2030
Build timeline
Friction
78/100
PAPSS: Pending. AfCFTA Sec-Gen met Abidjan-Lagos Corridor Org Mar 2026 on customs coordination. AfDB funded feasibility.
Johannesburg – Lusaka – Dar es Salaam
Southern–East Africa · SA · Zimbabwe · Zambia · Tanzania
Active
~3,200 km
Total
$12B+
Trade volume
Copper · Gold
Primary cargo
Friction
52/100
PAPSS: Live — SA, Zambia. Copper/critical minerals traffic increasing. Zimbabwe Chirundu border capacity constraint.
Central Corridor SGR (Tanzania–Burundi–DRC)
Central–East Africa · Tanzania · Burundi · DR Congo
Under Development
$696M
AfDB guarantee
$3.9B
Total financing
Standard gauge
Rail type
Friction
82/100
PAPSS: Pending. AfDB $696M guarantee unlocked $3.9B. Critical minerals corridor — coltan, cobalt, lithium from DRC.
Trans-African Highway: Cairo – Cape Town
Pan-African · 9 countries · North to South
Partially Operational
~10,228 km
Total
~62%
Paved
Sudan–Ethiopia
Missing link
Friction
74/100
PAPSS: Pilot — Egypt, Ethiopia, SA active. Sudan conflict severed Sudan–Ethiopia section. Political normalisation required.
Dakar – N’Djamena Trans-Sahel
West–Central Africa · Senegal · Mali · Niger · Chad
Disrupted
~4,500 km
Total
Sahel crisis
Primary constraint
Friction
88/100
PAPSS: Pending — Mali, Niger coups disrupting ECOWAS/AfCFTA integration. Security conditions are the gating factor.
Addis Ababa – Djibouti Rail Corridor
East Africa · Ethiopia · Djibouti
Active
752 km
Rail length
~90%
Ethiopia trade vol
Electric SGR
Type
Friction
48/100
PAPSS: Pilot — Ethiopia onboarding. AfCFTA GTI active. ESX listing pipeline watch.
Maghreb Corridor (Morocco – Egypt)
North Africa · Morocco · Algeria · Tunisia · Libya · Egypt
Partially Operational
~4,800 km
Coastal
Morocco
AfCFTA leader
Libya gap
Critical break
Friction
62/100
PAPSS: Morocco, Egypt live · Algeria, Tunisia pilot. Libya instability creates coastal break.
Luanda – Kinshasa – Brazzaville
Central Africa · Angola · DR Congo · Republic of Congo
Pre-Development
~600 km
Core corridor
Coltan · Cobalt
Primary output
Friction
91/100
PAPSS: Not yet active. Highest-potential / highest-friction corridor in Central Africa. DRC political instability + infrastructure deficit.
Abidjan – Ouagadougou – Niamey
West Africa · Côte d’Ivoire · Burkina Faso · Niger
Disrupted
~1,150 km
Total
Security crisis
Constraint
Friction
94/100
PAPSS: Suspended — Burkina, Niger military governance. Côte d’Ivoire segment operational.
PAPSS
Pan-African Payment and Settlement System: Enables AfCFTA trade in local currencies — reducing USD settlement dependency. As of May 2026, commercial bank onboarding growing across 25+ states. Full PAPSS activation would reduce transaction costs by 30–40% vs current USD-intermediated settlement.
Active — PAPSS live/pilot
Partially Operational
Under Development
Disrupted / Pre-Development
Friction: 0=frictionless · 100=impassable
African Markets · Aviation Intelligence

African Aviation Index

Reference Intelligence · May 2026
9 Major African Carriers · Fleet · Routes · Financial Health · Sources: IATA · CAPA · Airline annual reports · Most carriers state-owned — not publicly traded
Note: Most African carriers are state-owned and not publicly listed. Financial health ratings are editorial assessments based on IATA reports and airline disclosures. Not investment advice.
African Air Passengers
~100M
2025 estimate · IATA
Intra-African Routes
Growing
AfCFTA open skies push
Avg Load Factor
74%
Continental average 2025
Biggest challenge
Fuel costs
Middle East shock · +15% YTD
Ethiopian Airlines
Ethiopia · Addis Ababa hub
Financially Healthy
130+
Fleet size
127+
Destinations
~82%
Load factor
Profitable
Fin. status
Africa’s most profitable carrier. Pan-African hub strategy from Addis Ababa. Dominant on intra-African and intercontinental routes.
Kenya Airways
Kenya · Nairobi hub
Under Restructuring
36
Fleet size
60+
Destinations
~73%
Load factor
Loss-making
Fin. status
Govt-controlled since 2017 bailout. NSE-listed (KQ). Debt restructuring ongoing. Alliance with KLM and Air France-KLM.
EgyptAir
Egypt · Cairo hub
State-Supported
75+
Fleet size
75+
Destinations
~70%
Load factor
State-backed
Fin. status
Star Alliance member. Cairo gateway between Africa and Middle East/Europe. Hormuz disruption affecting fuel cost significantly.
RwandAir
Rwanda · Kigali hub
Growing Strongly
12
Fleet size
30+
Destinations
~80%
Load factor
Profitable
Fin. status
Fastest-growing African carrier. Kigali positioned as pan-African hub competing with Addis Ababa. AfCFTA beneficiary. Fleet expansion ongoing.
FlySafair
South Africa · Johannesburg hub
Financially Healthy
27
Fleet size
Domestic SA
Focus
~88%
Load factor
Profitable
Fin. status
South Africa’s most punctual and cost-efficient LCC. Highest load factor in index. Expansion to regional Southern Africa routes underway.
ASKY Airlines
Togo · Lomé hub · Ethiopian stake
Recovering
10
Fleet size
22
Destinations
~72%
Load factor
Recovering
Fin. status
West Africa’s pan-regional carrier. Ethiopian Airlines holds 40% stake. Sahel instability in key markets creating route disruption.
Fastjet
Tanzania · Dar es Salaam hub
Financial Stress
4
Fleet size
East Africa
Focus
~62%
Load factor
Stressed
Fin. status
LCC model for East Africa. Financial challenges persistent. JSE-listed. Central Corridor SGR could reduce need for short-haul air. Strategic pivot under review.
Air Mauritius
Mauritius · Port Louis hub
Recovering
13
Fleet size
25+
Destinations
~76%
Load factor
Post-reorg
Fin. status
Post-COVID restructuring. Mauritius as Indian Ocean financial hub benefits from AfCFTA services protocol. Tourism recovery driving improvement.
Air Algérie
Algeria · Algiers hub
State-Supported
50+
Fleet size
60+
Destinations
~68%
Load factor
Oil-backed
Fin. status
North Africa hub. Benefits from Algeria’s hydrocarbon revenue for state support. Trans-Sahel connectivity important despite Sahel instability disruption.
African Markets · Infrastructure Intelligence

Infrastructure Investment Index

Disclosed Pipelines · Updated Weekly
Active + pipeline infrastructure commitments · Sources: AfDB · IFC · World Bank · Africa50 · Dealbase.africa · Disclosed deals only
AfDB Infrastructure 2026
$25B+
Annual commitment pipeline
Central Corridor SGR
$3.9B
Tanzania–Burundi–DRC · AfDB
Abidjan–Lagos Highway
$15.6B
Investment interest · 2026–2030
Afreximbank (Dangote)
$2.5B
Largest single industrial commitment
Dangote Petroleum Refinery — Pan-African IPO + Afreximbank Facility
EnergyNigeriaPan-African
$4B+ total
Active · IPO pending
Afreximbank $2.5B underwrites $4B total. 650,000 bpd capacity. IPO prospectus to SEC April — offer May, listing June/July. Pan-African cross-listing (NGX, JSE, GSE, NSE, ESX, BRVM) under review.
Central Corridor Standard Gauge Railway (Tanzania–Burundi–DRC)
RailEast AfricaCritical Minerals
$3.9B
Financing secured
AfDB $696M partial credit guarantee approved 2024 unlocked $3.9B total. Strategic coltan, cobalt, lithium corridor from DRC to Dar es Salaam port. Construction 2025–2030.
Abidjan–Lagos Transnational Coastal Motorway
RoadWest Africa5 Countries
$15.6B interest
Construction commencing 2026
1,028 km linking Abidjan → Accra → Lomé → Cotonou → Lagos. AfDB funded feasibility. $15.6B investment interest from private/institutional partners. 2026–2030 build timeline.
Kenya Pipeline Company Expansion + Capex Plan
Energy InfrastructureEast AfricaAfCFTA corridor
KES 110B (~$852M)
Active · Funded by IPO
KPC $825M IPO proceeds capitalise infrastructure fund + KES 110B 5-year capex. Mombasa–Kampala–Kigali corridor capacity tripling. Monopoly pipe — AfCFTA critical.
Simandou Iron Ore Mine + Rail (Guinea)
RailPortGuineaCritical minerals
$20B+
Under Construction
World’s largest untapped iron ore deposit. 670 km railway + Matakan deep water port. Chinese investment (SMB-Winning consortium) + Rio Tinto. First ore expected 2025–2026.
Africa Digital Infrastructure — PAPSS + AfCFTA e-Tariff Systems
DigitalPan-AfricanAfCFTA
$712B potential
Active · Rolling out
PAPSS — payment settlement across 25+ African markets in local currencies. AfCFTA e-Tariff Book operational. Full PAPSS cuts transaction costs 30–40%.
South Africa – Mozambique Gas Pipeline + LNG Infrastructure
LNGSouthern Africa
$4.5B+
Pipeline / Planning
Mozambique LNG offshore (Area 1, Area 4 — $20B+ total). South Africa gas expansion. Middle East disruption elevating LNG demand. Oando KON-13 Angola Block signals intra-African energy integration accelerating.
Nigeria Solar Mini-Grid Programme
Solar · Off-gridNigeriaIDA funded
$750M
Active
World Bank IDA funded. Targeting 200,000 new electricity connections via solar mini-grids. Addresses Nigeria’s persistent grid deficit. SolarAfrica and Sun King raising in parallel ecosystem.
African Markets · Venture Intelligence

Africa Startup / VC Index

2025–2026 Deals · Institutional Sources
Notable rounds · Lead investors · Sectors · Sources: Partech Africa 2025 Report (Jan 2026) · Briter Bridges · TechCabal Insights · Disrupt Africa
Africa Tech Funding 2025
$4.1B
+25% YoY · Partech Africa
Record debt financing
$1.64B
+63% YoY · 107 debt deals
Top ecosystem 2025
Kenya
$1.04B raised · +72% YoY
Q1 2026 funding
$575M
58 deals · Jan–Feb 2026
Big 4 share
72%
Kenya · SA · Egypt · Nigeria
Note: Only publicly disclosed rounds included. Values from Partech Africa 2025 Annual Report, Briter Bridges, TechCabal Insights, and company announcements.
SolarAfrica
Clean Energy · C&I Solar · Pan-African
$94M
Round size
Equity
Type
Feb 2026
Date
Largest Q1 2026 energy round. Commercial & industrial solar across Africa. Addresses structural power deficit in Energy Index.
Spiro
Electric Mobility · EV Motorcycles · West Africa
$57M
Round size
Series B
Stage
Feb 2026
Date
Electric motorcycle conversion — two-wheel transport decarbonisation in West Africa. AfCFTA trade corridor logistics play.
GoCab
Ride-hailing · Urban Mobility · East Africa
$45M
Round size
Series A
Stage
Feb 2026
Date
East Africa ride-hailing. Kenya urbanisation and NSE capital market growth creating middle-class mobility demand.
Breadfast
Food Delivery · Agri-tech · Egypt
$50M
Round size
Series B
Stage
Feb 2026
Date
Egypt food delivery platform. IMF programme stabilising EGP — consumer confidence returning.
Terra Industries
Defence Tech · Advanced Manufacturing · Nigeria
$33M+
Round size
Two deals
Structure
Q1 2026
Date
Nigerian defence technology — rare deep tech / defence play. Signals ecosystem maturation beyond fintech/logistics.
d.light
Off-grid Solar · Energy Access · East Africa
$300M
Debt raise
Debt
Type
2025
Date
Record off-grid solar debt facility. Addresses 600M Africans without electricity access. Debt now 41% of all African tech capital.
Sun King
Solar PAYG · Energy Access · Pan-African
$236M
Debt raise
Debt
Type
2025
Date
Pay-as-you-go solar across 10+ African markets. SSA captured only 2.3% of global renewable investment — Sun King addressing structural gap.
Flutterwave
Fintech · Payments · Pan-African
$3B+
Valuation (est)
Series D watch
Stage
Q3 2026
Expected window
Series D discussions at $3B+ valuation ongoing. Dangote IPO halo effect creating positive sentiment for Nigerian tech assets.
Wave
Mobile Money · Francophone Africa
$1.7B
Valuation
Growth stage
Stage
Partech-backed
Lead investor
Mobile money disrupting MTN MoMo and Orange Money in West Africa. PAPSS and AfCFTA digital trade potential upside.
Lovegrass
Agri-tech · Ethiopia
$5M
Round size
Early stage
Stage
Feb 2026
Date
Ethiopian agritech — part of Feb 2026 agri recovery signal. AfCFTA GTI active for Ethiopia agricultural exports to Kenya corridor.
2025: Africa tech funding $4.1B (+25% YoY). Debt record $1.64B (+63%). 107 debt deals (+39%). Source: Partech Africa Report, Jan 2026.
Q1 2026: $575M across 58 deals (Jan–Feb). Logistics/transport led Feb ($119.6M). Energy/water $94M. Fintech $54.1M. Source: TechCabal Insights.
African Markets · Energy Intelligence

African Energy Index

Installed Capacity · IRENA / IEA Reference
18 Major African Markets · Installed Capacity (MW) · Renewable % · Access Rate · Sources: IRENA 2025 · IEA Africa Electricity · AfDB
Africa Total Installed
~250 GW
Continent total · IEA estimate
Renewable Capacity
~82 GW
1.6% of global renewables · IRENA 2026
Without electricity
600M
Sub-Saharan Africa · IEA
2030 target
300 GW
Africa Renewable Energy Initiative
Investment gap
$18B/yr
SSA got $18B vs $90B+ needed
Framing note: This index shows installed capacity (maximum output possible) per country. A low access rate despite high capacity indicates distribution and last-mile infrastructure deficit.
Country
Installed Cap.
Renewable %
Access Rate
Key Source · Context
Status
South Africa
~58,000 MW
~18% renew
~84% access
Coal dominant (Eskom). Solar/wind growing fast post-Eskom crisis. IRP 2023 targets 80GW renewables by 2032.
Transitioning
Egypt
~60,000 MW
~25% renew
~100% access
Largest installed in Africa. Benban solar park world’s largest. Gas significant. Exporting to Sudan and Libya.
Net Exporter
Nigeria
~13,000 MW
~22% renew
~60% access
Grid losses: only ~4,000 MW actually delivered. $750M solar mini-grid (World Bank). Dangote refinery + LNG exports.
Grid deficit
Ethiopia
~5,400 MW
~97% renew
~45% access
GERD 6,450 MW total capacity (partially operational). Highest renewable % in tracker. Exports to Kenya, Djibouti.
Net Exporter
Kenya
~3,800 MW
~92% renew
~75% access
Geothermal leader (Olkaria — 900+ MW). Wind (Lake Turkana 300 MW). East Africa power pool active.
Expanding
Morocco
~14,400 MW
~45% renew
~100% access
Noor Ouarzazate solar (580MW, world’s largest CSP). AfCFTA hub with green energy export ambitions to Europe.
Net Exporter
Angola
~7,500 MW
~65% renew
~46% access
Inga III potential (up to 11,000 MW additional). Hydro dominant. IRENA: favourable solar/wind zones mapped.
High potential
Tanzania
~3,900 MW
~58% renew
~43% access
Julius Nyerere Hydro (2,115 MW) nearing completion. Dar es Salaam port Central Corridor SGR terminus. LNG offshore (Block 1-4).
Transforming
Algeria
~25,000 MW
~8% renew
~100% access
Gas dominant (Hassi R’Mel). Major gas exporter to Europe via pipeline. Sahara solar potential enormous — largely untapped.
Gas Exporter
Ghana
~5,300 MW
~40% renew
~85% access
Akosombo hydro backbone. Regional exporter to Togo, Benin, Burkina. GSE recovery creating energy investment conditions.
Regional hub
Mozambique
~2,900 MW
~88% renew
~32% access
Cahora Bassa hydro (2,075 MW) — major regional exporter to SA and Zimbabwe. LNG offshore transformative (Area 1, Area 4).
Hydro Exporter
Zambia
~3,900 MW
~85% renew
~47% access
Kariba Dam (Zambia share ~1,080 MW). Drought reducing hydro output — forcing load shedding. Copper mining critical electricity consumer.
Drought stress
Senegal
~1,500 MW
~30% renew
~70% access
Sangomar oil field (first offshore oil 2024) — game changer. Gas from Mauritania (GTA) project transforming energy mix.
Oil transition
DR Congo
~2,800 MW
~99% renew
~19% access
Grand Inga potential 40,000+ MW — would be world’s largest hydro. Political instability blocking development. Lowest access rate despite enormous potential.
Untapped giant
Rwanda
~310 MW
~55% renew
~66% access
Small but rapidly growing. Methane gas (Lake Kivu) unique source. RSE green bond issued. Kigali MICE economy driving commercial solar.
High efficiency
Uganda
~2,000 MW
~90% renew
~41% access
Karuma (600 MW) + Isimba (183 MW) hydro. East African power pool exporter. EACOP oil pipeline (first oil 2025). Mombasa corridor — 65% of KPC throughput.
Expanding
Namibia
~600 MW
~72% renew
~55% access
Green hydrogen potential enormous (Hyphen Hydrogen Energy). Uranium mining (Rössing, Husab) benefiting from Niger disruption. Renewables growth fastest on continent.
Green H₂ hub
Côte d’Ivoire
~2,400 MW
~35% renew
~70% access
West Africa power pool regional exporter. Gas and hydro dominant. BRVM anchor — Abidjan corridor. Cocoa processing electrification needed.
Regional hub
Sources: IRENA Renewable Capacity Statistics 2025 · IEA Africa Electricity · IEA World Energy Investment 2025 · AfDB · Reference data end-2024.
Africa renewable capacity = 82 GW (1.6% of global 5,149 GW). SSA captured only 2.3% of global renewable investment in 2024 ($18B vs $90B+ needed). Source: IRENA 2025.
Installed capacity ≠ generation. Nigeria’s 13,000 MW delivers only ~4,000 MW to grid due to gas supply and distribution failures. Access rate = % population with electricity connection (World Bank / IEA).

LBNN African Markets — Comprehensive market intelligence for African business leaders, policymakers, and diaspora investors. Data sourced from IMF, AfDB, World Bank, IRENA, IEA, OECD, AfCFTA Secretariat, Partech Africa, Briter Bridges, NBS, CBN, SARB, CBK, IATA, Wood Mackenzie, and exchange filings. Live data refreshes every 6 hours. Reference data updated weekly. Not investment advice. Always verify with primary sources before any investment decision.

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