Foreign Investors Pour Record Funds Into African Stocks as NGX Sees N2.03 Trillion

Markets · Africa

—The stakes. African stock exchanges are drawing record foreign portfolio flows in 2025 and 2026, led by Nigeria and Kenya.

—The date. NGX Lagos recorded N2.03 trillion in foreign transactions between January and October 2025, the highest since 2007.

—The exchanges. The main venues are the JSE in Johannesburg, Nairobi Securities Exchange, NGX Lagos, Casablanca Stock Exchange, and Cairo’s EGX.

—The access. Non-residents can open accounts via local brokers or international intermediaries, with no blanket ownership caps on most listed shares.