Global investors are increasingly turning to African markets this year, drawn by high returns amid rising trade tensions and geopolitical uncertainty, Bloomberg reports.

Ghana has emerged as the continent’s standout performer in dollar terms, with Zambia close behind. Nigeria, Kenya, and South Africa also feature among the world’s top-performing markets, highlighting a regional shift in investment interest.

Market analysts point to a convergence of factors driving gains. Reforms aimed at trimming budget deficits, slowing inflation, and recent interest rate cuts have improved valuations across the region. Charlie Robertson, head of macro-strategy at FIM Partners, said the US dollar’s retreat, fuelled by concerns over tariffs and slower global demand, has amplified investor appetite for emerging markets.

Commodities are adding momentum. Ghana, Zambia, and South Africa are benefiting from soaring prices, with platinum up nearly 75 percent, copper 18 percent, and gold surging 48 percent, as supply pressures and safe-haven buying push returns higher.