Sustainable Finance and Business in Sub-Saharan Africa: An Introduction

David Mhlanga and Mufaro Dzingirai
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David Mhlanga: The University of Johannesburg
Mufaro Dzingirai: Midlands State University

Chapter Chapter 1 in Sustainable Finance and Business in Sub-Saharan Africa, 2024, pp 1-13 from Springer

Abstract: Abstract In the twenty-first century, sustainable development has become a critical global priority, driven by the need to address environmental degradation, social inequalities, and economic challenges. Sub-Saharan Africa, with its abundant natural resources and burgeoning economies, plays a pivotal role in this global narrative. This chapter introduces the concepts of sustainable finance and business practices as essential tools for promoting sustainable development in the region. It explores how innovative financial mechanisms, technological advancements, circular economy initiatives, and supportive policy frameworks are driving change and fostering economic growth that is inclusive and environmentally responsible. By integrating environmental, social, and governance (ESG) criteria into financial and business practices, Sub-Saharan Africa is positioning itself to overcome its unique challenges and capitalize on new opportunities for sustainable development. This chapter also highlights the importance of collaboration among governments, businesses, and international organizations in creating an enabling environment for sustainability. Through case studies and examples, this chapter provides a comprehensive overview of the transformative potential of sustainable finance and business in Sub-Saharan Africa.

Keywords: Finance; Africa; Sub-Saharan Africa; Sustainable development; Sustainable finance (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-74050-3_1

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DOI: 10.1007/978-3-031-74050-3_1

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