Financial Technology and African Capital Markets Post Covid-19

Article


Salami, I. 2021. Financial Technology and African Capital Markets Post Covid-19. Journal of International Banking Law and Regulation. 36 (1), pp. 31-41.
AuthorsSalami, I.
Abstract

This article considers the impact of the Covid-19 pandemic on African capital markets. It highlights the challenges and examines the opportunities presented by the crisis. Looking particularly at automation and distributed ledger technology (DLT) such as blockchain, it considers the adoption of industry 4.0 technologies to African capital markets, which is capable of addressing some of the critical challenges of capital markets in Africa. It then considers the challenges and opportunities of adopting these technologies and the role that Regulatory Technology (RegTech) - a subset of Financial Technology (FinTech) - can play in the application of these technologies in Africa. In light of the recent commencement of the African Continental Free Trade Agreement, it discusses the significant role of regional cooperation in building thriving capital markets in Africa. It concludes by making some recommendations for building future capital markets in Africa which would be pivotal in driving economic growth across the region post the Covid-19 crisis.

KeywordsACFTA; Blockchain; Capital Markets; Covid-19; Distributed Ledger Technology; FinTech
JournalJournal of International Banking Law and Regulation
Journal citation36 (1), pp. 31-41
ISSN1742-6812
Year2021
PublisherSweet and Maxwell
Accepted author manuscript
License
File Access Level
Repository staff only
Web address (URL)https://www.sweetandmaxwell.co.uk/Catalogue/ProductDetails.aspx?recordid=436&productid=6997
Publication dates
Online01 Dec 2020
Publication process dates
Accepted20 Oct 2020
Deposited14 Dec 2020
Copyright holder© 2020 Thomson Reuters and Contributors
Additional information

This is a pre-copyedited, author-produced version of an article accepted for publication in Journal of International Banking Law and Regulation following peer review. The definitive published version: Salami, I. (2021) 'Financial Technology and African Capital Markets Post Covid-19', Journal of International Banking Law and Regulation, 36 (1), pp. 31-41, is available online on Westlaw UK.

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