🇳🇬USD/NGN 1,380 ▼0.4%·🇿🇦USD/ZAR 17.52 ▲0.3%·🇰🇪USD/KES 129.4 0.0%·🇬🇭USD/GHS 11.19 ▼0.1%·🇪🇬USD/EGP 49.67 ▲0.2%·🇲🇦USD/MAD 9.94 0.0%·🥇GOLD $4,095 ▲0.4%·🛢️BRENT $81.8 ▼2.1%·🍫COCOA $5,924 ▼0.3%·BITCOI $64,385 ▼0.7%·🇳🇬NGX ASI 219,587 ▲0.61%·🇿🇦JSE ASI 110,355 ▲0.79%·🇪🇬EGX 30 52,679 0.0%·🇰🇪NSE ASI 235.10 ▲0.15%·🇬🇭GSE-CI 15,385 ▲0.14%·🌍S&P 500 6,428 ▲0.22%·🇳🇬USD/NGN 1,380 ▼0.4%·🇿🇦USD/ZAR 17.52 ▲0.3%·🇰🇪USD/KES 129.4 0.0%·🇬🇭USD/GHS 11.19 ▼0.1%·🇪🇬USD/EGP 49.67 ▲0.2%·🇲🇦USD/MAD 9.94 0.0%·🥇GOLD $4,095 ▲0.4%·🛢️BRENT $81.8 ▼2.1%·🍫COCOA $5,924 ▼0.3%·BITCOI $64,385 ▼0.7%·🇳🇬NGX ASI 219,587 ▲0.61%·🇿🇦JSE ASI 110,355 ▲0.79%·🇪🇬EGX 30 52,679 0.0%·🇰🇪NSE ASI 235.10 ▲0.15%·🇬🇭GSE-CI 15,385 ▲0.14%·🌍S&P 500 6,428 ▲0.22%

African SME Pulse

Live · Nigeria
Week 32 · 2026
Markets on sample · updated 19:20CEO Brief published 3 AugConfidence Pulse Q3 fieldwork openIndustry Index updated yesterday
Business Confidence
71
▲ 3 pts vs last month

Why it matters: Sentiment is turning up — a window where customers commit and expansion plans get approved.

Headline Inflation
17.8%
▼ easing · 4th month

Why it matters: Input-cost rises should slow next quarter — but fixed supplier contracts may delay the relief you feel.

Naira / USD
₦1,380
▼ 0.4% this week

Why it matters: If you import stock or inputs, budget for slightly higher landed costs into next month's pricing.

PMI · Stanbic IBTC
52.4
▲ expansion territory

Why it matters: Above 50 means private-sector activity is growing — demand conditions are broadly supportive right now.

Risk Watchlist What to watch

⚠️FX Volatility (Naira)High
Energy & Diesel CostsMedium
🛒Consumer SpendingWeakening
🏦Credit ConditionsTight
📦Supply ChainStable

Commodities vs USD

🥇Goldper troy oz$4,095▲0.4%
🛢️Brent Crudeper barrel$81.8▼2.1%
🍫Cocoaper tonne$5,924▼0.3%
BitcoinBTC / USD$64,385▼0.7%

SME Sentiment Confidence Pulse · Pilot

Hiring Intent64 ▲
Consumer Demand48 ▼
Credit Access41 ▲
Cost Pressure73 ▲

Stock Indices — Africa's five largest exchanges + global anchor Close / sample

🇳🇬NGX ASI
219,587
▲0.61%
🇿🇦JSE ASI
110,355
▲0.79%
🇪🇬EGX 30
52,679
0.0%
🇰🇪NSE ASI
235.10
▲0.15%
🇬🇭GSE-CI
15,385
▲0.14%
🌍S&P 500
6,428
▲0.22%

FX on labelled sample (add EXCHANGERATE_API_KEY to go live). Bitcoin live via CoinGecko; gold/Brent/cocoa on sample until a commodities provider key is set. Confidence & sentiment from the GrowthIntel SME Confidence Pulse (pilot, Q4 2026); inflation & PMI from NBS / CBN / Stanbic IBTC (latest published). Commodities shown for their direct bearing on African operators — diesel & freight (Brent), cocoa exports (Ghana / Ivory Coast / Nigeria), reserves & mining (Gold), and digital-asset markets (Bitcoin). Indices: NGX, JSE, EGX, NSE, GSE plus the S&P 500 as a global anchor — some African indices are end-of-day ("close") until a live provider (e.g. Mansa Markets) key is set.

The intelligence platform African business leaders consult before they decide.

Today · 3 developments that matter

Today's Intelligence

Curated daily · no scrolling
MONETARY06:14 WAT

Inflation eases for a fourth month, but rate cut unlikely before Q4

Headline inflation fell 60bps, yet the MPC has signalled it wants sustained easing before moving on the 26.25% policy rate.

→ Borrowing stays expensive this quarter. Hold off on rate-sensitive expansion.

ENERGY05:50 WAT

Brent slips below $82 as Hormuz talks progress

A possible interim deal to reopen the strait pulled crude down — the first sign of relief on freight and diesel in weeks.

→ Watch pump prices. A sustained fall would ease your logistics line by month-end.

EXPORTSYesterday

Ghana projects 16% cocoa output drop for 2026/27

COCOBOD cites weather, disease and illegal mining — cocoa held near $5,900/tonne, a three-week high.

→ Confectionery & agro-processors: lock supply now; prices likely to firm.

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EDITION №01 · MONDAY, 3 AUGUST 2026

Inflation is easing — so why are your suppliers still raising prices?

Headline inflation fell for the fourth straight month, but input costs for restaurants, retailers and manufacturers are still climbing. This week: the lag, which categories reprice first, and the two questions to put to your top suppliers before Friday.

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78
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58
05
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52
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47
07
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39
08
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34

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