January 2016

Financial literacy for developing countries in Africa: A review of concept, significance and research opportunities

The objective of this review article is to show the concepts and significance of financial literacy and how it can contribute to improving socio economic wellbeing, financial sector development, poverty reduction and sustainable growth in developing countries in Africa. The review covered recent literatures on financial literacy; both theoretical and empirical. The review showed that level of financial literacy is low...

Author(s): Matewos Kebede Refera, Navkiranjit Kaur Dhaliwal and Jasmindeep Kaur