As June draws to a close and Africa enters the second half of 2026, the continent’s financial markets are ending the first six months of the year on a note of resilience and renewed ambition. From Nigeria retaining its position as Africa’s best-performing stock market despite a sharp correction to Ethiopia’s young stock exchange gaining momentum, and from Tanzania attracting fresh industrial investment to South Africa securing major development financing, this week’s stories reflect a continent building stronger capital markets, attracting investment and deepening regional integration despite global uncertainty.
Nigeria remains Africa’s top-performing stock market despite N9.8trn sell-off
Nigeria’s stock market has surrendered nearly N10 trillion in value this month as investors took profits after a prolonged rally, but the sell-off has done little to dent its position as Africa’s best-performing equity market in 2026.
Why it matters: The resilience suggests investors remain confident in Nigeria’s macroeconomic reforms and improving currency stability. It also reinforces the country’s growing appeal to foreign portfolio investors despite short-term market volatility.
Dangote expands East Africa ambitions with new Tanzania investment push
