South Africa is the clear leader, recording a bond market volume of $328.8 billion and 2,952 issuances, far ahead of all other African economies.
Egypt and Morocco follow as strong contenders with bond volumes of $188.8 billion and $116.4 billion, respectively, though both trail South Africa by wide margins.
Côte d’Ivoire, Algeria, and Nigeria represent the mid-tier, each exceeding $65 billion, showing notable regional financial activity.
Smaller markets like Tunisia and Angola feature relatively lower volumes ($16.9 billion and $28.4 billion) but maintain significant issuance activity.
Mauritius leads Africa’s Peace Index with the lowest (best) score of 1.586, showing its stability and strong governance.
Southern Africa is well represented in the rankings with Mauritius, Botswana, Namibia, Madagascar, and Zambia in the top 10.
West Africa also performs strongly, represented by The Gambia, Sierra Leone, Ghana, Senegal, and Liberia.
The scores are tightly clustered (1.586–1.939), showing that Africa’s most peaceful states are relatively close in performance despite regional differences.
Mauritius is the fastest-growing hub with a 63% surge in millionaires, highlighting its rising financial services sector and favourable investment climate.
Rwanda (+48%) and Morocco (+40%) also show strong upward trends, driven by economic diversification and political stability.
Nigeria (-47%), Angola (-36%), and Algeria (-23%) recorded the steepest declines, reflecting oil dependence, currency challenges, and political instability.
Africa overall saw a -5% dip, showing that while select countries are thriving, the continent’s wealth distribution has shifted unevenly.
