Most developed financial markets in Africa 2022
South Africa ranked as the most developed financial market in Africa in 2022. The country scored 88 out of 100 points in the Absa Africa Financial Markets Index. Mauritius followed in the second position, with 76 points. The index assessed 26 countries following six pillars: market depth, access to foreign exchange, market transparency, tax and regulatory environment, capacity of local investors, macroeconomic opportunity, enforceability of financial contracts, and collateral positions and insolvency frameworks.
