2023
DOI: 10.3390/su15054587
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Financing Sustainable Agriculture in Sub-Saharan Africa: A Review of the Role of Financial Technologies

Abstract: African agriculture needs to adapt to climate change and shift from unsustainable production practices to sustainable ones. This requires innovative, substantial, and long-term agricultural investments that can allow all agricultural actors to adopt sustainable agricultural practices. Better and more inclusive options to leapfrog Africa’s sustainable agricultural development lie in financial technologies (FinTech). FinTech uses digital technology innovations to ease the provision of financial services to users… Show more

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Cited by 35 publications
(19 citation statements)
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“…Investments in agricultural research, extension services, and access to quality inputs contribute to increased agricultural productivity. This leads to greater food production, availability, and access, reducing hunger (Mapanje et al., 2023).…”
Section: Promoting and Protecting The Right To Foodmentioning
confidence: 99%
“…Investments in agricultural research, extension services, and access to quality inputs contribute to increased agricultural productivity. This leads to greater food production, availability, and access, reducing hunger (Mapanje et al., 2023).…”
Section: Promoting and Protecting The Right To Foodmentioning
confidence: 99%
“…Blended finance (Apampa et al 2021;Bakare, Ogunleye, and Kehinde 2023), the third form of private financing aims to facilitate the transition to a sustainable food system. This approach involves commercial banks and other institutions that offer financial services but do not have a banking license, requiring a multistakeholder partnership between financial security and the food agriculture industry (Mapanje et al 2023). Moreover, The UN Food System Summit's Action Track 3 emphasizes the need for financing models and instruments that grant food value chain actors, including farmers, access to capital and incentivize investment in more sustainable production practices (Diaz-Bonilla et al 2022;Huang and Azman 2023).…”
Section: Role Of Innovative Financing-sustainable Food Security Systemmentioning
confidence: 99%
“…The initial research on fintech and green finance provided perspective and explored possibilities, such as using blockchain [33]. Slowly, research has opened to case studies and empirical research, and now, literature reviews are also being published [34][35][36]. The primary themes in the literature include green objectives such as climate change, green financing and payments, and policy/regulation.…”
Section: Literature Review Of Green Fintechmentioning
confidence: 99%
“…If fintechs are growing fast and their impact on sustainability is important, how do they help achieve sustainable development goals? While most fintechs stress societal goals such as reaching out to the financially excluded, some are helping finance activities such as agriculture [34]. Since fintechs have more online data, it becomes easier to analyze it and take action.…”
Section: Literature Review Of Green Fintechmentioning
confidence: 99%
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