The Afreximbank Commodity Index AACI 2023-H2

The recurrence of adverse shocks in commodity terms of trade has severely constricted growth in African economies, which continue to depend heavily on primary commodities and natural resources for foreign exchange earnings. This makes it crucial for businesses and policymakers alike to consistently monitor trends in the region’s key commodity markets. The African Export–Import Bank (Afreximbank) African Commodity Index (AACI) accurately reflects the composition of African commodities and tracks the movements of commodity prices on a biannual basis. In so doing, the AACI highlights areas that require preemptive measures by the Bank, its key stakeholders, policymakers, and global institutions interested in the African market, to effectively mitigate risks associated with volatility in commodity prices.