Financial Integration in Africa

Description: 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 the 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), United Bank for Africa (Nigeria), Standard Bank Group (South Africa) and BMCE BANK Group (Morocco)
4. M-PESA is a money transfer system launched by Vodafone; PESA means MONEY in Swahili
   1. In Africa, M-PESA is operative in Kenya, Tanzania, South Africa, the Democratic Republic of the Congo, Mozambique, Egypt and Lesotho
5. The JSE (Johannesburg Stock Exchange) represents 65 percent of the total market capitalisation in Africa
6. SADC (Southern African Development Community), COMESA (Common Market for Eastern and Southern Africa), WAEMU (West African Economic and Monetary Union), and CEMAC (Central African Economic and Monetary Community) are trying to harmonise their regional payment systems

Economic Area of the African Civilisation: Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Congo, Ivory Coast, Democratic Republic of the Congo, Djibouti, Egypt, Eritrea, Ethiopia, Equatorial Guinea, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Mozambique, Namibia, Niger, Nigeria, Rwanda, São Tomé and Príncipe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, Sudan, South Sudan, Eswatini (Swaziland), Tanzania, Togo, Tunisia, Uganda, Zambia, and Zimbabwe.

EENI African Portal

African Value Chains

Masters and Doctorates in Global Business adapted to:

1. Eastern African Students: Eritrea, Ethiopia, Kenya, Mauritius, Malawi, Seychelles, Somalia, Sudan, Tanzania, and Uganda.
2. Southern African Students: Botswana, Eswatini (Swaziland), Lesotho, Namibia, South Africa Zambia, and Zimbabwe.
3. Western African Students: The Gambia, Ghana, Liberia, Nigeria and Sierra Leone
4. Central African Students: Cameroon and Rwanda
5. Northern African Students: Egypt and Libya

Tony Elumelu