This edited collection presents seventeen case studies focused on development banking in Africa at both the national and regional level. It discusses the political economy and key characteristics of these banks and sets them in broader multilateral, regional and sub-regional contexts.
Bringing together contributions from scholars in banking and finance as well as development finance practitioners, the book assesses in-depth the corporate governance, business models, risk management practices, institutional contexts, and challenges and achievements of development banks in a range of countries, including Ghana, Nigeria, Cōte d'Ivoire, Ethiopia, Rwanda, Kenya, Tunisia, Mauritius, Botswana, and Zimbabwe. It considers the major contributions of these banks so far, for example their impact on infrastructure development and trade, as well as setting out further policy implications and recommendations for further utilizing the potential of development banking in Africa. In addition, the book discusses comparative approaches in Asian development banks, regional banks and trade financing, regional case studies and the impact of development banking models on regional and sub-regional investments and economic development.
This book will be valuable readers for scholars and practitioners interested in banking and finance, development economics and finance, African economics, and the sustainable development goals.
PART I: Overview of Development Banking in Africa.-
1. Introduction to
Development Banking in Africa Joshua Yindenaba Abor and Daniel Ofori-Sasu.-
PART II: The Political Economy and Economics of National Development Banks
in Africa.-
2. The Political Economy of Development Bank Ghana: Emergence and
Early Years Joshua Yindenaba Abor, Daniel Ofori-Sasu and Bumi Camara.- 3.The
System of National Development Banks in Nigeria: The Case of Development Bank
of Nigeria Paul Terna Gbahabo, Benjamin Agyeman, and Sylvanus Ikhide.-
4.
Development Banking in Cōte d'Ivoire: The Case of the Banque Nationale
d'Investissement Christian A. Aboua, Charles Odoom, and Jules F. Konan.-
5.
Development Bank of Ethiopia: A Catalyst for Economic Growth and Development
Ashenafi Fanta and Habtamu Berhanu.-
6. The Development Bank of Rwanda:
Contributions and Challenges Daniel Ofori-Sasu, Joshua Yindenaba Abor and
Frank Abaho Gakwaya.-
7. Kenya Development Corporation as an Instrument of
Economic Growth Peter W. Muriu and Victor Murinde.-
8. The Experience of
Development Bank of Mauritius Sunil Bundoo, Baah Aye Kusi, and Isaac Kofi
Bekoe.-
9. National Development Bank and Financing of SMEs in Tunisia: The
Case of Banque de Financement des Petites et Moyennes Entreprises (BFPME)
Mondher Khanfir and Charles Odoom.- 10. The Role of Botswana Development
Corporation in National Development Mbako Mbo.-
11. The Infrastructure
Development Bank of Zimbabwe and Infrastructure Financing James Atambilla
Abugre, Joshua Yindenaba Abor, and Mercy Marimo.- PART III: Multilateral,
Regional and Sub-Regional Development Banks.-
12. Multilateral Development
Banks: Contributions and Challenges Joshua Yindenaba Abor, Lakshmy
Subramanian, Khadijah Iddrisu, and Randolph Nsor-Ambala.-
13. The Role of
Regional Development Banks: Comparing African Development Bank and Asian
Development Bank Lordina Amoah, Ebenezer Bugri Anarfo, Janet Talata Abor, and
Joseph G. Nellis.-
14. The Role of African Export-Import Bank in Trade
Financing Anthony Kyereboah-Coleman, Kanayo Awani, and Joshua Yindenaba
Abor.-
15. The ECOWAS Bank for Investment and Development: Major Achievements
and Challenges George N. A. Donkor, Olagunju M. O. Ashimolowo, Sydney O.
Vanderpuye, and Daniel Ofori-Sasu.-
16. Development Banking in the East
Africa: The Case of East African Development Bank Jared Osoro, Roseline N.
Misati, and Samuel Tiriongo.-
17. The New Development Bank Matthew Kofi
Ocran.- 18.Islamic Development Bank: An Instrument for Alternative
Development Financing in Africa Abdul Nashiru Issahaku, Jabir Ibrahim
Mohammed, and Sherif Sulemana.- PART IV: The Future of Development Banks.-
19. The Future of Development Banks in Africa Joshua Yindenaba Abor and
Daniel Ofori-Sasu.
Joshua Yindenaba Abor is a financial economist, Professor of Finance and former Dean at University of Ghana Business School. He is an External Fellow at the Centre for Global Finance, SOAS University of London. He is an Afreximbank Research Fellow and has held Visiting Scholar positions at the IMF and is a member of the Monetary Policy Committee of the Bank of Ghana.
Daniel Ofori-Sasu is an emerging financial economist and a lecturer at the Department of Finance of the University of Ghana Business School. He has been involved in projects sponsored by the Afreximbank, the African Development Bank, and the African Center for Economic Transformation (ACET) under the supervision of the Corporate Support Group Limited. His research interests include finance, economics, governance, sustainability, and environmental and development policy issues.