Extending Financial Inclusion in Africa Book

Extending Financial Inclusion in Africa


  • Author : Daniel Makina
  • Publisher : Academic Press
  • Release Date : 2019-06-09
  • Genre: Business & Economics
  • Pages : 342
  • ISBN 10 : 9780128142035

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Extending Financial Inclusion in Africa Excerpt :

Extending Financial Inclusion in Africa unveils the genesis and transformation of Africa’s financial sector and its ability to provide finance for all. Contributors of the Book traverse the whole spectrum of African financial systems, examining their depth and breadth and empirically evaluating their appropriateness and effectiveness to achieve inclusive financial services. Explores the evolution of the financial sector in Africa from the pre-colonial to post-colonial era Investigates the financial inclusion–economic growth nexus Explores the role of financial regulation and governance in either enhancing or limiting financial inclusion Evaluates unintended consequences of financial inclusion, including over-indebtedness and increased propensity to spend Assesses cross-sectional evidence on the link between financial inclusion and technological developments such as the internet and mobile technology

Financial Sector Development in Africa Book

Financial Sector Development in Africa


  • Author : Thorsten Beck
  • Publisher : World Bank Publications
  • Release Date : 2012-11-27
  • Genre: Business & Economics
  • Pages : 231
  • ISBN 10 : 9780821396285

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Financial Sector Development in Africa Excerpt :

This edited volume contains eight studies of financial sector challenges in Africa that served as background studies for Financing Africa: Through the Crisis and Beyond. One of the major challenges for African financial systems is to expand financial services to a larger share of the population. The chapters in this area cover microfinance in Africa, the role of technology, reforms of payment infrastructure, and financing agriculture. Two chapters cover challenges in increasing long-term finance; one covers housing finance and the other the role of sovereign wealth fund. The book also contains a detailed discussion of bank regulation and supervision, especially in light of the current regulatory reforms in Europe and North America. The final chapter provides a political economy perspective, discussing the conditions for activist government policies in the financial sector.

Financial Development in Sub Saharan Africa Book

Financial Development in Sub Saharan Africa


  • Author : Mr.Montfort Mlachila
  • Publisher : International Monetary Fund
  • Release Date : 2016-09-14
  • Genre: Business & Economics
  • Pages : 79
  • ISBN 10 : 9781475532401

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Financial Development in Sub Saharan Africa Excerpt :

This paper discusses how sub-Saharan Africa’s financial sector developed in the past few decades, compared with other regions. Sub-Saharan African countries have made substantial progress in financial development over the past decade, but there is still considerable scope for further development, especially compared with other regions. Indeed, until a decade or so ago, the level of financial development in a large number of sub-Saharan African countries had actually regressed relative to the early 1980s. With the exception of the region’s middle-income countries, both financial market depth and institutional development are lower than in other developing regions. The region has led the world in innovative financial services based on mobile telephony, but there remains scope to increase financial inclusion further. The development of mobile telephone-based systems has helped to incorporate a large share of the population into the financial system, especially in East Africa. Pan-African banks have been a driver for homegrown financial development, but they also bring a number of challenges.

Banking in Africa  Delivering on Financial Inclusion  Supporting Financial Stability Book

Banking in Africa Delivering on Financial Inclusion Supporting Financial Stability


  • Author : European Investment Bank
  • Publisher : European Investment Bank
  • Release Date : 2018-11-21
  • Genre: Business & Economics
  • Pages : 236
  • ISBN 10 : 9789286138485

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Banking in Africa Delivering on Financial Inclusion Supporting Financial Stability Excerpt :

In its fourth edition, this report focuses on recent developments in Africa's banking sectors and the policy options for all stakeholders. The study of banking sectors across all African sub-regions includes the results of the EIB survey of banking groups operating in Africa. Three thematic chapters address challenges and opportunities for financing investment in Africa: Crowding out of private sector lending by public debt issuance The state of bank recovery and resolution laws in Africa Policy options on how to finance infrastructure development. The report finds that in many African banking markets, the last two years saw a pause in financial deepening. However, a rising share of banking groups report improving market conditions and plan a structural expansion of their operations in Africa and a continued push for new technologies.

Banking in Africa  financing transformation amid uncertainty Book

Banking in Africa financing transformation amid uncertainty


  • Author : European Investment Bank
  • Publisher : European Investment Bank
  • Release Date : 2020-02-26
  • Genre: Business & Economics
  • Pages : 222
  • ISBN 10 : 9789286144936

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Banking in Africa financing transformation amid uncertainty Excerpt :

In its fifth edition, this report focuses on recent developments in Africa's banking sectors and the policy options for all stakeholders. The study of banking sectors across all African sub-regions includes the results of the EIB survey of banking groups operating in Africa. Three thematic chapters address challenges and opportunities for financing investment in Africa: Investing sustainably in Africa's cities; Mobilising agricultural value chain financing in Africa: why and how; Remittances and financial sector development in Africa.

Financial Inclusion for Poverty Alleviation Book

Financial Inclusion for Poverty Alleviation


  • Author : Essam Yassin Mohammed
  • Publisher : Routledge
  • Release Date : 2017-12-12
  • Genre: Business & Economics
  • Pages : 260
  • ISBN 10 : 9781351595117

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Financial Inclusion for Poverty Alleviation Excerpt :

More than one billion people still live below the poverty line – most of them in South Asia and Sub-Saharan Africa. Financial inclusion is a major issue, as more than three-quarters of the numbers of poor and disadvantaged women and men do not have access to financial products and services, such as bank accounts, affordable and suitable loans, and insurance. The key objective of this book is to provide practical case studies of financial inclusion, rather than focus on academic debates such as the ideological basis of promoting microfinance. Using the recently adopted Sustainable Development Goals as an overall framing of the issues, it shows how poor and disadvantaged women and men can be bankable if the right facilitation for maximizing opportunities and addressing constraints are in place. Case studies confirm that achieving inclusive and sustainable access to financial products and services goes beyond simply enabling poor and disadvantaged women and men to have access to credit, or the ability to open a bank account. Examples from Africa, Asia and Latin America demonstrate encouraging progress in making microcredit accessible to millions of poor people. The foremost challenge, however, has been to ensure that they have access to, and usage intensity of, suitable and affordable financial products and services that meet the needs of their livelihoods as well as risks and mitigation strategies. This requires understanding that poor and disadvantaged women and men do not exist in isolation from complex and interdependent functions in the financial system, which includes a number of actors, diversified services, constraints (not just symptoms) and capacities and incentives. Overall, the book provides a rich source of examples of how building inclusive financial systems can empower the world's poor – by increasing income and employment opportunities, securing livelihoods and reducing poverty.

The Global Findex Database 2017 Book

The Global Findex Database 2017


  • Author : Asli Demirguc-Kunt
  • Publisher : World Bank Publications
  • Release Date : 2018-04-19
  • Genre: Business & Economics
  • Pages : 148
  • ISBN 10 : 9781464812682

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The Global Findex Database 2017 Excerpt :

In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.

Banking in Sub Saharan Africa Book

Banking in Sub Saharan Africa


  • Author : Mr.Montfort Mlachila
  • Publisher : International Monetary Fund
  • Release Date : 2013-09-26
  • Genre: Business & Economics
  • Pages : 32
  • ISBN 10 : 9781484344538

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Banking in Sub Saharan Africa Excerpt :

Many countries in sub-Saharan Africa (SSA) have seen accelerated growth for an extended period of time since the mid-1990s, making a clear break with their long stagnant growth during the previous two decades. That said, the region faces significant challenges over the medium to long term, including reducing poverty, overcoming infrastructure bottlenecks, enhancing productivity and skill levels, and improving the business climate, among others. The banking sector remains underdeveloped in SSA, thus reducing its contribution to growth, although its limited integration with global financial markets helped countries weather adverse effects of the global financial crisis. It is imperative that the banking sector plays a more active role in SSA, in order to achieve sustainable growth led by the private sector. This paper, building on the recent literature on SSA, discusses the main features of the region’s growth and macroeconomic performance in recent years and the outlook for the coming years; it then reviews the main features of SSA banking systems and how they were affected by the global economic crisis, while flagging some factors that could influence financial sector developments in SSA in the period ahead.

Economic Growth and Financial Development Book

Economic Growth and Financial Development


  • Author : Muhammad Shahbaz
  • Publisher : Springer Nature
  • Release Date : 2021-09-21
  • Genre: Business & Economics
  • Pages : 237
  • ISBN 10 : 9783030790035

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Economic Growth and Financial Development Excerpt :

This book looks into the relationship between financial development, economic growth, and the possibility of a potential capital flight in the transmission process. It also examines the important role that financial institutions, financial markets, and country-level institutional factors play in economic growth and their impact on capital flight in emerging economies. By presenting new theoretical insights and empirical country studies as well as econometric approaches, the authors focus on the relationship between financial development and economic growth with capital flight in the era of financial crisis. Therefore, this book is a must-read for researchers, scholars, and policy-makers, interested in a better understanding of economic growth and financial development of emerging economies alike.

Microfinance in Africa Book

Microfinance in Africa


  • Author : Mr.Rodolphe Blavy
  • Publisher : International Monetary Fund
  • Release Date : 2004-09-01
  • Genre: Business & Economics
  • Pages : 24
  • ISBN 10 : 9781451858723

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Microfinance in Africa Excerpt :

Based on the experience of selected countries, this paper offers a critical presentation of the development of the microfinance sector in Africa. The paper supports the view that microfinance institutions, especially those engaged in full financial intermediation, complement effectively the banking sector in extending financial services and successfully draw on the rich experience of community-based development and preexisting informal methods of financial intermediation in Africa. Growing linkages between microfinance institutions and the banking system and the dissemination of good practices by nongovernment organizations contribute to the sound development of the sector, supported by regulation and supervision by local authorities.

FinTech in Sub Saharan African Countries Book

FinTech in Sub Saharan African Countries


  • Author : Mr.Rodolfo Maino
  • Publisher : International Monetary Fund
  • Release Date : 2019-02-14
  • Genre: Business & Economics
  • Pages : 61
  • ISBN 10 : 9781484399453

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FinTech in Sub Saharan African Countries Excerpt :

FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial industry. While it raises concerns on the emergence of vulnerabilities, FinTech challenges traditional structures and creates efficiency gains by opening up the financial services value chain. Today, FinTech is emerging as a technological enabler in the region, improving financial inclusion and serving as a catalyst for the emergence of innovations in other sectors, such as agriculture and infrastructure.

The Exclusionary Politics of Digital Financial Inclusion Book

The Exclusionary Politics of Digital Financial Inclusion


  • Author : Serena Natile
  • Publisher : Routledge
  • Release Date : 2020-02-10
  • Genre: Political Science
  • Pages : 166
  • ISBN 10 : 9780429603778

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The Exclusionary Politics of Digital Financial Inclusion Excerpt :

Focusing on Kenya’s path-breaking mobile money project M-Pesa, this book examines and critiques the narratives and institutions of digital financial inclusion as a development strategy for gender equality, arguing for a politics of redistribution to guide future digital financial inclusion projects. One of the most-discussed digital financial inclusion projects, M-Pesa facilitates the transfer of money and access to formal financial services via the mobile phone infrastructure and has grown at a phenomenal rate since its launch in 2007 to reach about 80 per cent of the Kenyan population. Through a socio-legal enquiry drawing on feminist political economy, law and development scholarship and postcolonial feminist debate, this book unravels the narratives and institutional arrangements that frame M-Pesa’s success while interrogating the relationship between digital financial inclusion and gender equality in development discourse. Natile argues that M-Pesa is premised on and regulated according to a logic of opportunity rather than a politics of redistribution, favouring the expansion of the mobile money market in preference to contributing to substantive gender equality via a redistribution of the revenue and funding deriving from its development. This book will be of particular interest to scholars and students in Global Political Economy, Socio-Legal Studies, Gender Studies, Law & Development, Finance and International Relations.

The Promise of Fintech Book

The Promise of Fintech


  • Author : Ms.Ratna Sahay
  • Publisher : International Monetary Fund
  • Release Date : 2020-07-01
  • Genre: Business & Economics
  • Pages : 83
  • ISBN 10 : 9781513512242

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The Promise of Fintech Excerpt :

Technology is changing the landscape of the financial sector, increasing access to financial services in profound ways. These changes have been in motion for several years, affecting nearly all countries in the world. During the COVID-19 pandemic, technology has created new opportunities for digital financial services to accelerate and enhance financial inclusion, amid social distancing and containment measures. At the same time, the risks emerging prior to COVID-19, as digital financial services developed, are becoming even more relevant.

Banking the World Book

Banking the World


  • Author : Robert Cull
  • Publisher : MIT Press
  • Release Date : 2013
  • Genre: Business & Economics
  • Pages : 511
  • ISBN 10 : 9780262018425

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Banking the World Excerpt :

Experts report on the latest research on extending access to financial services to the 2.5 billion adults around the world who lack it. About 2.5 billion adults, just over half the world's adult population, lack bank accounts. If we are to realize the goal of extending banking and other financial services to this vast "unbanked" population, we need to consider not only such product innovations as microfinance and mobile banking but also issues of data accuracy, impact assessment, risk mitigation, technology adaptation, financial literacy, and local context. In Banking the World, experts take up these topics, reporting on new research that will guide both policy makers and scholars in a broader push to extend financial markets. The contributors consider such topics as the complexity of surveying people about their use of financial services; evidence of the impact of financial services on income; the occasional negative effects of financial services on poor households, including disincentives to work and overindebtedness; and tools for improving access such as nontraditional credit scores, financial incentives for banking, and identification technologies that can dramatically reduce loan default rates.

Microfinance in Africa Book

Microfinance in Africa


  • Author : S. Rajagopalan
  • Publisher : Unknown
  • Release Date : 2009
  • Genre: Africa
  • Pages : 199
  • ISBN 10 : STANFORD:36105133116108

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Microfinance in Africa Excerpt :

Africa is home to some of the poorest and vulnerable populations in the world. The ten poorest countries in the world are in Africa. Sub-Saharan Africa is the region with the highest incidence and greatest depth of poverty in the world. Fewer than one in five adults in Africa has access to the services of a formal or semi-formal financial institution. Microfinance in Africa is growing, though. A broad range of diverse institutions offer financial services to the poor and low-income clients in Africa. These include non-governmental organizations, non-banking financial institutions, cooperatives, credit unions, rural banks, Rotating Savings and Credit Associations (ROSCAs), postal financial institutions and an increasing number of commercial banks. Increasingly, technology is being used to expand microfinance outreach mobile phone banking is one such example. This book provides an overview of the microfinance sector in Africa, reviews the performance and impact of microfinance institutions in the region, and outlines some of the opportunities and challenges that African microfinance has on hand.