We start by providing an overview of financial systems in the African continent. We then consider the regions of Arab North Africa, West Africa, East and Central Africa, and Southern Africa in more detail. The paper covers, among other things, central banks, deposit-taking banks, non-bank institutions, such as the stock markets, fixed income markets, insurance markets, and microfinance institutions.

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Review of Development Finance
Sprott School of Business

Allen, F. (Franklin), Otchere, I, & Senbet, L.W. (Lemma W.). (2011). African financial systems: A review. Review of Development Finance (Vol. 1, pp. 79–113). doi:10.1016/j.rdf.2011.03.003