AFRICAN EQUITY MARKETS - TESTING LATIN-AMERICA PATH

Equity Market opportunities and Sub-Saharan Africa have long been mutually exclusive propositions. However, recent developments are hinting at future profits to be reaped in the region. By year-end, over a dozen countries will have formal capital markets, and a handful more are in the process of setting up stock exchanges. Kleiman and Morrissey provide an overview of recent reforms and trends that will shape the region's capital markets into the next century.