Some sectors and leading companies in Africa are holding up in the face of the weakening overall performance on the continent's stock markets.

Les Bourses africaines , like their international colleagues, have had for the most part a rocky year. But they have registered a broad downward trend, following what the American financial expert Bloomberg called “a brutal year” for the markets, which are shaken by macroeconomic uncertainties, the conflict in Ukraine, the rise in interest rates and inflation.

Indeed, the S&P 500 index in New York has fallen by -19.68% since January, the German DAX30 is losing ground with -13.28%, while the French CAC40 is down by -10.59%. The data compiled for Jeune Afrique by African Markets, the platform dedicated to African financial markets led by Romuald Yonga and Jean-Julien Ilunga, mention that the best performances according to stock market indices on the continent were recorded in Egypt (+27%), Zambia (+23%), Tunisia (+15%), Zimbabwe (+37%), Mauritius (+33%) and Nigeria (+14%).

Apart from Tunis, two other major stock markets in French-speaking Africa recorded rather disappointing annual performances, namely Casablanca (-15%) and, to a lesser extent, the Abidjan Regional Securities Exchange (BRVM) (-2.6%).