Africa’s Leading Stock Exchanges by 2026: Market Cap Breakdown

South Africa’s JSE dominates with a $1.5 trillion market cap. Nigeria’s NGX follows at $117 billion, Morocco’s BVC at $111 billion, and Egypt’s EGX at $81 billion. Secondary markets are much smaller. Botswana’s BSE sits at $75 billion, and the WAEMU regional exchange serves eight francophone countries with $28 billion. Kenya’s NSE, Ghana’s GSE, Tanzania’s DSE, and Uganda’s USE together trade $72 billion—less than Botswana alone. Overall, most African exchanges remain limited in size, depth, and liquidity. Activity is heavily concentrated in South Africa, Nigeria, Morocco, and Egypt. Source: social media survey.

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.