African equity markets show limited integration with global counterparts, impacting investment.
The study looked at how African stock markets are connected to global markets. They found that most African markets are influenced mainly by local factors, not global ones. South Africa has some influence on other African markets, but not much. Overall, African markets are not closely tied to world markets, except for South Africa and Namibia. This suggests that African markets are not as integrated with the rest of the world as other regions.