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

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…