Why African Stocks Are Beating the World
About this episode
The episode discusses the factors driving the surge in African stock markets, particularly Nigeria's, and its implications for investors.
Nigeria's stock market is the world's best-performing equity market this year. Its benchmark index has outpaced every major market, including South Korea, delivering the highest dollar returns to investors. Ghana, Tunisia and Kenya have also ranked among the world's top-performing markets, as economic reforms and improving investor sentiment fuel a rally across parts of the continent. On this week's Next Africa podcast, we explore what's driving Africa's stock market surge, whether the rally can last, and what it means for investors. Jennifer Zabasajja is joined by Bloomberg's emerging markets reporter Ray Ndlovu and Peter Nalitolela, chief executive officer of the Dar es Salaam Stock Exchange. She also speaks to Emre Akcakmak, Head of Frontier Markets at East Capital, on whether Africa's resurgence is attracting global investors. For more stories from the region, Subscribe to the Next Africa podcast See omnystudio.com/listener for privacy information.
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