Publications /
Paper in Academic Journals

Back
Unveiling the drivers of Africa’s digital financial inclusion journey
Authors
Zakaria Elouaourti
January 31, 2024

This Paper was originally published on onlinelibrary.wiley.com

This study aimed to unveil the evolving landscape of digital financial inclusion in African countries during the post-COVID-19 era. We examined factors influencing the access and usage of digital financial services and identified population segments facing increased exclusion due to the digital divide. First, by applying principal component analysis to data collected at the country level from 39 African countries in 2014, 2017, and 2022, we developed a digital financial inclusion index. Second, the empirical research utilized a microlevel dataset of 29,042 adults from 29 countries, sourced from the World Bank's Global Findex 2021 database, employing the instrumental variable probit methodology. Comparative analysis showed improvements in digital financial inclusion rankings for Kenya, Lesotho, and Botswana, while Egypt, Sudan, Tunisia, and Niger experienced declines, indicating limited access. Our empirical findings suggest that certain groups, such as women and individuals with limited education and lower incomes, encounter obstacles in accessing digital financial services. Factors such as education level, labor market participation and access to technology and internet infrastructure emerged as crucial in promoting digital financial inclusion. Our sample's representative nature enhances the study's practical implications, guiding public policies and international institutions to accelerate digital financial inclusion in Africa.

RELATED CONTENT

  • October 8, 2026
    This paper was originaly published on Higher Education Policy Journal This article critically assesses the alignment between Morocco’s public guidance schemes for international students and its national development goals. Specifically, it investigates the capacity of these mechanisms to transform student mobility from a potential ‘brain drain’ into a tangible ‘brain gain’. Employing a qualitative case study approach, we conducted a systematic content analysis of 204 mobili ...
  • Authors
    Marie-Noelle Nwokolo
    October 6, 2026
    The author of this opinion, Marie-Noelle Nwokolo, is a 2024 alumna of the Atlantic Dialogues Emerging Leaders Program.In September 1978, delegations from 138 countries gathered in Buenos Aires, Argentina, around a powerful idea: developing countries had knowledge, experience and capabilities worth sharing with one another. The Buenos Aires Plan of Action gave institutional form to what we now call South-South Cooperation, part of a wider post-colonial effort by developing ...
  • Authors
    October 2, 2026
    Le Cameroun dispose d'importants gisements de minerais, notamment de fer, de la bauxite, d'or, de cobalt, de nickel, de manganèse, de calcaire, de marbre, de diamants, entre autres. L'industrie minière du pays est restée dominée par l'exploitation artisanale et à petite échelle, en particulier l'orpaillage, tandis que les hydrocarbures ont représenté l'essentiel des recettes issues des industries extractives. Le pays cristallise ainsi le paradoxe africain : malgré l’ampleur et la di ...
  • September 28, 2026
    This paper was initially published in French on the website of the Fondation Jean-Jaurès. There was a historic decline in Official Development Assistance (ODA) in 2025. Foreign aid to developing countries from members of the OECD-DAC fell by some 23%, the largest decline on record and the second consecutive annual decline. Aid to Africa fell by more than 25%. The International Monetary Fund (IMF) described this decline in ODA to Africa as “a shock like no other.” It differ ...
  • September 25, 2026
    Dans cet épisode d’Africafé, Amadou Diop analyse les défis de sécurité maritime auxquels font face les pays de l’Afrique atlantique, de la piraterie aux trafics transfrontaliers. Il souligne la nécessité de mutualiser les moyens et de partager l’information entre États. L’échange aborde...
  • Authors
    Luladay Berhanu Mengistie
    Guillaume Gérout Suominen
    September 21, 2026
    The African Union Summit of February 2026 instructed the African Continental Free Trade Area (AfCFTA) Council of Ministers to negotiate a Protocol on Industrial Policy and Development. This work, handled without adequate preparation, is likely to reproduce the weaknesses it is meant to remedy. This paper is a conceptual mapping exercise, written to raise the preparatory questions before drafting begins, rather than to prescribe outcomes.It proceeds in five sections:1. It works towar ...
  • September 11, 2026
    Since the early 2000s, the Moroccan labour market has experienced continuous educational expansion that has not been matched by an equivalent transformation of the economy's productive structure, giving rise to situations of vertical mismatch between employed workers' education levels and the requirements of the jobs they hold. This study analyzes the determinants of overeducation and undereducation using anonymized microdata from the 2014 General Population and Housing Census (RGPH ...