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The Index ranks the maturity, openness and accessibility of 17 financial markets in Africa, based on both qualitative and quantitative criteria.
Development💪 of local investor capacity and ability to attract foreign capital are key points of focus.
The 17 markets surveyed🔎 are, Botswana, Egypt, Ethiopia, Ghana, Ivory Coast, Kenya, Mauritius, Morocco, Mozambique, Namibia, Nigeria, Rwanda, Seychelles, South Africa, Tanzania, Uganda and Zambia.
Given its size and historical position, South Africa tops☝ the 2017 list, despite poor recent macroeconomic performance, based on the strength of its financial markets as well as its relative openness and transparency for transactions. Others are closing the gap.
Mauritius and Botswana have strengths in tax and regulation and access to foreign exchange.
Kenya and Ghana🇬🇭 provide signs of progress as Ghana ranks 7⃣th. Ivory Coast, with a low overall score, is home to a growing regional bourse, pointing to future improvement.
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