Extending Financial Inclusion in Africa

Extending Financial Inclusion in Africa
Author: Daniel Makina
Publsiher: Academic Press
Total Pages: 342
Release: 2019-06-09
ISBN 10: 0128142030
ISBN 13: 9780128142035
Language: EN, FR, DE, ES & NL

Extending Financial Inclusion in Africa Book Review:

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

Banking in Africa financing transformation amid uncertainty

Banking in Africa  financing transformation amid uncertainty
Author: European Investment Bank
Publsiher: European Investment Bank
Total Pages: 222
Release: 2020-02-26
ISBN 10: 9286144938
ISBN 13: 9789286144936
Language: EN, FR, DE, ES & NL

Banking in Africa financing transformation amid uncertainty Book Review:

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.

Banking in Africa Delivering on Financial Inclusion Supporting Financial Stability

Banking in Africa  Delivering on Financial Inclusion  Supporting Financial Stability
Author: European Investment Bank
Publsiher: European Investment Bank
Total Pages: 236
Release: 2018-11-21
ISBN 10: 9286138482
ISBN 13: 9789286138485
Language: EN, FR, DE, ES & NL

Banking in Africa Delivering on Financial Inclusion Supporting Financial Stability Book Review:

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.

Financial Sector Development in Africa

Financial Sector Development in Africa
Author: Thorsten Beck,Samuel Munzele Maimbo
Publsiher: World Bank Publications
Total Pages: 231
Release: 2012-11-27
ISBN 10: 0821396285
ISBN 13: 9780821396285
Language: EN, FR, DE, ES & NL

Financial Sector Development in Africa Book Review:

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

Financial Development in Sub Saharan Africa
Author: Mr.Montfort Mlachila,Ahmat Jidoud,Ms.Monique Newiak,Bozena Radzewicz-Bak,Ms.Misa Takebe
Publsiher: International Monetary Fund
Total Pages: 79
Release: 2016-09-14
ISBN 10: 1475532407
ISBN 13: 9781475532401
Language: EN, FR, DE, ES & NL

Financial Development in Sub Saharan Africa Book Review:

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.

Financial Inclusion for Poverty Alleviation

Financial Inclusion for Poverty Alleviation
Author: Essam Yassin Mohammed,Zenebe Bashaw Uraguchi
Publsiher: Routledge
Total Pages: 260
Release: 2017-12-12
ISBN 10: 1351595113
ISBN 13: 9781351595117
Language: EN, FR, DE, ES & NL

Financial Inclusion for Poverty Alleviation Book Review:

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.

Developing Africa s Financial Services

Developing Africa s Financial Services
Author: Dana T. Redford
Publsiher: Emerald Group Publishing
Total Pages: 288
Release: 2017
ISBN 10: 178714187X
ISBN 13: 9781787141872
Language: EN, FR, DE, ES & NL

Developing Africa s Financial Services Book Review:

Financial services are an essential element in powering entrepreneurial activity beyond resource extraction in Africa. This book examines the macro-trends and highlights inspiring success stories of entrepreneurial financial sector ventures that are making a lasting contribution to the economic development of various sub-Saharan African countries.

The Exclusionary Politics of Digital Financial Inclusion

The Exclusionary Politics of Digital Financial Inclusion
Author: Serena Natile
Publsiher: Routledge
Total Pages: 166
Release: 2020-02-10
ISBN 10: 0429603770
ISBN 13: 9780429603778
Language: EN, FR, DE, ES & NL

The Exclusionary Politics of Digital Financial Inclusion Book Review:

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 Global Findex Database 2017

The Global Findex Database 2017
Author: Asli Demirguc-Kunt,Leora Klapper,Dorothe Singer,Saniya Ansar
Publsiher: World Bank Publications
Total Pages: 148
Release: 2018-04-19
ISBN 10: 1464812683
ISBN 13: 9781464812682
Language: EN, FR, DE, ES & NL

The Global Findex Database 2017 Book Review:

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

Banking in Sub Saharan Africa
Author: Mr.Montfort Mlachila,Mr.Masafumi Yabara
Publsiher: International Monetary Fund
Total Pages: 32
Release: 2013-09-26
ISBN 10: 1484344537
ISBN 13: 9781484344538
Language: EN, FR, DE, ES & NL

Banking in Sub Saharan Africa Book Review:

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.

Handbook of Research on Institution Development for Sustainable and Inclusive Economic Growth in Africa

Handbook of Research on Institution Development for Sustainable and Inclusive Economic Growth in Africa
Author: Osabuohien, Evans S.,Oduntan, Emmanuel A.,Gershon, Obindah,Onanuga, Olaronke,Ola-David, Oluyomi
Publsiher: IGI Global
Total Pages: 507
Release: 2020-12-04
ISBN 10: 1799848183
ISBN 13: 9781799848189
Language: EN, FR, DE, ES & NL

Handbook of Research on Institution Development for Sustainable and Inclusive Economic Growth in Africa Book Review:

African countries are pursuing a number of development agendas toward achieving economic growth that is inclusive, pro-poor, and sustainable, particularly the type that can unleash the potential of women and booming youthful populations. However, available evidence shows that many African countries have experienced economic hardships and have performed more poorly than other developing and emerging countries in the global south. The Handbook of Research on Institution Development for Sustainable and Inclusive Economic Growth in Africa is an essential research publication that provides comprehensive research on the processes of building viable institutions in Africa that will serve as the fulcrum for utilizing and managing resources as well as promoting economic growth that is inclusive and sustainable. Featuring topics such as climate change, financial development, and poverty, this book is ideal for researchers, policymakers, developers, economic professionals, academicians, government officials, business professionals, and students.

Economic Growth and Financial Development

Economic Growth and Financial Development
Author: Muhammad Shahbaz,Alaa Soliman,Subhan Ullah
Publsiher: Springer Nature
Total Pages: 237
Release: 2021-09-21
ISBN 10: 3030790037
ISBN 13: 9783030790035
Language: EN, FR, DE, ES & NL

Economic Growth and Financial Development Book Review:

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.

FinTech in Sub Saharan African Countries

FinTech in Sub Saharan African Countries
Author: Mr.Rodolfo Maino,Mr.Alexander Massara,Hector Perez Saiz,Preya Sharma,Mr.Amadou N Sy
Publsiher: International Monetary Fund
Total Pages: 61
Release: 2019-02-14
ISBN 10: 1484399455
ISBN 13: 9781484399453
Language: EN, FR, DE, ES & NL

FinTech in Sub Saharan African Countries Book Review:

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.

Microfinance in Africa

Microfinance in Africa
Author: S. Rajagopalan
Publsiher: Unknown
Total Pages: 199
Release: 2009
ISBN 10: 1928374650XXX
ISBN 13: STANFORD:36105133116108
Language: EN, FR, DE, ES & NL

Microfinance in Africa Book Review:

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.

The Promise of Fintech

The Promise of Fintech
Author: Ms.Ratna Sahay,Mr.Ulric Eriksson von Allmen,Ms.Amina Lahreche,Purva Khera,Ms.Sumiko Ogawa,Majid Bazarbash,Ms.Kimberly Beaton
Publsiher: International Monetary Fund
Total Pages: 83
Release: 2020-07-01
ISBN 10: 1513512242
ISBN 13: 9781513512242
Language: EN, FR, DE, ES & NL

The Promise of Fintech Book Review:

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.

Money from Nothing

Money from Nothing
Author: Deborah James
Publsiher: Stanford University Press
Total Pages: 304
Release: 2014-11-19
ISBN 10: 0804793158
ISBN 13: 9780804793155
Language: EN, FR, DE, ES & NL

Money from Nothing Book Review:

Money from Nothing explores the dynamics surrounding South Africa's national project of financial inclusion—dubbed "banking the unbanked"—which aimed to extend credit to black South Africans as a critical aspect of broad-based economic enfranchisement. Through rich and captivating accounts, Deborah James reveals the varied ways in which middle- and working-class South Africans' access to credit is intimately bound up with identity, status-making, and aspirations of upward mobility. She draws out the deeply precarious nature of both the aspirations and the economic relations of debt which sustain her subjects, revealing the shadowy side of indebtedness and its potential to produce new forms of oppression and disenfranchisement in place of older ones. Money from Nothing uniquely captures the lived experience of indebtedness for those many millions who attempt to improve their positions (or merely sustain existing livelihoods) in emerging economies.

Tanzania Economic Update April 2017

Tanzania Economic Update  April 2017
Author: Weltbankgruppe
Publsiher: Unknown
Total Pages: 135
Release: 2017
ISBN 10: 1928374650XXX
ISBN 13: OCLC:1255570125
Language: EN, FR, DE, ES & NL

Tanzania Economic Update April 2017 Book Review:

In 2016, the global economic environment remained subdued, with growth performance in Sub-Saharan Africa the weakest in over 20 years. Economic conditions across most advanced economies remained challenging, while emerging and developing economies as a whole are set to maintain their growth momentum. However, there is a lot of variation between developing countries. Growth in Sub-Saharan Africa slowed down significantly, dropping from an average real GDP growth rate of 4.5 percent in the 2010-15 period to an estimated 1.5 percent in 2016, the lowest rate in more than two decades. The decline in the region's average growth rate is the result of a number of factors, most notably the ongoing adjustments to sluggish commodity prices, the slowdown in export demand, and the tightening of global financial conditions. In the context of these developments, the ninth edition of the Tanzania Economic Update describes the current state of the economy, with the special topic focusing on financial inclusion. The report aims to stimulate policy analysis and debate around the key economic and development challenges that Tanzania faces as it strives to fulfill its aspirations of becoming a middle-income country. In addition to describing key aspects of macroeconomic performance and fiscal management, the report presents a timely analysis of the impact of financial sector deepening on economic activity and on the livelihoods of Tanzanians.

Microfinance in Africa

Microfinance in Africa
Author: Mr.Rodolphe Blavy,Mr.Murat  Yulek,Mr.Anupam Basu
Publsiher: International Monetary Fund
Total Pages: 24
Release: 2004-09-01
ISBN 10: 1451858728
ISBN 13: 9781451858723
Language: EN, FR, DE, ES & NL

Microfinance in Africa Book Review:

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.

Trade Investment and Economic Growth

Trade  Investment and Economic Growth
Author: Pooja Lakhanpal,Jaydeep Mukherjee,Biswajit Nag,Divya Tuteja
Publsiher: Springer Nature
Total Pages: 396
Release: 2021-05-10
ISBN 10: 9813369736
ISBN 13: 9789813369733
Language: EN, FR, DE, ES & NL

Trade Investment and Economic Growth Book Review:

The book contributes to the growing literature pertaining to empirical and policy issues in international trade, foreign capital flows and issues in finance, implications for India and emerging economies related to trade and development interface, and analysis of sector level growth and development in India. Further, the focus is on the policy aspects of these themes and their role in fostering economic development in the context of India and other emerging market economies. The discourse focuses mainly on empirical work and econometric details. The relevant issues are investigated using state of the art techniques such as gravity models, panel co-integration, generalized hyperbolic distributions, SEM, FMOLS and Probit models. In addition, detailed literature survey, discussions on data availability, issues related to statistical estimation techniques and a theoretical background, ensure that each chapter significantly contributes to the ever-growing literature on international trade and capital flows. The readers shall find an engaging dialogue on the crucial role played by policy and the trade-capital flows-growth experience of emerging economies. The book is relevant for those who are interested in contemporary issues in trade, growth and finance as well as for students of advanced econometrics who may benefit from the analytical and econometric exposition. The empirical evidences provided here could serve as ready reference for academicians, researchers and policy makers, particularly in emerging economies facing similar challenges.

Fintech and the Remaking of Financial Institutions

Fintech and the Remaking of Financial Institutions
Author: John Hill
Publsiher: Academic Press
Total Pages: 386
Release: 2018-05-17
ISBN 10: 0128134984
ISBN 13: 9780128134986
Language: EN, FR, DE, ES & NL

Fintech and the Remaking of Financial Institutions Book Review:

FinTech and the Remaking of Financial Institutions explores the transformative potential of new entrants and innovations on business models. In its survey and analysis of FinTech, the book addresses current and future states of money and banking. It provides broad contexts for understanding financial services, products, technology, regulations and social considerations. The book shows how FinTech has evolved and will drive the future of financial services, while other FinTech books concentrate on particular solutions and adopt perspectives of individual users, companies and investors. It sheds new light on disruption, innovation and opportunity by placing the financial technology revolution in larger contexts. Presents case studies that depict the problems, solutions and opportunities associated with FinTech Provides global coverage of FinTech ventures and regulatory guidelines Analyzes FinTech’s social aspects and its potential for spreading to new areas in banking Sheds new light on disruption, innovation and opportunity by placing the financial technology revolution in larger contexts