Capital Markets Development And Economic Growth A Case Study Of Stanbic Bank Head Office Kampala Uganda

Abstract

Executive Summary This dissertation is entitled "Capital markets development and economic growth". It is presented as a result of a research that was carried out in Stanbic Bank. at the head office at Cham Towers along Kampala road in Kampala, Uganda. The study was carried out basing on three specific objectives, i.e.; to find out the role of capital markets development towards investment, to identify the role of capital markets towards capital availability and to find out the role of capital markets development towards the creation of jobs. The research was in form of a correlational study, aimed at drawing the correlation between capital markets development and economic growth. The study population comprised of 124 people who, according to the records at the bank, is the total number of employees of the bank's head office, from which a study sample of 50 respondents was chosen, using simple random sampling technique. Questionnaires used in collecting both primary and secondary data. The collected data was analyzed using both qualitative and quantitative methods. The findings showed that indeed capital markets development has a role to play in economic growth (investment, capital availability and job creation) in Uganda. The researcher drew the conclusion that Capital markets development plays a significant role in economic growth in the country. The researcher recommends that fiscal authorities should put more emphasis as well as draw more attention to monitor the progress of capital markets in order to harness its various roles towards economic growth.