Africa's Emerging Securities Markets: Developments in Financial Infrastructure

Rates of return for African investments are among the highest in the world yet African nations have not attracted the level of foreign direct investment required to help their economics emerge and develop. This means that African securities markets are classic emerging stock exchanges that provide investors with uncommonly attractive opportunities for portfolio diversification.

Clark's research, presented here in a concise, well-organized, easily accessed volume, gives readers an up-to-date, clear picture of Africa's investment structures and the designs of its exchanges. Covering the entire continent, Clark's book will be an important resource for investment professionals, their colleagues in the academic community, serious students and researchers, and knowledgeable private investors.