Alternatively, investors can take a look at broader Africa-related ETFs. The Market Vectors Africa Index ETF (NYSEArca: AFK) weights countries determined by the size of its gross domestic product and includes companies that are headquartered in or generate the majority of their revenue in Africa. Top country allocations include Egypt 21.2%, South Africa 18.3% and Nigeria 16.6%. [Stimulus Package Could Bolster Egypt ETF]

ETF investors can also take targeted exposure to Egypt and Nigeria through the Market Vectors Egypt Index ETF (NYSEArca: EGPT) and Global X Nigeria Index ETF (NYSArca: NGE). [Nigeria ETF: A Froniter Markets Star]

The SPDR S&P Emerging Middle East & Africa ETF (NYSEArca: GAF) is a play on South Africa and some Sub-Saharan African countries. Country allocations include a hefty 93.1% to South Africa, 4.1% to Egypt and 2.7% to Morocco.

For more information on Africa, visit our Africa category.

Max Chen contributed to this article.