Game-changing trends and forces for agricultural financing in sub-Saharan Africa toward 2055: Verification and prioritization through the real-time Delphi method

2018 ◽  
Vol 47 (3) ◽  
pp. 244-256
Author(s):  
Cobus Oberholster ◽  
Chris Adendorff

This article reports on a research effort that looked at the future of agricultural financing in sub-Saharan Africa (SSA) toward 2055. The real-time Delphi method was used to verify key megatrends that should define the future of agriculture and agricultural development in the region. The implications of these trends for agricultural financing, together with potential game-changing forces with regard to the future delivery of financial services to agricultural producers, were also prioritized. The real-time Delphi method was employed to check both the future importance and probability of occurrence of the identified trends and corresponding disruptive technologies, business models, innovations in value-chain financing, market configurations, and institutional innovations. In addition, the method was also used to investigate the future perspectives of experts and to identify any specific, promising technological areas, innovations, and business models. Key elements of a desired future for agricultural financing in SSA were also confirmed.

2018 ◽  
Vol 11 (3) ◽  
pp. 199-231
Author(s):  
Cobus Oberholster ◽  
Chris Adendorff

This article reports on a research effort that looked at the future of agricultural financing in Sub-Saharan Africa, and provides governments in the region with key insights into agricultural development and the rural agricultural financing challenges. In the process of knowledge creation, a mixed-method approach was followed, with the futures triangle, emerging issues analysis, and causal layered analysis (CLA) being used to deepen the level of understanding regarding the future of agricultural financing. In addition, a real-time Delphi study was conducted to validate and prioritize the emerging trends and driving forces, and to incorporate expert knowledge into the possible financing futures. Four scenarios are presented that aim to stimulate new thoughts on policies that can facilitate increased financial inclusion in agricultural development in Sub-Saharan Africa.


2021 ◽  
Vol 15 (3) ◽  
pp. 95-118
Author(s):  
Diana Kangwa ◽  
Joseph Thokozani Mwale ◽  
Junaid M. Shaikh

Digital finance is an emerging frontier of financial sector development in the contemporary 21st century. In spite of the known benefits of digital finance, there is a widely held view that digital financial services have not adequately permeated vast segments of society given the disparities in the availability of finance, its accessibility, and use. Therefore, the evolution of financial technologies along with digital consumer behaviourism in the present age presents scope for re-modelling conventional financial business models to particularly enhance the financial inclusion of Generation Z. This generation presumably has a unique mental construct of digital financial inclusion on account of its financial needs and circumstances, and its intrinsic digital consumer behaviourism. Therefore, this article espouses the Lefebvrean Social Production of Space as a novel theoretical lens through which financial inclusion of Generation Z could be better conceptualised to provide predictive insight for the future development of inclusive digital banking ecosystems. To this end, the article demonstrates, under the Zambian context in sub-Saharan Africa, that Generation Z has the propensity and competence to use digital technologies, but its adoptive response to digital finance is shaped by the perception that conventional banking and finance is highly exclusive. This suggests that the conventional banking ecosystem operates along a continuum between social equity and financial sustainability, posing a conceptual challenge of designing financial business models that are equitable without undermining the sustainability of the ecosystem. It is hereby recommended that for a digital banking ecosystem to be authentically inclusive of Generation Z there must be participatory accountability that considers and embraces the generation’s bidding strategies for financial inclusion, and further facilitates empowerment of this clientele based on the co-evolutionary dynamics of financial technology and digital consumer behaviourism.


2021 ◽  
Vol 13 (4) ◽  
pp. 1780
Author(s):  
Chima M. Menyelim ◽  
Abiola A. Babajide ◽  
Alexander E. Omankhanlen ◽  
Benjamin I. Ehikioya

This study evaluates the relevance of inclusive financial access in moderating the effect of income inequality on economic growth in 48 countries in Sub-Saharan Africa (SSA) for the period 1995 to 2017. The findings using the Generalised Method of Moments (sys-GMM) technique show that inclusive financial access contributes to reducing inequality in the short run, contrary to the Kuznets curve. The result reveals a negative effect of financial access on the relationship between income inequality and economic growth. There is a positive net effect of inclusive financial access in moderating the impact of income inequality on economic growth. Given the need to achieve the Sustainable Development Targets in the sub-region, policymakers and other stakeholders of the economy must design policies and programmes that would enhance access to financial services as an essential mechanism to reduce income disparity and enhance sustainable economic growth.


2021 ◽  
Author(s):  
Wael Fares ◽  
Islam Moustafa ◽  
Ali Al Felasi ◽  
Hocine Khemissa ◽  
Omar Al Mutwali ◽  
...  

Abstract The high reservoir uncertainty, due to the lateral distribution of fluids, results in variable water saturation, which is very challenging in drilling horizontal wells. In order to reduce uncertainty, the plan was to drill a pilot hole to evaluate the target zones and plan horizontal sections based on the information gained. To investigate the possibility of avoiding pilot holes in the future, an advanced ultra-deep resistivity mapping sensor was deployed to map the mature reservoirs, to identify formation and fluid boundaries early before penetrating them, avoiding the need for pilot holes. Prewell inversion modeling was conducted to optimize the spacing and firing frequency selection and to facilitate an early real-time geostopping decision. The plan was to run the ultra-deep resistivity mapping sensor in conjunction with shallow propagation resistivity, density, and neutron porosity tools while drilling the 8 ½-in. landing section. The real-time ultra-deep resistivity mapping inversion was run using a depth of inversion up to 120 ft., to be able to detect the reservoir early and evaluate the predicted reservoir resistivity. This would allow optimization of any geostopping decision. The ultra-deep resistivity mapping sensor delivered accurate mapping of low resistivity zones up to 85 ft. TVD away from the wellbore in a challenging low resistivity environment. The real-time ultra-deep resistivity mapping inversion enabled the prediction of resistivity values in target zones prior to entering the reservoir; values which were later crosschecked against open-hole logs for validation. The results enabled identification of the optimal geostopping point in the 8 ½-in. section, enabling up to seven rig days to be saved in the future by eliminating a pilot hole. In addition this would eliminate the risk of setting a whipstock at high inclination with the subsequent impact on milling operations. In specific cases, this minimizes drilling risks in unknown/high reservoir pressure zones by improving early detection of formation tops. Plans were modified for a nearby future well and the pilot-hole phase was eliminated because of the confidence provided by these results. Deployment of the ultra-deep resistivity mapping sensor in these mature carbonate reservoirs may reduce the uncertainty associated with fluid migration. In addition, use of the tool can facilitate precise geosteering to maintain distance from fluid boundaries in thick reservoirs. Furthermore, due to the depths of investigation possible with these tools, it will help enable the mapping of nearby reservoirs for future development. Further multi-disciplinary studies remain desirable using existing standard log data to validate the effectiveness of this concept for different fields and reservoirs.


The Lancet ◽  
2017 ◽  
Vol 390 (10114) ◽  
pp. 2803-2859 ◽  
Author(s):  
Irene Akua Agyepong ◽  
Nelson Sewankambo ◽  
Agnes Binagwaho ◽  
Awa Marie Coll-Seck ◽  
Tumani Corrah ◽  
...  

2017 ◽  
pp. 19-21 ◽  
Author(s):  
Wondwosen Tamrat ◽  
Daniel Levy

Ethiopia’s private higher education (PHE) sector is the largest or second largest in sub-Saharan Africa, however a mix of enabling and restrictive policies have let PHE play a limited role in key respects. This article surveys the current landscape and asks important questions regarding the future of PHE.


2020 ◽  
Vol 28 (3) ◽  
pp. 429-439
Author(s):  
Tijani Forgor Alhassan ◽  
Ahou Julie Kouadio ◽  
Dadson Etse Gomado

The article examines the relationship between financial innovation (mobile banking) variables in sub-Saharan Africa. Mobile banking (also known as mobile money) is one of the main financial innovations in the sub-Saharan region, and it is a system through which non-bank residents (residents without bank accounts, etc.) receive financial services. The overall importance of financial innovation in today’s digital and knowledge-based economy, and indeed, innovative development, inspired this study. Using a partial linear regression model, we analysed the International Monetary Fund data set, the World Bank’s national economic data, and mobile banking data from GSMA for the period from 2011 to 2017. A negative correlation was found between these variables and growth, as well as financial development, but a positive relationship was established between financial development and economic development. This positive relationship re-confirms the argument that financial development affects economic growth. It is recommended that policy makers develop and implement the necessary policy tools that can promote this form of financial innovation, and thus link its benefits to the national economy in general.


Sign in / Sign up

Export Citation Format

Share Document