This Focus Note explores innovative financing strategies for reaching inclusive credit fintechs in Africa, particularly those targeting underserved micro and small enterprises (MSEs). These fintechs have the potential to address the estimated US$ 4.9 trillion global credit gap for MSEs. However,...

This paper, based on the Mattei Lecture that the author delivered at the 2025 Africa Growth and Opportunity–Research in Action Conference, argues that Africa can anchor a new model of growth—and bolster global resilience—by shifting from commodity dependence to value-added production and...

By constructing a unique international database on generalized trust covering 142 countries worldwide for 41 years from 1980 to 2020, this paper finds a pronounced intertemporal variation of generalized trust over time in a majority of countries across the globe. When analyzing the time series...

Digital transformation is rapidly reshaping economies and labor markets worldwide, creating new opportunities while demanding a workforce equipped with relevant digital competencies. For Zambia, a country with one of the youngest populations in the world—this transformation presents both...

North Africa stands at a pivotal crossroads—geographically and economically—between Europe’s industrial demand and Africa’s demographic dynamism. In today’s rapidly shifting global landscape, North Africa has a timely opportunity to position itself as a strategic connector of...

Africa remains the poorest and one of the most unequal regions globally, with limited upward mobility and strong intergenerational persistence of disadvantage. Child health is a key channel of transmission, shaping later outcomes in education, labour force participation, and earnings. This paper...

In this paper, we examine the transplantation of British company law into the Cape Colony in the late nineteenth century. The Cape Colony Companies Act of 1892 was like its British counterpart in that it provided minimal investor protection. This meant that promoters were free to choose the...

The Global Gateway is considered a key instrument of EU development cooperation. Introduced in 2021, it was announced as a 'win-win' strategy for both, the EU's competitiveness agenda and developing countries' strive for sustainable development. The Global Gateway epitomises the current shifts...

This study revisits the long-standing debate on the guns-versus-butter phenomenon, that spending on military activity crowds out non-military expenditure. By focusing on Africa, we conjecture the crowding-out effect of military expenditure on health expenditure beyond government health...

This paper investigates the causal impact of free primary education (FPE) on fertility decisions among parents in sub-Saharan Africa, focusing on the interplay between the policy, intra-household bargaining, and cultural norms. Using Demographic and Health Survey data and exploiting the...

African governments are entering the geopolitical competition over critical raw materials with a growing sense of strategic confidence. While the AU-EU Summit in Luanda in November 2025 reaffirmed political commitments on both sides, European initiatives continue to lose ground. It is true that...

This paper examines whether the success of prior aid projects affects the performance of subsequent ones based on a study of World Bank projects in Africa. While existing research has shown that aid effectiveness depends on macroeconomic conditions, institutional quality, and managerial...

In the 1960s and 1970s elite studies formed an integral part of the research agenda on newly independent African states. Commentators sought to predict the likely political and economic paths of independent African states based on the social backgrounds and political orientations of existing...

Differentiated (dis)integration processes of regional and international organizations seem to have grown over the past years. As a continent in which regional integration efforts and institutions mushroomed in the last decades and created a "spaghetti bowl" of regionalism, Africa is highly...

Europa: • Deutschland muss sich wieder als wichtiger Teil und als eine der Führungsnationen der EU verstehen. Die neue Bundesregierung sollte in außenwirtschaftlichen Fragen konsequent europäisch denken und handeln. • Nur ein starker EU-Binnenmarkt schafft Augenhöhe mit den USA und...

Europe: • Germany must once again see itself as an important part of and a leading nation within the EU. The new German government should consistently think and act in a European way on foreign trade issues. • Only a strong EU single market can compete on equal terms with the USA and China....

This study emphasizes three solid questions: (i) the extent to which African banking systems are globalized; (ii) the role of regulation and technology in this process; and (iii) whether economic globalization reinforces banking stability. We conceptualize financial globalization through two...