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2015 | OriginalPaper | Chapter

Banking and the Financial Sector

Author: Lite J. Nartey

Published in: Africans Investing in Africa

Publisher: Palgrave Macmillan UK

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Investment in Africa’s financial sector has the ability to transform the lives of individual Africans by greatly enhancing access to financial resources and opportunities and increasing economic development across the continent. Indeed, ‘banking is not one sector in a vibrant economy: it is the foundation upon which most other sectors are built’.1 However, as the global financial industry moves towards convergence in terms of regulations and practices facilitating investment across countries, across the African continent the ease of investment is less realised. Only 12 per cent of total trade and investment on the African continent is between African countries.2

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Metadata
Title
Banking and the Financial Sector
Author
Lite J. Nartey
Copyright Year
2015
Publisher
Palgrave Macmillan UK
DOI
https://doi.org/10.1057/9781137542809_8

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