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

Abiodun Okunlola and Adewale R. Aregbeshola
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Adewale R. Aregbeshola: Department of Business Management, College of Economic and Management Sciences—CEMS, University of South Africa, Tshwane 002, South Africa

Sustainability, 2023, vol. 16, issue 1, 1-19

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.

Keywords: re-engineering; development; finance; foundational; fundamental (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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