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A Comparative Analysis of Africa and Chinese Crowdfunding Markets

A Comparative Analysis of Africa and Chinese Crowdfunding Markets

Innocent Chirisa, Liaison Mukarwi
Copyright: © 2018 |Pages: 17
ISBN13: 9781522539520|ISBN10: 1522539522|EISBN13: 9781522539537
DOI: 10.4018/978-1-5225-3952-0.ch008
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MLA

Chirisa, Innocent, and Liaison Mukarwi. "A Comparative Analysis of Africa and Chinese Crowdfunding Markets." Crowdfunding and Sustainable Urban Development in Emerging Economies, edited by Umar G. Benna and Abubakar U. Benna, IGI Global, 2018, pp. 147-163. https://doi.org/10.4018/978-1-5225-3952-0.ch008

APA

Chirisa, I. & Mukarwi, L. (2018). A Comparative Analysis of Africa and Chinese Crowdfunding Markets. In U. Benna & A. Benna (Eds.), Crowdfunding and Sustainable Urban Development in Emerging Economies (pp. 147-163). IGI Global. https://doi.org/10.4018/978-1-5225-3952-0.ch008

Chicago

Chirisa, Innocent, and Liaison Mukarwi. "A Comparative Analysis of Africa and Chinese Crowdfunding Markets." In Crowdfunding and Sustainable Urban Development in Emerging Economies, edited by Umar G. Benna and Abubakar U. Benna, 147-163. Hershey, PA: IGI Global, 2018. https://doi.org/10.4018/978-1-5225-3952-0.ch008

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Abstract

This chapter compares the African and Chinese crowdfunding markets with a view to draw lessons from the two markets. China has a longer experience than Africa in the crowdfunding activities; crowdfunding processes in the country may not be directly applicable to the African states, but there are lessons that can be learnt by individual or group of African or Asian governments. These differing experiences identified can serve as a practical guide for urban development actors longing for sustainable funding for important urban development projects. In order to gather this data, the authors conducted a desktop review of literature, both grey and published being work on crowdfunding in Africa and China. Data collected were analysed using thematic content analysis. The chapter argues that the low adoption of crowdfunding by Africa can be attributed to a number of factors, including national regulatory environments that are not conducive for crowdfunding of equity and debt, and unconducive technological environments where e-commerce is not widely utilised.

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