African stock markets,
ranked by performance.
As of 7 August 2026, Africa's best-performing stock market of 2026 is Zimbabwe — the ZSE All Share Index is up +71.0% year-to-date in local currency. 11 of the 17 African indices tracked here are beating the S&P 500's +13.2% dollar return this year.
Every return is computed from official closing index levels — year-to-date in local currency and in US dollars — and re-ranked as new closes arrive. Chart any of these indices against each other →
| Rank | Market | Index | Level | YTD 2026 (Local) | YTD 2026 (USD) | 1 Year (Local) | 1 Year (USD) |
|---|---|---|---|---|---|---|---|
| 1 | 🇿🇼 Zimbabwe Zimbabwe Stock Exchange | ZSE All Share Index | 475.27 3 August 2026 | +71.0% | — | +133.8% | — |
| 2 | 🇳🇬 Nigeria Nigerian Exchange | NGX All-Share Index | 245,209.34 6 August 2026 | +57.6% | +68.7% | +68.2% | +89.0% |
| 3 | 🇬🇭 Ghana Ghana Stock Exchange | GSE Composite Index | 15,198.53 6 August 2026 | +73.3% | +60.9% | +105.8% | +84.0% |
| 4 | 🇹🇳 Tunisia Bourse de Tunis | Tunindex | 20,042.75 7 August 2026 | +49.0% | +47.3% | +68.9% | +67.5% |
| 5 | 🇹🇿 Tanzania Dar es Salaam Stock Exchange | DSE All Share Index | 4,177.51 6 August 2026 | +51.3% | +41.4% | +64.7% | +55.4% |
| 6 | 🇷🇼 Rwanda Rwanda Stock Exchange | RSE All Share Index | 258.32 6 August 2026 | +41.7% | +40.1% | +71.5% | +68.4% |
| 7 | 🌍 Ivory Coast BRVM | BRVM Composite Index | 485.48 6 August 2026 | +40.4% | +36.7% | +55.7% | +54.1% |
| 8 | 🇺🇬 Uganda Uganda Securities Exchange | USE All Share Index | 2,215.12 6 August 2026 | +35.7% | +30.7% | +63.6% | +55.4% |
| 9 | 🇪🇬 Egypt Egyptian Exchange | EGX 30 Index | 54,676.86 6 August 2026 | +30.7% | +25.6% | +52.7% | +49.2% |
| 10 | 🇰🇪 Kenya Nairobi Securities Exchange | NSE All-Share Index | 234.63 6 August 2026 | +25.8% | +24.5% | +45.6% | +45.2% |
| 11 | 🇿🇲 Zambia Lusaka Securities Exchange | LuSE All Share Index | 26,368.26 6 August 2026 | +1.7% | +18.8% | +22.5% | +49.4% |
| 12 | 🇳🇦 Namibia Namibian Stock Exchange | NSX Overall Index | 2,440.52 7 August 2026 | +14.0% | +17.1% | +37.9% | +51.7% |
| 13 | 🇿🇦 South Africa Johannesburg Stock Exchange | JSE All Share Index | 117,518.36 7 August 2026 | +1.5% | +4.2% | +16.5% | +27.7% |
| 14 | 🇧🇼 Botswana Botswana Stock Exchange | BSE Domestic Companies Index | 11,206.03 6 August 2026 | +1.6% | +0.3% | +6.4% | +7.5% |
| 15 | 🇲🇦 Morocco Casablanca Stock Exchange | Moroccan All Shares Index | 18,864.02 7 August 2026 | +0.1% | -1.8% | -4.8% | -7.2% |
| 16 | 🇲🇺 Mauritius Stock Exchange of Mauritius | SEM All Share Index | 2,034.84 6 August 2026 | -4.0% | -8.0% | -5.9% | -11.4% |
| 17 | 🇲🇼 Malawi Malawi Stock Exchange | MSE All Share Index | 504,577.21 6 August 2026 | -15.6% | -15.7% | +18.6% | +18.6% |
| S&P 500 (USA) | +13.2% YTD | +21.2% 1Y |
| MSCI Emerging Markets (EEM ETF) | +19.6% YTD | +32.4% 1Y |
Key facts
- Best performer of 2026 so far: Zimbabwe (ZSE All Share Index, +71.0% local).
- Weakest performer of 2026 so far: Malawi (MSE All Share Index, -15.6% local, -15.7% USD).
- 11 of 17 African indices are beating the S&P 500 (+13.2% YTD) in US-dollar terms.
- Rankings are ordered by USD return, so cross-currency comparisons stay honest; a market can rally in local terms and still lose dollar investors money when its currency slides.
- For the full half-year narrative behind these numbers, read the African Markets H1 2026 Review.
Methodology
Year-to-date returns compare each index's latest official closing level against its last close of 2025; one-year returns use the last close on or before the same calendar date a year ago. US-dollar returns divide the index by the local currency's USD exchange rate at both ends of the window, so currency moves are fully reflected. Closing levels come from Mansa Markets' index history database — the same daily-refreshed series that powers the index comparison tool — with each market's "as of" date shown next to its level. Zimbabwe is ranked on local-currency return only: repeated currency redenominations make a continuous USD series meaningless. This page re-ranks automatically as new closes arrive; cite it as "Mansa Markets, African Stock Markets Performance Rankings".
Last recomputed 8 August 2026 · Freshest close 7 August 2026 · More Africa rankings →