Rising foreign interest to spur Capital Markets

Business Daily reported that:

Creating a strong Africa domiciled investment banking industry is an essential factor to ensure capital market rewards stay in Africa. The bond market is seen growing as more countries acquire sovereign credit ratings and float debt instruments.Eighteen countries across the continent have got a sovereign issuer rating from at least one International Credit Ratings Agency.In the equities markets, increasing local private and institutional participation and new issues have improved liquidity significantly, says Mr Ken Ofori-Atta, the executive chairman of Databank Financial Services.