Financing Sustainable Development in Africa

1. Front Matter

   Pages i-xviii

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2. Introduction

   • Simplice Asongu

   Pages 1-9

3. Financing in Africa for Sustainable Development

   1. Front Matter

      Pages 11-11

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   2. Financing Mechanisms African Governments Should Pursue in Financing Sustainable Development in the Next 20 Years

      • Nomahlubi Nkume

      Pages 13-37

   3. Financial Inclusion and Foreign Market Participation of Firms: A Quasi-experiment from Nigeria

      • Uchenna R. Efobi, Emmanuel Orkoh, Scholastica Atata

      Pages 39-61

   4. Business Regulations and Foreign Direct Investment in Sub-Saharan Africa: Implications for Regulatory Reform

      • Ben Katoka, Huck-ju Kwon

      Pages 63-91

   5. Broadening Financial Intermediation in Sub-Saharan Africa

      • Murat A. Yülek, Vivien Yeda

      Pages 93-119

   6. Institutions, Fiscal Performance, and Development Trajectories in ECOWAS: Implications for Sustainability

      • Ibukun Beecroft, Evans Osabuohien, Isaiah Olurinola

      Pages 121-141

4. Domestic or Foreign Investment for African Development

   1. Front Matter

      Pages 143-143

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   2. Capital Flows and Economic Growth: Does the Role of State Fragility Really Matter for Sustainability?

      • Temitope Joseph Laniran

      Pages 145-173

   3. Changing Patterns of the Official Development Assistance to Sub-Saharan Africa

      • Emmanuel Maliti

      Pages 175-195

   4. Financing Sustainable Energy Access with Oil Revenues in Sub-Saharan Africa: Trends and Strategies

      • Ishmael Ackah

      Pages 197-229

   5. Maximizing the Gains from Natural Resources

      • Seedwell Hove, Gladys Gamariel

      Pages 231-266

5. Human Development in Africa for Sustainability

   1. Front Matter

      Pages 267-267

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   2. Does the Implementation of Social Safety Net Intervention Affect Indigenous Social Capital Systems for Coping with Livelihood Shocks? Ethnographic Evidence of Agro-pastoral Communities in Eastern Ethiopia

      • Getachew Shambel Endris, Paul Kibwika, Bernard B. Obaa, Jemal Yousuf Hassan

      Pages 269-316

   3. Issues in Sustainable Development: The Environment–Income Relationship

      • Oluwabunmi O. Adejumo

      Pages 317-338

   4. Microcredit, Child Education, and Health Outcomes: A Case Study from Ghana

      • James Atta Peprah

      Pages 339-365

6. Industrial Development in Africa for Sustainability

   1. Front Matter

      Pages 367-367

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   2. Financial Inclusion and Growth of Non-farm Enterprises in Ghana

      • Isaac Koomson, Muazu Ibrahim

      Pages 369-396

   3. The Role of Cooperative Organizations in Tanzania’s Industrialization

      • Mangasini Katundu

      Pages 397-420

This edited volume provides a critical evaluation of financing options for sustainable development in Africa. While sustainability has long been the watchword for development programs, and while many African countries have taken initiatives to develop integrated frameworks that tackle developmental challenges—including poverty, education, and health—financing has remained a challenge. In this book, an expert team of chapter authors examines new financing options while also exploring how traditional financing means, such as foreign aid and foreign direct investment, can be more effective for sustainability. The authors discuss how African nations can build adequate structures and productive capacity to create a platform that can meet present economic, social, and environmental needs without compromising the ability of future generations to meet their own needs. Practical case studies and scientific evidence give this book a unique approach that is both qualitative and quantitative. Thisbook will be of interest to students, practitioners, and scholars of development studies, public policy and African economics. 

• external capital flows
• foreign direct investment
• sustainable economic development
• inclusive human development
• Domestic Resource Mobilisation
• natural resources
• sustainability
• Sub-Saharan Africa
• Ghana
• Tanzania
• energy financing
• economic growth
• development finance

• Covenant University, Ota, Nigeria

  Uchenna R. Efobi

• African Governance and Development Institute, Yaoundé, Cameroon

  Simplice Asongu

Efobi Uchenna is Faculty at the College of Business and Social Sciences, Covenant University, Nigeria. He is also a Hewlett Scholar and an Alumnus of the Brown International Advanced Research Institutes. His research interests include household decision making dynamics and development outcomes; rural institution and agricultural productivity; and governance, with a special focus on the African region. 


Asongu Simplice is the Lead Economist and Director of the African Governance and Development Institute, and a Visiting Professor at the University of Cape Town, South Africa. He is also a Research Associate at Oxford Brookes University, UK; Covenant University, Nigeria; and the University of Buea, Cameroon. 

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