Promotion of private investment is a necessity for capital formation in African countries. Foreign private investment in particular, is considered to be a source of the scarce capital resources, valuable technological know-how and corporate norms and practices. However, given the political...

Using a sample of 29 African countries for which adequate time series data are available this paper explores the nexus between financial development and manufactured exports. This particular relationship is especially important in the context of Africa since export diversification away from...