Africa: Roles of Stock Markets, Banks for National Development

column

On some of my recent columns I have been encouraging enterprises, real estate developers, local governments, the central government (mainly through privatization and implementing legislative actions) to use the local capital market to raise long term capital through equity and debt instruments for the purpose of financing their growth and development, improving the welfare of our people, and achieving financial and economic empowerment through ownership of companies and projects in some key sectors of our economy.

For commercial and community banks (either privately owned, publicly owned or those owned by the government), capital inadequacy or lack of long term funding sources or because of maturity mismatch challenges have been some of the key reasons hindering their lending capacity to key productive sectors of our economy, especially those with a long term view, such as real estate development, agriculture sector, manufacturing and projects that requires long term financing .

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.