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Corporate confidentiality
A brief on the underlying wisdom of corporate confidentiality.

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Understanding Equity Capital
Equity capital or financing is money raised by a business in exchange for a share of ownership in the company. Ownership is represented by owning shares of stock outright or having the right to convert other financial instruments into stock of that private company. Two key sources of equity capital for new and emerging businesses are angel investors and venture capital firms.

Introduction: Stock Market Development in Sub-Saharan Africa
This paper examines the economic importance and the future of African stock markets. It seeks to shed light on the controversial link between stock market and economic growth— from both corporate finance and macroeconomic perspectives. It also discusses policy options for promoting the development of the stock market in Africa.

III. STOCK MARKET DEVELOPMENT IN SUB SAHARAN AFRICA:TRENDS AND CHARACTERISTICS
There has been a considerable development in the African capital markets since the early 1990s. Prior to 1989, there were just five stock markets in sub-Saharan Africa and three in North Africa.

IV. THE STOCK MARKET AND THE FINANCING OF CORPORATE GROWTH IN AFRICA
Having looked at the trends and characteristics of stock markets in Africa, this section examines the contributions of the stock markets to the financing of corporate growth in Africa.

VI. A. Macroeconomic Stability: WHAT DETERMINES STOCK MARKET DEVELOPMENT IN AFRICA?
The previous section has provided enough evidence to make a convincing case that stock market development at least creates the enabling environment for a successful economic growth. The policy question, therefore, is what determines stock market development? The literature suggests that sound macroeconomic environment, well developed banking sector, transparent and accountable institutions, and shareholder protection are necessary preconditions for the efficient functioning of stock markets in Africa.

VII. A. Automation: PROMOTING STOCK MARKET DEVELOPMENT IN AFRICA
The results from the previous sections show that African stock markets are small, illiquid, with infrastructural bottlenecks and weak regulatory institutions. Despite these problems, stock markets in Africa have helped in the financing of the growth of large corporations but there is little evidence of broader economic benefits. How do you make the stock market more beneficial to African countries?

VII C Regional Integration :PROMOTING STOCK MARKET DEVELOPMENT IN AFRICA
Another proposed solution to problems faced by African stock markets is to integrate stock exchanges.

VIII. SUMMARY AND CONCLUSION: Stock Market Development in Sub-Saharan Africa
Over the past few decades, the world stock markets have surged, and emerging markets have accounted for a large amount of this boom. In Africa, new stock markets have been established in Ghana, Malawi, Swaziland, Uganda, and Zambia. The rapid development of stock markets in Africa does not mean that even the most advanced African stock markets are mature.

Choosing a Broker
Depending on the type of investing that you plan to do, you may need to hire a broker to handle your investments for you. Brokers work for brokerage houses and have the ability to buy and sell stock on the stock exchange. You may wonder if you really need a broker. The answer is yes. If you intend to buy or sell stocks on the stock exchange, you must have a broker.

Different Types of Stock
The different types of stock are what confuse most first time investors. That confusion causes people to turn away from the stock market altogether, or to make unwise investments. If you are going to play the stock market, you must know what types of stock are available and what it all means!

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