Africa Finance Academy

02/10/2025

01/10/2025

Financial management at every level.

Financial management problems are widespread and affect all levels that is individuals, organizations, and governments across the globe. How come the average person does not appreciate financial roles? How come do our schools not value financial literacy enough to add in our curriculum? How come do our communities not prioritize financially knowledgeable persons to manage our resources?

Financial management starts from the individual level where individuals need financial education to make informed decisions regarding savings, investments and debt management. At the organizational and national levels, proper and informed decisions are based on financial statistics in every department, be it finance related departments or not. Therefore, even non-finance managers need financial management capabilities to be more effective and efficient at their jobs.
Further, we will talk more about financial management tools and guidance that can help Africans achieve the following:
- Identify and properly value their resources
- Create and manage businesses successfully and sustainably
- Be more sustainably autonomous
- Make analysis that will permit them to effectively and efficiently utilize these resources
- Meet their short- and long-term needs
- Build a strong foundation for Africa’s future
etc
hence reduction of poverty in Africa

In what aspect of your life do you think financial management capabilities can help you improve?

We are waiting for your response in the comment section.
Stay tuned for part 4 of this financial management series.

29/09/2025

Do you think financial management can help improve poor resource management in Africa? Let us know your thoughts in the comments. Thank you for liking, commenting and sharing.

26/09/2025

DO YOU THINK FINANCIAL MANAGEMENT CAN HELP IMPROVE POOR RESOURCE MANAGEMENT IN AFRICA?

We live in a world that is likened to a game of finance. Being rich or being poor all over the world is measured and expressed in financial terms. You cannot be in a competition and win without knowing the rules. Therefore, the crucial resource management tool needed in Africa is Financial Management capabilities.
Financial Management is simply a process by which the resources of a nation, organization or individual are managed effectively and efficiently with the intention of arriving at an objective.
Take a look at the image below and see what financial management offers.

Looking at this, do you think that financial management capabilities can help poor resource management in Africa? We are waiting for your response in the comment session.
Watch out for part 3 of this financial management series.

23/09/2025

What do you think about the paradox of plenty in Africa? Let us know your thoughts down below🙏🏾Africa Finance Academy

22/09/2025

PARADOX OF PLENTY / RESOURCE CURSE

We live in a society where teachers can earn about 250.000FCFA a month and still have a time table that permits them to do extra teaching in other schools, hence additional income. Why do we still find teachers struggling with huge loan repayments to credit unions, njangi houses, etc? There are several reasons why with all these resources they still face such difficulties.
- Poor spending habits
- Living above their means
- Poor financial planning and budgeting
- Etc
No matter the reason, this is a clear indication that "their resources are not properly managed".

PARADOX OF PLENTY or RESOURCE CURSE

This is what is happening to Africa. Africa is rich in various resources: copper, cobalt, cotton, gold, oil and gas, iron, fish, wood, human resources, and fertile land for agriculture. And at the same time Africa is poor per the world bank statistics; in fact DRC (Democratic Republic of Congo) is among the five poorest nations in the world. An estimated 73.5% of Congolese people lived on less than $2.15 a day in 2024
Let’s think about this for a minute. What are the reasons why Africa is rich in resources and is still poor?
Could it be poor resource management?
We are waiting for your answers in the comment section.

Stay tuned for part 2 of this ‘Financial management’ series