| dc.description.abstract |
This study raises a number of pertinent issues as a guide to the establishment of capital markets in Africa. It examines the issues, draws lessons from the experiences of several countries and makes recommendations for consideration by African countries at the national, sub regional. and regional levels. The significant role of credit and capital markets in the process of financial inter mediation and its relationship with economic development has been universally recognized and acknowledged. in spite of this, several impinging factors have retarded the establishment of effective capital markets in most African countries. The study highlights the constraining factors and suggests action to resolve them. |
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