Financial Sector Development in Africa : Opportunities and Challenges
Africa's financial systems face challenges across many dimensions, as discussed in the report financing Africa: through the crisis and beyond. The analysis in that report was based partly on several detailed background papers that are included...
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| Format: | Publication |
| Language: | English en_US |
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Washington, DC: World Bank
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2012/11/16988270/financial-sector-development-africa-opportunities-challenges http://hdl.handle.net/10986/11881 |
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okr-10986-11881 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO LOANS ADVERSE MACROECONOMIC ENVIRONMENT ADVISORY SERVICES AFFORDABILITY AFFORDABLE HOUSING AGRICULTURAL FINANCE AGRICULTURAL SECTOR APPLICATION COSTS ATMS AVERAGE BALANCES BANK ACCOUNT BANK ACCOUNTS BANK LOAN BANK LOANS BANK OFFICE BANKING CRISES BANKING SERVICE BANKING SERVICES BANKING SUPERVISION BANKS BEST PRACTICE BOND BORROWER BORROWING BORROWINGS BUSINESS ACTIVITY BUSINESS ADVISORY BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT SERVICES BUSINESS MANAGEMENT BUSINESS PEOPLE BUYER CALCULATIONS CAPITAL ADEQUACY CAPITAL REQUIREMENTS CC COLLATERAL COLLATERAL REQUIREMENT COLLATERALS COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL FINANCE CONSULTING FIRM CONSUMER PROTECTION CONTRIBUTION CONTRIBUTIONS COOPERATIVES CREDIT BUREAUS CREDIT COOPERATIVES CREDIT HISTORIES CREDIT HISTORY CREDIT INFORMATION CREDIT INFORMATION SYSTEM CREDIT RATING CREDIT RATING AGENCIES CREDIT RATINGS CREDIT REGISTRIES CREDIT RISK CREDIT UNIONS CREDIT-WORTHINESS CUSTOMER SERVICE DEPOSIT DEPOSIT ACCOUNTS DEPOSIT BALANCE DEPOSIT BALANCES DEPOSIT MOBILIZATION DEPOSITOR DEPOSITORS DEPOSITS DEVELOPMENT FINANCE DEVELOPMENT OF WOMEN DISCLOSURE REQUIREMENT DOUBLE BOTTOM LINE ECONOMIC GROWTH ECONOMIES OF SCALE ENTREPRENEURS EQUITY INVESTMENT EXCLUSION FEMALE BORROWERS FEMALE CLIENTS FINANCES FINANCIAL ACCESS FINANCIAL CAPACITY FINANCIAL COSTS FINANCIAL CRISIS FINANCIAL INFRASTRUCTURE FINANCIAL INNOVATION FINANCIAL INTERMEDIATION FINANCIAL LITERACY FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PENETRATION FINANCIAL POLICY FINANCIAL PRODUCT FINANCIAL PROVIDERS FINANCIAL REFORM FINANCIAL REGULATION FINANCIAL REGULATORS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SECTOR REFORM FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL SERVICES AUTHORITY FINANCIAL SERVICES INDUSTRY FINANCIAL STABILITY FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FLEXIBLE REPAYMENT FORMAL BANK FORMAL FINANCE FUNDING SOURCE GENDER GOVERNMENT INTERVENTION GOVERNMENT INTERVENTIONS GOVERNMENT POLICY GROUP LOANS GUARANTEE SCHEME HOUSEHOLD INCOME HOUSEHOLDS HOUSING FINANCE HOUSING LOANS HUSBANDS ID INFORMATION ABOUT CREDIT INFORMATION SHARING INFORMATION TECHNOLOGY INITIAL PUBLIC OFFERING INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BANKING INVESTMENT BANK KEY CHALLENGES LACK OF CREDIT LENDERS LOAN LOAN DOCUMENTATION LOAN FACILITIES LOAN FACILITY LOAN OFFICERS LOAN PORTFOLIO LOAN PROCESSING LOAN REPAYMENT LOAN REPAYMENT RATES LOAN REPAYMENTS LOAN SIZE LOANS TO WOMEN LOW-INCOME MARKET ANALYSES MARKETING MEDIUM ENTERPRISE MEDIUM ENTERPRISES MFI MFIS MICRO ENTERPRISE MICRO-FINANCE MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MINIMUM BALANCE MONEY TRANSFER MONTHLY PAYMENT MORTGAGE MORTGAGE DEBT MORTGAGE LOAN NECESSARY COLLATERAL NEW MARKETS OPERATING COSTS OUTREACH PAYMENT SERVICES PENETRATION RATE PENETRATION RATES PENSION POINT OF SALE PRIVATE FINANCIAL INSTITUTIONS PRIVATE INVESTMENT PRIVATE INVESTORS PROFITABILITY PUBLIC POLICY REALITY CHECK REGISTRATION REQUIREMENTS REMITTANCES REPAYMENT REPAYMENT PERIOD RETAIL BANKING RISK AVERSION RISK MANAGEMENT RURAL BANKS RURAL BRANCH RURAL CLIENTS RURAL FINANCE SAVINGS SAVINGS PRODUCTS SECONDARY MORTGAGE MARKETS SECURITIES SENIOR SMALL INVESTORS SOCIAL ENTREPRENEURSHIP SOCIAL FUND SOCIAL NETWORK SOURCE OF INCOME START-UP START-UPS STOCK EXCHANGE TAX INCENTIVES TRANSACTION TRANSACTION COSTS UNFAIR COMPETITION UNION URBAN POPULATION VOLUNTARY DEPOSIT WOMEN ENTREPRENEURS |
| spellingShingle |
ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO LOANS ADVERSE MACROECONOMIC ENVIRONMENT ADVISORY SERVICES AFFORDABILITY AFFORDABLE HOUSING AGRICULTURAL FINANCE AGRICULTURAL SECTOR APPLICATION COSTS ATMS AVERAGE BALANCES BANK ACCOUNT BANK ACCOUNTS BANK LOAN BANK LOANS BANK OFFICE BANKING CRISES BANKING SERVICE BANKING SERVICES BANKING SUPERVISION BANKS BEST PRACTICE BOND BORROWER BORROWING BORROWINGS BUSINESS ACTIVITY BUSINESS ADVISORY BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT SERVICES BUSINESS MANAGEMENT BUSINESS PEOPLE BUYER CALCULATIONS CAPITAL ADEQUACY CAPITAL REQUIREMENTS CC COLLATERAL COLLATERAL REQUIREMENT COLLATERALS COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL FINANCE CONSULTING FIRM CONSUMER PROTECTION CONTRIBUTION CONTRIBUTIONS COOPERATIVES CREDIT BUREAUS CREDIT COOPERATIVES CREDIT HISTORIES CREDIT HISTORY CREDIT INFORMATION CREDIT INFORMATION SYSTEM CREDIT RATING CREDIT RATING AGENCIES CREDIT RATINGS CREDIT REGISTRIES CREDIT RISK CREDIT UNIONS CREDIT-WORTHINESS CUSTOMER SERVICE DEPOSIT DEPOSIT ACCOUNTS DEPOSIT BALANCE DEPOSIT BALANCES DEPOSIT MOBILIZATION DEPOSITOR DEPOSITORS DEPOSITS DEVELOPMENT FINANCE DEVELOPMENT OF WOMEN DISCLOSURE REQUIREMENT DOUBLE BOTTOM LINE ECONOMIC GROWTH ECONOMIES OF SCALE ENTREPRENEURS EQUITY INVESTMENT EXCLUSION FEMALE BORROWERS FEMALE CLIENTS FINANCES FINANCIAL ACCESS FINANCIAL CAPACITY FINANCIAL COSTS FINANCIAL CRISIS FINANCIAL INFRASTRUCTURE FINANCIAL INNOVATION FINANCIAL INTERMEDIATION FINANCIAL LITERACY FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PENETRATION FINANCIAL POLICY FINANCIAL PRODUCT FINANCIAL PROVIDERS FINANCIAL REFORM FINANCIAL REGULATION FINANCIAL REGULATORS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SECTOR REFORM FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL SERVICES AUTHORITY FINANCIAL SERVICES INDUSTRY FINANCIAL STABILITY FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FLEXIBLE REPAYMENT FORMAL BANK FORMAL FINANCE FUNDING SOURCE GENDER GOVERNMENT INTERVENTION GOVERNMENT INTERVENTIONS GOVERNMENT POLICY GROUP LOANS GUARANTEE SCHEME HOUSEHOLD INCOME HOUSEHOLDS HOUSING FINANCE HOUSING LOANS HUSBANDS ID INFORMATION ABOUT CREDIT INFORMATION SHARING INFORMATION TECHNOLOGY INITIAL PUBLIC OFFERING INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BANKING INVESTMENT BANK KEY CHALLENGES LACK OF CREDIT LENDERS LOAN LOAN DOCUMENTATION LOAN FACILITIES LOAN FACILITY LOAN OFFICERS LOAN PORTFOLIO LOAN PROCESSING LOAN REPAYMENT LOAN REPAYMENT RATES LOAN REPAYMENTS LOAN SIZE LOANS TO WOMEN LOW-INCOME MARKET ANALYSES MARKETING MEDIUM ENTERPRISE MEDIUM ENTERPRISES MFI MFIS MICRO ENTERPRISE MICRO-FINANCE MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MINIMUM BALANCE MONEY TRANSFER MONTHLY PAYMENT MORTGAGE MORTGAGE DEBT MORTGAGE LOAN NECESSARY COLLATERAL NEW MARKETS OPERATING COSTS OUTREACH PAYMENT SERVICES PENETRATION RATE PENETRATION RATES PENSION POINT OF SALE PRIVATE FINANCIAL INSTITUTIONS PRIVATE INVESTMENT PRIVATE INVESTORS PROFITABILITY PUBLIC POLICY REALITY CHECK REGISTRATION REQUIREMENTS REMITTANCES REPAYMENT REPAYMENT PERIOD RETAIL BANKING RISK AVERSION RISK MANAGEMENT RURAL BANKS RURAL BRANCH RURAL CLIENTS RURAL FINANCE SAVINGS SAVINGS PRODUCTS SECONDARY MORTGAGE MARKETS SECURITIES SENIOR SMALL INVESTORS SOCIAL ENTREPRENEURSHIP SOCIAL FUND SOCIAL NETWORK SOURCE OF INCOME START-UP START-UPS STOCK EXCHANGE TAX INCENTIVES TRANSACTION TRANSACTION COSTS UNFAIR COMPETITION UNION URBAN POPULATION VOLUNTARY DEPOSIT WOMEN ENTREPRENEURS Beck, Thorsten Maimbo, Samuel Munzele Financial Sector Development in Africa : Opportunities and Challenges |
| geographic_facet |
Africa Africa |
| relation |
Directions in development;finance |
| description |
Africa's financial systems face
challenges across many dimensions, as discussed in the
report financing Africa: through the crisis and beyond. The
analysis in that report was based partly on several detailed
background papers that are included in this volume. The next
six chapters are written by experts in their respective
areas and provide an in-depth analysis of these challenges
and present possible solutions. In this introduction, the
authors provide an overview of the different chapters and
how they are related to each other and the main volume. The
three chapters in first part focus on key challenges
concerned with access to financial services, including
financial and operational deficiencies in the microfinance
market, reaping the benefits from the technological
revolution of retail banking, and deepening and broadening
agricultural finance across Africa. The three chapters thus
each cover different aspects with a different focus, ranging
from an institutional approach to a focus on innovation as a
driver of financial broadening to an important element of
financial infrastructure to a specific sector. The second
part includes the fourth chapter, it involves documents the
sizable need for additional housing in many African
countries, based on these countries' continuous
population growth and an ongoing urbanization trend. The
third part includes fifth chapter, which discuss the
repercussions of regulatory reforms in Europe and North
America for African regulators as well as local challenges.
The fourth part includes the sixth chapter, which is the
final chapter of this volume. It discusses the politics of
financial sector reform in Africa and, more specifically,
the space needed for an activist role for government to help
create the markets and coordination mechanisms necessary for
financial markets to deepen and broaden. |
| author2 |
Beck, Thorsten |
| author_facet |
Beck, Thorsten Beck, Thorsten Maimbo, Samuel Munzele |
| format |
Publications & Research :: Publication |
| author |
Beck, Thorsten Maimbo, Samuel Munzele |
| author_sort |
Beck, Thorsten |
| title |
Financial Sector Development in Africa : Opportunities and Challenges |
| title_short |
Financial Sector Development in Africa : Opportunities and Challenges |
| title_full |
Financial Sector Development in Africa : Opportunities and Challenges |
| title_fullStr |
Financial Sector Development in Africa : Opportunities and Challenges |
| title_full_unstemmed |
Financial Sector Development in Africa : Opportunities and Challenges |
| title_sort |
financial sector development in africa : opportunities and challenges |
| publisher |
Washington, DC: World Bank |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2012/11/16988270/financial-sector-development-africa-opportunities-challenges http://hdl.handle.net/10986/11881 |
| _version_ |
1764419024762961920 |
| spelling |
okr-10986-118812021-04-23T14:02:59Z Financial Sector Development in Africa : Opportunities and Challenges Beck, Thorsten Maimbo, Samuel Munzele Beck, Thorsten Maimbo, Samuel Munzele ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO LOANS ADVERSE MACROECONOMIC ENVIRONMENT ADVISORY SERVICES AFFORDABILITY AFFORDABLE HOUSING AGRICULTURAL FINANCE AGRICULTURAL SECTOR APPLICATION COSTS ATMS AVERAGE BALANCES BANK ACCOUNT BANK ACCOUNTS BANK LOAN BANK LOANS BANK OFFICE BANKING CRISES BANKING SERVICE BANKING SERVICES BANKING SUPERVISION BANKS BEST PRACTICE BOND BORROWER BORROWING BORROWINGS BUSINESS ACTIVITY BUSINESS ADVISORY BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT SERVICES BUSINESS MANAGEMENT BUSINESS PEOPLE BUYER CALCULATIONS CAPITAL ADEQUACY CAPITAL REQUIREMENTS CC COLLATERAL COLLATERAL REQUIREMENT COLLATERALS COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL FINANCE CONSULTING FIRM CONSUMER PROTECTION CONTRIBUTION CONTRIBUTIONS COOPERATIVES CREDIT BUREAUS CREDIT COOPERATIVES CREDIT HISTORIES CREDIT HISTORY CREDIT INFORMATION CREDIT INFORMATION SYSTEM CREDIT RATING CREDIT RATING AGENCIES CREDIT RATINGS CREDIT REGISTRIES CREDIT RISK CREDIT UNIONS CREDIT-WORTHINESS CUSTOMER SERVICE DEPOSIT DEPOSIT ACCOUNTS DEPOSIT BALANCE DEPOSIT BALANCES DEPOSIT MOBILIZATION DEPOSITOR DEPOSITORS DEPOSITS DEVELOPMENT FINANCE DEVELOPMENT OF WOMEN DISCLOSURE REQUIREMENT DOUBLE BOTTOM LINE ECONOMIC GROWTH ECONOMIES OF SCALE ENTREPRENEURS EQUITY INVESTMENT EXCLUSION FEMALE BORROWERS FEMALE CLIENTS FINANCES FINANCIAL ACCESS FINANCIAL CAPACITY FINANCIAL COSTS FINANCIAL CRISIS FINANCIAL INFRASTRUCTURE FINANCIAL INNOVATION FINANCIAL INTERMEDIATION FINANCIAL LITERACY FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PENETRATION FINANCIAL POLICY FINANCIAL PRODUCT FINANCIAL PROVIDERS FINANCIAL REFORM FINANCIAL REGULATION FINANCIAL REGULATORS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SECTOR REFORM FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL SERVICES AUTHORITY FINANCIAL SERVICES INDUSTRY FINANCIAL STABILITY FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FLEXIBLE REPAYMENT FORMAL BANK FORMAL FINANCE FUNDING SOURCE GENDER GOVERNMENT INTERVENTION GOVERNMENT INTERVENTIONS GOVERNMENT POLICY GROUP LOANS GUARANTEE SCHEME HOUSEHOLD INCOME HOUSEHOLDS HOUSING FINANCE HOUSING LOANS HUSBANDS ID INFORMATION ABOUT CREDIT INFORMATION SHARING INFORMATION TECHNOLOGY INITIAL PUBLIC OFFERING INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BANKING INVESTMENT BANK KEY CHALLENGES LACK OF CREDIT LENDERS LOAN LOAN DOCUMENTATION LOAN FACILITIES LOAN FACILITY LOAN OFFICERS LOAN PORTFOLIO LOAN PROCESSING LOAN REPAYMENT LOAN REPAYMENT RATES LOAN REPAYMENTS LOAN SIZE LOANS TO WOMEN LOW-INCOME MARKET ANALYSES MARKETING MEDIUM ENTERPRISE MEDIUM ENTERPRISES MFI MFIS MICRO ENTERPRISE MICRO-FINANCE MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MINIMUM BALANCE MONEY TRANSFER MONTHLY PAYMENT MORTGAGE MORTGAGE DEBT MORTGAGE LOAN NECESSARY COLLATERAL NEW MARKETS OPERATING COSTS OUTREACH PAYMENT SERVICES PENETRATION RATE PENETRATION RATES PENSION POINT OF SALE PRIVATE FINANCIAL INSTITUTIONS PRIVATE INVESTMENT PRIVATE INVESTORS PROFITABILITY PUBLIC POLICY REALITY CHECK REGISTRATION REQUIREMENTS REMITTANCES REPAYMENT REPAYMENT PERIOD RETAIL BANKING RISK AVERSION RISK MANAGEMENT RURAL BANKS RURAL BRANCH RURAL CLIENTS RURAL FINANCE SAVINGS SAVINGS PRODUCTS SECONDARY MORTGAGE MARKETS SECURITIES SENIOR SMALL INVESTORS SOCIAL ENTREPRENEURSHIP SOCIAL FUND SOCIAL NETWORK SOURCE OF INCOME START-UP START-UPS STOCK EXCHANGE TAX INCENTIVES TRANSACTION TRANSACTION COSTS UNFAIR COMPETITION UNION URBAN POPULATION VOLUNTARY DEPOSIT WOMEN ENTREPRENEURS Africa's financial systems face challenges across many dimensions, as discussed in the report financing Africa: through the crisis and beyond. The analysis in that report was based partly on several detailed background papers that are included in this volume. The next six chapters are written by experts in their respective areas and provide an in-depth analysis of these challenges and present possible solutions. In this introduction, the authors provide an overview of the different chapters and how they are related to each other and the main volume. The three chapters in first part focus on key challenges concerned with access to financial services, including financial and operational deficiencies in the microfinance market, reaping the benefits from the technological revolution of retail banking, and deepening and broadening agricultural finance across Africa. The three chapters thus each cover different aspects with a different focus, ranging from an institutional approach to a focus on innovation as a driver of financial broadening to an important element of financial infrastructure to a specific sector. The second part includes the fourth chapter, it involves documents the sizable need for additional housing in many African countries, based on these countries' continuous population growth and an ongoing urbanization trend. The third part includes fifth chapter, which discuss the repercussions of regulatory reforms in Europe and North America for African regulators as well as local challenges. The fourth part includes the sixth chapter, which is the final chapter of this volume. It discusses the politics of financial sector reform in Africa and, more specifically, the space needed for an activist role for government to help create the markets and coordination mechanisms necessary for financial markets to deepen and broaden. 2012-12-04T20:02:56Z 2012-12-04T20:02:56Z 2013 http://documents.worldbank.org/curated/en/2012/11/16988270/financial-sector-development-africa-opportunities-challenges 978-0-8213-9628-5 http://hdl.handle.net/10986/11881 English en_US Directions in development;finance CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication Africa Africa |