Allen, FranklinOtchere, IsaacSenbet, Lemma W2023-05-222011-04-222011-04-012017-07-13https://repository.upenn.edu/handle/20.500.14332/34330We start by providing an overview of financial systems in the African continent. We then consider the regions of Arab North Africa, West Africa, East and Central Africa, and Southern Africa in more detail. The paper covers, among other things, central banks, deposit-taking banks, non-bank institutions, such as the stock markets, fixed income markets, insurance markets, and microfinance institutions.10.1016/j.rdf.2011.03.003 Open Access funded by Africagrowth Institute Under a Creative Commons license https://creativecommons.org/licenses/by-nc-nd/4.0/Banksfinancial marketsinsuranceAfrican StudiesEntrepreneurial and Small Business OperationsFinance and Financial ManagementAfrican Financial Systems: A ReviewArticle