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This report by FSD Africa, BII, and Copernican Securities examines the potential for securitisation to deepen capital markets in sub-Saharan Africa. It identifies a significant private credit gap and argues that while South Africa has a mature market, other African nations face substantial regulatory, legal, and capacity barriers. The report recommends a holistic approach to regulatory reform, increased technical assistance from MDBs and DFIs, and the adoption of standardised data reporting to attract institutional investors.

This progress report by FSD Africa details the organization's efforts to deepen African capital markets to mobilize long-term, local currency finance for sustainable development. The report outlines a four-pronged strategy focusing on policy and regulatory development, market infrastructure, capital market product innovation, and convening and advocacy. FSD Africa highlights its role as a neutral facilitator, leveraging technical assistance and grants to address systemic barriers such as risk-averse institutional investors and underdeveloped regulatory frameworks, with a specific emphasis on green, social, and gender-themed financing.

This report by FSD Africa evaluates the Africa Regulatory Support Programme (ARSP), which provided technical assistance to capital markets regulators across Africa from September 2018 to March 2023. The document outlines key lessons from interventions in eight countries and three regional blocs, emphasizing the need to balance international best practices with local context, the challenges of regulatory and market capacity, and the importance of sequencing and clustering interventions for maximum impact.

This scoping report by FSD Africa evaluates the feasibility of developing a green bond market within the West African Economic and Monetary Union (WAEMU). It identifies significant barriers, including underdeveloped regional financial markets, a lack of government-led climate initiatives, and limited stakeholder familiarity with international green bond standards. The report provides recommendations for capacity building, regulatory harmonization, and the identification of bankable green projects to attract both public and private investment for climate mitigation and adaptation.

The WAEMU Green Bond Scoping Report, published by FSD Africa in September 2022, evaluates the feasibility of developing a Green Bond market within the West African Economic and Monetary Union. The report identifies significant potential for sovereign and corporate issuance, particularly in energy, agriculture, and transportation, but highlights critical barriers including underdeveloped regional financial markets, a lack of government focus on climate-resilient regulatory frameworks, and limited technical capacity among stakeholders to meet international green standards. It recommends targeted capacity building, the development of harmonized regional guidelines, and the use of technical assistance and risk-transfer instruments to attract investors and build a pipeline of bankable green projects.

The Capital Markets Impact Report by FSD Africa details the organization's efforts to develop African capital markets to address financing gaps in infrastructure, housing, and climate resilience. The report outlines FSD Africa's strategic shift toward five priority countries—Ethiopia, Ghana, Kenya, Morocco, and Nigeria—while maintaining a regional footprint. It highlights the use of technical assistance, grants, and direct investments to foster green and gender bonds, improve regulatory frameworks, and enhance market infrastructure to reduce dependency on bank-dominated financial sectors.

The FSD Africa Impact Report documents the organization's efforts since 2012 to reduce poverty in sub-Saharan Africa by strengthening financial markets. It details achievements in financial inclusion, capital market development, and institutional capacity building, while outlining a strategic shift toward 'FSD 2.0' to focus on jobs, basic services, and sustainable futures in response to challenges like Covid-19 and climate change.

This report provides a comparative analysis of the legal and regulatory frameworks governing artisanal gold mining within the West African Economic and Monetary Union (UEMOA). It identifies systemic gaps in strategic planning, institutional management, and normative application, while proposing an integrated approach through the creation of 'reserved gold mining zones' to promote sustainable and formalised practices.

This 2020 diagnostic report by FSD Africa analyzes the availability and hurdles of long-term finance (LTF) in Côte d’Ivoire, focusing on infrastructure, housing, and enterprise sectors. It identifies significant funding gaps and a financial system dominated by short-term bank lending, which is further constrained by government borrowing and tightening regional regulations. The report provides a comprehensive set of operational and structural recommendations to deepen domestic financial markets and increase the supply of LTF.

This report describes a workshop held from July 1 to 5, 2019, in Ouagadougou, Burkina Faso, focused on managing community development related to the mining industry for member states of the West African Economic and Monetary Union (WAEMU). Organized by the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) and the WAEMU Commission, the event aimed to improve the use of mining local development funds (MLDFs) and other community development tools.

This report by the Institute for Security Studies analyzes the political and economic instability within the Central African Economic and Monetary Community (CEMAC) region. It examines how a decline in global commodity prices, coupled with neo-patrimonial governance and rapid population growth, creates a volatile environment. The authors use the International Futures (IFs) system to forecast trends up to 2040, warning that without significant investments in human capital and democratic reform, the region faces increased risks of instability and violence.

This report details a training workshop held from September 18 to 22, 2017, in Ouagadougou, Burkina Faso, for government officials from the West African Economic and Monetary Union (UEMOA) member states. Organized by the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) and the UEMOA Commission, the workshop focused on optimizing national economic participation in the mining sector's value chain through local content policies, employment, infrastructure, and mineral processing.

This report documents a training workshop held from September 18 to 22, 2017, in Ouagadougou, Burkina Faso, for officials from the West African Economic and Monetary Union (UEMOA) member states. The workshop, organized by the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) and the UEMOA Commission, focused on optimizing national economic participation in the mining value chain, specifically regarding local content, employment, infrastructure, and mineral processing.