Dangote IPO fever could deepen Africa’s capital markets, Citi Bank executive says

Policymakers and development lenders, including the African Development Bank, opens new tab, are increasingly focused on tapping Africa's growing pools of capital, from retail savings to pension and insurance funds, to help finance the trillions of dollars needed for infrastructure and development."African issuers have more ​options now than they did in the past," Dawodu said, citing domestic capital markets, export credit agency financing, credit-enhanced structures, and concessional borrowing."The size of the stock exchanges across Africa, (Johannesburg) excepted, is very small relative to the capital available," Dawodu ​said.