The Brazzaville Turn: Africa’s Financial Sovereignty Moves from Rhetoric to Reality
NAFAD addresses a stark economic irony: while Africa faces an estimated $400 billion annual development financing gap, the continent simultaneously sits on roughly $6 trillion worth of natural resources and over $4 trillion in underutilized domestic savings and assets held across banks, pension funds, and sovereign wealth funds.
Defensive Positioning Ahead of Mid-Year Liquidity Surge
Liquidity Pulse: The OMO auction held on May 29, 2026, indicated a persistent liquidity overhang with offers being oversubscribed by 1.13x, 2.39x, and 8.63x for the 11-, 39-, and 102-day bills, respectively. The 11- and 103-day bill were sold with stop rates higher at 21.80%(+23bps) and 20.37%(+40bps).