Sustainable Finance in Africa: A Comparative Overview
The international community has introduced many policies and strategies to transform the economy into a green and sustainable economy. As finance is the economy's lifeblood, reform in the financial sector is vital to achieving sustainable development. The financial industry has two main aims in...
Uloženo v:
| Vydáno v: | Mizan law review Ročník 18; číslo 1; s. 123 - 160 |
|---|---|
| Hlavní autor: | |
| Médium: | Journal Article |
| Jazyk: | angličtina |
| Vydáno: |
St. Mary's University, Addis Ababa
30.03.2024
|
| Témata: | |
| ISSN: | 1998-9881, 2309-902X |
| On-line přístup: | Získat plný text |
| Tagy: |
Přidat tag
Žádné tagy, Buďte první, kdo vytvoří štítek k tomuto záznamu!
|
| Abstract | The international community has introduced many policies and strategies to transform the economy into a green and sustainable economy. As finance is the economy's lifeblood, reform in the financial sector is vital to achieving sustainable development. The financial industry has two main aims in promoting sustainable finance. To protect itself from risks that emanate from the climate crisis and to positively contribute to transforming the economy into a green and sustainable economy. Some African countries have introduced legal and policy frameworks to reorient the financial industry into a more sustainable path. This article examines the experience of five African countries: South Africa, Nigeria, Ghana, Kenya and Ethiopia. African banks and financial institutions voluntarily join international initiatives and adapt to international standards. This shows that the industry is open to embracing the inevitable change that determines the future of finance in domestic and international markets. African countries are also taking essential steps with a growing interest in doing more. African countries can benefit from the new trends in the financial market. However, lack of resources, proper policy and legal frameworks, and lack of qualified experts are still challenging the transformation to sustainable finance in Africa. The African Union is thus expected to coordinate the efforts of individual countries to transform the continent's financial sector into a more sustainable path. So far, only a few AU initiatives concerning sustainable finance exist. |
|---|---|
| AbstractList | The international community has introduced many policies and strategies to transform the economy into a green and sustainable economy. As finance is the economy's lifeblood, reform in the financial sector is vital to achieving sustainable development. The financial industry has two main aims in promoting sustainable finance. To protect itself from risks that emanate from the climate crisis and to positively contribute to transforming the economy into a green and sustainable economy. Some African countries have introduced legal and policy frameworks to reorient the financial industry into a more sustainable path. This article examines the experience of five African countries: South Africa, Nigeria, Ghana, Kenya and Ethiopia. African banks and financial institutions voluntarily join international initiatives and adapt to international standards. This shows that the industry is open to embracing the inevitable change that determines the future of finance in domestic and international markets. African countries are also taking essential steps with a growing interest in doing more. African countries can benefit from the new trends in the financial market. However, lack of resources, proper policy and legal frameworks, and lack of qualified experts are still challenging the transformation to sustainable finance in Africa. The African Union is thus expected to coordinate the efforts of individual countries to transform the continent's financial sector into a more sustainable path. So far, only a few AU initiatives concerning sustainable finance exist. |
| Author | Gebreysus Abegaz Yimer |
| Author_xml | – sequence: 1 surname: Gebreysus Abegaz Yimer fullname: Gebreysus Abegaz Yimer |
| BookMark | eNptkE9Lw0AQxRepYK09-QVyl8Td7G4y660Uq4VCDyp4Wyb7R1bSpGxixG9v2upFPL1hmPdj3rskk6ZtHCHXjGaCM3G7q2M2MAgsk2dkmnOqUkXz1wmZMqUgVQDsgsy7LlQ0L1TJOMCUyKePrsfQYFW7ZDVqY1wSmmThYzB4lyySZbvbY8Q-DC7ZDi4OwX1ekXOPdefmPzojL6v75-Vjutk-rJeLTWpyyWTqreQKlJSVrUplhFLWqdJ7w8FTWVArRMGdAAdYVkDHEQXPCyElWuM98BlZn7i2xXe9j2GH8Uu3GPRx0cY3jbEPpnZaciGkqCzQ3AoDCsH5ouRARc4MoBxZ7MQyse266Lw2oR9jtU0fMdSaUX2oUY816mON-uC5-eP5_eG_6296pnW1 |
| CitedBy_id | crossref_primary_10_1002_bsd2_70217 |
| ContentType | Journal Article |
| DBID | AAYXX CITATION DOA |
| DOI | 10.4314/mlr.v18i1.5 |
| DatabaseName | CrossRef DOAJ Directory of Open Access Journals |
| DatabaseTitle | CrossRef |
| DatabaseTitleList | CrossRef |
| Database_xml | – sequence: 1 dbid: DOA name: DOAJ Directory of Open Access Journals url: https://www.doaj.org/ sourceTypes: Open Website |
| DeliveryMethod | fulltext_linktorsrc |
| Discipline | Law |
| EISSN | 2309-902X |
| EndPage | 160 |
| ExternalDocumentID | oai_doaj_org_article_534454bd802d4c89a8ef67380421c8a5 10_4314_mlr_v18i1_5 |
| GroupedDBID | -OY .4L 1XV 4JU AAFWJ AAYXX ADBBV ADUOI AFPKN ALMA_UNASSIGNED_HOLDINGS ANHLU BCNDV CITATION GCT GROUPED_DOAJ HCSNT HOCAJ KQ8 KWQ OK1 QN5 RHO RNS |
| ID | FETCH-LOGICAL-c2515-fd5398955bdb79c499de97ffc38f0560d4463e48e8a7b803e4a4326455adcff83 |
| IEDL.DBID | DOA |
| ISSN | 1998-9881 |
| IngestDate | Mon Nov 24 19:21:00 EST 2025 Sat Nov 29 06:29:50 EST 2025 Tue Nov 18 20:41:58 EST 2025 |
| IsDoiOpenAccess | true |
| IsOpenAccess | true |
| IsPeerReviewed | false |
| IsScholarly | true |
| Issue | 1 |
| Language | English |
| LinkModel | DirectLink |
| MergedId | FETCHMERGED-LOGICAL-c2515-fd5398955bdb79c499de97ffc38f0560d4463e48e8a7b803e4a4326455adcff83 |
| OpenAccessLink | https://doaj.org/article/534454bd802d4c89a8ef67380421c8a5 |
| PageCount | 38 |
| ParticipantIDs | doaj_primary_oai_doaj_org_article_534454bd802d4c89a8ef67380421c8a5 crossref_citationtrail_10_4314_mlr_v18i1_5 crossref_primary_10_4314_mlr_v18i1_5 |
| PublicationCentury | 2000 |
| PublicationDate | 2024-03-30 |
| PublicationDateYYYYMMDD | 2024-03-30 |
| PublicationDate_xml | – month: 03 year: 2024 text: 2024-03-30 day: 30 |
| PublicationDecade | 2020 |
| PublicationTitle | Mizan law review |
| PublicationYear | 2024 |
| Publisher | St. Mary's University, Addis Ababa |
| Publisher_xml | – name: St. Mary's University, Addis Ababa |
| SSID | ssib026971388 ssj0000392928 |
| Score | 2.2918668 |
| Snippet | The international community has introduced many policies and strategies to transform the economy into a green and sustainable economy. As finance is the... |
| SourceID | doaj crossref |
| SourceType | Open Website Enrichment Source Index Database |
| StartPage | 123 |
| SubjectTerms | sustainable development, green finance, financial regulation, ESG, inclusive finance, Africa |
| Title | Sustainable Finance in Africa: A Comparative Overview |
| URI | https://doaj.org/article/534454bd802d4c89a8ef67380421c8a5 |
| Volume | 18 |
| hasFullText | 1 |
| inHoldings | 1 |
| isFullTextHit | |
| isPrint | |
| journalDatabaseRights | – providerCode: PRVAON databaseName: DOAJ Directory of Open Access Journals customDbUrl: eissn: 2309-902X dateEnd: 99991231 omitProxy: false ssIdentifier: ssj0000392928 issn: 1998-9881 databaseCode: DOA dateStart: 20070101 isFulltext: true titleUrlDefault: https://www.doaj.org/ providerName: Directory of Open Access Journals |
| link | http://cvtisr.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwrV1NSwMxEA1aPHgRP7F-kUNPwra7m8SdeKvF4kGqoEJvSzYfUGir1Nr-fSfJWisIXrwtSwjZmSHzHuy8R0iLa6Nzp0RSYe9LuIY0qZRhieVcZs44plk0mygGAxgO5eOa1Zf_JyzKA8fAdQTjXPDKQJob3EoqsM47VWKxZRpUUC9F1LNGprCS8iuJ5KsW4gp3socBwWg1zJRJgCwO62H_5J3JeNZeZDDK2uJHe1pT8Q_tpr9LdmqcSLvxfHtkQ032yea9Wh4Q8fQ99ESjv66loymNlj_XtEt735Le9GHhbwO7PCQv_dvn3l1Sux8kGjGHSJwRTIIUojJVITUyE2Nl4Zxm4BC1pAaJHLMcLKiighQfFUcsxoVQRjsH7Ig0pq9Te0wo-HnaPHOgXMoLlVdCIq1yOrXM5EzaJrn8-uhS19Lg3qFiXCJF8BEqMUJliFApmqS1WvwWFTF-X3bjo7da4mWswwtMblknt_wruSf_sckp2c4RiYRBwvSMNOazD3tOtvRiPnqfXYS6-QR5IMKy |
| linkProvider | Directory of Open Access Journals |
| openUrl | ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fsummon.serialssolutions.com&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=Sustainable+Finance+in+Africa%3A+A+Comparative+Overview&rft.jtitle=Mizan+law+review&rft.au=Gebreysus+Abegaz+Yimer&rft.date=2024-03-30&rft.pub=St.+Mary%27s+University%2C+Addis+Ababa&rft.issn=1998-9881&rft.eissn=2309-902X&rft.volume=18&rft.issue=1&rft_id=info:doi/10.4314%2Fmlr.v18i1.5&rft.externalDBID=DOA&rft.externalDocID=oai_doaj_org_article_534454bd802d4c89a8ef67380421c8a5 |
| thumbnail_l | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/lc.gif&issn=1998-9881&client=summon |
| thumbnail_m | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/mc.gif&issn=1998-9881&client=summon |
| thumbnail_s | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/sc.gif&issn=1998-9881&client=summon |