ALGERIA
Algiers Stock Exchange
The Algiers Stock Exchange, known locally as the Société de Gestion de la Bourse des Valeurs (SGBV), is Algeria’s principal securities market. Despite its modest size and limited listings, the exchange represents an important step in the country’s efforts to diversify its economy beyond hydrocarbons. Operating under the oversight of COSOB, Algeria’s financial market regulator, the exchange promotes transparency and gradual capital market development. It holds potential for future growth as economic reforms and privatization strategies take shape.
Founded: 1997 Location: Algiers, Algeria Owner: Public entity under the supervision of the COSOB (Commission d’Organisation et de Surveillance des Opérations de Bourse) Currency: Algerian Dinar (DZD) Listings: 6 Main Indices: N/A Address: Place du Péro Q394+WV2, Alger Centre 16000, Algeria Tel:+ 23 49 22 23/24/25 Website: https://www.sgbv.dz/
ANGOLA
Angola Debt and Securities Exchange
The Angola Debt and Securities Exchange (BODIVA) is the country’s official financial market, established to modernize Angola’s economy and develop a robust capital market framework. Initially focused on government bonds and debt instruments, BODIVA aims to expand into equities and corporate securities. Operated under the oversight of the Capital Market Commission (CMC), it plays a central role in improving financial transparency, attracting investment, and supporting Angola’s transition from an oil-dependent economy toward greater diversification and private sector growth.
Founded: Location: Luanda, Angola Owner: Bolsa de Dívida e Valores de Angola (BODIVA), supervised by the Capital Market Commission (CMC) Currency: Angolan Kwanza (AOA) Listings: Primarily government debt securities (corporate equity market pending) Market Cap: Approx. AOA 2.2 trillion (mainly in government bonds) Main Indices: N/A Address: Rua Marechal Brós Tito, Nº 41, Sky Business Tower, 8º Andar, Luanda, Angola Tel: +244 225 420 300 Website: https://www.bodiva.ao/
BOTSWANA
Botswana Stock Exchange
The Botswana Stock Exchange (BSE) is the country’s premier capital market institution, playing a key role in the development of Botswana’s financial sector. It offers a platform for trading equities, bonds, and Exchange Traded Funds (ETFs). Governed under the Botswana Stock Exchange Act, it has steadily grown in sophistication and regulatory standards, aiming to attract both local and international investors. The BSE promotes transparency, good governance, and financial literacy while driving long-term economic diversification in one of Africa’s most stable economies.
Founded: 1989 Location: Gaborone, Botswana Owner: Botswana Stock Exchange Limited Currency: Botswana Pula (BWP) Listings: ~30 Market Cap: Approx. BWP 44 billion (≈ USD 3.2 billion) (as of recent data) Main Indices: BSE Domestic Company Index (DCI), BSE Foreign Company Index (FCI) Address: Fairscape Precinct, Fairgrounds Office Park Plot 70667, Gaborone, Botswana Tel: +267 367 4400 Website: https://bse.co.bw/
CAPE VERDE
Bolsa de Valores de Cabo Verde
The Bolsa de Valores de Cabo Verde (BVC) is Cape Verde’s national stock exchange, based in the capital city of Praia. Established to support the country’s economic development and financial sector, BVC primarily facilitates the trading of government bonds, with a limited number of corporate securities. Though small in scale, the exchange promotes financial inclusion, transparency, and capital mobilization within Cape Verde’s island economy.
Founded: 1998 Location: Praia, Cape Verde Owner: Public-private partnership regulated by the Bank of Cape Verde Currency: Cape Verdean Escudo (CVE) Listings: 5 Market Cap: Main Indices: N/A Address: Santo António Discovery No. 16, CP 115/A, Praia, Cape Verde Tel: +238 260 30 30 Website: https://bvc.cv/
EGYPT
Egyptian Exchange
The Egyptian Exchange (EGX) is one of the oldest stock markets in Africa, dating back to 1883. With operations in both Cairo and Alexandria, EGX plays a vital role in Egypt’s capital markets. Its main indices, EGX 30 and EGX 70, track the performance of leading companies. EGX has embraced technological innovations, making it a regional hub for investment and trading.
Founded: 1883 Location: Cairo & Alexandria, Egypt Owner: Government of Egypt Currency: Egyptian Pound (EGP) Listings: 220+ Market Cap: $70+ billion Main Indices: EGX 30, EGX 70 Address: 4 El Sherifain St., Downtown, Cairo, Egypt Tel: +20 2 2392 1114 Website: https://www.egx.com.eg
ETHIOPIA
Ethiopian Securities Exchange (ESX)
Founded in 2023 and officially launched in January 2025, ESX is Ethiopia’s first organized securities exchange. It operates as a public-private partnership with Ethiopian Investment Holdings (EIH) representing the state’s 25% stake and the remaining 75% held by private investors. ESX offers trading across equity, fixed income, money market, and alternative instruments, aiming to strengthen capital formation, transparency, and investor access in Ethiopia’s financial system.
Founded: 2023 Location: Addis Ababa, Ethiopia Owner: 25% Public Stake via Ethiopian Investment Holdings (EIH) 75% Private Shareholding, including: Currency: Ethiopian Birr (ETB) Listings: 2 (both commercial banks, as of June 2025) Market Cap: Main Indices: In development Address: Nile Insurance S.C Building 16-18th Floor, National Theatre Area, Addis Ababa, Ethiopia Tel: +2519 5212 0031 Website: https://esx.et/
KENYA
Nairobi Securities Exchange (NSE)
The Nairobi Securities Exchange (NSE) is one of Africa’s leading stock markets, founded in 1954. Based in Kenya – one of the fastest-growing economies in Sub-Saharan Africa, NSE has a six decade heritage in listing equity and debt securities. The exchange has adopted cutting-edge digital trading systems to enhance market accessibility and transparency. It is a full member of the World Federation of Exchange, a founder member of the African Securities Exchanges Association (ASEA) and the East African Securities Exchanges Association (EASEA).
Founded: 1954 Location: Nairobi, Kenya Owner: Publicly Listed Currency: Kenyan Shilling (KES) Listings: 60+ Market Cap: $20+ billion Main Indices: NSE 20 Share Index Address: 55 Westlands Road, Nairobi, Kenya Tel: +254 20 2831000 Website: https://www.nse.co.ke/
MOROCCO
Casablanca Stock Exchange (CSE)
The Casablanca Stock Exchange (CSE) is the leading financial market in North Africa. Established in 1929, it has grown to become one of the largest in the region. The MASI Index tracks its listed companies, which span various industries. CSE continues to modernize and attract foreign investments through regulatory reforms and digital trading platforms.
Founded: 1929 Location: Casablanca, Morocco Owner: Government of Morocco Currency: Moroccan Dirham (MAD) Listings: 80+ Market Cap: $65+ billion Main Indices: MASI Index Address: Rue Arrachid Naciri, Casablanca, Morocco Tel: +212 5 22 45 91 00 Website: https://www.casablanca-bourse.com
NIGERIA
Nigeria Securities Exchange
The Nigeria Securities Exchange is Nigeria’s main securities market, established in 1960. It facilitates equity and fixed-income securities trading, playing a key role in West Africa’s economy. The NGX All-Share Index is its benchmark, tracking the most valuable stocks. NGX has launched technological advancements to improve market access and investor participation.
Founded: 1960 Location: Lagos, Nigeria Owner: Nigerian Exchange Group Plc Currency: Nigerian Naira (NGN) Listings: 160+Market Cap: $55+ billion Main Indices: NGX All-Share Index Address: 2 Custom St, Lagos Island, Lagos 102273, Lagos, Nigeria Tel: +234 (700) 225-5649 Website: https://ngxgroup.com/
SOUTH AFRICA
Johannesburg Stock Exchange (JSE)
The Johannesburg Stock Exchange (JSE) is the largest and most sophisticated stock market in Africa. Founded in 1887, it plays a critical role in South Africa’s financial ecosystem. The JSE lists top companies in the region and is a gateway for foreign investors into African markets. Its FTSE/JSE All Share Index is a key benchmark, and the exchange offers a diverse range of products including equities, bonds, and derivatives.
Founded: 1887 Location: Johannesburg, South Africa Owner: JSE Limited Currency: South African Rand (ZAR) Listings: 300+ Market Cap: $1.1+ trillion Main Indices: FTSE/JSE All Share Index Address: One Exchange Square, Sandown, Johannesburg, South Africa Tel: +27 11 520 7000 Website: https://www.jse.co.za
UGANDA
Uganda Securities Exchange
Founded in 1997, the Uganda Securities Exchange is the principal stock exchange of Uganda. It facilitates the buying and selling of shares and bonds of both Ugandan and East African companies, as well as government bonds. The USE operates under the supervision of Uganda’s Capital Markets Authority.
Founded: 1997 Location: Kampala, Uganda Currency: Ugandan Shilling Listings: 20 Market Cap: US$7.84 billion Main Indices: Uganda All Stock Index Address: Plot 3-5 New Port-Bell Road, UAP Nakawa Business Park, Block A, 4th Floor P.O.Box 23552, Kampala, Uganda Tel: +256-312-370815/7/8 Website: https://www.use.or.ug
ZAMBIA
Lusaka Stock Exchange
Founded in 1993 the Lusaka Stock Exchange is the principal stock exchange of Zambia. The LuSE’s core mandate is to provide a fair and efficient platform through transparent and equitable trading of the listed securities. Since inception, it has expanded beyond being a platform for trading shares and bonds, as demonstrated by some companies from across the spectrum of industry that have used it to raise the public capital for expansion.
Founded: 1993 Location: Lusaka, Zambia Currency: Kwacha Listings: 22 (May 2025) Market Cap: ZMW 276.7 billion (US$ 9.8 billion) (April 2025) Main Indices: LUSE All Share Index Address: 2nd Floor Mamco House Plot 316B Independence Ave Lusaka , Zambia Tel: +260 211 228 391 Website: https://www.luse.co.zm/
ZIMBABWE
Zimbabwe Stock Exchange
The ZSE’s history dates back to 1894 but it has only been open to foreign investment since 1993 and has evolved to be one of the longest established capital raising platforms in Africa. Its core mandate is to facilitate long term capital raising through listing of securities as well as offering secondary market securities trading and issuer regulation services.
Founded: 1894 Location: Harare, Zimbabwe Currency: Zimbabwe Gold Listings: 63 Market Cap: ZWG 64 billion (Q1 2025) Main Indices: ZSE All Share Index Address: 44 Ridgeway Nort Highland, Harare, Zimbabwe Tel:+263 242 886830-5 Website: zse.co.zw