Next Africa Why African Stocks Are Beating the World
24 snips
Jul 31, 2026 Peter Nalitolela, CEO of the Dar es Salaam Stock Exchange, on boosting listings and investor education. Emre Akcakmak, Head of Frontier Markets at East Capital, on structural growth in banks, telecoms and fintech. Ray Ndlovu, Bloomberg emerging markets reporter, on data-driven performance and capital flows. They explore why African equities are rallying, liquidity and whether global investors will stick around.
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Africa's Top Exchanges Are Delivering World-Leading Dollar Returns
- African exchanges have delivered outsized dollar returns this year, with Nigeria up ~71%, Ghana ~61% and Tunisia ~47% year-to-date.
- These gains outpace major tech-led markets (South Korea COSPI
34%, Taiwan ~35%) and the All Country World Index (8%).
Nigeria Rally Fueled By Local Investors
- Nigeria's equity rally is mainly domestic-driven: local investors accounted for about 89% of transactions in H1, foreigners about 11%.
- That means the market's momentum is homegrown rather than a large foreign portfolio surge.
Dar es Salaam Focuses On Gen Z And Mobile Trading
- Peter Nalitolela describes Dar es Salaam's 30-year journey and the push to grow listings and investors after slow equity uptake.
- They target Gen Z with investor education and a mobile trading platform for 24/7 order entry.