The Impact of Inflation on Financial Sector Performance: A Case Study of Sub-Saharan Africa

2014 ◽  
Vol 8 (1) ◽  
pp. 43
Author(s):  
Apanisile Olumuyiwa Tolulope ◽  
Oyelami Lukman Oyeyinka
2003 ◽  
Vol 41 (4) ◽  
pp. 507-531 ◽  
Author(s):  
Kate Bayliss

Over the past twenty years, the focus of development policy has shifted from the state to the private sector. Privatisation is now central to utility reform in much of SSA. This paper sets out developments in water privatisation and reviews the evidence regarding its impact. Water privatisation has been carried out to some degree in at least fourteen countries in the region, and many other governments are at various stages in the privatisation process. However, in some cases privatisation has been difficult to achieve, and a few countries have successfully provided water under public ownership. Evidence on the impact of privatisation indicates that the performance of privatised utilities has not changed dramatically, but that enterprises have continued to perform well, or not so well, depending both on their state when they were privatised and on the wider economic context. The evidence points to internal improvements in terms of financial management. However, governments face considerable difficulties in attracting investors and regulating private utilities. Furthermore, privatisation fails to address some of the fundamental constraints affecting water utilities in SSA, such as finance, the politicised nature of service delivery, and lack of access for the poor. A preoccupation with ownership may obscure the wider goals of reform.


2021 ◽  
Author(s):  
King David Dzirasah

Abstract Covid-19 pandemic has impacted socio-economic activities in sub-Saharan Africa and Ghana for that matter. Occupations in the informal sector such as shoe-shine business have been affected by the disease outbreak. This paper focuses on migrant vulnerabilities and their responses to Covid-19 with a specific focus on shoe-shine boys in Cape Coast Metropolis. The study is guided by the IOM determinants of migrant vulnerability model, empirical review on the shoe-shine business and conceptual framework on shoe-shine business within the informal sector. Using an interview guide, ten shoe-shine boys were interviewed in the Cape Coast Metropolis. Their responses were transcribed and a content analysis was employed to analyze the data. The main challenges caused by Covid-19 were the reduction in income, decrease in customer base and changes in the nature of work. The study concluded that the irregular nature of the shoe-shine business exacerbated the impact of the covid-19 on the occupation but individual coping strategies were key in ensuring the sustainability of the occupation.


2021 ◽  
Vol 11 (3) ◽  
pp. 151
Author(s):  
Mehadi Mamun

Donors provide aid to the recipient government with conditions to implement some policies so that the recipient government can use aid effectively and able to improve its economic, social, and political situation as well as reduce its poverty. However, concerns have been raised that aid conditionality has promoted reforms that could not reduce the poverty situation in some countries such as sub-Saharan Africa, while some countries in East Asia were able to break out of poverty and find themselves better off than before the conditional aid was accepted. Hence, the purpose of this study is to examine the impact of foreign aid conditionality on poverty alleviation in Bangladesh. The paper is qualitative in nature and a case study on Bangladesh. The study has been conducted by using secondary data, like journal articles, research papers, and Bangladesh government and aid donors’ reports. The study finds that Bangladesh has started to show considerable improvement in reducing poverty, though it is still ranking low on the Human Development Index. The findings have important implications for policymakers and captured insights about the foreign aid conditionality in Bangladesh.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Vera Fiador ◽  
Lordina Amoah ◽  
Emmanuel Abbey

PurposeThe purpose of the study is to explore the implications of global financial integration on host economies in Sub-Saharan Africa (SSA). The study tests the competing views on the impact of foreign bank penetration on private sector access to credit in developing host economies.Design/methodology/approachUsing data on a panel 25 SSA economies over a period of 22 years from 1995 to 2016, the study employs fixed effects and Prais-Winsten estimations as well as generalized methods of moments (GMM) to test the foreign bank impact.FindingsThe findings show support for the hypothesis that global financial integration has positive implications for participating economies. In other words, financial sector liberalization and deregulation leading to the influx of foreign banks has positive implications for access to credit by the private sector in SSA economies. The study also finds other standard determinants of access to credit like lending rate and broad money supply conforming to the existing literature in terms of impact.Originality/valueOverall, the findings hold relevant implications for banking sector policies and the financial sector in general regarding the priority that policy makers and advisors attach to reforming financial sector policies.


Mousaion ◽  
2016 ◽  
Vol 33 (1) ◽  
pp. 1-22
Author(s):  
Shingi Muzondo ◽  
Ezra Ondari-Ekemwa

This article reports on a study that investigated the impact of organisational culture on internal knowledge production and assessed the challenges of producing knowledge at the Africa Institute of South Africa (AISA), which is seen as a model knowledge producing think tank in sub-Saharan Africa. The broad objectives of the study were: identifying AISA’s achievements in knowledge production; finding out the challenges AISA confronts in producing knowledge; examining how AISA’s organisational culture impacts on internal knowledge production; and suggesting ways in which knowledge production at AISA and other think tanks may be improved. A case study was conducted and self-administered questionnaires, face-to-face interviews, document analysis, and observation were used to collect data. The findings showed that AISA’s knowledge production efforts are confronted by several challenges, including: organisational culture and employees’ negative attitudes towards sharing knowledge freely, and employees encountering difficulties in finding the information and knowledge they need. If these challenges could be identified and clearly confined, it is argued that AISA would be in a better position to effectively produce and utilise knowledge, enabling it to achieve its objectives more efficiently. It is recommended that AISA acquire knowledge from external sources; produce knowledge internally which it uses and is used by its clientele; and establish itself as a knowledge-based organisation by creating a knowledge friendly culture as a framework for addressing the issue of organisational culture. The study results will hopefully lay a foundation for understanding ways of improving knowledge production at AISA and thus influence positive public policy in sub-Saharan Africa.


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Darren Fraser ◽  
Thando Mpikeleli ◽  
Theo Notteboom

Purpose Increased economic activity in sub-Saharan Africa (SSA) has given rise to increased demand for port development. Given the often scarce availability of national public funding, port institutional reform programmes have been implemented to pave the way for the inclusion of external port investors. Notwithstanding this fact, some sub-Saharan African Governments remain institutionally locked into the notion that state-owned enterprises remain an appropriate vehicle for port terminal operations. This, despite the fact that terminal operational concessions globally and within the continent of Africa are increasingly being managed by global terminal operators. Given this context, this study aims to evaluate different port valuation and funding strategies. Two research questions form the core of this research: what is the financial value of a concession? What is the most cost advantageous funding strategy? The methodology is applied to the development of a two-berth container terminal in SSA. Design/methodology/approach After reviewing a range of financial valuation and funding techniques, the study presents valuation and funding model applicability-fit tests. Thereafter, a suitable valuation technique is selected and applied to the case study providing a concession valuation. Different funding strategies are applied to the valuation model to determine the cost implications of each funding instrument given the local context and institutional constraints applicable to SSA. Finally, the study discusses the significance of the results to potential SSA port investors by highlighting the impact of each funding approach on key financial metrics. Findings The study presents a range of financial investment appraisal results for the case study concession in consideration of four specific funding strategies. The highest concession valuation could be attributed to a higher debt ratio as a principal funding strategy. In addition, this funding approach (100% debt) realised the shortest payback period and the highest internal rate of return values. The authors, however, maintain that the optimal funding strategy for a concession depends ultimately on the financial goals of the investor. Originality/value This research makes a contribution to the existing literature on port finance and development by presenting a structured approach to the evaluation of the valuation and funding techniques, which can be used in terminal development subject to the specific local context and institutional constraints (in this case applicable to SSA). The study provides practical insight into the potential cost of the considered terminal concession for private or public sector participants and a view of the most cost advantageous funding strategy available for interested investors.


Policy Papers ◽  
2013 ◽  
Vol 13 (5) ◽  
Author(s):  

This supplement presents country case studies reviewing energy subsidy reform experiences, which are the basis for the reform lessons identified in the main paper. The selection of countries for the case studies reflects the availability of data and of previously documented evidence on country-specific reforms. The 22 country case studies were also chosen to provide cases from all regions and a mix of outcomes from reform. The studies cover 19 countries, including seven from sub-Saharan Africa, two in developing Asia, three in the Middle East and North Africa, four in Latin America and the Caribbean, and three in Central and Eastern Europe and the CIS. The case studies are organized by energy product, with 14 studies of the reform of petroleum product subsidies, seven studies of the reform of electricity subsidies, and a case study of subsidy reform for coal. The larger number of studies on fuel subsidies reflects the wider availability of data and past studies for these reforms. The structure of each case study is similar, with each one providing the context of the reform and a description of the reforms; discussion of the impact of the reform on energy prices or subsidies and its success or failure; mitigating measures that were implemented in an attempt to generate public support for the reform and offset adverse effects on the poor; and, finally, identification of lessons for designing reforms.


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