Among the continent’s largest markets, South Africa’s Johannesburg Stock Exchange All-Share Index (FTSE/JSE ASI) has gained 8% over the same period. Egypt’s EGX 30 has surged 20.5%, while Kenya’s Nairobi Securities Exchange, East Africa’s largest market, has advanced 14.2%. Just as gold is driving momentum in South Africa, coffee is shaping gains in Kenya. Mining powerhouses dominate Moroccan bourseIn North Africa, the Casablanca Stock Exchange, Africa’s second-largest market, has declined 1.4% year-to-date. Across Africa’s largest markets, a clear pattern emerges: commodities remain powerful catalysts, but services and financials are increasingly asserting influence.

Source: The North Africa Journal March 05, 2026 17:52 UTC