Capital markets in sub-Saharan Africa

Githinji Njenga, Josphat Machagua and Samwel Gachanja

No wp-2022-112, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Capital markets facilitate capital growth by mobilizing savings and converting them into investments, and they are therefore a stimulant of economic growth. There is evidence that countries with high savings rates tend to grow faster. Although most sub-Saharan Africa countries recognize the importance of local capital markets and have made efforts to develop them, they have not fully reaped the expected benefits. Hence the need for interventions to accelerate capital market development.

Keywords: Capital market; Domestic savings; Investments; Saving and investment; Small and medium enterprises; Private sector (search for similar items in EconPapers)
Date: 2022
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