The trading floor of the Johannesburg Stock Exchange. African capital markets are facing growth obstacles, among them low liquidity and new listings drought. PHOTO FILE | AFP
Africa’s capital markets are facing growth obstacles, among them low liquidity, new listings drought and lack of product diversity, a new report shows.
The second edition of the Africa Financial Markets Index (AFMI) shows that despite African countries implementing policies to bolster regional stockmarket integration and encourage expansion, the capital markets remain fragmented and shallow, compared with their Latin American and Asian peers.
