The Development of African Capital Markets: A Legal and Institutional Approach

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3 Citations (Scopus)


Most capital markets that have been established in developing economies like Africa have struggled to make progress over two decades down the line. Development of African Capital Markets explores why these markets have remained underdeveloped and discusses a possible development theory that can be used in designing and implementing legal and institutional reforms to reinvigorate capital markets in African and other developing countries. Boniface Chimpango analyses the weaknesses of capital markets in developing countries, and argues that legal and institutional framework for capital markets in developing countries should be tailored to the unique informal rules prevalent in each country rather than being transplanted from developed countries. This book will be of interest to scholars, students and policy makers in the fields of economic development, African Studies, law, development and regulatory policy.

Original languageEnglish
Place of PublicationLondon
PublisherTaylor and Francis Ltd.
Number of pages244
ISBN (Electronic)9781315408989, 9781315408972
ISBN (Print)9781138222045, 1138222046
Publication statusPublished - 19 Jan 2017

Publication series

NameRoutledge Contemporary Africa


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