Why African Stocks Are Beating the World

Description

Nigeria's stock market is the world's best-performing equity market this year. Its benchmark index has outpaced every major market, including South Korea, delivering the highest dollar returns to investors. Ghana, Tunisia and Kenya have also ranked among the world's top-performing markets, as economic reforms and improving investor sentiment fuel a rally across parts of the continent. On this week's Next Africa podcast, we explore what's driving Africa's stock market surge, whether the rally can last, and what it means for investors. Jennifer Zabasajja is joined by Bloomberg's emerging markets reporter Ray Ndlovu and Peter Nalitolela, chief executive officer of the Dar es Salaam Stock Exchange. She also speaks to Emre Akcakmak, Head of Frontier Markets at East Capital, on whether Africa's resurgence is attracting global investors. For more stories from the region, Subscribe to the Next Africa podcastSee omnystudio.com/listener for privacy information.