The Covid-19 pandemic has spread across the world and these effects have shaken all economies. A year after the onset of this modern-day disaster, Africa's financial markets are showing some resilience.

Economic recovery is well under way. In Africa, African states are all the more under pressure as their room for manoeuvre remains limited. The downgrade of Ethiopia's rating and, at the same time, the raising of Benin's by Moody's clearly indicates that the G20 initiative is not yet a consensus within the private investor community. Domestic financial markets are conducted by bonds and eurobonds

At the level of the UEMOA Regional Securities Exchange, the composite BRVM closed the session of 11 March with an increase of 0.48% led by Bank Of Africa Mali (+ 7.2%), Bank Of Africa Senegal (+ 5.52%) and Bank Of Africa CI (+ 4.35%), which thus recorded the largest increases of the session.

In Casablanca, the MASI (composite) staggered, ending the session with a — 0.03% on low volumes. In Tunisia, Tunindex won 0.47% at 6,820.97 points in a trade volume of 4.4 million dinars (1 dollar = 2.75 Tunisian dinars), driven by bank stocks

At the Nigeria Stock Exchange, news is dominated by the initial public offering of the market manager, the Nigerian Exchange Group Plc ('NGX Group'). On the Johannesburg Stock Exchange (JSE), the composite index rose by 0.6%