Africa: Zimbabwe Overtakes Nigeria As Africa's Best-Performing Stock Market Africa: Zimbabwe Overtakes Nigeria As Africa's Best-Performing Stock Market

Africa ETP News


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Africa: Zimbabwe Overtakes Nigeria As Africa's Best-Performing Stock Market

August 6, 2026--Zimbabwe ended last month as Africa's best-performing equity market, overtaking Nigeria, the continent's most populous nation, after months of sustained gains driven by easing inflation, a more stable domestic currency, and renewed investor appetite for local equities.

Data from African Markets, a real-time market intelligence platform, shows the Zimbabwe Stock Exchange (ZSE) returned 68.5 percent in US dollar terms year-to-date as of July 31, 2026, the highest among the 17 African exchanges tracked. Nigeria followed with 66.9 percent, Ghana with 57.6 percent, while Tunisia posted 46.3 percent and Tanzania had 40.5 percent.

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Source: allafrica.com


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