What Role for Stock Exchanges, Venture Capital and Leasing Companies in Developing the Private Sector in Africa?

Mike Faber

Chapter 9 in Constraints on the Success of Structural Adjustment Programmes in Africa, 1996, pp 174-191 from Palgrave Macmillan

Abstract: Abstract Outside an office on the second floor of the Kingsway Building, Kwame Nkrumah Avenue, Accra a bright sign cheerfully invites the visitor ‘Buy a Company Today’. It is the office of the Ghana Stock Exchange (GSE). In fact, it is not possible to buy a company through the GSE — any more than it would be feasible to do so through most of Sub-Saharan Africa’s other Emerging Market exchanges.1 What it is possible for African investors to do is to buy shares, and therefore partial ownership, of a range of publicly quoted companies. How important a step forward is that?

Keywords: Stock Market; Venture Capital; Stock Exchange; Pension Fund; Equity Capital (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-24373-0_9

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DOI: 10.1007/978-1-349-24373-0_9

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