Africa Markets

African Development Bank 2020 Annual meetings: Building Africa back better after the COVID-19 pandemic 

For the first time in the history of the African Development Bank, its Annual Meetings will be held virtually to comply with the COVID-19 pandemic-related social-distancing guidelines.  The Governors’ Dialogue and the election of a president will be top of the agenda of the upcoming Meetings scheduled for 26-27 August 2020.  This year, which marks […]

Africa Markets

Digital Finance Is the Key to Post-Pandemic Development

Patrick Njoroge NAIROBI – “We are experiencing the sharpest decline in per capita income since 1870,” United Nations Secretary-General (UNSG) António Guterres pointed out in a recent speech, warning that the COVID-19 crisis has put 70-100 million people at risk of being pushed into extreme poverty. Preventing that outcome will require concerted and comprehensive action to reboot and rebuild the […]

Africa Markets Opportunities

African Union Commission inaugurates AfCFTA permanent secretariat as launchpad for Africa’s economic transformation

Abidjan, Côte d’Ivoire, 18 August 2020 – At a ceremony on Monday to commission the permanent secretariat of the African Continental Free Trade Area (AfCFTA), Ghana’s President Nana Akufo-Addo and Moussa Faki Mahamat, chairperson of the AU Commission, reiterated the importance of the body to the continent’s economic transformation agenda. “The economic integration of Africa will […]

Africa Markets

Nigeria Takes Step to Stop US$15.7B of Illicit Flow through Financial Systems

August 13, 2020 – Washington, D.C. – As a leader in the Open Government Partnership (OGP) Steering Committee, Nigeria is taking critical steps to tackle corruption and money laundering by enhancing corporate accountability and transparency through a new registry disclosing persons with significant control of companies. President Muhammadu Buhari signed the new beneficial ownership registry […]

Africa Markets Opinions

Tough times for Africa’s Coffee Farmers – Billions to be Lost to Exploitation

Millions of Africa’s coffee farmers have slipped into abject poverty caused by poor prices which are currently barely enough to cover production costs while the rest of the coffee supply chain players enjoy rising profits. The African farmer produces some fine quality coffee, but receives the lowest prices of all growers, globally. African coffee farmers […]

Markets Opinions

Explaining China’s Economic Resilience

Zhang Jun SHANGHAI – Widespread lockdowns and border closures aimed at combating the COVID-19 pandemic have interrupted global supply chains and largely paralyzed the global economy. Yet, the real weakness of today’s global economy is not the vulnerability of its globalized production networks, but rather souring attitudes toward globalization – and toward China in particular. […]

Africa Markets

African Energy Chamber Calls for Extension and Compliance with Production Cuts Ahead of Next OPEC Meetings

Along with gradual reopening of global economies, production cuts are pushing prices back to $40/barrel much quicker than initially thought JOHANNESBURG, South Africa, June 5, 2020/ — As OPEC prepares to host the 179th Meeting of the OPEC Conference and 11th OPEC and non-OPEC Ministerial Meeting via videoconference next week, the African Energy Chamber is […]

Africa Markets

African equity capital markets activity see increase in domestic investors

African equity capital markets activity see downward turn, but increase in domestic investors – Making Finance Work for Africa partnership and PricewaterhouseCoopers (PwC) Nigeria The Making Finance Work for Africa (MFW4A) partnership and PwC Nigeria co-hosted a webinar to explore the impact of COVID-19 on African capital markets last month ABIDJAN, Ivory Coast, June 3, […]

Industry Markets

Standard Chartered appoints new Head of Corporate Finance for Africa and the Middle East

Along with his new responsibilities as Head of Corporate Finance, AME, Abbas’ will also expand his role as Head of Project & Export Finance DUBAI, United Arab Emirates, June 2, 2020/ — Standard Chartered (www.SC.com) has announced that Abbas Husain has been appointed Regional Head of Corporate Finance, Africa and the Middle East (AME). Bringing […]