Market Atlas, LLC (MA) has launched a pair of benchmark indexes, measuring the performance of a basket of African currencies against the U.S Dollar and the United Kingdom Pound Sterling.

The M.A.USD Africa Currency Index and the M.A. GBP Africa Currency Index cover a universe of 27 currencieswith an aggregate market of 1.35 billion people and are the first African currency indexes independent of banks and other market participants.

“The strong growth in African economies will see elevated participation from the African middle class.  The growth of the African middle class will require increased long-term and sustainable financing of market participants that cater to this market segment, particularly investors in currency, real estate, equity, and bond markets”, said Justin Mahwikizi, Chief Executive Officer of Market Atlas, LLC.

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“The M.A. Africa Currency Index series has clear, publicly available index rules, which makes these growing markets more transparent for domestic and international investors, who can use them as reliable benchmarks for managing currency and to some extent sovereign risk.”

The M.A. Africa Currency Indexes enable investors to gauge developments in Africa’s fastest growing markets, and make investment allocation decisions on a Pan African basis. The MA currency indices are calculated daily using midpoint prices.

Akin Sawyerr, Chief Strategy Officer, also indicated that Market Atlas will be developing and making available a suite of equity and bond indices that provide even deeper insight into the performance of African investment opportunities relative to other international indices and markets.  Mr. Sawyerr stated that, “Our intention is to provide an independent and transparent view into African Markets, and provide investors with clear insights in how to participate in the African story while adequately protecting and hedging their risk”.

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