PART I:  Overview of Development Banking in Africa.- 1. Introduction to Development Banking in Africa Joshua Yindenaba Abor and Daniel Ofori-Sasu.- PART II:  The Political Economy and Economics of National Development Banks in Africa.- 2. The Political Economy of Development Bank Ghana: Emergence and Early Years Joshua Yindenaba Abor, Daniel Ofori-Sasu and Bumi Camara.- 3.The System of National Development Banks in Nigeria: The Case of Development Bank of Nigeria Paul Terna Gbahabo, Benjamin Agyeman, and Sylvanus Ikhide.- 4. Development Banking in Côte d'Ivoire: The Case of the Banque Nationale d'Investissement Christian A. Aboua, Charles Odoom, and Jules F. Konan.- 5. Development Bank of Ethiopia: A Catalyst for Economic Growth and Development Ashenafi Fanta and Habtamu Berhanu.- 6. The Development Bank of Rwanda: Contributions and Challenges Daniel Ofori-Sasu, Joshua Yindenaba Abor and Frank Abaho Gakwaya.- 7. Kenya Development Corporation as an Instrument of Economic Growth Peter W. Muriu and Victor Murinde.- 8. The Experience of Development Bank of Mauritius Sunil Bundoo, Baah Aye Kusi, and Isaac Kofi Bekoe.- 9. National Development Bank and Financing of SMEs in Tunisia: The Case of Banque de Financement des Petites et Moyennes Entreprises (BFPME) Mondher Khanfir and Charles Odoom.- 10.  The Role of Botswana Development Corporation in National Development Mbako Mbo.- 11. The Infrastructure Development Bank of Zimbabwe and Infrastructure Financing James Atambilla Abugre, Joshua Yindenaba Abor, and Mercy Marimo.- PART III:  Multilateral, Regional and Sub-Regional Development Banks.- 12. Multilateral Development Banks: Contributions and Challenges Joshua Yindenaba Abor, Lakshmy Subramanian, Khadijah Iddrisu, and Randolph Nsor-Ambala.- 13. The Role of Regional Development Banks: Comparing African Development Bank and Asian Development Bank Lordina Amoah, Ebenezer Bugri Anarfo, Janet Talata Abor, and Joseph G. Nellis.- 14. The Role of African Export-Import Bank in Trade Financing Anthony Kyereboah-Coleman, Kanayo Awani, and Joshua Yindenaba Abor.- 15. The ECOWAS Bank for Investment and Development: Major Achievements and Challenges George N. A. Donkor, Olagunju M. O. Ashimolowo, Sydney O. Vanderpuye, and Daniel Ofori-Sasu.- 16. Development Banking in the East Africa: The Case of East African Development Bank Jared Osoro, Roseline N. Misati, and Samuel Tiriongo.- 17. The New Development Bank Matthew Kofi Ocran.- 18.Islamic Development Bank: An Instrument for Alternative Development Financing in Africa Abdul Nashiru Issahaku, Jabir Ibrahim Mohammed, and Sherif Sulemana.- PART IV:  The Future of Development Banks.- 19. The Future of Development Banks in Africa Joshua Yindenaba Abor and Daniel Ofori-Sasu.

This edited collection presents seventeen case studies focused on development banking in Africa at both the national and regional level. It discusses the political economy and key characteristics of these banks and sets them in broader multilateral, regional and sub-regional contexts. Bringing together contributions from scholars in banking and finance as well as development finance practitioners, the book assesses in-depth the corporate governance, business models, risk management practices, institutional contexts, and challenges and achievements of development banks in a range of countries, including Ghana, Nigeria, Côte d'Ivoire, Ethiopia, Rwanda, Kenya, Tunisia, Mauritius, Botswana, and Zimbabwe. It considers the major contributions of these banks so far, for example their impact on infrastructure development and trade, as well as setting out further policy implications and recommendations for further utilizing the potential of development banking in Africa. In addition, the book discusses comparative approaches in Asian development banks, regional banks and trade financing, regional case studies and the impact of development banking models on regional and sub-regional investments and economic development. This book will be valuable readers for scholars and practitioners interested in banking and finance, development economics and finance, African economics, and the sustainable development goals. Joshua Yindenaba Abor is a financial economist, Professor of Finance and former Dean at University of Ghana Business School. He is an External Fellow at the Centre for Global Finance, SOAS University of London. He is an Afreximbank Research Fellow and has held Visiting Scholar positions at the IMF and is a member of the Monetary Policy Committee of the Bank of Ghana. Daniel Ofori-Sasu is an emerging financial economist and a lecturer at the Department of Finance of the University of Ghana Business School. He has been involved in projects sponsored by the Afreximbank, the African Development Bank, and the African Center for Economic Transformation (ACET) under the supervision of the Corporate Support Group Limited. His research interests include finance, economics, governance, sustainability, and environmental and development policy issues.

“Until now, the literature on development banks in Africa has been mostly confined to specialized journals.  This book provides a comprehensive, readable and authoritative overview of the current state of play of development banking in Africa. It will therefore be an essential reference for academics, policymakers and practitioners in the area.” (Professor Christopher J. Green, Emeritus Professor of Economics and Finance, Loughborough University, UK) “This book is a reference to understand the mechanisms through which development banks balance the financing of development through the funding of long-term projects. I strongly recommend this book for students, researchers, bankers, and reading enthusiasts seeking to deepen their knowledge of development banks.” (George Agyekum Donkor, PhD, President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID)) “The role of the private sector in fostering economic growth and development in Africa is critical to infrastructure financing, technology transfer and poverty reduction. This book reflects case studies of carefully selected African countries to showcase recent experiences of developments banks. It is recommended for researchers, students and policy makers and practitioners.” (Felix Oppong, PhD, Senior Economist, The World Bank, Washington DC, USA)  

Presents in-depth case studies of African development banks Situates development banking in Africa in a broader regional context Examines how national and regional development banks contribute to economic and sustainable development

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