Making Finance Work for Africa (MFW4A)’s Post

𝗜𝗖𝗬𝗠𝗜: Day 1 of the #SustainableCapitalMarketsConference was an inspiring kickoff, bringing together leaders from across Africa’s financial sector to explore the transformative power of #CapitalMarkets in fostering sustainable growth and resilience. Some of the key themes focused on how Africa’s capital markets can play a pivotal role in financing climate resilience, biodiversity, and inclusive growth. Strategic discussions highlighted the importance of building resilient financial systems to reduce Africa’s reliance on foreign currency debt. Collaboration emerged as a cornerstone for driving systemic change in Africa’s financial ecosystems. 𝗔 𝗺𝗮𝗷𝗼𝗿 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁 came as the British High Commissioner to Kenya, Neil Wigan OBE, announced a $5.2 million investment aimed at strengthening Kenya’s #SME sector by expanding affordable credit access for small businesses. We also unveiled our latest report, showcasing key milestones and innovations that are setting a resilient and inclusive foundation for Africa’s financial markets. The report highlights groundbreaking initiatives which are paving the way for sustainable capital markets. Our expert panels unpacked a wealth of knowledge on leveraging tools like #carbon bonds and Debt-for-Nature Swaps to address climate and biodiversity challenges. Discussions also centered on how regulatory support can unlock capital flows and create sustainable financial ecosystems across the continent. Day 2 has begun—stay tuned for more insights and developments! 🔗Read more here: https://lnkd.in/dUbh6sjd -- #SustainableCapitalMarketsConference #MakingFinanceWork #GoFarGoTogether -- Mark Napier, Evans Osano, DBA, Mary M. Njuguna, Jemima Gathumi, Cecilia Bjerborn Murai, Victor Nkiiri, Vimal Parmar, CFA, MBA, Adebayo Araoye, Sandy O. Okoth, Brian O. Yalla, CFA, CAIA, CIPM, MCSI, CIFA, Amos Mugi, FRM, Grace Pascal Mdemu, Joy V. Kendi, Lilian Bwire, John Ross (JR) SOGBOSSI, Evelyne Matibe, Angellah Khamala, Wycliffe Ooko, Cynthia Burudi, Capital Markets Authority (CMA) Uganda, Josephine Okui Ossiya-CPA,FCCA, MBA, Hana Tehelku, Shamiah Wycliffe, Brinda Mutty-Harjan, ICPAK (Institute of Certified Public Accountants of Kenya), CPA Catherine Asemeit Omasete, Prado Power, Gladness Deogratias, Ethiopian Securities Exchange (ESX), Frank Mwiti, Oluwaseun Afolabi.

The road to achieving the Sustainable Development Goals (SDGs) has faced unprecedented challenges, from climate disasters to economic downturns. But, as these threats loom ever larger, now is the time for action. The 2nd Blended Finance Africa 2024 conference is set to mobilise private finance at an unprecedented scale to bridge the SDG funding gaps. Join Challenge Works' Naomi Whitbourn as she discusses the latest trends, challenges, and opportunities in blended finance for sustainable development. Sign up to the conference: https://lnkd.in/ehD9RPdE #BlendedFinanceAfrica2024 #SDGs #SustainableDevelopment #PrivateFinance #ImpactInvesting

The Biennial #SustainableCapitalMarketsConference concluded two insightful days in Nairobi on 5th–6th November 2024, bringing together thought leaders, policymakers and financial experts from across #Africa and beyond. With the theme 'catalysing Africa's growth through capital markets', the conference focused on how African markets can support sustainable development. Day 2 featured the following key highlights: 🏗Building resilience through #CapitalMarkets: In a session led by Kanini Mutooni, Board Member, #FSDAfrica, panellists explored how African countries can tackle macroeconomic challenges like currency risk, sovereign debt and credit ratings. 🤝🏼Mobilising institutional capital: Africa’s untapped wealth lies in its domestic institutional capital. In a session moderated by our CEO Mark Napier, the conversation shifted to strategies for unlocking this potential, focusing on directing investments towards sustainable development, infrastructure and alternative assets. 💡Innovative finance for a sustainable future: Presenters showcased the latest tools reshaping Africa’s financial landscape. From carbon-linked sovereign bonds and debt-for-nature swaps to biodiversity financing, speakers highlighted groundbreaking financial innovations bridging Africa’s sustainable finance gap. The conference concluded with a fireside chat featuring Evans Osano, DBA, Mark Napier, and Hikmet Abdella, reflecting on how African capital markets can drive a sustainable and resilient future. 🔗Read more here: https://lnkd.in/dUbh6sjd -- #MakingFinanceWork #GoFarGoTogether #FinancialInclusion -- Mark Napier, Evans Osano, DBA, Mary M. Njuguna, Jemima Gathumi, Cecilia Bjerborn Murai, Victor Nkiiri, Vimal Parmar, CFA, MBA, Adebayo Araoye, Sandy O. Okoth, Brian O. Yalla, CFA, CAIA, CIPM, MCSI, CIFA, Amos Mugi, FRM, Grace Pascal Mdemu, Joy V. Kendi, Lilian Bwire, John Ross (JR) SOGBOSSI, Evelyne Matibe, Angellah Khamala, Wycliffe Ooko, Cynthia Burudi, Capital Markets Authority (CMA) Uganda, Josephine Okui Ossiya-CPA,FCCA, MBA, Hana Tehelku, Shamiah Wycliffe, Brinda Mutty-Harjan, ICPAK (Institute of Certified Public Accountants of Kenya), CPA Catherine Asemeit Omasete, Gladness Deogratias, Ethiopian Securities Exchange (ESX), Frank Mwiti, Oluwaseun Afolabi, Amos Gachuiri, Dorothy Maseke ,CFIRM, Reshma Shah, Climate Policy Initiative, Dharshan Wignarajah.

Financing mechanisms for developing economies need a complete overhaul. Concessional capital inflows to developing economies net out at only $2bn p/a (!!) given private sector outflows and the crippling costs of debt servicing post pandemic. Excellent piece from Mahmoud Mohieldin Mohieldin, United Nations Special Envoy on Financing the 2030 Agenda: The "Great Reversal" in Financing #SDGs in Developing Countries. …”underscores a developmental crisis where many countries spend more on debt service than on education, health, and basic services combined. We are experiencing a "Great Reversal" that necessitates a fundamentally different approach to managing and mobilizing international finance.” Marco Scuriatti Simon Zadek Simon Andrews - CFA Caralee Mcliesh ASU Julie Ann Wrigley Global Futures Laboratory John Vermilye Antoinette Vermilye (she/her)

Financing mechanisms for developing economies need a complete overhaul. Concessional capital inflows to developing economies net out at only $2bn p/a (!!) given private sector outflows and the crippling costs of debt servicing post pandemic. Excellent piece from Mahmoud Mohieldin Mohieldin, United Nations Special Envoy on Financing the 2030 Agenda: The "Great Reversal" in Financing hashtag #SDGs in Developing Countries. …”underscores a developmental crisis where many countries spend more on debt service than on education, health, and basic services combined. We are experiencing a "Great Reversal" that necessitates a fundamentally different approach to managing and mobilizing international finance.” Marco Scuriatti Simon Zadek Simon Andrews - CFA Caralee Mcliesh ASU Julie Ann Wrigley Global Futures Laboratory John Vermilye Antoinette Vermilye (she/her) …see more SDGs @ IsDB Group SDGs @ IsDB Group 3,514 followers 3,514 followers 5d •     5 days ago Follow The "Great Reversal" in Financing hashtag #SDGs in Developing Countries The concept of "Billions to Trillions" aims to escalate funding from the billions generated domestically and through Official Development Assistance (ODA) to address the significant financing gaps identified in achieving the Sustainable Development Goals (SDGs). However, as highlighted by Larry Summers and Professor Sin, we currently face a situation of "negative flows" in developing economies and emerging markets. This scenario is characterized by a disproportionate outflow of capital: $68 billion exiting developing economies and emerging markets to the private sector, and $40 billion being withdrawn by the Multilateral Development Banks (MDBs) from these regions to service debt, notably those incurred during the COVID-19 pandemic. Consequently, the net capital inflows of concessional finance to these economies amount to merely two billion dollars. This stark reality underscores a developmental crisis where many countries spend more on debt service than on education, health, and basic services combined. We are experiencing a "Great Reversal" that necessitates a fundamentally different approach to managing and mobilizing international finance. Mahmoud Mohieldin, UN Special Envoy on Financing the 2030 Agenda Moderated by Dr. Rami Ahmad, Senior Advisor for IsDB President

In developing countries the gap between aspirations and reality is quantified mainly in terms of financial gap. Even in the remote case that carbon credits or CO2eq tones reduction become an accepted currency for international debt payments, the total size of the debt ticket is USD 40 billions per year. The size of the gap: USD 4 trillions per year to achieve SDGs and USD 6 trillion to meet Carbon reduction pledges by 2030. So, -what are we talking about?. The only way is to incorporate the capital value of environmental services as part of the global economy, and then expand the global GDP by three of four times. Off course, this means a new global equilibrium, a new concept of value well beyond that of the exclusive human-work-based value reflected in our current balance sheets, millions of new jobs to restaure, preserve and expand natural capital and the planetary systems, and a new economic order considering f.i. "environental capital per capita".

The Fourth Financing for Development Conference (#FfD4) presents a crucial opportunity to establish effective #policy measures for #sustainablefinance and #interoperability, reducing fragmentation and #greenwashing while strengthening investors’ confidence to expand capital flows to sustainable investments. A global endorsement of a global comprehensive corporate disclosure system based on GRI and ISSB could be a concrete FfD4 deliverable, ensuring systematic capture of impacts, risks and opportunities across jurisdictions — essential for aligning the global financial architecture with the #2030Agenda for Sustainable Development.  #doublemateriality #SDGs #ESG #corporatereporting

Risk Insights is proud to have attended the African Securities Exchanges Association (ASEA) Conference, known as the 12th Building African Financial Markets (BAFM) Seminar 2024, hosted by ASEA and JSE Groupe. This pivotal event, held on June 19-20 at the Sandton Convention Centre, Johannesburg, is crucial for enhancing growth, resilience, efficiency, and inclusivity in African financial markets. As a cornerstone event in Africa’s financial calendar, the BAFM Seminar plays a vital role in shaping the continent’s financial landscape by bringing together key stakeholders, thought leaders, and experts to discuss strategies for sustainable economic development. The importance of this seminar is underscored by the impactful ASEA Conference 2023 in Nairobi, were President of Kenya, His Excellency Dr William Samoei Ruto, PhD, highlighted Africa's critical role in the global green transition. As a leading ESG analytics company, our attendance at the BAFM Seminar reaffirms our commitment to sustainable investment practices and advancing ESG integration across Africa. We are dedicated to supporting ASEA’s mission of fostering a thriving and resilient financial ecosystem in Africa. The seminar features insightful discussions and strategies from esteemed speakers including Mr Pierre Celestin RWABUKUMBA, Dr Leila Fourie, Ms Astrid Ludin, Mr Claver Gatete, Mr James Auliffe, Mr Eugene Tawiah, Ms Lyle Horsley, Ms Nerina Visser CFA, Ms Sonia Essobmadje, Mr Tony Ibeziako - MSc ACS CIArb, Ms Anelisa Matutu, Mr Collen Tapfumaneyi, Mr Frank Mwiti, Ms Loshni Naidoo, Ms Tiekie Barnard Mr Mark Randall, Mr Clayton Summer Ms Abena Amoah, Ms. Barbara Arnold, Mr Zack Hodgson, Ms Diana Okine, Mr Kopano Bolokwe - MBA, CAIA, Ms Tania Wimberley, Dr Pedro Gurrola Perez, Mr Thato Mashigo, Ms Cleola Kunene, Ms Thapelo Moribane, and Mr Justin Bgoni. We look forward to leveraging these insights to drive sustainable growth and resilience in Africa’s financial markets, continuing our dedicated support for ASEA's initiatives. #RiskInsights #ESGGPS #ESG #BAFMSeminar #ASEAEvent #FinancialMarkets #AfricaGrowth #Resilience #Inclusivity

Risk Insights is proud to have attended the African Securities Exchanges Association (ASEA) Conference, known as the 12th Building African Financial Markets (BAFM) Seminar 2024, hosted by ASEA and JSE Groupe. This pivotal event, held on June 19-20 at the Sandton Convention Centre, Johannesburg, is crucial for enhancing growth, resilience, efficiency, and inclusivity in African financial markets. As a cornerstone event in Africa’s financial calendar, the BAFM Seminar plays a vital role in shaping the continent’s financial landscape by bringing together key stakeholders, thought leaders, and experts to discuss strategies for sustainable economic development. The importance of this seminar is underscored by the impactful ASEA Conference 2023 in Nairobi, were President of Kenya, His Excellency Dr William Samoei Ruto, PhD, highlighted Africa's critical role in the global green transition. As a leading ESG analytics company, our attendance at the BAFM Seminar reaffirms our commitment to sustainable investment practices and advancing ESG integration across Africa. We are dedicated to supporting ASEA’s mission of fostering a thriving and resilient financial ecosystem in Africa. The seminar features insightful discussions and strategies from esteemed speakers including Mr Pierre Celestin RWABUKUMBA, Dr Leila Fourie, Ms Astrid Ludin, Mr Claver Gatete, Mr James Auliffe, Mr Eugene Tawiah, Ms Lyle Horsley, Ms Nerina Visser CFA, Ms Sonia Essobmadje, Mr Tony Ibeziako - MSc ACS CIArb, Ms Anelisa Matutu, Mr Collen Tapfumaneyi, Mr Frank Mwiti, Ms Loshni Naidoo, Ms Tiekie Barnard Mr Mark Randall, Mr Clayton Summer Ms Abena Amoah, Ms. Barbara Arnold, Mr Zack Hodgson, Ms Diana Okine, Mr Kopano Bolokwe - MBA, CAIA, Ms Tania Wimberley, Dr Pedro Gurrola Perez, Mr Thato Mashigo, Ms Cleola Kunene, Ms Thapelo Moribane, and Mr Justin Bgoni. We look forward to leveraging these insights to drive sustainable growth and resilience in Africa’s financial markets, continuing our dedicated support for ASEA's initiatives. #RiskInsights #ESGGPS #ESG #BAFMSeminar #ASEAEvent #FinancialMarkets #AfricaGrowth #Resilience #Inclusivity

Financing mechanisms for developing economies need a complete overhaul. Concessional capital inflows to developing economies net out at only $2bn p/a (!!) given private sector outflows and the crippling costs of debt servicing post pandemic. Excellent piece from Mahmoud Mohieldin Mohieldin, United Nations Special Envoy on Financing the 2030 Agenda: The "Great Reversal" in Financing hashtag #SDGs in Developing Countries. …”underscores a developmental crisis where many countries spend more on debt service than on education, health, and basic services combined. We are experiencing a "Great Reversal" that necessitates a fundamentally different approach to managing and mobilizing international finance.” Marco Scuriatti Simon Zadek Simon Andrews - CFA Caralee Mcliesh ASU Julie Ann Wrigley Global Futures Laboratory John Vermilye Antoinette Vermilye (she/her) …see more SDGs @ IsDB Group SDGs @ IsDB Group 3,514 followers 3,514 followers 5d •     5 days ago Follow The "Great Reversal" in Financing hashtag #SDGs in Developing Countries The concept of "Billions to Trillions" aims to escalate funding from the billions generated domestically and through Official Development Assistance (ODA) to address the significant financing gaps identified in achieving the Sustainable Development Goals (SDGs). However, as highlighted by Larry Summers and Professor Sin, we currently face a situation of "negative flows" in developing economies and emerging markets. This scenario is characterized by a disproportionate outflow of capital: $68 billion exiting developing economies and emerging markets to the private sector, and $40 billion being withdrawn by the Multilateral Development Banks (MDBs) from these regions to service debt, notably those incurred during the COVID-19 pandemic. Consequently, the net capital inflows of concessional finance to these economies amount to merely two billion dollars. This stark reality underscores a developmental crisis where many countries spend more on debt service than on education, health, and basic services combined. We are experiencing a "Great Reversal" that necessitates a fundamentally different approach to managing and mobilizing international finance. Mahmoud Mohieldin, UN Special Envoy on Financing the 2030 Agenda Moderated by Dr. Rami Ahmad, Senior Advisor for IsDB President