In the face of the global energy crisis, financial markets in sub-Saharan Africa are showing mixed resilience. Stock returns are on the rise, while the decline in the value of national currencies signals the existence of negative pressures.

Energy and commodity prices have pushed the world to the brink of new crises since the start of 2021. In sub-Saharan Africa, the main indices that represent stock markets posted a positive annual performance at the end of the month. September 2021. According to the Ecofin Agency, Zambia is the country whose stock market index has seen the strongest growth (+59%) over the period analysed. It is followed by Ghana (+42.1%), Tanzania (+27.4) and the Regional Stock Exchange (BRVM) based in Côte d'Ivoire (+26.56%) which closes the group performers with more than 20% potential gains for investors. Sub-Saharan Africa is likely to experience new pressure on remittances from its migrants, which are an important source of foreign currency income. The World Bank estimates that in 2020, remittances brought the region $42 billion, although down 12.5% from those in 2019.