The service sector accounts for a huge proportion of global employment, and is the biggest driver of gross domestic product in developing nations. This book presents a new frontier of research, offering insightful perspectives on the 21st century realities of the service sector and its effect on economic development in Africa.

Part I: Introduction 1. Introduction Part II: Financial Sector 2. Insurance Penetration in Sub-Saharan Africa: Issues, Challenges and Prospects, Franklin N. Ngwu, Chris I. Ogbechie & Oreva I. Atanya 3. Banking Services, Institutions and Economic Growth in Sub-Saharan Africa, Haruna Issahaku 4. Financial development and Income Inequality in South Africa, Samuel Adams and Edem Kwame Mensah Klobodu 5. Financial Sector and Economic Development in Sub-Sahara Africa, 1960-2015, Jean-Claude Nascimento 6. The Importance of Financial Development in the Promotion of Manufactured Exports in Africa, Rajen Mookerjee and Evelyn F. Wamboye 7. The dynamics of Bond and Equities Markets in WAEMU, Romain Houssa and Kelbesa Megersa Part III: Education Sector 8. Entrepreneurship education service and socioeconomic development in sub-Saharan Africa, Paschal Anosike, Oluwaseun Kolade and Pervaiz K. Ahmed 9. A Comparative Analysis of Gendered Labor Market Outcome in Africa and Asia's Least Developed Countries, Evelyn F. Wamboye and Peter J. Nyaronga Part IV: Power, Health and ICTs Sectors 10. Unlocking the Potential of the Power Sector for Industrialization and Poverty Alleviation in Nigeria, Patrick N. Osakwe 11. Trade in Healthcare Services and Economic Development: Case of Kenya and South-Africa, Anita Medhekar 12. Information and Communication Technologies' Impact on Growth and Employment in Africa, Evelyn F. Wamboye and Kiril Tochkov Part V: Tourism Sector 13. Development in Africa through Tourism and Services - A theoretical consideration, Peter J. Stauvermann & Ronald R. Kumar 14. Tourism as Panacea of Development, Shahdad Naghshpour and Bruno S. Sergi