This Guidebook presents the state and profiled of fixed income markets in Africa, providing coverage on all 53 countries in the continent as the first quarter of 2007. It also presents the economic rationale for fixed income markets, suveys the existence of such markets in Africa, assesses their state of development and finally, determines the framework that needs to be in place in those African capital markets in order to strengthen them and bring them on par with other developed markets in the world.