Abstract

The study discusses the theoretical issues surrounding the African stock markets and portfolio performance. It examines the issues underpinning the perception of market inefficiency in African stock markets. It has been proposed that the solution to problems faced by African stock markets is to integrate their stock exchanges by merging the stock exchanges. The study adopted an exploratory research design, so as to gather preliminary information and helpexplore theoretical issues surrounding the African stock markets and portfolio performance.  

Key words: Africa, stock markets, regional integration, portfolio performance.