A weekly round-up of P2P Bitcoin trading volumes across the top 10 African markets on LocalBitcoins. Charts showing long term trends can be found here.

• Africa Combined: For the week ended 25 September, Africa Combined* volume on LocalBitcoins was $1.37 million, which represented a 2% improvement on the previous week’s volume of $1.34 million. Transactions came in at 4,832 for the week ended 25 September, which represented a 4% decline on the previous week’s count of 5,027.

• Nigeria: Nigeria’s volume for the week ended 25 September was $471.1K, which represented a 19% improvement on the previous week’s volume of $396.4K. It’s been a while since we saw Nigeria make a big weekly move up like this. Could this be a signal of return to form for Nigeria after a rough couple of months? We’ll have to wait and see. Transactions came in at 1,404 for the week ended 25 September, which represented a 1% improvement on the previous week’s count of 1,393.

• South Africa: SA’s volume for the week ended 25 September was $499.6K, which represented a 4% decline on the previous week’s volume of $517.8K. Transactions came in at 1,074 for the week ended 25 September, which represented a 6% decline on the previous week’s count of 1,139.  The gap between Nigeria and SA for the top spot in YTD volume terms now sits at $1.17 million as of the week ended 25 September, down from $1.20 million in the previous week.

• Kenya: Kenya’s volume for the week ended 25 September was $266.3K, which represented a 6% improvement on the previous week’s volume of $251.5K. Transactions came in at 1,561 for the week ended 25 September, which represented a 5% decline on the previous week’s count of 1,642 and a new low for 2022.

• Morocco: Morocco’s volume for the week ended 25 September was $18.3K, which represented a 32% decline on the previous week’s volume of $26.8K. Transactions came in at 101 for the week ended 25 September, which represented a 9% decline on the previous week’s count of 111.

• Tanzania: TZ’s volume for the week ended 25 September was $40.6K, which represented a 33% decline on the previous week’s volume of $60.4K. Transactions came in at 195 for the week ended 25 September, which represented an 11% decline on the previous week’s count of 218.

• Egypt: Egypt’s volume for the week ended 25 September was $32.0K, which represented a 21% decline on the previous week’s volume of $40.7K. Transactions came in at 142 for the week ended 25 September, which represented a 1% improvement on the previous week’s count of 141.

• Botswana: Botswana’s volume for the week ended 25 September was $19.9K, which represented a 13% decline on the previous week’s volume of $23.0K. Transactions came in at 203 for the week ended 25 September, which represented a 6% decline on the previous week’s count of 216.

• Zambia: Zambia’s volume for the week ended 25 September was $8.3K, which represented a 23% improvement on the previous week’s volume of $6.7K. Transactions came in at 41 for the week ended 25 September, which represented a 20% decline on the previous week’s count of 51.

• Angola: Angola’s volume for the week ended 25 September was $2.2K, which represented a 758% improvement on the previous week’s volume of $259. Transactions came in at 4 for the week ended 25 September, which represented a 20% decline on the previous week’s count of 5.

• Ghana: Ghana’s volume for the week ended 25 September was $467, which represented a 91% decline on the previous week’s volume of $5.2K. Transactions came in at 16 for the week ended 25 September, which represented a 78% improvement on the previous week’s count of 9.

* Africa Combined is the aggregate of 20 African markets on LocalBitcoins that we currently aggregate data on. USD volumes are USD equivalent, meaning they are converted from local currency volumes.  

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