A Ukrainian tank in Lugansk region to face Russian forces in a war that has dealt a major blow to the global economy, hurting growth, raised prices and fed inflation. PHOTO | AFP
African stockmarkets are counting losses as global economic crisis triggered by the Russian invasion of Ukraine weighs heavily on frontier and emerging economies leading to massive selloffs by foreign investors.
Latest quarterly market report by analysts at Africanfinancials shows that the market value of top 30 companies listed on sub-Saharan Africa’s (excluding South Africa’s) stockmarkets fell by 4.7 percent ($4.5 billion) to $92.04 billion from $96.57 billion during the 12 months period to August this year.
