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Capital Market Development in Sub-Saharan Africa

Briefing/policy papers

Written by Judith Tyson

Capital markets play an important complementary role for bank financing for mobilising large-scale and long-term finance. Key stages include establishing a strong enabling environment followed by deepening the investor base and bringing equity and bonds to market that are tailored for new investors. Regionalisation of capital markets and the emergence of financial hubs in sub-Saharan Africa could further add to market momentum.

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