Tag Archives: finance
Blockchain, the digital ledger that underpins cryptocurrency Bitcoin, is a software platform for digital assets; a clever piece of distributed database technology, which is waging a silent revolution that could take it way beyond its financial roots to radically change the way our society works.
Africa Finance Corporation (AFC) has announced that a plan to invest 205 million USD in Guinea as an effort to help boost mineral exploration in the country through Alufer Mining Company (a Guinea based mineral exploration company) at their high grade bauxite reserve, Bel Air mine. The Bel Air mine is targeting release its first production by 2019 with an expected 10 million tonnes a year. The global bauxite supply is currently falling deficit to growing demand and thus, the development of AFC will increase production to contribute to global demand.
Ghana might face charges from International Monetary Fund (IMF) as the country’s economic figures seems fishy, says the new government. The new government, led by the Vice President had announced that the previous government – the National Democratic Party (NDC) has refused to account for a 7 billion Ghana Cedis which was spent during their term in government. However, the NDC government and the current minority in parliament, claims that the money was being used for an ongoing initiative on government contracts and expenditure which forms part of the Ghana Integrated Financial Management Information System. They furthered to express that it is of their expectation to see the current government continue that initiative.
Living the FATCA life in Africa: New U.S. tax regulations add to burden of compliance on financial institutions across Africa
DC Finance’s CEO will be visiting NYC from June 17thto promote the East Coast Family Office & Wealth Management Conference and the firm’s institutional investment, corporate finance, going public and family office events in Israel. Available for meetings
DC Finance, the manager of one of the world’s largest Family Office events, ( www.israelwealth.com), is proud to present the East Coast’s top HNWI & SFOs wealth management event – The Annual East Coast Family Office & Wealth Management Conference, OCT 2nd, at the Union League Club, New York City ( www.nyc-wealth.com).
Seventeen years from now, half the global stock of capital, totaling $158 trillion (in 2010 dollars), will reside in the developing world, compared to less than one-third today, with countries in East Asia and Latin America accounting for the largest shares of this stock, says the latest edition of the World Bank’s Global Development Horizons (GDH) report, which explores patterns of investment, saving and capital flows as they are likely to evolve over the next two decades.
Developing countries to dominate global saving and investment, but the poor will not necessarily share the benefits, says report
- Developing world’s share of global investment to triple by 2030
- China, India will be developing world’s largest investors
- Boost to education needed so poor can improve their well-being
Global Development Horizons 2013: Capital For the Future from WB_Research
In less than a generation, global saving and investment will be dominated by the developing world, says the just-released Global Development Horizons (GDH) report.
Made In Africa Foundation
The Made In Africa Foundation is a charitable organisation, established to support strategic infrastructure projects and create sustainable solutions to some of Africa’s most pressing problems. It works to support technical feasibility studies, to kick start key infrastructure developments and to engage the African diaspora in innovative fund-raising activities. The Foundation was founded in 2011 by international designer Ozwald Boateng OBE, and Nigerian businessman Kola Aluko, and is supported by Atlantic Energy.
ABIDJAN, Côte d’Ivoire, May 15, 2013/African Press Organization (APO)/ – We, the African Development Fund’s Governors, Planning and Finance Ministers from Côte d’Ivoire, Ghana, Guinea, Liberia, Senegal and Sierra Leone attended the ADF-13 Presentation Workshop on the Fund’s Priorities and Operational Strategies, in Abidjan, May 14, 2013.
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. In FY12, our investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges. For more information, visit http://www.ifc.org.
YAOUNDE, Cameroon, May 15, 2013/African Press Organization (APO)/ – An International Monetary Fund (IMF) mission, led by Mr. Mario de Zamaróczy, visited Cameroon during April 29–May 14, 2013 to conduct the 2013 Article IV Consultation. The mission met with Prime Minister Philémon Yang, Minister Secretary General at the Presidency Ferdinand Ngoh Ngoh, Minister of Finance Alamine Ousmane Mey, Minister of Economy, Planning, and Territorial Development Emmanuel Nganou Djoumessi, several other ministers, the Vice Governor and the National Director of the Bank of Central African States (BEAC), other senior officials, and representatives of the private sector, labor unions, civil society organizations, and development partners. The discussions focused on recent economic and financial developments, the 2013 budget, and the economic outlook for 2013 and beyond. At the end of the mission, Mr. de Zamaróczy issued the following statement:
ABIDJAN, Côte d’Ivoire, May 14, 2013/African Press Organization (APO)/ – IFC, a member of the World Bank Group, and The MasterCard Foundation today convened key financial industry players to build further momentum for mobile financial services in Cote d’Ivoire. The event recognized the market’s enormous potential, especially for increasing access to finance for low income households, small scale businesses and in hard-to-reach areas.