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

• Africa Combined: For the week ended 9 October, Africa Combined* volume on LocalBitcoins was $1.58 million, which represented a 7% decline on the previous week’s volume of $1.69 million. As expected after last week’s outsized move, South Africa’s volume pulled back sharply. This pullback was tempered at the Africa level because Nigeria and Kenya’s volumes continued to move up this week. Transactions came in at 5,139 for the week ended 9 October, which represented a very slight decline of 0.04% on the previous week’s count of 5,141.

• Nigeria: Nigeria’s volume for the week ended 9 October was $524.9K, which represented a 4% improvement on the previous week’s volume of $504.6K. This marks four consecutive weeks of growing volume for Nigeria. Transactions came in at 1,418 for the week ended 9 October, which represented a 1% decline on the previous week’s count of 1,428.

• South Africa: SA’s volume for the week ended 9 October was $551.2K, which represented a 26% decline on the previous week’s volume of $744.1K. Transactions came in at 1,085 for the week ended 9 October, which represented a 5% decline on the previous week’s count of 1,144. The gap between Nigeria and SA for the top spot in YTD volume terms now sits at $904.0K as of the week ended 9 October, down from $930.4K in the previous week.

• Kenya: Kenya’s volume for the week ended 9 October was $332.8K, which represented a 14% improvement on the previous week’s volume of $293.1K. Similar to Nigeria, Kenya has now seen four consecutive weeks of growing volume. Transactions came in at 1,847 for the week ended 9 October, which represented a 10% increase on the previous week’s count of 1,672.

• Morocco: Morocco’s volume for the week ended 9 October was $23.3K, which represented a 22% decline on the previous week’s volume of $29.8K. Transactions came in at 93 for the week ended 9 October, which represented a 5% decline on the previous week’s count of 98.

• Tanzania: TZ’s volume for the week ended 9 October was $68.0K, which represented a 35% improvement on the previous week’s volume of $50.4K. Transactions came in at 216 for the week ended 9 October, which represented a 10% decline on the previous week’s count of 240.

• Egypt: Egypt’s volume for the week ended 9 October was $19.2K, which represented an 8% decline on the previous week’s volume of $17.9K. Transactions came in at 114 for the week ended 9 October, which represented a 10% decline on the previous week’s count of 127.

• Botswana: Botswana’s volume for the week ended 9 October was $21.4K, which represented a 13% decline on the previous week’s volume of $24.5K. Transactions came in at 210 for the week ended 9 October, which represented a 15% decline on the previous week’s count of 248.

• Zambia: Zambia’s volume for the week ended 9 October was $7.9K, which represented a 20% decline on the previous week’s volume of $9.9K. Transactions came in at 48 for the week ended 9 October, which represented a 6% decline on the previous week’s count of 51.

• Angola: Angola’s volume for the week ended 9 October was $2.3K, which represented a 50% decline on the previous week’s volume of $4.6K. Transactions came in at 13 for the week ended 9 October and were unchanged from the previous week’s count of 13.

• Ghana: Ghana’s volume for the week ended 9 October was $877, which represented a 51% decline on the previous week’s volume of $1.8K. Transactions came in at 7 for the week ended 9 October, which represented a 68% decline on the previous week’s count of 22.

* 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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