African Financial Markets Improve

African financial markets made steady progress this year as easing inflation and regulatory reforms lifted average scores in a major annual index. However, thin trading and limited liquidity remain key hurdles to attracting investment and funding long-term growth across the continent.

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A drone view of buildings in Johannesburg's central business district, Johannesburg, South Africa, September 13, 2026.

Twenty-one of 29 African financial markets recorded higher scores in an annual index tracking capital market progress. The 2026 Africa Financial Markets Index measured gains as easing inflation and regulatory reforms strengthened regional systems. Thin trading activity remains a key hurdle for investors seeking liquidity across the continent.