Zimbabwe’s stock exchange has been a standout performer, with its industrial index surging by 124.2% in 2017. Despite economic challenges and currency issues, the ZSE has shown resilience, driven by investor optimism following political changes. Analysts view Zimbabwe as a high-potential market, though currency risks remain a concern.
Malawi Stock Exchange (MSE)
The Malawi Stock Exchange topped the charts in 2017 with a 56% increase in its index. This remarkable growth was fueled by improved investor confidence and macroeconomic stability. The MSE continues to attract attention as a high-growth market in Southern Africa.
Ghana Stock Exchange (GSE)
Ghana’s stock exchange recorded a 43.8% rise in its index, making it one of the best-performing exchanges on the continent. The GSE’s growth has been supported by a stable political environment and strong economic fundamentals, particularly in the banking and manufacturing sectors.
Uganda Securities Exchange (USE)
Uganda’s stock exchange saw a 30.7% increase in its index, driven by strong performances in the financial and agricultural sectors. The USE is increasingly becoming a hub for East African investments, with a focus on sustainable growth.
Johannesburg Stock Exchange (JSE)
As Africa’s largest stock exchange, the JSE remains a key player, with its all-share index rising by 29.7% in 2017. The JSE offers diverse investment opportunities, from mining to technology, and continues to attract global investors seeking exposure to African markets.
Nairobi Securities Exchange (NSE)
Kenya’s NSE has been a consistent performer, with growth driven by innovation and a robust financial sector. Stocks like Equity Bank, KCB Bank, and Safaricom have shown strong returns, supported by Kenya’s thriving mobile money ecosystem. The potential removal of lending rate caps could further boost liquidity and growth.
Nigerian Stock Exchange (NSE)
Nigeria’s main board index rose by 25.4% in 2017, driven by recovery in the oil sector and improved economic conditions. Despite challenges, Nigeria remains a key market for investors, with banks like First City Monument Bank delivering impressive returns.
Egyptian Exchange (EGX)
Egypt’s EGX 30 index rose by 24.1% in 2017, supported by currency reforms and improved macroeconomic policies. The exchange has continued to perform well, with a 36% increase in US dollar terms over the past year, making it a top destination for foreign investment.
Mauritius Stock Exchange (SEM)
The SEM recorded a 29.9% increase in its index, driven by strong performances in the financial and tourism sectors. Mauritius is known for its investor-friendly policies and strategic location, making it a gateway for investments into Africa.
Namibia Stock Exchange (NSX)
Namibia’s stock exchange has gained attention for its innovative approach, including the introduction of Special Purpose Acquisition Companies (Spacs). The NSX offers unique opportunities for investors looking to tap into Southern Africa’s growth potential.
Africa’s stock exchanges are proving to be resilient and dynamic, offering investors exciting opportunities despite global economic headwinds. From Zimbabwe’s remarkable growth to Kenya’s innovation-driven market, the continent is home to some of the world’s top-performing exchanges.
As African economies continue to evolve, these exchanges are poised to play a pivotal role in shaping the future of global finance.
Source : African Housing Show 2025 Research Team
