List of African stock exchanges

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The Johannesburg Stock Exchange, the largest stock exchange in Africa Johannesburg Stock Exchange.jpg
The Johannesburg Stock Exchange, the largest stock exchange in Africa

There are 29 exchanges in Africa, representing 38 nations' capital markets.

Contents

21 of the 29 stock exchanges in Africa are members of the African Securities Exchanges Association (ASEA). ASEA members are indicated below by an asterisk (*).

The Egyptian Exchange (EGX), founded in 1883, is the oldest stock exchange in Africa. One of the oldest bourses (exchanges) on the continent is the Casablanca Stock Exchange of Morocco, founded in 1929 and the JSE Limited in 1887 and Nairobi Securities Exchange in Kenya founded in1954.

Today the top five largest securities exchanges in Africa are Johannesburg Stock Exchange (JSE), Egyptian Exchange (EGX), Nigerian Stock Exchange (NGX), Casablanca stock exchange in Morocco and Nairobi Securities Exchange (NSE) in Kenya.

There are several notable countries on the continent that do not have a stock exchange. The most notable is Ethiopia, although it does have a commodities exchange in Addis Ababa. In January 2021 a capital market bill was tabled to Ethiopian lawmakers that would establish a stock exchange through a public-private partnership. [1]

List

EconomyExchangeLocationFoundedListingsLinkTechnology
Flag of Algeria.svg  Algeria Algiers Stock Exchange Algiers 19976 SGBV
Flag of Angola.svg  Angola Angola Debt and Stock Exchange Luanda 2017 Bodiva InfoTech Capizar [2]
Flag of Botswana.svg  Botswana Botswana Stock Exchange * Gaborone 198944 BSE
Flag of Cameroon.svg  Cameroon Douala Stock Exchange * Douala 20012 DSX
Flag of Cape Verde.svg  Cape Verde Bolsa de Valores de Cabo Verde * Praia 1998 BVC
Flag of Egypt.svg  Egypt Egyptian Exchange * Cairo, Alexandria 1883265 EGX Nasdaq [3]
Flag of Gabon.svg  Gabon Bourse des Valeurs Mobilières de l'Afrique Centrale Libreville 2003 BVMAC
Flag of Ghana.svg  Ghana Ghana Stock Exchange * Accra 199037 GSE InfoTech Capizar [4] [5]
Flag of Cote d'Ivoire.svg  Ivory Coast Bourse Régionale des Valeurs Mobilières * Abidjan 199839 BRVM
Flag of Kenya.svg  Kenya Nairobi Securities Exchange * Nairobi 195464 NSE
Flag of Lesotho.svg  Lesotho Maseru Securities Exchange * Maseru 2016 MSM
Flag of Libya.svg  Libya Libyan Stock Market * Tripoli 20077 LSM
Flag of Malawi.svg  Malawi Malawi Stock Exchange * Blantyre 199514 MSE InfoTech Capizar [6] [7]
Flag of Mauritius.svg  Mauritius Stock Exchange of Mauritius Port Louis 1988170 SEM Millenium Information Technology [8]
Flag of Morocco.svg  Morocco Casablanca Stock Exchange * Casablanca 192981 Casa SE
Flag of Mozambique.svg  Mozambique Bolsa de Valores de Moçambique * Maputo 1999 BVM
Flag of Namibia.svg  Namibia Namibian Stock Exchange * Windhoek 199247 NSX
Flag of Nigeria.svg  Nigeria Abuja Securities and Commodities Exchange Abuja 1998 ASCE
NASD OTC Securities Exchange LAGOS 199843 NASD
Nigerian Exchange Group Lagos 1960223 NGX Nasdaq [9]
Flag of Rwanda.svg  Rwanda Rwanda Stock Exchange Kigali 201110 RSE InfoTech Capizar [10]
East Africa Exchange Kigali EAX
Flag of Seychelles.svg  Seychelles Merj Exchange Limited Victoria 201248 MERJ
Flag of Somalia.svg  Somalia Somali Stock Exchange Mogadishu 20157 SSE
Flag of South Africa.svg  South Africa JSE Limited * Johannesburg 1887388 JSE
A2X Markets * Johannesburg 2017 [11] 169 A2X
ZAR X Johannesburg 20167 [12] ZARX
Equity Express Securities Exchange Johannesburg 2017 EESE
Cape Town Stock Exchange * Cape Town 2017 (2021)9 [13] [ needs update ] CTSE
Flag of Sudan.svg  Sudan Khartoum Stock Exchange * Khartoum 199454 KSE
Flag of Eswatini.svg  Eswatini Eswatini Stock Exchange* Mbabane 199010 ESE
Flag of Tanzania.svg  Tanzania Dar es Salaam Stock Exchange * Dar es Salaam 199825 DSE
Flag of Tunisia.svg  Tunisia Bourse de Tunis * Tunis 196956 BVMT
Flag of Uganda.svg  Uganda Uganda Securities Exchange * Kampala 199717 USE
ALTX East Africa Exchange Kampala20133 ALTX
Flag of Zambia.svg  Zambia Agricultural Commodities Exchange of Zambia Lusaka 2007 ZAMACE
Lusaka Stock Exchange * Lusaka 199424 LuSE
Africa Digital Stock Exchange Ltd Zambia 20185 ADSEL
Flag of Zimbabwe.svg  Zimbabwe Zimbabwe Stock Exchange * Harare 194864 ZSE InfoTech Capizar [14] [15]
Victoria Falls Stock Exchange Victoria Falls 202013 VFEX InfoTech Capizar
Finsec Harare 20191 FINSEC
Flag of Ethiopia.svg  Ethiopia Ethiopia Securities Exchange Ethiopia Under formation

See also

Related Research Articles

A market maker or liquidity provider is a company or an individual that quotes both a buy and a sell price in a tradable asset held in inventory, hoping to make a profit on the bid–ask spread, or turn. The benefit to the firm is that it makes money from doing so; the benefit to the market is that this helps limit price variation (volatility) by setting a limited trading price range for the assets being traded.

<span class="mw-page-title-main">National Stock Exchange of India</span> Indian securities marketplace

National Stock Exchange of India Limited (NSE) is one of the leading stock exchanges in India, based in Mumbai. NSE is under the ownership of various financial institutions such as banks and insurance companies. It is the world's largest derivatives exchange by number of contracts traded and the third largest in cash equities by number of trades for the calendar year 2022. It is the 8th largest stock exchange in the world by total market capitalization, as of May 2024. NSE's flagship index, the NIFTY 50, is a 50 stock index that is used extensively by investors in India and around the world as a barometer of the Indian capital market. The NIFTY 50 index was launched in 1996 by NSE.

<span class="mw-page-title-main">JSE Limited</span> Stock exchange in Johannesburg, South Africa

JSE Limited is the largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa, after it moved from downtown Johannesburg in 2000. In 2003 the JSE had an estimated 473 listed companies and a market capitalisation of US$182.6 billion, as well as an average monthly traded value of US$6.399 billion. As of March 2022, the market capitalisation of the JSE was at US$1.36 trillion.

<span class="mw-page-title-main">Nairobi Securities Exchange</span> Stock exchange of Nairobi, Kenya

The Nairobi Securities Exchange (NSE) was established in 1954 as the Nairobi Stock Exchange, based in Nairobi the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in British Kenya. The exchange had 66 listed companies in February 2021.

African Securities Exchanges Association (ASEA) is trade association for securities exchanges in Africa headquartered in Nairobi, Kenya. The associations aim is to provide a formal framework for the mutual co-operation of securities exchanges in the African region. Its functions include the exchange of information and assistance in the development of member exchanges.

The Egyptian Exchange (EGX), Egypt's stock exchange, comprises two exchanges, Cairo and Alexandria, both governed by the same board of directors and sharing the same trading, clearing and settlement systems. Presently, the chairman of the Egyptian Exchange is Rami El-Dokany.

<span class="mw-page-title-main">Malawi Stock Exchange</span> Stock exchange in Blantyre, Malawi

The Malawi Stock Exchange (MSE) is a Malawian stock market, with three licensed brokers is based in Blantyre, Malawi.

<span class="mw-page-title-main">Nigerian Exchange Group</span> Stock exchange located in Lagos, Nigeria

The Nigerian Stock Exchange (NSE), now Nigerian Exchange Group, is a Nigerian stock exchange founded in 1961 in Lagos. As of November 2019, it has a total of 161 listed companies, with 8 domestic companies on the premium board, 144 companies on the mainboard, and 4 on the Alternative Securities Market (ASeM) board. In the Fixed Income market, the NSE has 84 FGN bonds, 21 state bonds, 27 corporate bonds, 1 supranational bond, and 53 memorandum listings.

<span class="mw-page-title-main">Jamaica Stock Exchange</span> Jamaican stock market index

The Jamaica Stock Exchange is the principal stock exchange of Jamaica, also known as JSE. Incorporated in 1968, JSE opened in 1969 in Kingston, Jamaica. Today, the JSE is one of the largest stock exchanges in the Caribbean by size and market capitalization. As of 30 September 2019, there is a total number of 85 companies and 120 securities listed to the JSE, and a market capitalization of just over JM$2 trillion. The Jamaica Stock Exchange is composed of multiple markets: Main Market, Junior Market, USD Market, and Bond Market. The JSE is also recognized as one of the most sector-diverse exchanges in the Caribbean. The key sectors include banking and finance, retail, manufacturing, insurance, leisure, communications, conglomerate, and services and real estate. The current chairman is Ian McNaughton and the deputy chairman is Gary Peart. The managing director is Marlene Street Forrest.

EFG Holding S.A.E. is an Egyptian financial services company present in the Middle East, North Africa, Sub-Saharan Africa, and South Asia regions and specializes in securities brokerage, asset management, investment banking, private equity and research in addition to finance lease, factoring, microfinance, Financial technology, mortgage, and insurance. EFG Hermes serves a range of clients including sovereign wealth funds, endowments, corporations, financial institutions, high-net-worth clients and individual customers. EFG Hermes is listed on the Egyptian Exchange (EGX) and London (LSE) stock exchanges. EFG Hermes has offices in Egypt, the United Arab Emirates (UAE), the Kingdom of Saudi Arabia (KSA), Pakistan, Oman, Kuwait, Jordan, Kenya, Nigeria, UK, United States and Bangladesh with over 4,500 people from 25 nationalities. They serve clients from the Middle East, North Africa, Europe and the United States. Currently, EFG Holding is listed as number 13 in Forbes' Top 50 Listed Companies in Egypt 2023.

<span class="mw-page-title-main">Bond Exchange of South Africa</span>

The Bond Exchange of South Africa (BESA) was a South African bond exchange based in Johannesburg. It was acquired by the JSE Limited in 2009, and rebranded as the JSE Debt Market. The entity, now through the JSE Limited, operates and regulates the debt securities and interest rate derivatives markets in South Africa. Prior to its acquisition it was constituted as a public company.

The Trade and Development Bank (TDB), formerly the PTA Bank, is a trade and development financial institution operating in eastern and southern Africa. TDB is the financial arm of the Common Market for Eastern and Southern Africa (COMESA), although membership is open to non-COMESA states and other institutional shareholders.

Centum Investment Company Plc, commonly known as Centum is a public East African investment company. It operates as an affiliate of the Kenyan government-owned Industrial and Commercial Development Corporation (ICDC).

<span class="mw-page-title-main">Absa Bank Kenya</span>

Absa Bank Kenya Plc, formerly Barclays Bank Kenya Limited, is a commercial bank in Kenya and a subsidiary of South Africa-based Absa Group Limited. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.

<span class="mw-page-title-main">Oscar N. Onyema</span>

Oscar N. Onyema, is the immediate past Group Chief Executive Officer of Nigerian Exchange Group Plc, an institution that services the largest economy in Africa and champions the development of Africa’s financial markets. Prior to attaining this position, he was the CEO of The Nigerian Stock Exchange (“NSE”) for 10 years. He has widely been recognized as an agent of change in restoring and growing investors’ confidence and advancing Nigeria’s capital markets towards a path of sustainable growth and development. Onyema is the Chairman of two affiliate companies: Central Securities Clearing System Plc (CSCS), the clearing, settlement, and depository for the Nigerian capital market; and NG Clearing Limited, which is the premier Central Counter Party Clearing House (CCP) in Nigeria. He serves on several other boards and committees domestically and internationally including the Pension Commission of Nigeria (PENCOM), London Stock Exchange Group (LSEG) Africa Advisory Group (LAAG), and Membership Committee of the WFE. He served for over 20 years in United States financial markets and the Nigerian information technology sector.

<span class="mw-page-title-main">CIC Insurance Group</span> African insurance and investment group

CIC Insurance Group Limited, commonly referred to as CIC Group, is a Kenyan insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi. CIC Group has a network of branches and operational subsidiaries spread across the 4 countries.

Ecobank Kenya is a commercial bank in Kenya. It is one of the commercial banks licensed by the Central Bank of Kenya, the central bank and national banking regulator.

References

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  5. INFOTECH - Ghana Stock Exchange TV Coverage , retrieved 2022-01-25
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  8. "SEM Trading System operator".
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  10. African, James Anyanzwa | The East. "Tanzania, Rwanda and Uganda to implement a single stock market". african markets. Retrieved 2022-01-25.
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  12. "ZAR X Listed Securities". ZAR X. Retrieved 2021-08-10.
  13. "Cape Town is getting its own stock exchange – with seven listed companies". BusinessInsider. Retrieved 2021-09-30.
  14. "Zimbabwe stock exchange moving to electronic trading and CSD". African Capital Markets News. Retrieved 2022-01-25.
  15. Infotech installs Capizar ATS for Zimbabwe Stock Exchange , retrieved 2022-01-25