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

  • November 19, 2019
    Pour le n•165 - automne 2019, Politique Internationale a interviewé Karim El Aynaoui, président du Policy Center for the New South, au sujet de la zone de libre échange continental, pour le dossier spécial « développement: les voies africaines ». Il y répond notamment aux questions suivantes : en quels termes faut-il repenser le développement  de l’Afrique ? Comment l’approche marocaine se définit-elle ? la façade atlantique de l’Afrique et l’importance de ses échanges avec l’Améri ...
  • Authors
    Hala Boumaiz
    November 15, 2019
    The effects of new technologies on the ways in which we think, govern, work and socialize are already posing complex problems for decision-makers, citizens and corporates, leading to reactions of rejection that reflect fear or lack of preparation in coping with digital transformations. Due to these changes, the classical patterns shaping our society - be it within the political, economic, or social spheres - have been rapidly altered. With this fast-paced transformation, the general ...
  • November 5, 2019
    In this brief, we review the evidence on Morocco’s export concentration, discuss its causes, and then draw some policy implications. The main message is that Morocco needs to raise its game in some less familiar markets and move outside its comfort zone. This implies not only investments by private firms, greater efforts on export promotion by the government and professional associations, but also deeper changes within Morocco, including in its educational system. Over the past two ...
  • Authors
    November 5, 2019
    Since 2013, armed conflict has raged in the Central African Republic, between the largely Muslim Seleka rebels and the predominantly Christian militias (known as the anti-Balaka). Rebel groups are controlling broad swathes of the country, exploiting mineral wealth, and levying taxes on cattle migration. Non-state actors such as the Popular Front for the Governance of the Central African Republic (FPRC), which claims to “govern” the country’s northeast, have severely tested the autho ...
  • Authors
    Samuel Arnaud
    October 28, 2019
    Africa, as a continent of economic opportunities, is attracting foreign players. In this context, India is emerging as an important partner, especially for Eastern and Southern Africa. The complexity of its geopolitical environment combined with internal specificities motivated the revival of interest for the continent. This paper draws on historical developments between India and African countries to provide the state of play of recent linkages. Those trends are better perceived th ...
  • Authors
    Sabine Cessou
    October 25, 2019
    Jeune banquier congolais, Eric Ntumba est venu de Kinshasa en décembre 2017 pour participer au programme Atlantic Dialogues Emerging Leaders du Policy Center for the New South (PCNS) à Marrakech. À l’époque, lorsqu’on lui demandait quel était son rêve, il déclarait d’emblée : « Devenir président de la République démocratique du Congo (RDC) et apporter un développement inclusif, pour faire que le potentiel énorme de ce pays se transforme enfin en puissance. Mon rêve est que chaque en ...
  • Authors
    Sabine Cessou
    October 25, 2019
    Eric Ntumba, a young Congolese banker, came from Kinshasa in December 2017 to participate in the Atlantic Dialogues Emerging Leaders Programme of the Policy Center for the New South (PCNS) in Marrakech. At that time, when asked what his dream was, he immediately said he would like : « to become President of the Democratic Republic of Congo (DRC) and bring about inclusive development, so that the country’s enormous potential can be finally transformed into power. My dream is that eac ...
  • Authors
    Nor-eddine OUMANSOUR
    Mohamed AZEROUAL
    Sarra BAHIJ
    October 2, 2019
    Cet article analyse les retombées des transferts de fonds des migrants sur la croissance économique et sur l’investissement domestique des pays africains. A cette fin, nous avons utilisé la Méthode des Moments Généralisés en Système en panels dynamiques pour un échantillon de 34 pays sur la période 1980-2016. Les principaux résultats des estimations effectuées montrent que les transferts de fonds des migrants exercent un effet significatif et positif sur la croissance économique et ...