Financial Governance in Africa In the Digital Age: Financial Governance of Academic Institutions

Abstract : This article explores the impact of digital transformation on financial governance in academic institutions in Africa. It begins by examining key theories related to digital transformation and financial governance, including agency theory and shareholder value theory. The article then analyzes the benefits of digitalization, such as improved efficiency, transparency, and optimization of financial processes, while also addressing challenges like resistance to change and data security. It also highlights existing gaps in the digital financial governance of academic institutions, including data management and the need for digital skills. Finally, the article offers recommendations to overcome these obstacles and fully leverage the advantages of digital transformation to strengthen financial stability and transparency in African academic institutions.