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December 4, 2025Sustainable Development4 citations

Financial Inclusion as a Sustainable Development Imperative in Africa: Trends, Gaps, and Future Directions

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DNDhouha NeflaRHRohail HassanSJSana Jellouli

Key Points

  • Digital innovations enhance access to finance, fostering sustainable development across Africa and the research landscape.
  • Key themes include socio-economic effects, digital finance adoption, and financial resilience amid climate change.
  • Bibliometric analysis draws on 554 publications to map the evolution of financial inclusion from 2011 to 2025.
  • Findings emphasize strategic priorities like improving financial literacy and supporting context-specific digital innovation.

Abstract

ABSTRACT Financial inclusion is vital for sustainable development across Africa, where digital innovations are transforming access to finance and sparking growing research attention. This paper conducts a bibliometric and content analysis of African financial inclusion research, drawing on 554 articles from the Web of Science Core Collection, renowned for its reliable and comprehensive coverage, to map the field's evolution from its first publication (2011–2025). Using performance indicators, co‐citation networks, and thematic mapping, our analysis reveals a rapidly expanding research field. South Africa and Ghana are the leading contributors, with research concentrated around four key themes: the socio‐economic effects of financial inclusion, digital finance adoption, linkages to sustainable development, and financial resilience in the face of climate change. By integrating these research streams into a conceptual framework, the study provides a foundation for four strategic policy priorities: expanding inclusion in the poorest countries, improving cross‐border financial regulation, supporting context‐specific digital innovation, and strengthening financial literacy. These findings deliver robust empirical and practical guidance to guide policymakers and financial institutions in building inclusive, evidence‐based financial systems aligned with Africa's SDGs.

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Cite This Study

Nefla et al. (2025) studied this question.

synapsesocial.com/papers/6930dc81ea1aef094cca23fchttps://doi.org/10.1002/sd.70491
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