Oluoch, Wycliffe; Ojah, Kalu - 2023
Using a mix of survey and secondary datasets on Africa, we document that banks and non-bank financial institutions … account for more than 85 percent of corporate bonds issued in Africa during 2000—2020, with a market capitalization of over 80 … percent of these bonds. Africa’s markets have modern trading infrastructures such as automated trading systems (ATSs) and …