Rwandan and Tanzanian stockmarkets ranked among Africa’s top six performers

A quarterly market report by analysts at AfricanFinancials Group shows that Rwanda Stock Exchange (RSE) and Dar es Salaam stock Exchange (DSE) registered 7.2 per cent and 9.1 per cent returns respectively during the 12 months period to June this year.

The report dubbed Sub-Sahara Africa Top 30 Companies (excluding South Africa) shows that other African exchanges that performed well during the period included Nigeria which recorded a return of 20.9 per cent , Zambia (12.1 per cent), Seychelles (five per cent) and Botswana (2.8 per cent).

The report dated July 2022 shows that between June 2021 and June 2022, investors on the Nairobi Securities Exchange (NSE) and Uganda Securities Exchange (USE) lost 28.2 per cent and 20 per cent of the value of their investments, respectively.