The AfDB’s focus on economic resilience and self-sufficiency is seen as crucial for Africa’s future. Proposals like the African Investment Guarantee Agency aim to address political risks for investors, while efforts to establish an African credit rating agency seek to lower borrowing costs. The initiatives are part of a broader strategy to reduce Africa’s dependency on external aid and create a more stable investment environment. Read more https://ow.ly/s3gW50S9koN
Addis Fortune’s Post
More Relevant Posts
-
AfDB's Africa Economic Outlook 2024 identifies a 39% public investment efficiency gap in Africa, surpassing Europe and Asia. The continent needs US$402.2 billion annually to spur structural transformation by 2030, yet faces hurdles in efficient fund utilization. #AfricaInvestment #AfDBReport #StructuralTransformation #PublicInvestment #EconomicOutlook #FinanceGap #DevelopmentFinance #Taxation #EfficiencyGap #BCS #DigitalEconomy #SEOoptimization #AfricanEconomy #FinancialAnalysis #DevelopmentStrategy
-
Find out how SA’s Government of National Unity could shape the local market outlook, in an article from the Q3 Fundamentals series. Portfolio Manager Jason Swartz writes that political instability often leads to higher risk premiums for investor assets, as seen in South Africa's volatile pre-election period. However, since the establishment of the #GNU, investor sentiment has improved with key appointments like Enoch Godongwana as Finance Minister and Khumbudzo Ntshavheni in the Presidency, supporting fiscal and structural reforms. The GNU also included opposition parties in significant roles, which could foster growth. Investors are cautiously optimistic, awaiting progress on energy capacity and governance, with South African assets remaining undervalued, as foreign investors look for signs of further reform that could drive economic growth in the country. https://lnkd.in/d22mQdZX #InvestmentInsights #SouthAfricanEconomy #FiscalReform
-
-
How is green finance paving the way for sustainable growth in Africa? Africa’s financial sector is essential to advancing climate resilience. The European Investment Bank (EIB)’s Finance in Africa 2024 report highlights the growing role of green finance in supporting renewable energy, sustainable infrastructure, and climate adaptation projects across the continent. Read the report to discover how innovative financial solutions are driving development in Africa ⤵️ https://lnkd.in/ezifCBUf #SustainableFinance #GreenGrowth #ClimateAction
-
Important point from Dr. Hubert Danso, chairman and CEO of Africa investor, chair, CFA Asset Owners Council and co-chair SMI Africa Council, on data transparency. Also applies to data collected on biodiversity and climate risks. Necessary for meeting disclosure requirements - yet often seen as difficult and/or costly to access. Those institutions that have already collected useful data should make it available to help create an even playing field for others seeking to invest in or manage assets sustainably in an area.
INVESTOR NEWS: Publish What You Fund, a global campaign for aid transparency, has published a draft proposal outlining a new approach for boosting private capital mobilization for emerging market and developing economies. Dr. Hubert Danso Danso, chairman and CEO of Africa investor, chair, CFA Asset Owners Council and co-chair SMI Africa Council, also published a commentary pledging support for the proposal and urging the institutional investment community to speak up to support efforts for better mobilization data, stating investors’ lack of willingness to share data is often a reason given by DFIs as to why this information isn’t available.
-
With a focus on the EBRD's democratic mandate, the new paper uses field theory to examine regional financial development actors and state capitalist governments' interaction in the face of climate and migration crises and security challenges.
-
The International Monetary Fund (IMF) has entered a significant financing agreement with the Democratic Republic of Congo (DRC) worth $2.87 billion over three years. The deal includes $1.77 billion from the IMF’s Extended Credit Facility (ECF) and $1.1 billion from its climate-focused Resilience and Sustainability Facility (RSF), marking the first time the latter has been extended to the DRC. https://bit.ly/3UYsEUK
-
-
The Alliance for African Multilateral Financial Institutions Call for Increased Resource Mobilization for Sustainable Development Read more: https://buff.ly/3C3FA4Q African Union AfriCatalyst #AAMFI #Africa #Finance #ResourceMobilization #SustainableDevelopment #MultilateralInstitutions #GlobalCapital #Governments #IncomeInequality #Investment #Funding
-
-
"African countries need a new conceptual framework for managing sovereign debt, and, if effective, it will enable them to more efficiently finance their debt and climate challenges" - Prof. Daniel Bradlow, Centre for the Advancement of Scholarship, University of Pretoria Follow our social media pages for updates on the ongoing 2024 Macroeconomic & Financial Management Institute of Eastern and Southern Africa (MEFMI) Governor's Forum. #mefmi #MEFMIGovernorsForum #sovereigndebt #EconomicDevelopment
-
-
"South Africa’s investment and confidence have steadily dried up. Without long-term investment, we cannot solve unemployment" - Dr Morné Malan, FMF Deputy Head of Policy. We must reverse this trend to restore growth. Watch the full discussion here: https://lnkd.in/dUTm2k-9 Learn more about the FMF’s Liberty First initiative here: https://libertyfirst.co.za
-
AfDB Annual Meetings May 27th-31st KICC, Kenya As the AfDB Annual Meetings 2024 come to an end, it is a privilege for Kenya and KICC to have hosted these key meetings. The theme "Africa Transformation, the Africa Development Bank Group, and the Reform of the Global Financial Architecture" is spot on. At the core is the: reform of the key global multilateral agencies by reviewing the credit terms extended to the developing south (consideration of external and climate related shocks), re-evaluating how GDP is calculated in order to provide for better negotiating platform for finances, fair distribution of SDR's and an equal seat for countries in the developing south in these agencies. These annual meetings were instrumental in consolidating a united front matters global finance and economic transformation.
-
Supporter, Tsere lamba - solar energy (solar for trees initiative) ፀረ ላምባ
9moCredit 🆚 merit? Better, imv, to be more proactive and responsive to people's expectations instead. C'mon, it doesn't make any sense to ask for access to int'l capital (not African capital), based on "friendlier" African terms. Not sustainable in the real world, anyway. Proving one's competitiveness, transparency, performace & accountability increases one's credit worthiness. Not cutting corners. 🤔 The sad realities in Africa (HOA in particular) make smiling difficult, except for the rulers.