Aufstrebende Märkte? Die Börsenlandschaft in Afrika

Andreas K. Bittner

Africa Spectrum, 1998, vol. 33, issue 2, 157-188

Abstract: Although the Johannesburg Stock Exchange started trading in 1887 bourses are a relatively new phenomenon in Africa. The article provides an overview of the - meanwhile - 18 stock exchanges on the continent and of their main characteristics. By global and even by emerging market standards they are small, have only limited liquidity and are technologically backward. Nevertheless it is argued that African stock exchanges could play an important role in deepening and restructuring African financial systems and in facilitating the privatisation processes. They could probably also be a window of opportunity for the African public and corporate sector to reintegrate into the globalisation process.

Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:gig:afjour:v:33:y:1998:i:2:p:157-188

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