“…By taking a distinct focus from the previous studies that only focused on connectedness between either African stocks [61,62] or commodities [34,48,63] or between commodities and African stock markets [29,46], our study provides fresh evidence about the multiscale information flow between global commodities and African equities markets. Our findings corroborate the existing works that emphasise the essence of dynamic estimators as opposed to static measures in examining the interdependencies between either commodity classes only (see, e.g., [36][37][38][39][40]) or between commodities and other traditional assets (see, e.g., [34,41,42]). More importantly, our findings corroborate those of Tiwari et al [36] who found that the efficiency levels of commodity markets are nonhomogeneous for different commodities.…”