Top 10 CEOs Leading Africa’s Stock Exchanges

Africa’s economy is growing fast, and six of the world’s ten fastest-growing economies are in Africa. As industries like technology, consumer goods, and infrastructure drive this growth, the leaders of Africa’s stock exchanges play an important role in shaping the continent’s financial future. 

These CEOs and Managing Directors help manage the stock exchanges that are central to Africa’s economic development, supporting investments from both local and international sources.

These leaders come from different backgrounds but share the responsibility of overseeing exchanges with a combined market value of over $1.4 trillion. 

The decisions made in their offices affect millions of investors, including local pension funds and international institutions seeking to invest in Africa. Let’s look at some of these key CEOs and MDs who guide Africa’s financial markets.

Ms. Abena Amoah – Managing Director, Ghana Stock Exchange (GSE)

• Market Cap: $8.8 billion (GHS 136.99 billion)
  
• YTD Growth: 27.19%
  
• Stocks Listed: 39
  

Abena Amoah is the Managing Director of the Ghana Stock Exchange (GSE). She has over 20 years of experience in investment banking and financial advisory. Abena has played a big role in shaping Ghana’s capital markets.

Under her leadership, GSE saw a significant 56.17% increase in 2024. Before becoming MD, she led Baobab Advisors, raising over $100 million in capital.

John R. Kamanga – CEO, Malawi Stock Exchange

• Market Cap: $9.2 billion (MWK 15.89 trillion)
  
• YTD Growth: 69.52%
  
• Stocks Listed: 16
  

John Kamanga has over 18 years of experience in capital markets. He has worked on shaping market regulations and corporate finance in Malawi. Under Kamanga’s leadership, the Malawi Stock Exchange (MSE) has grown, with the All-Share Index rising 55.06% in 2024. His expertise covers market development, economics, and corporate governance.

Nicholas Kabaso – CEO, Lusaka Securities Exchange

• Market Cap: $9.7 billion (ZMW 274.61 billion)
  
• YTD Growth: 6.07%
  
• Stocks Listed: 25
  

Nicholas Kabaso became the CEO of Lusaka Securities Exchange (LuSE) in January 2024. He brings over 15 years of experience in capital markets and asset management. Kabaso’s previous experience includes serving as CEO of ABC Asset Management and working in strategic finance roles at Barclays Zambia and Mozambique. Under his leadership, LuSE continues to expand and diversify Zambia’s financial market.

Frank Mwiti – CEO, Nairobi Securities Exchange

• Market Cap: $15.16 billion (KES 1.96 trillion)
  
• YTD Growth: 16.33%
  
• Stocks Listed: 65
  

Frank Mwiti has more than 20 years of experience in finance, strategy, and governance. He is the CEO of the Nairobi Securities Exchange (NSE), East Africa’s leading stock exchange. Before joining NSE, Mwiti was a Partner and Eastern Africa Markets Leader at Ernst & Young (EY).

His leadership focuses on regional integration and global competitiveness, helping NSE become an important platform for local and international investors.

Dr. Edoh Kossi Amenounve – CEO, Bourse Régionale des Valeurs Mobilières (BRVM)

• Market Cap: $17.5 billion (XOF 10.56 trillion)
  
• YTD Growth: 4.13%
  
• Stocks Listed: 47
  

Dr. Edoh Kossi Amenounve has been the CEO of BRVM, the regional stock exchange for eight West African countries, since 2012. BRVM is known for its cross-border collaboration and financial integration. Under Dr. Amenounve’s leadership, the exchange has become more digital and regionally integrated.

He has worked extensively on improving West Africa’s capital markets and has been recognized as a leading expert in African finance.

Temi Popoola – Group Managing Director, Nigerian Exchange Group (NGX)

• Market Cap: $43.11 billion (NGN 62.763 trillion)
  
• YTD Growth: 37.65%
  
• Stocks Listed: 247
  

Temi Popoola is the Group Managing Director and CEO of Nigeria’s stock exchange, NGX. He has played an important role in transforming Nigeria’s capital markets through digital innovation. In 2024, NGX saw impressive growth, with its market capitalization rising by N21.8 trillion.

Popoola has global experience in investment banking, and his leadership has attracted both local and foreign investments to Nigeria’s stock market.

Ahmed Abdel Rahman El-Sheikh – Executive Chairman, Egyptian Exchange (EGX)

• Market Cap: $52.3 billion (EGP 718.5 billion)
  
• YTD Growth: 1.78%
  
• Stocks Listed: 30
  

Ahmed El-Sheikh is the Executive Chairman of the Egyptian Exchange (EGX), one of the leading stock exchanges in Africa. He has worked in various key financial roles and played an important part in the growth and regulation of Egypt’s financial markets. Under his leadership, EGX has continued to strengthen its position as a major financial hub in Africa.

Aobakwe Monyatsi – CEO, Botswana Stock Exchange

• Market Cap: $96.09 billion (BWP 718.5 billion)
  
• YTD Growth: 20.17%
  
• Stocks Listed: 76
  

Aobakwe Monyatsi became the CEO of Botswana Stock Exchange (BSE) in 2025. Monyatsi has two decades of financial experience, and he is focusing on improving the BSE’s digital infrastructure and attracting global capital.

Under his leadership, BSE has delivered strong annual returns, and he is committed to boosting Botswana’s financial markets.

Tarik Senhaji – CEO, Bourse de Casablanca

• Market Cap: $1.1 trillion (MAD 925.25 billion)
  
• YTD Growth: 5.40%
  
• Stocks Listed: 438
  

Tarik Senhaji is the CEO of the Bourse de Casablanca, a leading exchange in Morocco. Senhaji has worked hard to improve market transparency and make the exchange more accessible to global investors.

The Bourse de Casablanca continues to grow as a financial hub for North Africa, and Senhaji’s efforts have helped make the exchange a leading player in Africa.

Dr. Leila Fourie – CEO, Johannesburg Stock Exchange (JSE)

• Market Cap: $1.1 trillion (ZAR 20.28 trillion)
  
• YTD Growth: 6.27%
  
• Stocks Listed: 438
  

Dr. Leila Fourie is the CEO of the Johannesburg Stock Exchange (JSE), the largest stock exchange in Africa. Appointed in 2019, Dr. Fourie has led JSE’s growth and development, ensuring its competitiveness in the global market.

With over 25 years of experience in financial services, Dr. Fourie has helped the JSE become a central hub for capital raising and securities trading in South Africa.