We want to congratulate our graduate on his most recent achievement. Eric Filor Nagbe has published his Doctorate’s dissertation into a book with Amazon titled- “TAX INCENTIVES AND FINANCIAL INCLUSION IN SUB-SAHARAN AFRICA“. You can find a summary of the book below:
Summary:
In Sub-Saharan Africa- financial inclusion has rapidly increased recently. This is primarily due to the development of innovative business models like agent banking and digital financial services. However- around three-fourths of the adult Sub-Saharan African population does not have a bank account at a formal financial institution (World Bank- 2014).
Only a little over 30% of adults were recorded to have a bank account in 2014- which went up by 6% from 2011 (IFC- 2020). Low levels of financial inclusion in Sub-Saharan Africa have become a significant hurdle to the region’s economic growth. Research using household data shows that access to basic financial services like credit- payments- and savings can create a significant positive difference in the improvement of the poorer population’s lives (Dupas & Jonathan- 2013; Sarma & Pais- 2011). An inclusive financial system will allow for broader access to financial services with non-price barriers.
Without financial inclusion systems- the underprivileged population is reliant upon their minimal savings for investing in their education- starting an entrepreneurial business- and such. To a certain extent- financial exclusion contributes towards a persistent inequality in income (Ravallion- 2014). Financial inclusion has a multiplier effect on the overall economy- which is accomplished through higher savings pooled through the massive population segment at the lower end of the pyramid (Koku- 2015). Enhanced engagement of this population with no proper bank accounts in the economy via the formal financial system can result in improved financial conditions and- subsequently- improved living standards. The focus of this book is on the economic context of sub-Saharan Africa- particularly tax incentives.
You can find the book in the following link:
Physical Book Version (Paperback)
https://www.amazon.com/dp/B098RNSG67/ref=cm_sw_r_cp_api_glt_fabc_3BNSD2QY6S690APP45XV
Eric Filor Nagbe has completed a Doctorate program in Accounting at Atlantic International University. We wish you the best in all your future projects and congratulate you on all your achievements!
