It has also become possible to unbundle the various risks implicit in any single financial instrument – for example market risk, credit risk and liquidity risk – and to trade these risks separately. As for disintermediation and securitisation, it is true that securities markets have become increasingly important in providing funding to businesses.
The thrust of such developmental strategy must be focused towards harnessing the continent’s rich natural resources, and managing them in such a way as to become a major player in the global economy without sacrificing the need for an inclusive development. This can be done through government intervention and later adoption of free market to promote economic growth.