Africa Legal’s Post

ZM: Zambia to Host Digital Government Africa Summit 2024 in Lusaka Zambia is set to host the Digital Government Africa Summit 2024 from October 2-4, marking a pivotal moment for digital transformation on the continent. This summit will provide a platform for discussions on the future of digital governance and its role in shaping Africa’s economic landscape.

Francophone West Africa offers a compelling combination of high growth, attractive demographic and unified rule of law.  Jean-Marc Savi de Tové and Vissého Gnassounou, co-founders and managing partners, were interviewed by Private Equity International for its 2024 Africa Report. They discussed the high economic growth of the region over the past decade, which is one of the highest rates globally, as well as investment opportunities, LP appetite and how we transform local SMEs into regional plays.    Read more about the PEI 2024 Africa report and Adiwale Partners views here : https://lnkd.in/dRNG-EWu   #africa  #francophonewestafrica  #privateequity

Africa's economic outlook remains resilient but faces critical challenges. While growth is set to rebound in 2024, the $402 billion annual financing gap highlights a crucial test for policymakers: Can Africa effectively scale domestic resource mobilization and attract private sector investment to bridge this gap? Balancing growth with structural reforms is key to unlocking long-term development potential. #SAR #AfricaEconomy #EconomicOutlook #InvestmentInAfrica #GrowthPotential #StructuralReforms #ResilientAfrica #EmergingMarkets https://lnkd.in/dYFg_m5v

Preparing for economic growth in Africa by 2050 involves several strategic steps, as highlighted in the provided sources: 1. **Education and Skill Development**: Ensure the younger generation is adequately educated and skilled to meet the challenges of the 4th Industrial Revolution. This is crucial to harness the potential of Africa's young population, which is expected to be the world's largest workforce by 2050. 2. **Embrace Technology**: Leverage information technologies and the internet to transform education and facilitate access to financial services through mobile money. This can help bridge gaps and enhance economic inclusion. 3. **Promote Entrepreneurship**: Encourage entrepreneurial activities among the youth. Africa is rich in natural resources and human capital, which can be utilized to drive economic growth through private sector development. 4. **Infrastructure Investment**: Invest in infrastructure to support economic growth. This includes both physical infrastructure like roads, ports, and utilities, as well as digital infrastructure to enhance connectivity and access to information. 5. **Sustainable Development**: Focus on sustainable development to mitigate the environmental impact of economic growth. Initiatives like the Great Green Wall and conservation funds can help in this regard. 6. **Regional Integration**: Leverage the African Continental Free Trade Area (AfCFTA) to promote regional trade and value chains. This can help create a more integrated and resilient African economy. 7. **Financial Inclusion**: Increase financial inclusion to ensure that economic growth benefits a larger portion of the population. This includes access to banking services, credit, and insurance. 8. **Governance and Policy**: Implement sound governance and policy frameworks to ensure that economic growth is inclusive and sustainable. This includes measures to reduce corruption, enhance transparency, and promote accountability. 9. **Diversification**: Reduce dependency on mining and agriculture by diversifying into other sectors such as manufacturing, services, and technology. This can help create a more robust and resilient economy. 10. **International Cooperation**: Engage with international partners to attract investment, technology, and expertise. This can help accelerate economic growth and development. By focusing on these areas, Africa can prepare for significant economic growth by 2050, transforming into a major global economic player.

South Africa's business community is showing cautious optimism, according to the latest RMB/BER Business Confidence Index. The index rose by 5 points to 35% in Q2 2024, indicating a tentative uptick in business sentiment. However, with the recent national election results still sinking in, businesses are taking a wait-and-see approach before making any major moves. This cautious stance is understandable, as companies seek clarity on policy direction and economic stability before making significant investments or decisions. While this wait-and-see approach may have short-term implications for economic growth and job creation, it's a prudent move in uncertain times. As the country navigates this new era of governance, businesses are wisely taking a pause to assess the landscape. https://lnkd.in/gK7NfTrk #SouthAfrica #BusinessConfidence #RMBBERBusinessConfidenceIndex #EconomicGrowth #JobCreation #WaitAndSeeApproach #BusinessSentiment #EconomicStability #PolicyDirection #BusinessCommunity #EconomicUpdate #SouthAfricaEconomy #Finance #Economics #Business #Investment, #Trade #Commerce

Nigeria's Digital Economy ecosystem is projected to generate an estimated $18.3bn by 2026. The Minister of Communications, Innovation and Digital Economy @FMCIDENigeria, Dr. Bosun Tijani @bosuntijani, disclosed this in Abuja, Nigeria’s capital, at a stakeholder engagement on National Digital Economy and e-Governance Bill. #DigitalEconomy

Cyprus is booming! 💥 With a remarkable 4.2% GDP growth, the island is a magnet for investors seeking prosperity and a strategic gateway to European, Middle Eastern, and African markets. Let Aegir Consulting be your guide to success, providing expert advice and tailored solutions to help you navigate the opportunities and challenges of this thriving economy! 📈💰  click the link in bio to learn more! . . . . #AegirConsulting #CyprusGDP #EconomicGrowth #InvestmentOpportunities #BusinessFriendly #InvestInCyprus #GDPGrowth #EconomicBoom #InvestmentHaven #CyprusInvestment #AegirExpertise #InvestmentGuide #CyprusEconomy #GDPBoom #InvestmentSuccess #EconomicSuccess #BusinessGrowth

Our Symposium on IFFs continues with “Reliance cannot be successfully placed on any non-African-controlled international organisations or entities to proffer the required solutions to the problem of tax and commercially related IFFs from Africa”by Emmanuel Onyeabor. "...the rise of globalisation and digitalisation of the economy, including the economic liberalisation that followed, has (amongst other factors) allowed tax and commercially related Illicit Financial Flows (“IFFs”) to thrive in Africa. IFFs from Africa are said to have assumed crisis proportions in recent times. Global Financial Integrity (2010) reportedly estimates IFFs from Africa between 1970 and 2008 alone at more than U$1 trillion, an amount that dwarfs the combined inflows of developmental assistance and foreign direct investments into the continent over the same period. Nigeria is also reported to have led other resource-rich African economies with this enormous outflow, put at US$217.7 billion, or 30.5% of the total IFFs from Africa within the relevant period. Africa is currently estimated to be losing more than US$50 billion to US$86.63 billion annually in IFFs." https://lnkd.in/e4yQUu3B

Africa's Potential: Turn Infrastructure Challenges into Investment Opportunities! Discover how Africa's infrastructure challenges can be leveraged as investment opportunities for economic growth. South African Trade Minister Ebrahim Patel sees these gaps as prospects rather than hindrances. What do you think? This article explores investment opportunities, economic stimulation, innovation, technology adoption, and skills development arising from addressing infrastructure deficiencies: https://lnkd.in/d2cG42cH #caglobal #africaopportunities #investmentgrowth #economicprospects #innovationinafrica

Happy New Year! Inflationary pressures and high cost of living across Africa in 2023 notwithstanding, there were renewed efforts towards climate action, implementation of intra-Africa trade through the AfCFTA, embracing of Public Private Partnerships (PPPs) for infrastructure development, as well as deep dives into Artificial Intelligence (AI) and its impact on the digital transformation that the continent is undergoing. From an investment point of view, VC funding for the startup ecosystem in Africa dipped, after a previous 5 years rally. Nevertheless, private capital deployment still happened in relatively significant quantum; with the leading economies in the South, East, West and North Africa taking the lion share as usual. Several strategic Mergers and Acquisitions (M&As) were also completed in the year across various sectors. Looking into 2024, we expect moderate markets turbulence; juxtaposed with continued resilience to internal and external shocks such as the conflicts in Middle East and Europe. About 18 countries will be having national elections in Africa in 2024; as well as other major global economies like the USA. As a result of these, we expect intermittent market volatility driven by policy speculations and aggressive campaign season expenditures. In summary, we foresee concerted efforts in 2024 to build on all the major economic development initiatives started in 2023 across different countries in Africa. However, the trajectory of those initiatives & projects will be subjected to policy changes introduced by new governments where the incumbents lose to new comers in countries where there are elections. From the investments front, we expect 2024 to be a recovery year when the graphs tilt slightly upwards from higher local and foreign capital deployments by VCs, PEs, lenders, DFIs as well as a surge in angel investing. #consultfie #infusinggrowth #transactionadvisory #internationaltax #internationaltrade #climateaction