Electricity Access in Sub-Saharan Africa

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Author :
Publisher : World Bank Publications
ISBN 13 : 1464813779
Total Pages : 160 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Electricity Access in Sub-Saharan Africa by : Moussa P. Blimpo

Download or read book Electricity Access in Sub-Saharan Africa written by Moussa P. Blimpo and published by World Bank Publications. This book was released on 2019-03-19 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Access to reliable electricity is a prerequisite for the economic transformation of African economies, especially in a digital age. Yet the electricity access rate in Sub-Saharan African countries is often substantially low, households and businesses with access often face unreliable service, and the cost of the service is often among the highest in the world. This situation imposes substantial constraints on economic activities, provision of public services, adoption of new technologies, and quality of life. Much of the focus on how best to provide reliable, affordable, and sustainable electricity service to all has been on mitigating supply-side constraints. However, demand-side constraints may be as important, if not more important. On the supply side, inadequate investments in maintenance result in high technical losses; most state-owned utilities operate at a loss; and power trade, which could significantly lower the cost of electricity, is underdeveloped. On the demand side, the uptake and willingness to pay are often low in many communities, and the consumption levels of those who are connected are limited. Increased uptake and use will encourage investment to improve service reliability and close the access gap. This report shows that the fundamental problem is poverty and lack of economic opportunities rather than power. The solution lies in understanding that the overarching reasons for the unrealized potential involve tightly intertwined technical, financial, political, and geographic factors. The ultimate goal is to enable households and business to gain access, to afford to use, and utilities to recover their cost and make profits. The report makes the case that policy makers need to adopt a more comprehensive and long-term approach to electrification in the region—one centered on the productive use of electricity at affordable rates. Such an approach includes increased public and private investment in infrastructure, expanded access to credit for new businesses, improved access to markets, and additional skills development to translate the potential of expanded and reliable electricity access into substantial economic impact. Enhancing the economic capabilities of communities is the best way to achieve faster and more sustainable development progress while addressing the broad challenges of affordability, low consumption, and financial viability of utilities, as well as ensuring equitable provision between urban and rural areas.

Electricity Access in Sub-Saharan Africa

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Author :
Publisher : Africa Development Forum
ISBN 13 : 9781464813610
Total Pages : 0 pages
Book Rating : 4.8/5 (136 download)

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Book Synopsis Electricity Access in Sub-Saharan Africa by : Moussa P. Blimpo

Download or read book Electricity Access in Sub-Saharan Africa written by Moussa P. Blimpo and published by Africa Development Forum. This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Access to reliable electricity is a prerequisite for the economic transformation of African economies, especially in a digital age. Yet the electricity access rate in Sub-Saharan African countries is often substantially low, households and businesses with access often face unreliable service, and the cost of the service is often among the highest in the world. This situation imposes substantial constraints on economic activities, provision of public services, adoption of new technologies, and quality of life. Much of the focus on how best to provide reliable, affordable, and sustainable electricity service to all has been on mitigating supply-side constraints. However, demand-side constraints may be as important, if not more important. On the supply side, inadequate investments in maintenance result in high technical losses; most state-owned utilities operate at a loss; and power trade, which could significantly lower the cost of electricity, is underdeveloped. On the demand side, the uptake and willingness to pay are often low in many communities, and the consumption levels of those who are connected are limited. Increased uptake and use will encourage investment to improve service reliability and close the access gap. This report shows that the fundamental problem is poverty and lack of economic opportunities rather than power. The solution lies in understanding that the overarching reasons for the unrealized potential involve tightly intertwined technical, financial, political, and geographic factors. The ultimate goal is to enable households and business to gain access, to afford to use, and utilities to recover their cost and make profits. The report makes the case that policy makers need to adopt a more comprehensive and long-term approach to electrification in the region--one centered on the productive use of electricity at affordable rates. Such an approach includes increased public and private investment in infrastructure, expanded access to credit for new businesses, improved access to markets, and additional skills development to translate the potential of expanded and reliable electricity access into substantial economic impact. Enhancing the economic capabilities of communities is the best way to achieve faster and more sustainable development progress while addressing the broad challenges of affordability, low consumption, and financial viability of utilities, as well as ensuring equitable provision between urban and rural areas.

Financing Clean Energy Access in Sub-Saharan Africa

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Author :
Publisher : Springer Nature
ISBN 13 : 303075829X
Total Pages : 197 pages
Book Rating : 4.0/5 (37 download)

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Book Synopsis Financing Clean Energy Access in Sub-Saharan Africa by : Bruno Michoud

Download or read book Financing Clean Energy Access in Sub-Saharan Africa written by Bruno Michoud and published by Springer Nature. This book was released on 2021-07-15 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book analyses barriers and challenges associated with the financing of clean energy access in sub-Saharan Africa. By considering various economic, financial, political, environmental and social factors, it explores the consequences of energy poverty across the region and maps the real and perceived investment risks for potential capital providers, both domestic and international. Furthermore, it analyses risk mitigation strategies and innovative financing structures available to the public and private sectors, which are aimed at leveraging capital in the clean energy sector at scale and fostering the creation of an enabling business and investment environment. More specifically, the present book analyses how to (i) enhance capital allocation in projects and organisations that foster clean energy access in the region, (ii) mobilize private capital at scale and (iii) decrease the cost of financing through risk mitigation strategies. Going beyond traditional approaches, the book also considers socioeconomic and cultural aspects associated with investment barriers across the subcontinent. Moreover, it urges the public and private spheres to become more actively involved in tackling this pressing development issue, and provides policy recommendations for the public sector, including proposals for business model evolution at multilateral agencies and development institutions. It will appeal to a wide readership of both academics and professionals working in the energy industry, the financial sector and the political sphere, as well as to general readers interested in the ongoing debate about energy, sustainable development and finance.

Energy in Africa

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Author :
Publisher : Springer
ISBN 13 : 331992219X
Total Pages : 112 pages
Book Rating : 4.3/5 (199 download)

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Book Synopsis Energy in Africa by : Manfred Hafner

Download or read book Energy in Africa written by Manfred Hafner and published by Springer. This book was released on 2018-08-06 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book presents a picture of the current energy challenges on the African continent (and the Sub-Saharan region in particular) and proposes pathways to an accelerated energy transition. Starting with an analysis of the status quo and the outlook for Africa’s energy demand and energy access, it provides an account of the available resources, including hydrocarbons and renewable energy resources, which are playing an increasingly crucial role. It then moves on to analyze the level of investment required to scale-up Africa’s energy systems, shedding light on the key barriers and elaborating on potential solutions. It also provides a suggestion for improving the effectiveness of EU–Africa cooperation. While mainly intended for policymakers and academics, this book also speaks to a broader audience interested in gaining an overview of the challenges and opportunities of the African energy sector today and in the future.

Sub-Saharan Africa is lighting up

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Author :
Publisher : RTI Press
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4./5 ( download)

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Book Synopsis Sub-Saharan Africa is lighting up by : Nii Ofei Daku Mante.

Download or read book Sub-Saharan Africa is lighting up written by Nii Ofei Daku Mante. and published by RTI Press. This book was released on 2018-11-19 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research paper provides a regional review of the state of electricity access in Sub-Saharan Africa (SSA), focusing on installed capacity, electricity generation, the growth of renewable energy, electricity consumption, government investment, public financial flows, and several major initiatives. The study contrasts electrification between 1990 and 2010 with recent efforts and identifies countries that are consistently making progress and those that lag. The analyses show signs of progress on scaling up SSA power infrastructure and increasing electricity access, particularly in the Eastern and Western sub-regions. The installed generation capacity expanded at an average rate of 2.43 GW/year between 2005 and 2015. Renewable energy is growing, particularly solar, wind, and geothermal; about 9.7 GW of renewable energy capacity was installed between 2010 and 2016. Over this period, the net electricity generation in SSA increased at 9.1 TWh/year, more than double the historical average growth of 4.02 TWh/year (1990–2010). In general, the study found that rates of electrification across the entire region are more than twice the historical rates, and an average of at least 26 million people are now gaining access to electricity yearly. Nevertheless, progress is uneven across SSA. As of 2016, almost half of the population without electricity access live in Nigeria, DR Congo, Ethiopia, Tanzania, and Uganda. Quantitative analysis suggests that about 70 million people in SSA would have to gain access every year from 2017 to achieve universal access by 2030. Overall, SSA countries with national programs on energy access supported by policy/regulatory framework and infrastructure investment are making progress.

Electricity in Africa

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Author :
Publisher : Boydell & Brewer
ISBN 13 : 1847011683
Total Pages : 202 pages
Book Rating : 4.8/5 (47 download)

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Book Synopsis Electricity in Africa by : Christopher D. Gore

Download or read book Electricity in Africa written by Christopher D. Gore and published by Boydell & Brewer. This book was released on 2017 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: No country has managed to develop beyond a subsistence economy without ensuring at least minimum access to electricity for the majority of its population. Yet many sub-Saharan African countries struggle to meet demand. Why is this, and what can be done to reduce energy poverty and further Africa's development? Examining the politics and processes surrounding electricity infrastructure, provision and reform, the author provides an overview of historical andcontemporary debates about access in the sub-continent, and explores the shifting role and influence of national governments and of multilateral agencies in energy reform decisions. He describes a challenging political environment for electricity supply, with African governments becoming increasingly frustrated with the rules and the processes of multilateral donors. Civil society also began to question reform choices, and governments in turn looked to new development partners, such as China, to chart a fresh path of energy transformation. Drawing on over fifteen years of research on Uganda, which has one of the lowest levels of access to electricity in Africa and has struggled to construct several, large hydroelectric dams on the Nile, Gore argues that there is a critical need to recognize how the changing political and social context in African countries, and globally, has affected the capacity tofulfil national energy goals, minimize energy poverty and transform economies. Christopher Gore is Associate Professor, Department of Politics and Public Administration, Ryerson University, Toronto, Canada. OA EDITION This book has been made available as Open Access through the support of the Office of the Dean, Faculty of Arts, Ryerson University; Ryerson International; and the Department of Politics and Public Administration, Ryerson University.

Energy Poverty and Access Challenges in Sub-Saharan Africa

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Author :
Publisher : Springer
ISBN 13 : 3319954024
Total Pages : 217 pages
Book Rating : 4.3/5 (199 download)

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Book Synopsis Energy Poverty and Access Challenges in Sub-Saharan Africa by : Victoria R. Nalule

Download or read book Energy Poverty and Access Challenges in Sub-Saharan Africa written by Victoria R. Nalule and published by Springer. This book was released on 2018-08-27 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: Access to modern energy is central in addressing the major global challenges of the 21st century, including poverty, climate change and famine. However large parts of the world, especially in Sub-Saharan Africa (SSA) have poor or no access to modern energy. Victoria Nalule argues that SSA countries have many common energy challenges which could be tackled with collective efforts through regional cooperation. By means of a legal and comparative analysis and a seven-step framework, the book explores the current regional mechanisms employed in Africa to address the challenge of energy poverty and access and whether they are effective in tackling the challenge of energy access, including regional energy infrastructure and regional energy regulations. Chapters discuss the evolution of regionalism in SSA and the role of regional cooperation in the development of renewable energy as a means of confronting both energy access and climate change. Specifically the nexus between energy access, renewable energy and climate change is covered as well as the potential of fossil fuels in addressing energy poverty. The establishment and development of regional energy infrastructure as one of the mechanisms of addressing energy access challenges in SSA and regional efforts to harmonise energy regulation are explored. Finally a concluding chapter provides recommendations for policy makers and other relevant stakeholders on how best to implement some of the suggestions made in previous chapters. International organisations, regional organisations, government officials, scholars and students with interest in the energy sector will highly benefit from this book.

Africa-EU Renewable Energy Research and Innovation Symposium 2018 (RERIS 2018)

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Author :
Publisher : Springer
ISBN 13 : 3319934384
Total Pages : 151 pages
Book Rating : 4.3/5 (199 download)

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Book Synopsis Africa-EU Renewable Energy Research and Innovation Symposium 2018 (RERIS 2018) by : Moeketsi Mpholo

Download or read book Africa-EU Renewable Energy Research and Innovation Symposium 2018 (RERIS 2018) written by Moeketsi Mpholo and published by Springer. This book was released on 2018-07-20 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book presents the proceedings of the 2nd Africa-EU Renewable Energy Research and Innovation Symposium (RERIS 18), held in Maseru, Lesotho in January 2018. The symposium aimed to foster research cooperation on renewable energy between Africa and Europe – in academia, as well as the private and public sectors. Addressing thematic areas such as • Grid-connected renewable energy; • Decentralised renewable and household energy solutions; • Energy socioeconomics; and • Promotion of energy research, innovation, education and entrepreneurship, the book brings together contributions from academics and practitioners from the EU and Africa to enable mutual learning and knowledge transfer – a key factor in boosting sustainable development in the African renewable energy market. It also plays a significant role in promoting African renewable energy research, which helps to secure energy supply in both rural and urban areas and to increase generation capacities and energy system resilience. This book is an invaluable resource for academics and professionals across the renewable energy spectrum.

Empowering Africa

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Author :
Publisher : Global Politics and Security
ISBN 13 : 9783034337779
Total Pages : 0 pages
Book Rating : 4.3/5 (377 download)

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Book Synopsis Empowering Africa by : Lorenzo Colantoni

Download or read book Empowering Africa written by Lorenzo Colantoni and published by Global Politics and Security. This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Access to electricity is a key factor for the future of the African continent. Energy poverty and lack of universal access to electricity services are, in fact, remarkably hurting human progress in Africa. Today, sub-Saharan Africa hosts 14 percent of the world's population but 60 percent of the world's people without access to electricity: of the more than 1 billion people globally who had no access to electricity, around 600 million lived in the region. In these conditions, many African countries are unable to develop a solid economy or provide basic health and education services to their citizens. Starting from the analysis of present and future economic, demographic, social and technological trends, Empowering Africa offers an in-depth assessment of the current status and of the future prospects of access to electricity in the African continent. The volume describes the main developments in the Africa's electricity sector, addressing the issue both from a regional and a thematic point of view, and attempting to define the key trends of a sector that will necessarily contribute to shape the continent's political, social and economic dynamics for the next decades.

Energy Subsidy Reform in Sub-Saharan Africa

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484366549
Total Pages : 125 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Energy Subsidy Reform in Sub-Saharan Africa by : Mr.Trevor Serge Coleridge Alleyne

Download or read book Energy Subsidy Reform in Sub-Saharan Africa written by Mr.Trevor Serge Coleridge Alleyne and published by International Monetary Fund. This book was released on 2013-08-12 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: The reform of energy subsidies is an important but challenging issue for sub-Saharan African (SSA) countries. There is a relatively large theoretical and empirical literature on this issue. While this paper relies on that literature, too, it tailors its discussion to SSA countries to respond to the following questions: Why it is important to reduce energy subsidies? What are the difficulties involved in energy subsidy reform? How best can a subsidy reform be implemented? This paper uses various sources of information on SSA countries: quantitative assessments, surveys, and individual (but standardized) case studies.

Independent Power Projects in Sub-Saharan Africa

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Author :
Publisher : World Bank Publications
ISBN 13 : 1464808015
Total Pages : 382 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Independent Power Projects in Sub-Saharan Africa by : Anton Eberhard

Download or read book Independent Power Projects in Sub-Saharan Africa written by Anton Eberhard and published by World Bank Publications. This book was released on 2016-04-18 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inadequate electricity services pose a major impediment to reducing extreme poverty and boosting shared prosperity in Sub-Saharan Africa. Simply put, Africa does not have enough power. Despite the abundant low-carbon and low-cost energy resources available to Sub-Saharan Africa, the region s entire installed electricity capacity, at a little over 80 GW, is equivalent to that of the Republic of Korea. Looking ahead, Sub-Saharan Africa will need to ramp-up its power generation capacity substantially. The investment needed to meet this goal largely exceeds African countries already stretched public finances. Increasing private investment is critical to help expand and improve electricity supply. Historically, most private sector finance has been channeled through privately financed independent power projects (IPP), supported by nonrecourse or limited recourse loans, with long-term power purchase agreements with the state utility or another off-taker. Between 1990 and 2014, IPPs have spread across Sub-Saharan Africa and are now present in 17 countries. Currently, there are 125 IPPs, with an overall installed capacity of 10.7 GW and investments of $24.6 billion. However, private investment could be much greater and less concentrated. South Africa alone accounts for 67 IPPs, 4.3 GW of capacity and $14.4 billion of investments; the remaining projects are concentrated in a handful of countries. The objective of this study is to evaluate the experience of IPPs and identify lessons that can help African countries attract more and better private investment. At the core of this analysis is a reflection on whether IPPs have in fact benefited Sub-Saharan Africa, and how they might be improved. The analysis is based primarily on in depth case studies, carried out in five countries, including Kenya, Nigeria, South Africa, Tanzania and Uganda, which not only have the most numerous but also among the most extensive experience with IPPs.

Africa's Power Infrastructure

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Author :
Publisher : World Bank Publications
ISBN 13 : 0821384554
Total Pages : 352 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Africa's Power Infrastructure by : Orvika Rosnes

Download or read book Africa's Power Infrastructure written by Orvika Rosnes and published by World Bank Publications. This book was released on 2011 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Africa's Power Infrastructure: Investment, Integration, Efficiency is based on the most extensive data collection exercise ever undertaken on infrastructure in Africa: the Africa Country Infrastructure Country Diagnostic (AICD). Data from this study have provided new insights on the extent of a power crisis in the region, characterized by insufficient capacity, low electricity connection rates, high costs, and poor reliabilityùand on what can be done about it. The continent faces an annual power sector financing gap of about $21 billion, with much of the existing spending channeled to maintain and operate high-cost power systems, leaving little for the huge investments needed to provide a long-term solution. Meanwhile, the power crisis is taking a heavy toll on economic growth and productivity. This book asserts that the current impediments to economic growth and development need to be tackled through policies and investment strategies that renew efforts to reform state-owned utilities, build on the lessons of private participation in infrastructure projects, retarget electrification strategies, expand regional power trade, and mobilize new funding resources. Further development of regional power trade would allow Africa to harness larger-scale and more cost-effective energy sources, reducing energy system costs by US$2 billion and carbon dioxide emissions by 70 million tons annually. But reaping the promise of regional trade depends on a handful of major exporting countries raising the large volumes of finance needed to develop generation capacity for export; it also requires a large number of importing countries to muster the requisite political will. With increased utility efficiency and regional power trade in play, power costs would fall and full cost recovery tariffs could become affordable in much of Africa. This will make utilities more creditworthy and help sustain the flow of external finance to the sector, which is essential to close the huge financing gap.

Energy Politics and Rural Development in Sub-Saharan Africa

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Author :
Publisher : Springer
ISBN 13 : 3319601229
Total Pages : 193 pages
Book Rating : 4.3/5 (196 download)

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Book Synopsis Energy Politics and Rural Development in Sub-Saharan Africa by : Naaborle Sackeyfio

Download or read book Energy Politics and Rural Development in Sub-Saharan Africa written by Naaborle Sackeyfio and published by Springer. This book was released on 2017-09-26 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the paradox of uneven electricity in one of the fastest growing and now petro rich economies, Ghana, by addressing the question of why one of the most hydro rich countries in sub-Saharan Africa produces irregular access for all but ‘swing’ voter regions of the country. The book questions why targeted rural electricity initiatives over the course of the last two decades have yielded uneven benefits for what is a substantial portion of the country’s population. Using Ghana as an emblematic case-study that speaks to broader regional concerns, including those of Nigeria and South Africa, this book contextualizes the variegated nature of how power sector reforms could not be undertaken without significant political costs. Indeed, the book situates an unfolding political landscape that prompted the successful but partial implementation of power sector reforms in part prompted by the Washington consensus and undergirded by a shrinking role for the state in the wider economy.

The Palgrave Handbook of Agricultural and Rural Development in Africa

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Author :
Publisher : Springer Nature
ISBN 13 : 3030415139
Total Pages : 670 pages
Book Rating : 4.0/5 (34 download)

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Book Synopsis The Palgrave Handbook of Agricultural and Rural Development in Africa by : Evans S. Osabuohien

Download or read book The Palgrave Handbook of Agricultural and Rural Development in Africa written by Evans S. Osabuohien and published by Springer Nature. This book was released on 2020-07-06 with total page 670 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook examines agricultural and rural development in Africa from theoretical, empirical and policy stand points. It discusses the challenges of the United Nations Sustainable Development Goals (SDGs) and assesses how poverty and other development concerns can be addressed in rural communities through agricultural transformation. Additionally, the handbook extends the Post-2015 Development Agenda and it emphasizes the importance of the agricultural sector as it is closely related to the issues of food sustainability, poverty reduction, and employment creation. The contributors suggest multiple evidence-based policies to develop the rural areas through the transformation of the agricultural sector which can significantly benefit the African continent.

Renewables for Energy Access and Sustainable Development in East Africa

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Author :
Publisher : Springer
ISBN 13 : 3030117359
Total Pages : 149 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis Renewables for Energy Access and Sustainable Development in East Africa by : Manfred Hafner

Download or read book Renewables for Energy Access and Sustainable Development in East Africa written by Manfred Hafner and published by Springer. This book was released on 2019-04-03 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: This short open access book investigates the role of renewable energy in East Africa to provide policy-relevant inputs for the achievement of a cost-effective electrification process in the region. For each country, the authors review the current situation in the domestic power sector, adopt a GIS-based approach to plot renewable energy resources potential, and review currently planned projects and projects under development, as well as the key domestic renewables regulations. Based on such information, least-cost 100% electrification scenarios by 2030 are then modelled and comparative results over the required capacity additions and investment are reported and discussed. The authors also inquire into some of the key technological, economic, policy, cooperation, and financing challenges to the development of a portfolio of renewables to promote energy access in a sustainable way, including a discussion of the challenges and opportunities that might stem from the interaction between local RE potential and natural gas resources currently under development in the region. To conclude, policy recommendations based on the book’s results and targeted at international cooperation and development institutions, local policymakers, and private stakeholders in the region are elaborated.

Ending Africa's Energy Deficit and the Law

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Author :
Publisher : Oxford University Press
ISBN 13 : 0192551736
Total Pages : 431 pages
Book Rating : 4.1/5 (925 download)

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Book Synopsis Ending Africa's Energy Deficit and the Law by : Yinka Omorogbe

Download or read book Ending Africa's Energy Deficit and the Law written by Yinka Omorogbe and published by Oxford University Press. This book was released on 2018-02-22 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the inclusion of access to energy in the sustainable development goals, the role of energy to human existence was finally recognized. Yet, in Africa, this achievement is far from realized. Omorogbe and Ordor bring together experts in their fields to ask what is stalling progress, examining problems from institutions catering to vested interests at the continent's expense, to a need to develop vigorous financial and fiscal frameworks. The ramifications and complications of energy law are labyrinthine: this volume discusses how energy deficits can burden disabled people, women, and children in excess of their more fortunate counterparts, as well as considering environmental issues, including the delicate balance between the necessity of water for drinking and cleaning and the use of water in industrial processes. A pivotal work of scholarship, the book poses pressing questions for energy law and international human rights.

FinTech in Sub-Saharan African Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484385667
Total Pages : 61 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis FinTech in Sub-Saharan African Countries by : Mr.Amadou N Sy

Download or read book FinTech in Sub-Saharan African Countries written by Mr.Amadou N Sy and published by International Monetary Fund. This book was released on 2019-02-14 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial industry. While it raises concerns on the emergence of vulnerabilities, FinTech challenges traditional structures and creates efficiency gains by opening up the financial services value chain. Today, FinTech is emerging as a technological enabler in the region, improving financial inclusion and serving as a catalyst for the emergence of innovations in other sectors, such as agriculture and infrastructure.