Exchange Data International (EDI), a provider of global securities data, announced today the launch of its latest service, AFED, an unrivalled reference source of macroeconomic and financial data for all 54 countries in Africa.
For the first time, this new service provides AFED's clients and subscribers - anyone who has an interest in Africa - with direct access to a comprehensive suite of Africa centric economic and financial data. AFED combines EDI's 20 years' experience in data aggregation and delivery with the expertise of analysts specializing in African political and economic sovereign risk.
The macroeconomic database currently covers more than 15,000 key economic and financial data indicators captured from 89 multilateral sources. These include Investment Real GDP by sector, domestic and external debt, grants, Consumer Prices, employment figures and industry related indicators such as gold and car production. AFED reports these figures as published by the source leaving clients the choice to adjust if required.
AFED is the only database that enables clients to efficiently compare sources on the same indicator; all data collected is normalised and classed into thirteen main groups (e.g. National Accounts, Inflation, Prices & Wages, Politics, Government & Society etc...). Subscribers can easily retrieve any and all data points of interest, whether directly from the online platform or via MS Excel using AFED's integrated plug-in.
In addition to the macroeconomic data, EDI has grouped a number of its established datasets under a Capital Market module, providing subscribers with detailed African market data in one dedicated place. This Module comprises Equity and Listed Bond prices, Credit Ratings, Fixed Income reference data, Stock Exchange Indices and FX and Interest rates.
"In recent years, EDI has seen a growing interest in its African coverage of equities and bonds and noticed a gap in the market for a consolidated source of macroeconomic data to support investment decisions. This project required a lot of in-depth research to ensure the final product not only delivers in terms of coverage but also ease of use" - Jonathan Bloch, CEO at EDI..
For those organisations and individuals already with or now seeking an African footprint, and who understand the need for good information in order to make good decisions, AFED provides direct access to standardised, consolidated, comprehensive, collated and clear data of both depth and accuracy derived only from trusted, named sources.