"Africa has everything it takes to sustain and finance itself."💸 Watch Dupe (Olaniyi) Ige, CFA shed light on Africa's natural resources and how they can be leveraged for development in the second session of the #FinancingAfrica webinar mini-series.👇🏿 Catch up on all the contributions below! 💡 https://lnkd.in/eNd9Q7ke
Mo Ibrahim Foundation’s Post
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CEO and Founder, Resilience Capital Ventures LLC
Financial Innovation Is Key My recommendation - spend the time and effort on examining the frontiers of knowledge and practice. Let me explain: 1. There should be a focus on optimizing the impact of remittances by giving these flows more positive policy treatment. The quantum of remittances has grown but the mindset of economic policy specialiats has not caught up. 2 An African-owned financing agenda must include innovation in financing (e.g domestic currency funds, hedging and blended finance architecture). Olumide Lala Tshepo Magagane Owen Ruwodo and insurance linked products Bryan Joseph 3. Must unlock the power of capital markets and risk capital Iyinoluwa Aboyeji on venture finance is a must. 4. There is a need for more venues where informed and thoughtful actors such as Lucy Quist Hannah Ryder (芮 婉 洁) Gavin Andersson, PhD Misheck Mutize (PhD) get to contribute to setting directions. These thinkers and do-ers challenge at an epistemic level. 5. The implementation of change requires activators like Amma A. Gyampo Diana Gichaga and Alistair Scott. Groups like Shared Interest are vital. This is the work we do across all these components and would welcome opportunities to discuss. #TripleBFramework
🚨We are excited to announce the long-anticipated launch of our 2024 Forum Report: #FinancingAfrica: Where is the Money? 💰 Africa’s progress on key climate and development goals, including the United Nation’s SDGs and the African Union’s Agenda 2063, is severely behind and the financing gap to achieve these remains staggering. 📈 Including the latest available data as well as a range of expert contributors, the report delves into how processes within the international financing system are depriving the continent of necessary funds. It goes on to assess the challenges Africa is facing in mobilising its own resources, including the scale of losses from tax incentives and illicit financial flow leakages. 🌍 In conclusion, the money to address Africa's challenges is there: what we need is a complete financing paradigm shift. 💱 Read more about #FinancingAfrica here 👇🏽: 🚨 https://lnkd.in/egBwsVMP 🔗🚨
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Studies show that 1 in every 5 working-age Africans will start a business in their lifetime but very few of the businesses will live to their full potential, largely due to lack of access to suitable funding. It is estimated that there is a funding gap of USD106 billion, with the most affected businesses being those in the "missing middle"⏤ too large to benefit from the various Microfinance funding options available, but also not large enough to be considered by classic local commercial banks, DFls and other impact investors. In this abridged speech made by Cristina Banuta the Programme Manager, Access to Finance, Climate Finance, Agribusiness and Land at the European Union Delegation to Uganda at the recently ended East Africa Private Equity & Venture Capital Association (EAVCA)) Private Capital Conference at the Speke Resort & Conference Centre Munyonyo enumerates the various European Union-supported structured blended finance and risk-tolerant capital solutions and instruments available to SMEs in the East African region. Jan Sadek Owino David Amanda Kabagambe Olivia Byanyima Kim Kamarebe Dr. Edward Isingoma Matsiko, FCCA https://lnkd.in/dR2GMv-R
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Our 2024 Forum Report on #FinancingAfrica is out today!
🚨We are excited to announce the long-anticipated launch of our 2024 Forum Report: #FinancingAfrica: Where is the Money? 💰 Africa’s progress on key climate and development goals, including the United Nation’s SDGs and the African Union’s Agenda 2063, is severely behind and the financing gap to achieve these remains staggering. 📈 Including the latest available data as well as a range of expert contributors, the report delves into how processes within the international financing system are depriving the continent of necessary funds. It goes on to assess the challenges Africa is facing in mobilising its own resources, including the scale of losses from tax incentives and illicit financial flow leakages. 🌍 In conclusion, the money to address Africa's challenges is there: what we need is a complete financing paradigm shift. 💱 Read more about #FinancingAfrica here 👇🏽: 🚨 https://lnkd.in/egBwsVMP 🔗🚨
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This publication is worth reading by everyone involved in mobilizing finance at scale for Africa’s net zero and climate-resilient transformation. Good read
🚨We are excited to announce the long-anticipated launch of our 2024 Forum Report: #FinancingAfrica: Where is the Money? 💰 Africa’s progress on key climate and development goals, including the United Nation’s SDGs and the African Union’s Agenda 2063, is severely behind and the financing gap to achieve these remains staggering. 📈 Including the latest available data as well as a range of expert contributors, the report delves into how processes within the international financing system are depriving the continent of necessary funds. It goes on to assess the challenges Africa is facing in mobilising its own resources, including the scale of losses from tax incentives and illicit financial flow leakages. 🌍 In conclusion, the money to address Africa's challenges is there: what we need is a complete financing paradigm shift. 💱 Read more about #FinancingAfrica here 👇🏽: 🚨 https://lnkd.in/egBwsVMP 🔗🚨
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Our report on #FinancingAfrica uncovered the vast potential of domestic resource mobilisation for Africa, strengthening tax systems to monetising critical green assets. 🌳 💰 Operationalising the #AfricanCreditRatingAgency, in particular, is set to play a pivotal role in shaping a more robust and transparent financial ecosystem in Africa, paving the way for sustainable development and prosperity. 🌟 To learn more about leveraging Africa's domestic resources, read our 2024 Forum Report below: https://lnkd.in/eYyJ7edi
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Excited to share insights from the latest Mo Ibrahim Foundation report on Financing Africa: Where is the Money? The report delves into critical issues like sustainable development, climate finance, and leveraging Africa's vast resources. Proud to have contributed to this important dialogue on ensuring financial sustainability and equitable growth across the continent. #FinancingAfrica #DevelopmentGoals #ClimateFinance
🚨We are excited to announce the long-anticipated launch of our 2024 Forum Report: #FinancingAfrica: Where is the Money? 💰 Africa’s progress on key climate and development goals, including the United Nation’s SDGs and the African Union’s Agenda 2063, is severely behind and the financing gap to achieve these remains staggering. 📈 Including the latest available data as well as a range of expert contributors, the report delves into how processes within the international financing system are depriving the continent of necessary funds. It goes on to assess the challenges Africa is facing in mobilising its own resources, including the scale of losses from tax incentives and illicit financial flow leakages. 🌍 In conclusion, the money to address Africa's challenges is there: what we need is a complete financing paradigm shift. 💱 Read more about #FinancingAfrica here 👇🏽: 🚨 https://lnkd.in/egBwsVMP 🔗🚨
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SME and Trade Consultant I (International) Business and Management Advisor I Entrepreneur
Indeed the money Africa needs is there. We just need a financial paradigm shift that works for Africa. See the 2024 Forum Report of the Mo Ibrahim Foundation for more details on about Financing Africa. https://lnkd.in/em2RpD7E
🚨We are excited to announce the long-anticipated launch of our 2024 Forum Report: #FinancingAfrica: Where is the Money? 💰 Africa’s progress on key climate and development goals, including the United Nation’s SDGs and the African Union’s Agenda 2063, is severely behind and the financing gap to achieve these remains staggering. 📈 Including the latest available data as well as a range of expert contributors, the report delves into how processes within the international financing system are depriving the continent of necessary funds. It goes on to assess the challenges Africa is facing in mobilising its own resources, including the scale of losses from tax incentives and illicit financial flow leakages. 🌍 In conclusion, the money to address Africa's challenges is there: what we need is a complete financing paradigm shift. 💱 Read more about #FinancingAfrica here 👇🏽: 🚨 https://lnkd.in/egBwsVMP 🔗🚨
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This is the publication on Financing Africa: Where is the money?
🚨We are excited to announce the long-anticipated launch of our 2024 Forum Report: #FinancingAfrica: Where is the Money? 💰 Africa’s progress on key climate and development goals, including the United Nation’s SDGs and the African Union’s Agenda 2063, is severely behind and the financing gap to achieve these remains staggering. 📈 Including the latest available data as well as a range of expert contributors, the report delves into how processes within the international financing system are depriving the continent of necessary funds. It goes on to assess the challenges Africa is facing in mobilising its own resources, including the scale of losses from tax incentives and illicit financial flow leakages. 🌍 In conclusion, the money to address Africa's challenges is there: what we need is a complete financing paradigm shift. 💱 Read more about #FinancingAfrica here 👇🏽: 🚨 https://lnkd.in/egBwsVMP 🔗🚨
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I'm thrilled to share my contribution to the Mo Ibrahim 2024 Report titled "Financing Africa; Where is the Money?" My focus was on attracting Foreign Direct Investments (FDI) into sectors beyond the extractive/mining industries. Africa's abundant resources have predominantly drawn FDI into the extractive sector due to geopolitical shifts and technology trends favoring metals and minerals. However, it's crucial to diversify and attract investments in other areas to ensure sustainable economic growth. Key recommendations for governments to foster this diversification include: Creating Business-Friendly Conditions: Reduce bureaucratic obstacles and implement proactive investment measures. Zambia's Office for Promoting Private Power Investments (OPPPI) is a prime example of a successful initiative aiding businesses with research, project identification, and permit acquisition. Providing Targeted Incentives: Offer tax breaks, investment grants, or preferential treatment for investors in non-extractive sectors. These measures can significantly enhance the attractiveness of these sectors. Promoting Potential Growth: Highlight the profitability and growth potential of various sectors through marketing campaigns, roadshows, and investor forums. For instance, Africa's vast solar resources present immense opportunities in the energy sector, yet the continent has only harnessed 1% of its solar photovoltaic (PV) capacity. I believe that these strategies (if implemented) have the potential to shape the future of FDI in Africa. See further details in the report. #FDI #AfricaInvestment #EconomicGrowth #MoIbrahimReport #FinancingAfrica
🚨We are excited to announce the long-anticipated launch of our 2024 Forum Report: #FinancingAfrica: Where is the Money? 💰 Africa’s progress on key climate and development goals, including the United Nation’s SDGs and the African Union’s Agenda 2063, is severely behind and the financing gap to achieve these remains staggering. 📈 Including the latest available data as well as a range of expert contributors, the report delves into how processes within the international financing system are depriving the continent of necessary funds. It goes on to assess the challenges Africa is facing in mobilising its own resources, including the scale of losses from tax incentives and illicit financial flow leakages. 🌍 In conclusion, the money to address Africa's challenges is there: what we need is a complete financing paradigm shift. 💱 Read more about #FinancingAfrica here 👇🏽: 🚨 https://lnkd.in/egBwsVMP 🔗🚨
