Citation analysis for The African Finance Journal / Africagrowth Institute

Citation Profile [Updated: 2026-05-04 07:00:09]

5 Years H Index

Impact Factor (IF)

5 Years IF

0.23

Data available in this report

[Raw data] [50 most cited papers] [50 most relevant papers] [cites used to compute IF] [Recent citations ][Frequent citing series ] [more data in EconPapers] [trace new citations] [Missing citations? Add them now] [Incorrect content? Let us know]

Main indicators

Raw Data

	IF	AIF	CIF	IF5	DOC	CDO	CIT	NCI	CCU	D2Y	C2Y	D5Y	C5Y	SC	%SC	CiY	II	AII
2003	0	0.43	0	0	4	4	37		0	0		0			0		0	0.21
2004	0	0.48	0.09	0	7	11	8		1	4		4			0		0	0.22
2005	0.18	0.51	0.21	0.18	8	19	50	3	5	11	2	11	2		0	1	0.13	0.23
2006	0.07	0.49	0.07	0.11	9	28	11	2	7	15	1	19	2		0		0	0.22
2007	0.12	0.44	0.14	0.11	7	35	17	5	12	17	2	28	3		0	2	0.29	0.2
2008	0.13	0.47	0.28	0.29	8	43	38	11	24	16	2	35	10		0		0	0.22
2009	0.07	0.46	0.19	0.18	9	52	84	10	34	15	1	39	7		0		0	0.23
2010	0	0.46	0.03	0.02	14	66	54	2	36	17		41	1		0		0	0.2
2011	0.3	0.5	0.18	0.26	14	80	28	14	50	23	7	47	12		0	1	0.07	0.23
2012	0.14	0.5	0.13	0.12	10	90	9	7	62	28	4	52	6		0		0	0.21
2013	0.17	0.54	0.51	0.49	9	99	148	50	112	24	4	55	27		0	17	1.89	0.23
2014	1.26	0.53	0.47	0.64	8	107	41	49	162	19	24	56	36		0	1	0.13	0.22
2015	2	0.52	0.47	0.67	8	115	14	54	216	17	34	55	37		0	1	0.13	0.22
2016	0.06	0.5	0.3	0.24	9	124	76	37	253	16	1	49	12		0	3	0.33	0.2
2017	1.65	0.51	0.73	0.95	7	131	33	95	348	17	28	44	42		0		0	0.2
2018	1.44	0.52	0.66	1.41	8	139	285	92	440	16	23	41	58		0		0	0.22
2019	4.93	0.53	0.8	2.13	8	147	10	117	557	15	74	40	85		0		0	0.21
2020	4.38	0.63	0.74	2.2	6	153	5	113	670	16	70	40	88		0		0	0.3
2021	0.43	0.73	0.39	1.03	8	161	2	62	732	14	6	38	39		0		0	0.27
2022	0	0.72	0.4	1.22	9	170	4	68	800	14		37	45		0		0	0.22
2023	0	0.67	0.55	1.51	9	179	2	98	898	17		39	59		0		0	0.19
2024	0.17	0.73	0.2	0.13	8	187	0	37	935	18	3	40	5	1	2.7		0	0.22
2025	0	0.96	0.13	0.23	8	195	0	26	961	17		40	9		0		0	0.28

IF:	Two years Impact Factor: C2Y / D2Y
AIF:	Average Impact Factor for all series in RePEc in year y
CIF:	Cumulative impact factor
IF5:	Five years Impact Factor: C5Y / D5Y
DOC:	Number of documents published in year y
CDO:	Cumulative number of documents published until year y
CIT:	Number of citations to papers published in year y
NCI:	Number of citations in year y
CCU:	Cumulative number of citations to papers published until year y
D2Y:	Number of articles published in y-1 plus y-2
C2Y:	Cites in y to articles published in y-1 plus y-2
D5Y:	Number of articles published in y-1 until y-5
C5Y:	Cites in y to articles published in y-1 until y-5
SC:	selft citations in y to articles published in y-1 plus y-2
%SC:	Percentage of selft citations in y to articles published in y-1 plus y-2
CiY:	Cites in year y to documents published in year y
II:	Immediacy Index: CiY / Documents.
AII:	Average Immediacy Index for series in RePEc in year y

50 most cited documents in this series

#	Year	Title	Cited
1	2018	ICT, Financial Access and Gender Inclusion in the Formal Economic Sector: Evidence from Africa. (2018). Odhiambo, Nicholas ; Asongu, Simplice. In: The African Finance Journal. RePEc:afj:journl:v:20:y:2018:i:2:p:45-65. Full description at Econpapers \|\| Download paper	281
2	2013	Investment And Inequality In Africa: Which Financial Channels Are Good For The Poor?. (2013). Asongu, Simplice. In: The African Finance Journal. RePEc:afj:journl:v:15:y:2013:i:2:p:43-65. Full description at Econpapers \|\| Download paper	141
3	2016	Mobile Phone Penetration, Mobile Banking and Inclusive Development in Africa. (2016). Nwachukwu, Jacinta ; Asongu, Simplice. In: The African Finance Journal. RePEc:afj:journl:v:18:y:2016:i:1:p:34-52. Full description at Econpapers \|\| Download paper	59
4	2009	Banking Efficiency and Financial Development in Sub-Saharan Africa (SSA). (2009). Kablan, Akassi. In: The African Finance Journal. RePEc:afj:journl:v:11:y:2009:i:2:p:28-50. Full description at Econpapers \|\| Download paper	49
5	2003	Foreign Direct Investment and Uncertainty: Empirical Evidence from Africa. (2003). Lemi, Adugna ; Asefa, Sisay. In: The African Finance Journal. RePEc:afj:journl:v:5:y:2003:i:1:p:36-67. Full description at Econpapers \|\| Download paper	31
6	2017	Financial Inclusion and Poverty Reduction in Sub-Saharan Africa. (2017). Mensah, Lord ; Mohammed, Jabir Ibrahim ; Gyeke-Dako, Agyapomaa. In: The African Finance Journal. RePEc:afj:journl:v:19:y:2017:i:1:p:1-22. Full description at Econpapers \|\| Download paper	29
7	2014	How Would Monetary Policy Matter In The Proposed African Monetary Unions? Evidence From Output And Prices. (2014). Asongu, Simplice. In: The African Finance Journal. RePEc:afj:journl:v:16:y:2014:i:2:p:34-63. Full description at Econpapers \|\| Download paper	28
8	2008	Financial Development and Economic Growth in Ghana: Is There a Causal Link?. (2008). Quartey, Peter ; Prah, Frank . In: The African Finance Journal. RePEc:afj:journl:v:10:y:2008:i:1:p:28-54. Full description at Econpapers \|\| Download paper	20
9	2010	Does Foreign Direct Investment Crowd-Out Domestic Private Investment in Sub-Saharan Africa?. (2010). Asmah, Emmanuel ; Mutenyo, John ; Kalio, Aquilars . In: The African Finance Journal. RePEc:afj:journl:v:12:y:2010:i:1:p:27-52. Full description at Econpapers \|\| Download paper	19
10	2005	Labour Productivity, Technological Gap and Spillovers Evidence from Moroccan Manufacturing Industries. (2005). bouoiyour, jamal ; Akhawayn, Al. In: The African Finance Journal. RePEc:afj:journl:v:7:y:2005:i:2:p:1-17. Full description at Econpapers \|\| Download paper	19
11	2005	Financial Development and Economic Growth in Tanzania: A Dynamic Casualty Test. (2005). Odhiambo, Nicholas. In: The African Finance Journal. RePEc:afj:journl:v:7:y:2005:i:1:p:1-17. Full description at Econpapers \|\| Download paper	18
12	2010	Stock Markets, Banks and Economic Growth: Time Series Evidence from South Africa. (2010). Ndako, Umar. In: The African Finance Journal. RePEc:afj:journl:v:12:y:2010:i:2:p:72-92. Full description at Econpapers \|\| Download paper	15
13	2009	Are African Stock Markets Integrated with the Rest of the World?. (2009). ALAGIDEDE, IMHOTEP. In: The African Finance Journal. RePEc:afj:journl:v:11:y:2009:i:1:p:37-53. Full description at Econpapers \|\| Download paper	14
14	2005	What Determines the Capital Structure of Listed Firms in Ghana?. (2005). Biekpe, Nicholas ; Abor, Joshua. In: The African Finance Journal. RePEc:afj:journl:v:7:y:2005:i:1:p:37-48. Full description at Econpapers \|\| Download paper	12
15	2009	Foreign Direct Investment and Economic Growth: Co-Integration and Casualty Analysis of Nigeria. (2009). Okodua, Henry. In: The African Finance Journal. RePEc:afj:journl:v:11:y:2009:i:1:p:54-73. Full description at Econpapers \|\| Download paper	10
16	2016	Credit Referencing Bureaus and Bank Credit Risk: Evidence from Ghana. (2016). KUSI, BAAH ; Agbloyor, Elikplimi ; Fiador, Vera Ogeh ; Osei, Kofi Achampong. In: The African Finance Journal. RePEc:afj:journl:v:18:y:2016:i:2:p:69-92. Full description at Econpapers \|\| Download paper	10
17	2011	Monetary Policy Action and Inflation in South Africa: An Empirical Analysis. (2011). Kabundi, Alain ; Bonga-Bonga, Lumengo. In: The African Finance Journal. RePEc:afj:journl:v:13:y:2011:i:2:p:25-37. Full description at Econpapers \|\| Download paper	10
18	2014	A Greek Wedding In SADC? Testing For Structural Symmetry Towards SADC Monetary Integration. (2014). Zerihun, Mulatu ; Breitenbach, Marthinus ; Kemegue, Francis. In: The African Finance Journal. RePEc:afj:journl:v:16:y:2014:i:2:p:16-33. Full description at Econpapers \|\| Download paper	9
19	2007	Adjustment of Commercial Banks Interest Rates and the Effectiveness of Monetary Policy in South Africa. (2007). Wilson, Magdalene ; Aziakpono, Meshach ; Manuel, Jason . In: The African Finance Journal. RePEc:afj:journl:v:9:y:2007:i:1:p:1-20. Full description at Econpapers \|\| Download paper	8
20	2010	A Causality Analysis Between Financial Development and Economic Growth for Botswana. (2010). Jordaan, Andre ; Eita, Joel. In: The African Finance Journal. RePEc:afj:journl:v:12:y:2010:i:1:p:72-89. Full description at Econpapers \|\| Download paper	8
21	2015	Capital Structure, Profitability And Firm Value: Panel Evidence Of Listed Firms In Kenya. (2015). Mokoaleli-Mokoteli, Thabang ; Kodongo, Odongo ; Maina, Leonard N.. In: The African Finance Journal. RePEc:afj:journl:v:17:y:2015:i:1:p:1-20. Full description at Econpapers \|\| Download paper	7
22	2011	Determinants of Excess Liquidity in Tanzanian. (2011). Aikaeli, Jehovaness. In: The African Finance Journal. RePEc:afj:journl:v:13:y:2011:i:1:p:47-63. Full description at Econpapers \|\| Download paper	7
23	2008	Modelling the Rand-Dollar Future Spot Rates: The Kalman Filter Approach. (2008). Bonga-Bonga, Lumengo. In: The African Finance Journal. RePEc:afj:journl:v:10:y:2008:i:2:p:60-75. Full description at Econpapers \|\| Download paper	6
24	2011	The Impact of Inflation Targeting on Inflation Volatility in South Africa. (2011). Kaseeram, Irrshad ; Contogiannis, Eleftherios . In: The African Finance Journal. RePEc:afj:journl:v:13:y:2011:i:conference:p:34-52. Full description at Econpapers \|\| Download paper	6
25	2008	Modelling Return Volatility on the JSE Securities Exchange of South Africa. (2008). Mangani, Ronald. In: The African Finance Journal. RePEc:afj:journl:v:10:y:2008:i:1:p:55-71. Full description at Econpapers \|\| Download paper	6
26	2003	Testing the Random Walk Hypothesis on Thinly-Traded Markets: The Case of Four African Stock Markets. (2003). Smit, Eon ; Mlambo, Chipo ; Biekpe, Nicholas. In: The African Finance Journal. RePEc:afj:journl:v:5:y:2003:i:1:p:16-35. Full description at Econpapers \|\| Download paper	6
27	2013	Assessing The Finance - Growth Channel In Kenya: A VAR Analysis. (2013). Muniu, Joseph. In: The African Finance Journal. RePEc:afj:journl:v:15:y:2013:i:2:p:66-84. Full description at Econpapers \|\| Download paper	6
28	2009	Corporate Capital Structure Determinants: Evidence from Five African Countries. (2009). Ojah, Kalu ; Gwatidzo, Tendai. In: The African Finance Journal. RePEc:afj:journl:v:11:y:2009:i:1:p:1-23. Full description at Econpapers \|\| Download paper	6
29	2019	Revisiting Financial Development and Income Inequality Nexus for Africa. (2019). Kaya, Huseyin ; Jobarteh, Mustapha. In: The African Finance Journal. RePEc:afj:journl:v:21:y:2019:i:1:p:1-22. Full description at Econpapers \|\| Download paper	5
30	2008	Market Reaction and Equity Market Efficiency: A Survey of the Insider Trading Law in South Africa. (2008). Ojah, Kalu ; Muhanji, Stella ; Myburg, Andrew . In: The African Finance Journal. RePEc:afj:journl:v:10:y:2008:i:2:p:1-28. Full description at Econpapers \|\| Download paper	5
31	2018	Capital Flight in Africa: An Analysis of Macroeconomic and Institutional Quality Determinants. (2018). Kollamparambil, Umakrishnan ; Gumbo, Diana. In: The African Finance Journal. RePEc:afj:journl:v:20:y:2018:i:2:p:21-44. Full description at Econpapers \|\| Download paper	5
32	2010	Testing the Weak-form Market Efficiency and the Day of the Week Effects of some African Countries. (2010). Guidi, Francesco ; Batuo Enowbi, Michael ; Mlambo, Kupukile. In: The African Finance Journal. RePEc:afj:journl:v:12:y:2010:i:conference:p:1-26. Full description at Econpapers \|\| Download paper	5
33	2007	An Empirical Re-Examination of the Weak Form Efficient Markets Hypothesis of the Ghana Stock Market Using Variance-Ratios Tests. (2007). Ntim, Collins ; Opong, Kwaku K. ; Danbolt, JO. In: The African Finance Journal. RePEc:afj:journl:v:9:y:2007:i:2:p:1-25. Full description at Econpapers \|\| Download paper	5
34	2016	A Panel Ordered Response Model for Sovereign Credit Ratings in Africa. (2016). Pretorius, Marinda ; Botha, Ilse. In: The African Finance Journal. RePEc:afj:journl:v:18:y:2016:i:1:p:20-33. Full description at Econpapers \|\| Download paper	5
35	2019	Do Banking Institutions Respond to Incentives? Banking Awards and Stability Evidence from an Emerging Economy. (2019). Mensah, Lord ; KUSI, BAAH ; Kuttu, Saint ; Andoh, Charles. In: The African Finance Journal. RePEc:afj:journl:v:21:y:2019:i:1:p:23-49. Full description at Econpapers \|\| Download paper	4
36	2006	Macroeconomic Factors and the Ghana Stock Market. (2006). Osei, Kofi A.. In: The African Finance Journal. RePEc:afj:journl:v:8:y:2006:i:1:p:26-38. Full description at Econpapers \|\| Download paper	4
37	2006	Integration and Volatility Spillovers in African Equity Markets: Evidence from Namibia and South Africa. (2006). Floros, Christos ; Humavindu, Michael . In: The African Finance Journal. RePEc:afj:journl:v:8:y:2006:i:2:p:31-51. Full description at Econpapers \|\| Download paper	4
38	2011	Predictability of Stock Price Behaviour in South Africa: A Non-Parametric Approach. (2011). Muteba Mwamba, John Weirstrass. In: The African Finance Journal. RePEc:afj:journl:v:13:y:2011:i:1:p:14-27. Full description at Econpapers \|\| Download paper	3
39	2010	Possible Effective Fanancing Models for Entrepreneurship in South Africa: Guides from Microfinance and Venture Capital Finance. (2010). Ojah, Kalu ; Mokoaleli-Mokoteli, Thabang. In: The African Finance Journal. RePEc:afj:journl:v:12:y:2010:i:1:p:1-26. Full description at Econpapers \|\| Download paper	3
40	2011	Southern African Economic Integration: Evidence from an Augmented Gravity Model. (2011). Wunnava, Phanindra ; Wandschneider, Kirsten ; Warin, Thierry ; Herman, Moshi Optat . In: The African Finance Journal. RePEc:afj:journl:v:13:y:2011:i:1:p:1-13. Full description at Econpapers \|\| Download paper	3
41	2012	Modelling Exchange Rate Volatility in Zambia. (2012). CHIPILI, JONATHAN. In: The African Finance Journal. RePEc:afj:journl:v:14:y:2012:i:2:p:85-107. Full description at Econpapers \|\| Download paper	3
42	2004	The Exchange Rate Exposure of Major Commercial Banks in South Africa. (2004). de Wet, Walter A. ; Gebreselasie, Tewodros G.. In: The African Finance Journal. RePEc:afj:journl:v:6:y:2004:i:2:p:21-35. Full description at Econpapers \|\| Download paper	3
43	2006	Interest Rate and Stock Market Returns in Africa. (2006). Biekpe, Nicholas ; Adjasi, Charles. In: The African Finance Journal. RePEc:afj:journl:v:8:y:2006:i:2:p:12-30. Full description at Econpapers \|\| Download paper	3
44	2009	An Assessment of the Degree of South Africas Financial Integration into the World Economy. (2009). Bonga-Bonga, Lumengo. In: The African Finance Journal. RePEc:afj:journl:v:11:y:2009:i:2:p:67-79. Full description at Econpapers \|\| Download paper	3
45	2015	Interest Rate Pass-Through, Financial Structure And Monetary Policy In South Africa. (2015). Wilson, Magdalene ; Aziakpono, Meshach. In: The African Finance Journal. RePEc:afj:journl:v:17:y:2015:i:1:p:67-90. Full description at Econpapers \|\| Download paper	3
46	2020	Zimbabwean Commercial Banks Performance under Multiple-Currency System: A Dynamic Panel Data Analysis. (2020). Sunge, Regret ; Zivanomoyo, James ; Makumbe, Caroline. In: The African Finance Journal. RePEc:afj:journl:v:22:y:2020:i:2:p:40-51. Full description at Econpapers \|\| Download paper	3
47	2016	The Linkages Between Financial Deepening, Trade Openness, and Economic Growth in the West African Economic and Monetary Union (WAEMU). (2016). Abbey, Emmanuel ; Antwi-Asare, Theodore O ; Iyke, Bernard Njindan ; Gockel, Augustine F. In: The African Finance Journal. RePEc:afj:journl:v:18:y:2016:i:2:p:93-116. Full description at Econpapers \|\| Download paper	2
48	2007	On Measuring Indebtedness of African Countries. (2007). Nkamleu, Guy Blaise ; Nanfosso, Roger Tsafack. In: The African Finance Journal. RePEc:afj:journl:v:9:y:2007:i:1:p:21-38. Full description at Econpapers \|\| Download paper	2
49	2014	The Fractal Nature Of The Johannesburg Stock Exchange. (2014). Mlambo, Chipo ; Chimanga, Artwell . In: The African Finance Journal. RePEc:afj:journl:v:16:y:2014:i:1:p:39-56. Full description at Econpapers \|\| Download paper	2
50	2004	The Demand for Money in Tanzania: A Dynamic Test of Mckinnons Complementarity Hypothesis. (2004). Odhiambo, Nicholas. In: The African Finance Journal. RePEc:afj:journl:v:6:y:2004:i:1:p:21-36. Full description at Econpapers \|\| Download paper	2

50 most relevant documents in this series (papers most cited in the last two years)

#	Year	Title	Cited
1	2018	ICT, Financial Access and Gender Inclusion in the Formal Economic Sector: Evidence from Africa. (2018). Odhiambo, Nicholas ; Asongu, Simplice. In: The African Finance Journal. RePEc:afj:journl:v:20:y:2018:i:2:p:45-65. Full description at Econpapers \|\| Download paper	18
2	2017	Financial Inclusion and Poverty Reduction in Sub-Saharan Africa. (2017). Mensah, Lord ; Mohammed, Jabir Ibrahim ; Gyeke-Dako, Agyapomaa. In: The African Finance Journal. RePEc:afj:journl:v:19:y:2017:i:1:p:1-22. Full description at Econpapers \|\| Download paper	8
3	2013	Investment And Inequality In Africa: Which Financial Channels Are Good For The Poor?. (2013). Asongu, Simplice. In: The African Finance Journal. RePEc:afj:journl:v:15:y:2013:i:2:p:43-65. Full description at Econpapers \|\| Download paper	3
4	2021	Chairmanâs Letter, Impression Management and Governance Mechanisms: The Case of South African Listed Firms. (2021). Mokoaleli-Mokoteli, Thabang ; Totowa, Jacques. In: The African Finance Journal. RePEc:afj:journl:v:23:y:2021:i:1:p:1-19. Full description at Econpapers \|\| Download paper	2
5	2010	Does Foreign Direct Investment Crowd-Out Domestic Private Investment in Sub-Saharan Africa?. (2010). Asmah, Emmanuel ; Mutenyo, John ; Kalio, Aquilars . In: The African Finance Journal. RePEc:afj:journl:v:12:y:2010:i:1:p:27-52. Full description at Econpapers \|\| Download paper	2
6	2018	Capital Flight in Africa: An Analysis of Macroeconomic and Institutional Quality Determinants. (2018). Kollamparambil, Umakrishnan ; Gumbo, Diana. In: The African Finance Journal. RePEc:afj:journl:v:20:y:2018:i:2:p:21-44. Full description at Econpapers \|\| Download paper	2
7	2020	Agricultural Finance Constraints in the Nigerian Agricultural Sector. (2020). Mavrotas, George ; Adesugba, Margaret. In: The African Finance Journal. RePEc:afj:journl:v:22:y:2020:i:2:p:1-21. Full description at Econpapers \|\| Download paper	2
8	2022	The Impact of Financial Inclusion on the Livelihoods of Rural Smallholder Farmers in Nigeria. (2022). Machethe, Charles ; Adegbite, Olayinka. In: The African Finance Journal. RePEc:afj:journl:v:24:y:2022:i:2:p:38-50. Full description at Econpapers \|\| Download paper	2
9	2010	Stock Markets, Banks and Economic Growth: Time Series Evidence from South Africa. (2010). Ndako, Umar. In: The African Finance Journal. RePEc:afj:journl:v:12:y:2010:i:2:p:72-92. Full description at Econpapers \|\| Download paper	2
10	2005	The Flying Geese Model and Africas Economic Development: What are the Prospects that South Africa will Play a Leading Role?. (2005). Makina, Daniel ; Akinboade, Oludele A.. In: The African Finance Journal. RePEc:afj:journl:v:7:y:2005:i:1:p:49-69. Full description at Econpapers \|\| Download paper	2

Citing documents used to compute impact factor:

Year	Title

Recent citations

Recent citations received in 2023

Year	Citing document

Recent citations received in 2022

Year	Citing document

10 most frequent citing series

#	Series	H	Cites
1	Working Papers / European Xtramile Centre of African Studies (EXCAS)	29	31
2	Working Papers of the African Governance and Development Institute. / African Governance and Development Institute.	58	30
3	Working Papers of The Association for Promoting Women in Research and Development in Africa (ASPROWORDA). / The Association for Promoting Women in Research and Development in Africa (ASPROWORDA)	11	19
4	MPRA Paper / University Library of Munich, Germany	138	18
5	Journal of Africa SEER Centre(ASC) / Africa SEER Centre(ASC)	3	13
6	Working Papers / University of South Africa, Department of Economics	18	9
7	Working Papers / African Economic and Social Research Institute (AESRI)	4	6
8	Sustainability / MDPI	76	6
9	Journal of the Knowledge Economy / Springer	31	6
10	International Journal of Research and Innovation in Social Science / International Journal of Research and Innovation in Social Science (IJRISS)	6	6
11	Research Africa Network Working Papers / Research Africa Network (RAN)	48	5