Despite recent reforms, many African stock exchanges face low trading volumes and recent history of civil conflict and regional strife [ in some regions ], may deter investors local and international investors.

In addition, inconsistent regulatory enforcement could erode investor confidence. Economic & political stability, including transparent and predictable governance will be critical for success.

By aligning with regional initiatives like the AfCFTA and embracing innovative financial products, small/medium-size markets can re-position their economy’s which may serve as a catalyst for growth.