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Following the growing body of the literature assessing the governance and environmental sustainability nexus, the present study complements the extant literature by assessing how environmental sustainability can be promoted by means of policies that entail the simultaneous implementation of six governance dynamics, notably, political governance (political stability/ no violence and 'voice & accountability'), economic governance (government effectiveness and regulatory quality) and institutional governance (corruption-control and the rule of law). The study focuses on 44 African countries for the period 2000 to 2020 and the empirical evidence is based on the generalized method of moments (GMM). Our findings indicate that the individual indicators of governance exert a positive influence on carbon dioxide (CO2) emissions. However, the combined or composite governance indicator yields a negative effect on CO2 emissions. Furthermore, economic growth, urbanization, trade and foreign investment stir CO2 emissions meanwhile, information and communication technology such as mobile phone subscriptions and internet penetration have the opposite effect. Policy implications are discussed. [ABSTRACT FROM AUTHOR]

Recent and ongoing advancements in the field of ICT have led to the introduction of increasingly diversified financial products, and their use is improving people's level of financial knowledge and skills. This article aims at assessing the effect of Fintech on the level of financial literacy of small business' managers in Cameroon. To this end, information was gathered using a questionnaire from 209 small business managers in Cameroon. Descriptive statistics, principal component analysis (PCA), and multiple linear regression are used. Results lead to two main conclusions. On the one hand, unlike knowledge of their existence, the frequency of use of Fintech tools is better able to contribute to improving financial literacy levels overall. On the other hand, specifically, this result is of increased importance when it comes to competence and self-confidence in managing financial affairs. As a result, increasing the utilization of financial technology instruments in companies is imperative for efficiency. [ABSTRACT FROM AUTHOR]

This study evaluates the economic impact of severe natural disasters in Africa using the generalised synthetic control method. In other words, it assesses how gross domestic product (GDP) would have been affected, had severe natural disasters not occurred. Moreover, it explores the determinants of the destructiveness of the impact of natural disasters, focusing on the role played by capital. We find that severe natural disasters induce a significant and continuous reduction of GDP many years after the event. Indeed, economic losses caused by disasters depend on the level of capital (human capital, employment and capital stock) and aspects of governance quality (political stability and absence of violence). In other words, negative synergies are apparent because while capital stock, employment and human capital unconditionally reduce the macroeconomic impact of natural disasters, the corresponding conditional or interactive effects with political stability are also negative. Policy implications are discussed. [ABSTRACT FROM AUTHOR]