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Re-Engineering Financial Resources through Development Finance in Africa: A Review of the Literature

Author

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  • Abiodun F. Okunlola

    (Department of Business Management, College of Economic and Management Sciences—CEMS, University of South Africa, Tshwane 002, South Africa)

  • Adewale R. Aregbeshola

    (Department of Business Management, College of Economic and Management Sciences—CEMS, University of South Africa, Tshwane 002, South Africa)

Abstract

Most studies erroneously conclude that financial engineering occurs only within the purview of private institutions. This study defies this claim and affirms an equal public prerogative. It proceeds to innovate a financial re-engineering (F-Re) axiom expressed by the foundational, fundamental, and finance pillars (FFFps). This is encapsulated in a quadrant (Q), with which it is believed Africa’s accelerated development can be harnessed. Exploratorily, in addition to the visual and matching path analyses, this study provides a clear path in Q1–4, showing how Africa should re-engineer citizens’ priorities using deliberate development finance principal strategies going forward.

Suggested Citation

  • Abiodun F. Okunlola & Adewale R. Aregbeshola, 2023. "Re-Engineering Financial Resources through Development Finance in Africa: A Review of the Literature," Sustainability, MDPI, vol. 16(1), pages 1-19, December.
    • Handle: RePEc:gam:jsusta:v:16:y:2023:i:1:p:214-:d:1307723
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    References listed on IDEAS

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