African Stock Exchanges

AFX: African Stock (Securities) Exchanges Live

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Stock quotes and market data for African stock exchangesStock quotes and market data for African stock exchanges

Africa is a region of immense economic potential only hindered by unstable political regimes, weak public institutions, and lackluster policy enactments. However, recent years have seen big strides in these areas raising a positive outlook for the continent. After experiencing its slowest growth in a period of over two decades in 2016, the African economy is expected to rebound at an accelerated pace on the back of significant improvements in monetary policies and increased investments in infrastructure. Issuance of sovereign bonds on many international capital markets further attests to the global positive sentiment toward the region.

A stock exchange, typically representing a country's capital market, provides a market where securities are traded under regulated procedures. It not only channels funds into the economy, but also provides investors with returns on investments in the form of dividends. The exchange fulfills its main function of raising capital for listed companies by re-channeling cash resources into productive economic activity, thus building the economy while enhancing job opportunities and wealth creation. This platform attempts to make accessible relevant market information on publicly traded companies across the various stock exchanges in Africa.

Ghana Stock Exchange

▴1.40 (0.06%)
GSE-CI IndexYear-to-DateMarket Cap.
2,461.52 (+1.40)-327.82 (11.75%)GHS 64Bn

The Ghana Stock Exchange (GSE), incorporated in 1989, is the sole secondary capital market in the country. It is governed by a nine-member council consisting of independent members and representatives from dealing members and listed companies. The GSE also operates the Ghana Alternative Market which is aimed at small and medium-sized enterprises. Since its inception, the GSE has undergone several reforms to improve liquidity, enhance efficiency, and attract more investors. The Foreign Exchange Act of 2006 (Act 723), for example, eliminated regulatory limits that affected foreign and non-resident investors allowing free foreign exchange remitability for the original capital plus all capital gains and related earnings, however, subject to an 8% withholding tax which is also the final tax on dividends. This tax applies to all investors, both resident and non-resident. Capital gains on listed securities are, however, exempt from tax.

Johannesburg Stock Exchange

▴2,085.60 (3.25%)
J203 IndexYear-to-DateMarket Cap.
66,312.83 (+2,085.60)-7,396.56 (10.03%)ZAR 18.91Tr

The JSE (officially, JSE Limited) had its origin in 1887 when Benjamin Minors Wollan proposed to a meeting of the Exchange and Chambers Company board and members that a stock exchange should be established. On November 8, Wollan founded the Johannesburg Exchange & Chambers Company by providing a facility to conduct trading. By January 1890, listings had expanded to more than 300 companies. Fast forward to 2001, the JSE struck an agreement with the London Stock Exchange to enable cross-dealing between the two exchange and run LSE's trading system on the JSE. In April 2014, the JSE re-branded as a modern African marketplace that connects investors to growth opportunities, not only in South Africa, but across the globe.

NASI IndexYear-to-DateMarket Cap.
126.66 (-1.26)-39.80 (23.91%)KES 1.97Tr

The Nairobi Securities Exchange (NSE), which was constituted in 1954 as a voluntary association of stockbrokers and registered under the Societies Act, is today a leading African Exchange. The Exchange is based in Nairobi, the capital of Kenya, and has had a pivotal role in the process of economic development in the country. Dealing in both fixed and variable income securities, the NSE has triggered the reallocation of financial resources from dormant to active agents, helping local and international companies access cost-effective capital. Being innovative and diverse, the Exchange has become partners with several international organizations. The NSE is a member of the World Federation of Exchange, and a founding member of the African Securities Exchanges Association and the East African Securities Exchanges Association. The NSE is also a member of the Association of Futures Market and a partner exchange in the UN-led SSE initiative.

Nigerian Stock Exchange

▾144.42 (0.29%)
ASI IndexYear-to-DateMarket Cap.
48,879.74 (-144.42)+6,163.30 (14.43%)NGN 26.38Tr

The Nigerian Stock Exchange (NGX) was founded on September 15, 1960 and commenced trading in June the following year. It is regulated by the Securities and Exchange Commission of Nigeria and licensed under the Investments and Securities Act. Since the deregulation of the Nigerian capital market in 1993, and the subsequent institution of investor protection policies, NGX has seen significant growth. In fact, the All-Share Index, which was launched in 1984 with a base value of 100, reached a peak of 66,371.20 in March 2008. NGX is a founding member of the African Securities Exchanges Association and also a member of World Federation of Exchanges, International Organization of Securities Commissions, and the SSE Initiative.

Zimbabwe Stock Exchange

▾310.11 (2.1%)
ZSE-ASI IndexYear-to-DateMarket Cap.
14,424.01 (-310.11)+3,601.65 (33.28%)ZWL 2.18Tr

History of the Zimbabwe Stock Exchange (ZSE) dates back to 1896 when Cecil Rhodes founded the first exchange in Bulawayo. However, the ZSE's true antecedent is the one founded in 1946 by Alfred Mulock Bentley; and after the Zimbabwe Stock Exchange Act was passed into law in 1976, the modern-day ZSE came into being. In 1993, certain regulations were repealed to allow foreign participation on the exchange though limited by a maximum holding of 15% individually or 49% collectively in any listed company. Today, the ZSE operates under the oversight of the Securities and Exchange Commission of Zimbabwe (SECZ) which in 2009 established an investor protection fund to provide compensation to whoever suffers losses as a direct consequence of malpractice on the part of a market player or in the event of insolvency. The SECZ, as a statutory body, also determines the level of capitalization required for members of the Exchange.

Index of African Stock Exchanges:

  1. Botswana Stock Exchange
  2. BRVM Stock Exchange
  3. Ghana Stock Exchange
  4. Johannesburg Stock Exchange
  5. Lusaka Securities Exchange
  6. Malawi Stock Exchange
  7. Nairobi Securities Exchange
  8. Nigerian Stock Exchange
  9. Uganda Securities Exchange
  10. Zimbabwe Stock Exchange

Comments (89)

  1. StanleyStanley
    Sep 17, 2022 08:18 GMT

    How can i get in touch with the admin to see how i could partner with AFRICAN 'XCHANGES

  2. Fahad jimaleFahad jimale
    Apr 4, 2022 22:42 GMT

    Hi, I'm researching a Comparative analysis of the performances of selected African stock markets using the tools of fundamental and technical analysis (2000 - 2021)".

    In this study, stock market indices on the technical side; stock market, sector, and companies' capitalized values; depth, width, the trading volume of the equity markets, as well as debt (bills&bonds) markets have to be covered. On the fundamental side, it is important to examine the liquidity, activity, capital structure, profitability, market-related (P/K, Price to book ratio, Price/Sale ratio, etc.) performance indicators of companies whose shares are traded on specific stock exchanges.

    I will appreciate it if you can provide me with these details if available. Best Regards,

  3. AnthonyAnthony
    Jan 13, 2022 22:34 GMT

    Michael love this website. Working on a similar project, would be great to chat about it :)

    1. KofiKofi
      Jan 21, 2022 11:00 GMT

      Kindly post the link here when you are done. Thnx

  4. EricEric
    Oct 20, 2021 03:46 GMT

    I am an African and currently a student pursuing a postgraduate program and focusing on the African Stock market behavior/response due to factors such as political climate, social media influences, and other factors. I would like about 10+ years of data from the top 10 performing African Stock markets (nations) exchanges and also the oldest markets as well. IS it possible to get this data and can I get help for this data. I am using sentiment analysis with statistical models to run my simulations and predictions.

  5. SuleSule
    Nov 25, 2021 05:25 GMT

    Hi Michael,

    How can I get in touch with you privately? Thanks.

  6. Victor S MachariaVictor S Macharia
    Aug 5, 2021 05:03 GMT

    Hello, I am really enthusiastic in getting data on Rwanda Securities Exchange.

  7. BonifaceBoniface
    Oct 27, 2020 16:32 GMT

    Would love to have a application.

  8. paschalpaschal
    Jun 22, 2022 07:06 GMT

    how can I get stock prices of companies here

  9. J. E. AsuquoJ. E. Asuquo
    May 26, 2018 19:14 GMT

    I really want to commend the Management of AFX for the huge database of information and accurate feeds provided on this site.

    Bravo! Keep it up!

  10. munyumba mutwalemunyumba mutwale
    Jun 30, 2021 11:59 GMT

    Hi I am currently trying to work on something similar and was wondering if you would be open to a collaboration. This is magnificent and I would like to take it a step further especially in Zambia.

    Looking forward to your response.

    1. Michael KwayisiMichael Kwayisi
      Jul 1, 2021 16:43 GMT

      Munyumba, I've sent you an email.

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