Zambia Leads Africa’s Rally as Its Stocks Rank Second Worldwide

Zambia’s stock market is one of the world’s top two performers this year, powered by record high copper prices and expectations of faster economic growth.

The Lusaka Securities Exchange’s benchmark index has rallied nearly 17% in dollar terms this year, second only to Bulgaria, out of the 92 stock exchanges tracked by Bloomberg. Colombia, South Korea and Turkey are the only other markets to post double-digit gains so far in 2026, while the second-best African performer is Nigeria with an 8% rally.