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 13 November, Africa Combined* volume on LocalBitcoins was $1.23 million, which represented a 21% decline on the previous week’s volume of $1.55 million and created a new low for 2022. Transactions came in at 4,517 for the week ended 13 November, which represented a 9% decline on the previous week’s count of 4,946 and created a new low for 2022.

Nigeria: Nigeria’s volume for the week ended 13 November was $349.7K, which represented a 27% decline on the previous week’s volume of $478.3K. Transactions came in at 1,253 for the week ended 13 November, which represented an 16% decline on the previous week’s count of 1,496.

South Africa: SA’s volume for the week ended 13 November was $409.2K, which represented a 36% decline on the previous week’s volume of $642.4K. Transactions came in at 988 for the week ended 13 November, which represented a 21% decline on the previous week’s count of 1,252. The gap between Nigeria and SA for the top spot in YTD volume terms now sits at $197.5K as of the week ended 13 November, down from $257.1K in the previous week.

Kenya: Kenya’s volume for the week ended 13 November was $362.6K, which represented a 26% improvement on the previous week’s volume of $288.6K. Transactions came in at 1,656 for the week ended 13 November, which represented a 12% improvement on the previous week’s count of 1,482.

Morocco: Morocco’s volume for the week ended 13 November was $11.1K, which represented a 60% decline on the previous week’s volume of $28.1K. Transactions came in at 45 for the week ended 13 November, representing a 13% improvement on the previous week’s count of 40.

Tanzania: TZ’s volume for the week ended 13 November was $31.9K, which represented a 20% decline on the previous week’s volume of $40.1K. Transactions came in at 163 for the week ended 13 November, which represented a 10% decline on the previous week’s count of 182.

Egypt: Egypt’s volume for the week ended 13 November was $14.8K, which represented a 16% decline on the previous week’s volume of $17.7K. Transactions came in at 89 for the week ended 13 November, which represented a 2% decline on the previous week’s count of 91.

Botswana: Botswana’s volume for the week ended 13 November was $14.8K, which represented a 36% decline on the previous week’s volume of $23.0K. Transactions came in at 150 for the week ended 13 November, which represented a 31% decline on the previous week’s count of 218.

Zambia: Zambia’s volume for the week ended 13 November was $7.1K, which represented a 25% decline on the previous week’s volume of $9.5K. Transactions came in at 46 for the week ended 13 November, which represented a 30% decline on the previous week’s count of 66.

Angola: Angola’s volume for the week ended 13 November was $1.3K, which represented a 27% decline on the previous week’s volume of $1.8K. Transactions came in at 14 for the week ended 13 November, which represented no change against the previous week’s count of 14.

Ghana: Ghana’s volume for the week ended 13 November was $1.6K, which represented a 172% improvement on the previous week’s volume of $596. Transactions came in at 16 for the week ended 13 November, which represented an 81% improvement on the previous week’s count of 29.

* 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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