Charts / Money
Africa's Largest Stock Exchanges by Market Cap
Johannesburg dwarfs every other African bourse, holding roughly three-quarters of the continent's listed equity value.
Updated 2026 · Data year 2026
Figure 1
Johannesburg dwarfs every other African bourse, holding roughly three-quarters of the continent's listed equity value.
1554
Johannesburg (JSE) · bn
Source: World Federation of Exchanges · 2026 · Domestic equity market capitalization, USD billions, August 2026 (WFE members).
The JSE's domestic market capitalization of about $1554.0bn in August 2026 is larger than every other listed African exchange combined. Nigeria ($118.0bn) and Casablanca ($112.6bn) are the next tier, each near $110-120bn.
Takeaways
- The JSE alone held about $1,554bn in domestic equity value in August 2026.
- Nigeria ($118.0bn), Casablanca ($112.6bn) and Egypt ($84.4bn) form the second tier.
- The regional BRVM ($32.0bn) narrowly edges Nairobi ($30.1bn) for fifth place.
- Lusaka, Tunis and Ghana each sit near $17-20bn, an order of magnitude below the leaders.
Sources
- TIER A World Federation of Exchanges, WFE Focus - Equity: Domestic market capitalisation (USD millions) (2026-08). https://focus.world-exchanges.org/issue/october-2026/market-statistics
Figures are August 2026 month-end for WFE member exchanges.