Zimbabwe stock market overtakes Nigeria as Africa's best performer

Zimbabwe ended July as Africa's best-performing stock market, overtaking Nigeria, after months of sustained gains. Data from African Markets shows the Zimbabwe Stock Exchange (ZSE) led the continent driven by easing inflation, a more stable local currency, and renewed investor appetite. The stock market rally reflects improved macroeconomic stability. The milestone has attracted both local and foreign investors. The stock market's gains rest on a fragile macroeconomic recovery that could reverse if currency stability falters.