Extending Financial Inclusion in Africa - 1st Edition - ISBN: 9780128141649

Extending Financial Inclusion in Africa

1st Edition

Editors: Daniel Makina
Paperback ISBN: 9780128141649
Imprint: Academic Press
Published Date: 1st June 2019
Page Count: 432
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Extending Financial Inclusion in Africa unveils the genesis and transformation of Africa’s financial sector and its ability to provide finance to all. Contributors consider its evolution and role in the economy, the state of financial inclusion, the financial regulation and governance, macroeconomic drivers, and the link between financial inclusion and sustainable development goals (SDGs) as well as financial technological developments. They also address some of the unintended consequences of financial inclusion, including over-indebtedness and increased propensities to spend in cash-poor environments.

Key Features

  • Explores the evolution of the financial sector in Africa from the pre-colonial era to the 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 internet and mobile technology


Researchers in the field of finance and banking at tertiary institutions. Graduate and 1st year PhD students of development finance and microfinance. Policymakers and government economists. Some practitioners in African banking and finance

Table of Contents

1. An overview of Financial Services, Access and Usage in Africa
2. How did banks evolve in Africa?
3. Financial Market Evolution in Africa
4. Financial Institutions in Africa: Landscape and Structure
5. The landscape of Frontier and Emerging Financial Markets in Africa
6. Financial Regulation and Governance
7. Macroeconomic Determinants of Financial Inclusion: Evidence using Dynamic Panel Data Analysis
8. Financial inclusion, economic growth and poverty reduction: Is there a Link between the Three?
9. Mobile Technology and Financial Inclusion
10. Socio-economic Impacts of Mobile Money Adoption
11. Unintended Consequences of Financial Inclusion
12. Financial Inclusion and Development Goals
13. Prospects of Regional financial Integration in Africa
14. Technology and Financial Development


No. of pages:
© Academic Press 2019
Academic Press
Paperback ISBN:

About the Editor

Daniel Makina

Daniel Makina is Professor of Finance and Banking at the University of South Africa. He holds a PhD from the University of Witwatersrand and an MSc in Financial Economics from the University of London. His research interests are in banking, financial inclusion and migration economics issues and has published on these issues in international journals such as Applied Financial Economics, Applied Economics, African Development Review, African Finance Journal, Migration Letters, International Migration, among others. He is co-author with Lawrence J. Gitman and others of the book: Principles of Managerial Finance: Global and Southern African Perspectives. In addition, he served as Guest Editor of the special issue on Financial Services in Africa of the African Journal of Economic and Management Studies published in 2017 and won the Emerald Reviewer Literati Award. Daniel is a Fellow of the South African Institute of Financial Markets as well as a member of its governing board and regularly contributes articles on financial inclusion to its magazine.

Affiliations and Expertise

Department of Finance, Risk Management and Banking, University of South Africa, South Africa

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