The Africa Capital Markets Report 2026 is dedicated to the memory of our colleague Moonga Chitambo Chinika, whose wisdom, experience and kindness were valued by all who worked beside him.
This report has been prepared by the Capital Markets and Financial Institutions Division of the OECD Directorate for Financial and Enterprise Affairs under the supervision of Serdar Çelik, Head of Division.
Chapter 1 was prepared by Christian Adderley, Jordi Iranzo and Oliver Garrett-Jones, Chapter 4 by Luca Policino and Sam Foxall, with the support of Finn-Jona Loddoch, and Chapter 8 by Moonga Chitambo Chinika, under the supervision of Fatos Koc, Head of the Financial Markets Unit.
Chapter 2 was prepared by Fianna Jurdant, Tugba Mulazimoglu and Gülgün Arikan under the supervision of Alejandra Medina, Head of the Financial Economics Team and Daniel Blume, Head of the Corporate Governance Unit, and Chapter 3 by Carl Magnus Magnusson and Laura Torelli under the supervision of Alejandra Medina.
Chapter 5 was prepared by Charlélie Lecanu under the supervision of Sara Sultan, Head of the State-Owned Enterprises Unit. Additional feedback was provided by Gian Piero Cigna (Head of the Financial Law Unit, European Bank for Reconstruction and Development), Natalie Manuilova (Senior Economist, Fiscal Affairs Department, International Monetary Fund) and the World Bank Group.
Chapter 6 was prepared by Blanca Gené Orriols with the assistance of Ayşe Beril Kocamanoğlu, and under the supervision of Pablo Antolin, Head of the Insurance and Pensions Unit.
Chapter 7 was prepared by Anna Pons and Thomas Montcourrier under the supervision of Miles Larbey, Head of Financial Consumer Protection, Education and Inclusion Unit.
Chapter 9 was prepared by Adriana De La Cruz, Devran Zeyrek and Karita Rehder under the supervision of Caio de Oliveira, Head of the Sustainable Finance and Corporate Governance Team. Additional feedback was provided by Allswell Abankwa (Assistant Director of the Bank of Ghana), the Financial Secretary of the Ministry of Finance of Mauritius, Denis Mugagga (Head of the Climate Finance Unit, Ministry of Finance, Planning and Economic Development of Uganda), and Oswald Mungule (Senior Analyst, Bank of Zambia).
Mathilde Le Pichon and Julia Swain provided editorial and communications support.