South Africa and Mauritius Top Africa's Most Developed Financial Markets in 2023

The Absa Africa Financial Markets Index ranks African countries by 6 economic pillars to measure financial market performance.

The top 10 countries with the most booming financial markets are South Africa, Mauritius, Nigeria, Uganda, Namibia, Botswana, Kenya, Morocco, Ghana, and Tanzania.

South Africa ranks 1st with an overall index score of 88, followed by Mauritius with 77.

Nigeria dropped one spot from 2022 to rank 3rd in 2023, with an index score of 67.

Uganda and Namibia rank 4th and 5th, both holding their spots from 2022 and scoring 63.