Africa and Middle East Alternative Finance Benchmarking Report

64 Pages Posted: 30 Jun 2020

See all articles by Bryan Zheng Zhang

Bryan Zheng Zhang

Cambridge Centre for Alternative Finance, Cambridge Judge Business School, University of Cambridge

Robert Wardrop

University of Cambridge - Cambridge Centre for Alternative Finance

Kieran Garvey

University of Cambridge - Cambridge Centre for Alternative Finance

Simon Collings

affiliation not provided to SSRN

Tania Ziegler

University of Cambridge - Cambridge Centre for Alternative Finance

P. Raghavendra Rau

University of Cambridge

John Burton

Independent

Mia Gray

University of Cambridge - Cambridge Centre for Alternative Finance

Davinia Cogan

Cambridge Centre for Alternative Finance

Louise Westerlind

affiliation not provided to SSRN

Alexis Lui

affiliation not provided to SSRN

Date Written: March 7, 2017

Abstract

This report, jointly produced by the Cambridge Centre for Alternative Finance (CCAF) and Energy 4 Impact with the support of UKAid and CME Group Foundation, is the first study of its kind that systematically and comprehensively reports the size and growth of crowdfunding and peer-to-peer lending markets in Africa and the Middle East. This is the fifth in a series of impactful industry reports that the CCAF, based at the University of Cambridge, has published in 2016 together with its regional research partners, including those in the Asia-Pacific region, the Americas, Europe, and the UK.

The new report, covering 46 countries in Africa and 12 countries in the Middle East, gathered survey data from over 70 alternative finance platforms between 2013- 2015. The study details the types of online alternative finance, ranging from reward-based crowdfunding to peer-to-peer business lending, that are prevailing in African and Middle Eastern countries. It captures the industry volumes in key markets, documents the growth of alternative funding for start-ups and SMEs, analyses the latest market trends and explores the changing regulatory landscape in Africa and the Middle East.

Unlike our other regional reports, this study includes additional chapters on the emerging alternative payment systems (e.g. mobile payment and cryptocurrencies), crowdfunding and peer-to-peer lending regulatory landscapes in Africa and the Middle East (drawing on our recent regulatory research with the FSD Africa) and on renewable energy crowdfunding, with insights from the DIFD funded CrowdPower Programme, carried out by Energy 4 Impact.

Keywords: FinTech, alternative finance, crowdfunding, P2P lending, Africa, Middle East

JEL Classification: G23, G28, G38, F65, F63, G18, O19, O33, O38, O55, Q01, Q28, Q42

Suggested Citation

Zhang, Bryan Zheng and Wardrop, Robert and Garvey, Kieran and Collings, Simon and Ziegler, Tania and Rau, P. Raghavendra and Burton, John and Gray, Mia and Cogan, Davinia and Westerlind, Louise and Lui, Alexis, Africa and Middle East Alternative Finance Benchmarking Report (March 7, 2017). Available at SSRN: https://ssrn.com/abstract=3621299 or http://dx.doi.org/10.2139/ssrn.3621299

Bryan Zheng Zhang (Contact Author)

Cambridge Centre for Alternative Finance, Cambridge Judge Business School, University of Cambridge ( email )

Trumpington Street
Cambridge, CB2 1AG
United Kingdom

HOME PAGE: http://www.jbs.cam.ac.uk/ccaf

Robert Wardrop

University of Cambridge - Cambridge Centre for Alternative Finance ( email )

10 Trumpington Street
Cambridge, CB21QA
United Kingdom

Kieran Garvey

University of Cambridge - Cambridge Centre for Alternative Finance ( email )

10 Trumpington Street
Cambridge, CB21QA
United Kingdom

Simon Collings

affiliation not provided to SSRN

Tania Ziegler

University of Cambridge - Cambridge Centre for Alternative Finance ( email )

10 Trumpington Street
Cambridge, CB21QA
United Kingdom

P. Raghavendra Rau

University of Cambridge ( email )

Cambridge Judge Business School
Trumpington Street
Cambridge, Cambridgeshire CB21AG
United Kingdom
3103626793 (Phone)

HOME PAGE: http://www.raghurau.com/

John Burton

Independent ( email )

Mia Gray

University of Cambridge - Cambridge Centre for Alternative Finance

10 Trumpington Street
Cambridge, CB21QA
United Kingdom

Davinia Cogan

Cambridge Centre for Alternative Finance ( email )

Cambridge
United States
0061403657743 (Phone)

Louise Westerlind

affiliation not provided to SSRN

Alexis Lui

affiliation not provided to SSRN

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