Financial Integration in Africa

EENI- School of International Business

Subject: Regional Financial Integration in Africa. Syllabus:

1. Introduction to Regional Financial Integration in Africa
2. Trends in the African regional financial integration
3. Case Study: The four largest African banking groups
   1. The ECOBANK (Togo)
   2. The United Bank for Africa (Nigeria)
   3. The Standard Bank Group (South Africa)
   4. The BMCE BANK Group (Morocco)
4. Cross-border banking
5. Mobile banking services
6. Payment systems in Africa
7. Risks from cross-border banking in Africa
8. Case Study: Vodafone Money Transfer (M-PESA) in Africa
9. Capital markets development in Africa
10. Regional Financial infrastructure
11. History of the monetary cooperation in Africa
12. Challenges of the CFA zone
13. Case Study: the Monetary Cooperation Arrangements of the Regional Economic Communities (REC)

Sample of the subject - Financial Integration in Africa:

Description of the Subject: Regional financial integration in Africa.

In general, the financial systems in Africa are limited (both in capacity and size) and not fully regional integrated, this cause high transactions cost and elevated levels of risk

1. A right financial infrastructure (legal framework, payment systems, credit registries...) can contribute to boost the intra-African trade and economic growth
2. One of the pillars of the African financial system is the Cross-border banking
3. The four largest Banks in Africa are the ECOBANK (Togo), the United Bank for Africa (Nigeria), the Standard Bank Group (South Africa) and the BMCE BANK Group (Morocco)
4. M-PESA is a money transfer system launched by Vodafone; PESA means MONEY in Swahili
5. In Africa, M-PESA is operative in Kenya, Tanzania, South Africa, the Democratic Republic of the Congo, Mozambique, Egypt and Lesotho
6. The JSE (Johannesburg Stock Exchange) represents 65 percent of the total market capitalisation in Africa
7. The SADC (Southern African Development Community), the COMESA (Common Market for Eastern and Southern Africa), the WAEMU (West African Economic and Monetary Union), and the CEMAC (Economic and Monetary Community of Central Africa) are trying to harmonise their regional payment system

The Economic Area of the African Civilisation.

Tony Elumelu

Jim Ovia

Othman Benjelloun

African Value Chains