This fifth issue of the magazine Private Sector and Development makes a comprehensive review of developments (recent and future) on Africa’s financial markets. It also highlights their utility and their impacts on African economies and poses the questions: Is the continent not at a too early stage on its “development path” to invest in the creation of financial markets? What do stock markets really bring to businesses that decide to conduct an IPO? What is the popular base of these markets? And how do they link up with banking markets – which themselves are in their infancy in many countries?