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Securities Markets Development in Africa Mobile Financial Services, Efficient Remittance Flows & Diaspora Investment Securities

Author Name: Samuel O. Onyuma | Format: Paperback | Genre : Business, Investing & Management | Other Details

Despite the many institutional reforms undertaken to foster financial development, securities markets in Africa remain underdeveloped – shallow in listing and liquidity, with high price volatility. The reforms have not catapult the development of these markets to global standards. Although Africa receives a sizable portion of the total recorded Diaspora remittances to developing economies, remittances have now surpassed the volume of development aid, foreign direct investments and portfolio investment in Africa. How can African securities exchanges facing the challenge of integration and better technical and institutional development address the problem of low liquidity? Efficiently mobilized Diaspora remittance flows can contribute to more investments in these markets. This book examines the strategic policy options for the development of securities markets in Africa through efficient remittance flow from Africans in the Diaspora, harnessing the mobile financial services and designing Diaspora investment securities. Finance scholars interested in understanding the crucial link between migration, remittances and securities markets development will find the book as a useful learning and research reference material. Securities markets managers and regulators interested in developing their markets will also find the book important in designing institutional reforms targeted at promoting Diaspora remittances flows and fostering market development.

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Samuel O. Onyuma

Samuel Onyuma has been a faculty member at Egerton University since 1999, where he served as Chair of the Department of Economics and Business Studies. He later joined Laikipia University in 2013, where he currently teach and supervise postgraduate students, and conducts research in the vast area of finance and financial markets. His interest is in analyzing securities market efficiency, microstructure, governance, regulatory issues and development in emerging economies. Samuel has spoken at local and international conferences on financial development, securities markets integration, regulation and corporate governance issues. He has authored three academic books, and published several articles on African securities markets in international peer-reviewed journals. He consults widely for regional securities exchanges, regulatory agencies and international development organizations, including the World Bank.