African Financial Systems: A Review

69 Pages Posted: 17 Mar 2010 Last revised: 13 Sep 2013

See all articles by Franklin Allen

Franklin Allen

Imperial College London

Isaac K. Otchere

Carleton University - Sprott School of Business

Lemma W. Senbet

University of Maryland - Robert H. Smith School of Business

Date Written: March 6, 2010

Abstract

diverse, with different regional economic blocs. The financial systems in these countries are as diverse as the countries. Reviewing the financial systems of such a heterogeneous group of countries presents a challenge. Therefore, to make the review more concise, we categorize the countries along geographic lines into four groups, namely, Arab North Africa, West Africa, East and Central Africa, and Southern Africa.1 This review covers, among other things, a brief review of the economies, central banks, deposit-taking banks, non-bank institutions, such as the stock markets, fixed income markets, and microfinance institutions in Africa. In this section, we present an executive summary of the African financial systems, highlighting some of the investment opportunities that exist, and then proceed with an in-depth review of the current state of the financial systems of the various sub-groups in Africa. In section II, we review the financial systems in North Africa. The financial systems in West Africa are reviewed in Section III, while those in Central and East Africa are reviewed in Section IV. In Section V, we examine the financial systems in Southern Africa. We conclude with a brief discussion of the risks that potential investors should be concerned about in Section VI.

Suggested Citation

Allen, Franklin and Otchere, Isaac K. and Senbet, Lemma W., African Financial Systems: A Review (March 6, 2010). Available at SSRN: https://ssrn.com/abstract=1569613 or http://dx.doi.org/10.2139/ssrn.1569613

Franklin Allen (Contact Author)

Imperial College London ( email )

South Kensington Campus
Exhibition Road
London, Greater London SW7 2AZ
United Kingdom

Isaac K. Otchere

Carleton University - Sprott School of Business ( email )

1125 Colonel By Drive
Ottawa, Ontario K1S SB6
Canada
(613) 520-2600 ext 2731 (Phone)
(613) 520-4427 (Fax)

Lemma W. Senbet

University of Maryland - Robert H. Smith School of Business ( email )

College Park, MD 20742-1815
United States
301-405-2242 (Phone)
301-405-0359 (Fax)

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
283
Abstract Views
1,510
rank
119,344
PlumX Metrics