The African Financial Review July-August 2014 | Page 4

CONTENTS

July/August 2014
FROM THE EDITOR 7 MASTHEAD 9

BANKING
Banking crises and inflation dynamics in the West
Africa Monetary Zone
Adegoke L Adeleke and Joseph O Ogebe

10

Bank reforms and banks performance in Nigeria
Felicia Omowunmi Olokoyo

18

FINANCE
Emerging African economies: Strategies for coping
with global financial crisis
K A Akanni

23

Democracy: A determinant factor in reducing inflation
Mohamed Fenira

29

FDI - Economic nexus: foreign direct investment
financial sector development and economic growth
Ibrahim Dolapo Raheem and Mutiu Abimbola Oyinlola

42

INDUSTRY/SECTORS
Knowing where organic markets move next - …
Farmers in developing economies can benefit from
growing global demand for organic products
Linda Kleeman

52

Trade openness, institutions and economic growth in
Sub-Saharan Africa (SSA)
Oluwatoyin A Matthew, Folasade B Adegboye

59

LEADERSHIP
Relationship between ethical leadership and value
creation
Saliha Theiri

70

SUSTAINABILITY
Microfinance and Poverty alleviation programmes in
Nigeria – the needed paradigm shifts
Adolphus J Tony, Henry W Akani

76

The impact of financial inclusion on monetary policy
in Nigeria
Mbutor O Mbutor, Ibrahim A Uba

92

ECOWAS and the Free Movement of Goods, Persons
and Establishment
Victor Clark Esekumemu

100

ARTS & CULTURE
History and trends in the African art market
Bryan Reeves

109

4 | The African Financial Review