CONTENTS
September/October 2013
FROM THE EDITOR 7 MASTHEAD 9
10 REVIEW
Financial development in Africa and the role of institutions
Raju Jan Singh
10
Opportunities for impact investing in Africa
Els Boerhof
13
Mobile financial services in Africa: Success, opportunities and challenges
Mwangi Kimenyi
16
22 DEVELOPMENT
Financing Africa’s infrastructure gap
Mthuli Ncube
FEATURE
22
Financial sector development and the diversification of African economies
Omotunde E. G. Johnson
25
Growth of regional banks in Africa
Suresh Chaytoo
FEATURE
32
How China can better contribute to Africa’s business development
Simon Commander and Yan Wang
34
37 ANALYSIS
Managing financial sector crisis in Nigeria through AMCON
Dr W. U. Ani
37
Strengthening the African banking sector:
How development finance institutions can help
Julien Lefilleur
42
Confronting inter-regional disparities in Nigeria
Ayo Teriba
47
50 FOCUS
Does foreign aid make economic sense?
Finn Tarp
53 SUSTAINABILITY
The sun’s energy has the potential to power economic
growth and development in East Africa
Janosch Ondraczek
50
53
Innovation in the field: Tapping the potential of Africa’s agriculture
FEATURE
57
Greening the AU economy – adapting to climate change along
a low carbon development pathway
Michelle Barnard
59
4 | The African Business Review