Africa, are still segmented from global markets. Thus, recent structural adjustment and liberalisation policies have not … reduced stock market segmentation in Africa. This paper therefore has implications for policy makers and international …

index. Sub-Saharan Africa is also part of this trend, but is a notable laggard. For instance, in 2010 the correlation with … Africa). Additionally, correlations among African markets are generally very low. While there remain barriers to exploiting … this trend, Africa’s integration lag may present opportunities for investors seeking regional diversification …