Tuesday, November 19African Digital Business Magazine

Tag: African Development Bank

IATF2021 Presents African Fashion: The Journey to the Global Market. A Creative Sector Webinar
10Nov By Africa BusinessNo Comments
Events

IATF2021 Presents African Fashion: The Journey to the Global Market. A Creative Sector Webinar

On November 19th 2020, The Intra-African Trade Fair, (IATF2021) will present an expert panel discussion focused on African Fashion: The Journey to the Global Market. This online event designed for the emerging African Fashion sector is part of a series of digital events supporting the creative programme that will take place at the second edition of the Intra-African Trade Fair (IATF2020) in Kigali, Rwanda, from September 6th to 12th, 2021 under the theme “Building Bridges for a Successful AfCFTA” presented by The African Export-Import Bank (Afreximbank), in collaboration with the African Union Commission (AUC) and the Government of the Republic of Rwanda. IATF2021 will include a comprehensive creative programme with fashion being a key pillar. The conversation will focus on some of the key...
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Commitment to sustainability opening doors to post-pandemic capital in Africa
8Nov By Wildu du PlessisNo Comments
Main, Nigeria News, South Africa News

Commitment to sustainability opening doors to post-pandemic capital in Africa

By Wildu du Plessis, Head of Africa, Baker McKenzie The industrials, manufacturing and transport (IMT) sector is being hit hard by COVID-19 disruption, but commitment to sustainability could very well lead the sector to recovery. This is according to Baker McKenzie’s report "Sustainable Success: Exploring environmental, social and governance priorities for industrials through COVID-19 and beyond" which revealed that industrials have taken great leaps forward in relation to environmental, social and governance matters (ESG) in the past decade.  The report outlines how CEOs in the sector have signed up to a new holistic definition of company purpose and most public companies now report on ESG goals. Access to funding is also becoming intricately linked to a commitment to ESG principles, with...
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30Dec By Otavio VerasNo Comments
Burundi News, Kenya News, Main, Rwanda News, Tanzania News, Uganda News

Integration Efforts in the EAC

Otavio Veras, Researcher of the NTU-SBF Centre for African Studies Synopsis The East African Community (EAC) is an economic bloc formed by Kenya, Tanzania, Uganda, Rwanda and Burundi. The countries have a history of cooperation dating back to the early 20th century. In the recent years, they have started various infrastructure projects to improve the connection between its members, ultimately decreasing the cost of doing business and making the bloc more attractive to trade with foreign countries. Singapore is enjoying this opportunity, with investments in the African continent growing at a compound rate of 12% per year[1]; the city-state has traded more than US$400 million with the EAC alone in 2013. Singapore is currently involved in various businesses in the region, ranging from agri...
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13Dec By Africa BusinessNo Comments
African News, South Africa News

African Banking innovation sees AfDB approving multi-currency line of credit of USD 300m

By Thandisizwe Mgudlwa The African Development Bank has extended the equivalent of USD 300 million to FirstRand Bank Limited to support projects across Africa This week an announcement from Tunis, Tunisia, revealed that the African Development Bank has approved a seven-year multi-currency line of credit for an amount equivalent to USD 300 million to FirstRand Bank Limited (FRB) of South Africa to finance a wide range of projects in local currencies and across Africa. And most African countries are characterized by low discretionary rates of domestic savings. As a result, the intermediation capacity of the financial sectors is limited, leading to the gap currently being filled with borrowings denominated in foreign currency. However, this introduces a currency mismatch in the fi...
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12Nov By Africa BusinessNo Comments
African News

Former President of the African Development Bank Babacar Ndiaye to lead Investment Day at this year’s AgriBusiness Forum.

African expert calls on everyone involved in agriculture to step up to the fore for the sake of the entire continent’s development and in the fight against poverty. 12th November 2012, Brussels, Belgium With the AgriBusiness Forum 2012 just around the corner, Babacar Ndiaye, former President of the African Development Bank and founder of the African Business Roundtable (ABR), outlines his demands towards the African and international community to act and establish basic and fundamental financial policies to create real change, after years of debates and establishing potential visions and objectives. “Africa’s agricultural potential cannot induce people into a self-righteous optimism, but should instead incite a responsible and pro-active approach from the sector’s various players because ...
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31Oct By Africa BusinessNo Comments
African News, Democratic Republic of the Congo, Ethiopia News, Kenya News, Rwanda News

Kagame opens African Economic Conference, calls for models that respond to local needs

  ADDIS ABABA, Ethiopia, October 31, 2012/African Press Organization (APO)/ – Rwandese leader, President Paul Kagame today in Kigali opened the 7th African Economic Conference, calling it an opportunity for leading African economists to look beyond purely economic factors for solutions to Africa’s developmental problems. Convened by the Economic Commission for Africa, (ECA), the African Development Bank, (AFDB) and the United Nations Development Programme (UNDP), the three-day conference is focusing on the theme Inclusive and Sustainable Development in an Age of Economic Uncertainty, according to ECA’s Information and Communication Service. He said that analysts might point to issues of governance and lack of sufficient transformational leaders but “the real problem is that our...
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24Oct By Africa BusinessNo Comments
African News, Tunisia News

AfDB hosts a workshop to boost local currency bond market development in Africa

  Few African countries can effectively access capital in their domestic markets TUNIS, Tunisia, October 24, 2012/African Press Organization (APO)/ – The African Financial Markets Initiative (AFMI), managed by the African Development Bank (AfDB) (http://www.afdb.org), hosted a Pan-African Stakeholder Workshop from October 22 to 24, 2012, at the Ramada Plaza Hotel in Tunis. The workshop offered a unique opportunity for policymakers and market participants to share experiences and contribute to discussions on critical issues facing the development of local currency bond markets in Africa. Logo: http://www.photos.apo-opa.com/plog-content/images/apo/logos/african-development-bank.jpg In contrast to other regions in the world, few African countries can effectively access capita...
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8Oct By The African Press OrganizationNo Comments
African News

Officials to deliberate a business plan to implement the African Mining Vision

  ADDIS ABABA, Ethiopia, October 8, 2012/African Press Organization (APO)/ – The joint partnership of the African Union Commission, the Economic Commission for Africa and the African Development Bank has hailed today’s meeting of the Bureau of the Second Conference of AU Ministers Responsible for Mineral Resources Development as “an important milestone in implementing the Africa Mining Vision.” Convened by the Ethiopian Minister of Mines, Sinkinesh Ejigu, in her capacity as Chair of the Bureau of Ministers responsible for Mines, the 8-9 meeting aims to discuss a Business Plan aimed at establishing the African Minerals Development Centre (AMDC), according to Stephen Karingi, Director, Regional Integration and Trade Division, ECA. “We are all only too aware that despite Africa’s rich ...
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8Oct By Africa BusinessNo Comments
African News

World Bank Launches New Fund to Help African Countries Negotiate Best-Possible Deals for their Oil, Gas, and Minerals

PARIS, October, 2012―With new discoveries of oil, gas, and other minerals generating a wave of significant mineral wealth in African countries, the World Bank today launched a new fund to help countries on the continent level the playing field and ensure equitable deals in their natural resource contracts with international companies. With Africa holding 15% of the world’s oil reserves, 40% of its gold, and about 80% of the platinum group of metals, natural resources represent important development opportunities for the continent. For example, oil production has been growing steadily in Africa, and is expected to continue to rise at an average rate of six percent per year for the foreseeable future. At the 40th Anniversary Meeting of the Zone Franc Monetary Union in Paris today, attended b...
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26Jul By Africa BusinessNo Comments
African News, South Africa News, Zambia News

Regionalism

  by Chikomborero Dengu (chikodengu @ gmail.com) Regionalism (Microsoft Word) Introduction There is an increasing recognition for the need to improve the political and economic environment of a country or region via collective action . This recognition is borne out of the realisation that countries or indeed regions are competing with themselves for scarce resources . This essay intends to dissect the concept of new regionalism and whilst briefly looking at how it has evolved .  With reference to the last point this paper will attempt to link the concept of new regionalism to the recent surge in Regional Trade Agreements (RTA).[1] The crux of this essay however lay in establishing the reasons for increases in RTA’s , that is to say both economic and political positives of jo...
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