Tag Archives: africa Finance sector

Top Finance News Africa 2017

Below is the latest Africa Finance news aggregated from top  business and news portals  for 2017.

http://www.africanbusinesscentral.com/

Kenyan President Uhuru Kenyatta recently laid the foundation stone for what will be the tallest building in Africa in the Upper Hill neighborhood of Nairobi. Construction is underway at the development site, and slated for completion by December 2019.

The ambitious project will see twin glass-facade towers rise above the city, the larger standing at 300 meters tall, far surpassing the continent’s current leader — Johannesburg’s 223-meter Carlton Centre.

Work begins on the tallest skyscraper in Africa

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This year’s G20, led by Germany’s Chancellor Angela Merkel, should be commended for prioritising African development.

Africa is home to all ten countries with the highest fertility rates in the world and this population boom will further strain governments already struggling to meet the needs of their people.

An estimated 22.5 million jobs per year will need to be created to meet the demand of this African youth explosion, a demographic with the same energy, dynamism and ambitions as their peers in developed nations.

They can show their commitment to a true partnership with Africa by delivering game-changing EU anti-money laundering regulations that prevent the criminal and corrupt from hiding behind anonymity and stealing Africa’s future from its people. Because failure to do so could undermine all their other efforts to help Africa prosper.

Op-ed: Nigeria’s Acting President Yemi Osinbajo to G20: It’s time to move beyond pledges to back Africa’s future

 

 

https://www.bloomberg.com

South Africa’s ruling party has proposed that the central bank should be wholly state-owned rather than an institution with private shareholders.

The move opens a second front challenging the central bank’s established status just two weeks after Public Protector Busisiwe Mkhwebane attempted to instigate a change in its mandate. She instructed Parliament to amend the constitution to make the Reserve Bank focus on the “socioeconomic well-being of the citizens” rather than inflation, prompting a drop in the rand as investors viewed her action as a threat to its independence.

 

https://www.bloomberg.com/news/articles/2017-07-05/south-africa-s-anc-said-to-propose-central-bank-be-state-owned-j4qwo8ka

 

Japanese investment in Africa

Japan  to increase investment in africa

According to various reputable forecasters, the African economy is expected to grow by more than five percent during 2012/13, while its total Gross Domestic Product (GDP) is expected to reach US$2.6 trillion by the year 2020.

Japan is keen to invest “billions of dollars” in minerals and infrastructure in Africa, trying to catch up to regional rivalChina for influence on the continent, a Japanese trade officials have commented.

japanese investmetn in africa

Japanese trading firms such as Mitsui & Co, Mitsubishi Corp and Itochu Corp have been in Africa for years.

Japan is currently among  the top 5 as South Africa’s trading partner, with two-way trade of nearly R90-billion recorded in 2011. The balance is also in South Africa’s favour, with exports to Japan in 2011 having been R55.6-billion as against imports of R34.3-billion.

Japan is already participating in a uranium project in Namibia and manganese and platinum projects in South Africa. (Editing by Jon Herskovitz and Keiron Henderson)

Finance for africa countries and organisations

AFC offers a unique value proposition as an Africa-focused bank covering complimentary service areas. These are: project development, technical advisory, principal investing and financial advisory services. – http://www.africafc.org

africa finance markets  sector

Making Finance Work for Africa nations

Making Finance Work for Africa takes a panoramic view of Africa’s financial systems, both at the large scale (“finance for growth”) and the small scale (“finance for all”). Things are changing for the better in African finance. Finance can be a leading sector in transforming African economies—by opening up business opportunities to a wider clientele and by channeling larger resources more effectively.

The Making Finance Work for Africa (MFW4A) Partnership is a G8 initiative launched in October 2007. The Partnership brings together donor partners, African governments, the private sector, and other financial sector stakeholders with the aim of unleashing the full potential of Africa’s financial sector in order to drive economic development and reduce poverty

Financial sector development ranging from access to finance to Capital Markets.

Major Activities in 2011-2012/
  • Organization of Second MFW4A Partnership Forum (in Q4 2011);
  • Launch and dissemination of MFW4A publication „Financing Africa: Through the Crisis and Beyond;
  • Initiate one Making Finance Work for a Specific Country program

Housing finance (HF) in Africa is provided by financial institutions including primary mortgage institutions, development finance institutions, commercial banks and microfinance institutions. – http://www.mfw4a.org/

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