The Central Bank of Egypt, as chair of the African Financial Stability Committee’s report working group, has prepared and published the first Africa-wide financial stability report. Covering 46 countries that represent 85% of African states, 84% of the continent’s population and 90% of its gross domestic product, the report provides a common framework for assessing financial risks and macroprudential policy across the continent. The report found that African central banks had implemented an average of 61% of international best practices in their financial stability frameworks in 2024, while the African financial stability index stood at 0.55, supported by improved banking-sector performance. Economic growth averaged 3.2%, and financial-system assets reached 126% of continental GDP. Banks accounted for 63% of total financial assets and maintained prudential indicators above Basel regulatory requirements, including an average capital adequacy ratio of 19.7%. Equity market capitalization reached 56% of GDP, while mobile wallets, digitalization and regional payment initiatives continued to expand.
Central Bank of Egypt2026-07-30
Central Bank of Egypt publishes first Africa-wide financial stability report covering 46 countries
The Central Bank of Egypt has published the first Africa-wide financial stability report, covering 46 countries representing 90% of the continent’s GDP. The report found average implementation of 61% of international best practices and a financial stability index of 0.55 for 2024. Banks remained dominant and reported an average capital adequacy ratio of 19.7%.