Re-Engineering Financial Resources through Development Finance in Africa: A Review of the Literature

Author:

Okunlola Abiodun F.1ORCID,Aregbeshola Adewale R.1ORCID

Affiliation:

1. Department of Business Management, College of Economic and Management Sciences—CEMS, University of South Africa, Tshwane 002, South Africa

Abstract

Most studies erroneously conclude that financial engineering occurs only within the purview of private institutions. This study defies this claim and affirms an equal public prerogative. It proceeds to innovate a financial re-engineering (F-Re) axiom expressed by the foundational, fundamental, and finance pillars (FFFps). This is encapsulated in a quadrant (Q), with which it is believed Africa’s accelerated development can be harnessed. Exploratorily, in addition to the visual and matching path analyses, this study provides a clear path in Q1–4, showing how Africa should re-engineer citizens’ priorities using deliberate development finance principal strategies going forward.

Publisher

MDPI AG

Subject

Management, Monitoring, Policy and Law,Renewable Energy, Sustainability and the Environment,Geography, Planning and Development,Building and Construction

Reference75 articles.

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2. African Development Bank [AfDB] (2023, October 17). Africa Agriculture Status Report 2016: Progress towards Agricultural Transformation in Africa. Available online: www.afdb.org/04/06/2020.

3. The impact of financial development on economic growth in sub-Saharan Africa. Does institutional quality matter?;Asante;Dev. Stud. Res.,2023

4. Khemiri, W., Chafai, A., and Alsulami, F. (2023). Financial inclusion and sustainable growth in North African firms: A dynamic-panel-threshold approach. Risk, 11.

5. Inequality, population growth, and hunger in Sub-Saharan Africa;Akinbode;SN Soc. Sci.,2022

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