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

  • Authors
    March 29, 2017
    Dans un contexte mondial de plus en plus préoccupé par les aléas climatiques, comprendre l’impact de la croissance économique sur l’environnement devient crucial, notamment pour les pays en voie de développement. Ce papier aborde cette problématique sous le prisme des émissions de dioxyde de carbone (CO2) et examine comment la croissance économique se répercute sur l’environnement. L’objectif de cette étude est de tester la validité de la courbe environnementale de Kuznets (CEK) pou ...
  • Authors
    Françoise Nicolas
    March 24, 2017
    Since the fall of the Derg regime in 1991, cordial relations have developed between China and Ethiopia, forming a positive political backdrop in front of which the two countries’ interests have increasingly converged. On the one hand, Ethiopia seeks to replicate the experience of East Asian countries such as Taiwan, Malaysia, or China and to attract foreign direct investment (FDI) in order to accelerate the development of its manufacturing capacities (in particular through an ambit ...
  • Authors
    Coordonné par
    Zineb Bouba
    Appui technique: Pierre-Richard Agénor
    March 9, 2017
    Dans le sillage des débats actuels sur la contribution de la femme à la création de richesses, le présent ouvrage s’essaye d’y contribuer moyennant des approches méthodologiques innovantes couvrant plusieurs champs d’analyse conciliant l’égalité de genre, les politiques publiques et la croissance économique au Maroc. Il offre, ainsi, un diagnostic exhaustif de l’évolution des inégalités de genre en termes, notamment, d'accès à l'emploi, à l'éducation, à la santé, à l'infrastructure, ...
  • Authors
    Sandra Polónia Rios
    Pedro da Motta Veiga
    Eduardo Augusto Guimarães
    February 22, 2017
    Despite the sustained growth in the bilateral trade observed at the beginning of the Century, Moroccan – Brazilian economic relations are still going through what could be called the ‘shallow’ phase of relations between two middle-income countries. Trade is concentrated in a few products – those where both countries enjoy long lasting and natural comparative advantages – and face strong difficulties to diversify in terms of products and to upgrade towards more complex models of lin ...
  • Authors
    February 1, 2017
    L’analyse des relations commerciales entre le Maroc et l’Afrique subsaharienne fait ressortir un volume des échanges croissants, reflétant ainsi une dynamisation continue des leurs relations commerciales. Une tendance similaire est observée au niveau des investissements directs étrangers, qui ne cessent de croître au cours des dernières années, traduisant la volonté du Maroc à devenir un acteur majeur dans le développement du continent africain. Ce Policy Brief présente dans un prem ...
  • Authors
    February 1, 2017
    An analysis of trade relations between Morocco and sub-Saharan Africa indicates a growing volume of trade, reflecting a continuation of stimulated trade relations. A similar trend is observed in foreign direct investment (FDI), which has continued to grow in recent years, reflecting Morocco's determination to become a major player in the development of the African continent. This Policy Brief first presents trends in inter-regional trade between Morocco and sub-Saharan Africa, focus ...
  • Authors
    Thomas Awazu Pereira da Silva
    January 2, 2017
    This year, under the patronage of His Majesty King Mohammed VI, the OCP Policy Center (OCPPC) - in collaboration with the German Marshall Fund of the United States (GMFUS) - hosted and organized the fifth Atlantic Dialogues, gathering over 300 high-level international public- and private-sector leaders from the Atlantic Basin to discuss cross-regional issues ranging from economic and social development, security and trade, to migration, resources, and energy. This year’s event, loca ...
  • Authors
    Vera Songwe
    December 23, 2016
    Partout dans le monde, l'intégration économique régionale permet d'accélérer la croissance et le développement en apportant une panoplie d'avantages liés à une meilleure coopération politique, à un commerce intra-régional accru et à la création d'emplois. Les régions qui sont plus intégrées se sont révélées capables de connaître une croissance plus rapide et ont fait preuve d'une plus grande capacité d'adaptation en période de ralentissement de l'économie mondiale. Alors que l'écono ...
  • Authors
    Onasis Tharcisse A. Guedegbe
    December 23, 2016
    L'intégration commerciale est une condition de réussite de tout projet d’intégration économique. Les facteurs entravant cette intégration commerciale sont donc un goulot d’étranglement au projet d’intégration économique des pays de la Communauté Economique des Etats de l’Afrique de l’Ouest (CEDEAO), projet qui constitue un moyen efficace de faire face à la forte expansion de la demande alimentaire sous régionale. Cet article vise à mettre en lumière les facteurs contraignant la flui ...
  • Authors
    Vera Songwe
    December 23, 2016
    Regional economic integration across the world accelerates growth and development by bringing a wide array of benefits associated with enhanced political cooperation, increased intra-regional trade, and job creation. Regions that are more integrated have proven to grow faster and have shown greater resilience in times of global economic downturns. As the world economy struggles to return to the high growth levels of a decade ago, stimulating internal and regional growth has become t ...