Public Markets

Public Equity

Listed equity on African and global exchanges.

Abstract market illustration: public equity

Overview

Listed equity markets remain a core allocation for African asset owners, though liquidity and concentration vary considerably across exchanges.

Key issues

  1. 01Market depth and liquidity
  2. 02Index concentration
  3. 03Stewardship and engagement

Intelligence

Latest on public equity

All intelligence
  • Asset Owner IntelligenceExample

    The Case for Collective Manager Negotiation

    Individually, many African asset owners lack negotiating weight with global managers. Collectively, they can secure better terms, governance and disclosure.

    · 5 min read

  • Asset Owner IntelligenceExample

    African Asset Owner Allocation Monitor 2026

    An illustrative framework for tracking how African asset owners allocate across asset classes, geographies and structures.

    · 4 min read · PDF

Directory

Active institutions

Institution directory
  • Pension FundsExample

    Highveld Retirement Fund

    A large occupational retirement fund with an established infrastructure and private-markets programme.

    South Africa · Southern Africa

    • Infrastructure
    • Private credit
    • Listed equity
  • Pension FundsExample

    Kalahari Public Officers Fund

    A public-sector fund reviewing its domestic and offshore allocation strategy.

    Botswana · Southern Africa

    • Domestic private markets
    • Offshore diversification
  • A pan-African multi-asset manager running segregated mandates for institutional clients.

    South Africa · Southern Africa

    • Multi-asset
    • Fixed income
    • Listed equity
  • Stock ExchangesExample

    Nile Regional Securities Exchange

    A securities exchange developing green-bond and infrastructure listing segments.

    Egypt · North Africa

    • Green-bond segment
    • Infrastructure listings
  • A defined-benefit public-sector fund with a long-horizon mandate and domestic-investment requirements.

    Namibia · Southern Africa

    • Domestic unlisted investments
    • Infrastructure
    • Listed equity

Engage on public equity

Speak to Asset Owners Africa about research, convenings and capital structures in this area.