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Understanding Financial Stability
Type: Book
ISBN: 978-1-78756-834-1

Book part
Publication date: 10 August 2018

Patrick Ojera

The purpose of this chapter is to identify African financial management practices, highlight their origin and explain how they differ from their Western counterparts. The study…

Abstract

The purpose of this chapter is to identify African financial management practices, highlight their origin and explain how they differ from their Western counterparts. The study identified indigenous African financial practices using literature review, archival sources and library research covering the five areas of Africa comprising Northern Africa, Eastern Africa, Central Africa Western Africa and Southern Africa. The study found out that pre-colonial indigenous African financial management features prevalent use of trade finance, trade credit management, investment management and accounting. While there is also evidence of modification of Western financial management practices to suit African contexts, it is on the whole scarce. This is suggestive of the fact that they were in existence in the first instance. The clear conclusion is that many indigenous African financial management practices pre-dated and foreshadowed their Western counterparts. Yet, it is confounding that this has been largely lost sight of, and both scholars and financial management practitioners depict the former as inferior. There is clearly a need to remedy this situation. Educators need to focus on incorporating ethno-finance concepts into the entire curricula chain from basic to higher education. The anchor point for such curricula is Ubuntu philosophy. Financial management practitioners, on their part, need to shed notions that the indigenous practices are inferior and seek to journalise their day-to-day work experiences to build a body of documented practice.

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Indigenous Management Practices in Africa
Type: Book
ISBN: 978-1-78754-849-7

Keywords

Book part
Publication date: 16 August 2023

Ogechi Adeola

Africa's history of trade, production and financial services that propelled the continent's economic systems existed long before an era of colonisation commonly recognised as…

Abstract

Africa's history of trade, production and financial services that propelled the continent's economic systems existed long before an era of colonisation commonly recognised as beginning in the nineteenth century. By the time the decolonisation of a majority of African countries was achieved in the mid-twentieth century, the African economic identity had been, to a great extent, relegated by Westernised methods and orientations. Today, Indigenous practices are once again resurfacing in Africa's ongoing search for sustainable development, with increasing calls to resuscitate and incorporate these age-long business orientations. This introductory chapter provides readers with a synopsis of all the themes of this second of a two-volume edited book with a focus on the philosophies and practices of Indigenous businesses, which, if successfully explored and scaled up, would make significant contributions to Africa's economic infrastructure.

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Casebook of Indigenous Business Practices in Africa
Type: Book
ISBN: 978-1-80455-763-1

Keywords

Book part
Publication date: 23 September 2019

Lyndon Rego, Katleho Mohono and Gavin Michael Peter

The general global leadership literature has had little to say about African models of leadership. Despite this, the continent of Africa has deep and rich traditions of relational…

Abstract

The general global leadership literature has had little to say about African models of leadership. Despite this, the continent of Africa has deep and rich traditions of relational leadership that have been practiced over centuries to honor individuality, broker difference, and foster unity. This chapter shares a number of these practices and illustrates how they have been used to nurture community at the African Leadership Academy and the African Leadership University. We conclude with our perspective on the relevance of these practices to building community in the wider world.

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Peace, Reconciliation and Social Justice Leadership in the 21st Century
Type: Book
ISBN: 978-1-83867-193-8

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Content available
Book part
Publication date: 4 December 2018

Indranarain Ramlall

Abstract

Details

Understanding Financial Stability
Type: Book
ISBN: 978-1-78756-834-1

Content available
Book part
Publication date: 10 August 2018

Abstract

Details

Indigenous Management Practices in Africa
Type: Book
ISBN: 978-1-78754-849-7

Book part
Publication date: 10 May 2023

Jagjit Singh Dhatterwal and Kuldeep Singh Kaswan

Purpose: Cryptocurrency technology has improved fast in the social economy and growth. Because cryptocurrency has many good qualities, it is initially employed for Bitcoin…

Abstract

Purpose: Cryptocurrency technology has improved fast in the social economy and growth. Because cryptocurrency has many good qualities, it is initially employed for Bitcoin transactions.

Methodology: With the advent of Bitcoin, the link between distributed ledger technology (DLT) and the banking market has become stronger and more integrated. As more banking institutions understood the relevance of DLT, they began experimenting with using it in financial activities, such as R3CEV, Hyperledger, and Qiwi.

Findings: Many commercial organisations are beginning to experiment with DLT to reduce transactional costs and boost operational effectiveness, particularly in financial notes, cross-border payments, and asset-backed financing.

Practical Implications: DLT has many potential applications in banking domains in the upcoming years.

Details

Contemporary Studies of Risks in Emerging Technology, Part A
Type: Book
ISBN: 978-1-80455-563-7

Keywords

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