Egypt Ranks Among Africa’s Top 10 Most Developed Capital Markets

Egypt secured a place among Africa’s top 10 most developed capital markets, underscoring its growing role as a regional financial hub supported by market size, asset diversity, and an increasingly sophisticated investment environment.

According to a recent report published by Business Insider Africa, Egypt was included in the latest ranking of the Absa Africa Financial Markets Index, which evaluates the depth and maturity of capital markets across the continent. 

The ranking comes as African economies enter 2026 amid a rapidly evolving global financial landscape, placing renewed emphasis on market depth as a pillar of economic growth and financial stability.

Market depth is typically measured by liquidity levels, the diversity of listed equities and bonds, and the presence of regulatory frameworks that encourage participation and long-term investment. Egypt’s strong performance reflects the breadth of its financial instruments and its ability to attract both domestic and international investors.

The list is led by South Africa, which remains the continent’s largest and most liquid financial market. It is followed by Morocco and Mauritius, with Botswana and Nigeria also ranking among the most developed. Other countries included in the top ten are Tanzania, Namibia, Tunisia, and Uganda, which represent smaller but steadily advancing markets focused on deepening their financial ecosystems.

Analysts note that strengthening capital market depth is critical for achieving long-term development goals. Well-functioning equity and bond markets support financial stability, enhance investor confidence, and improve the efficient allocation of savings toward productive investment.

Deep capital markets also provide governments and corporations with vital financing channels for infrastructure projects, expansion plans, and social development programs, while reducing over-reliance on external funding and traditional bank credit.

Egypt’s inclusion in the ranking highlights ongoing efforts to modernize its financial sector and reinforces its position as one of Africa’s most influential capital markets at a time when resilient domestic financing has become increasingly important for emerging economies.