A snapshot of equity market capitalisation compiled on 16‑20 October 2026 places ten African exchanges in a ranking that spans a $1.43 trillion leader to a $15.4 billion tenth‑place holder.

The Johannesburg Stock Exchange (JSE) dominates the continent with a total listed value of about $1.43 trillion, roughly twelve times the size of the next‑largest market and three‑quarters of the combined value of the other nine exchanges.

Nigeria’s Nigerian Exchange (NGX) is the only other African market above the $100 billion mark, reporting $119 billion in equity capitalisation based on a 16 October 2026 close.

North Africa’s Casablanca Stock Exchange records $100.2 billion, anchored by domestic pension funds and insurers, with its figure remaining stable across the first week of October.

The Egyptian Exchange (EGX) and Botswana Stock Exchange (BSE) sit almost level, with $71.5 billion and $71.0 billion respectively; the narrow gap falls within foreign‑exchange and vintage noise, making the two positions effectively tied.

The regional Bourse Régionale des Valeurs Mobilières (BRVM) serves eight West African states and ranks sixth with $36.8 billion, benefitting from the CFA franc’s peg to the euro which steadies its dollar conversion.

Kenya’s Nairobi Securities Exchange (NSE) holds the seventh spot, reporting $31.1 billion in equity capitalisation based on a 16 October 2026 session and confirming the conversion rate with the Central Bank of Kenya’s weekly bulletin.

The Ghana Stock Exchange (GSE) follows with a record $22.9 billion, driven by strong local‑currency performance and monthly reports showing consistent growth into September 2026.

Malawi’s exchange appears ninth at $15.6 billion, a figure inflated by the kwacha’s long‑term devaluation rather than a proportionate rise in real economic size.

Rounding out the top ten, Tunisia’s Bourse de Tunis records $15.4 billion, showing a slight decline from late September but maintaining its position as North Africa’s steady third‑largest market.