Magazine: Edition 1
In this edition we cover interesting topics. Read Stories...
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Scaling debt-for-climate swaps to finance Climate Action
With Africa requiring over $300 billion annually for climate adaptation, policymakers and government officials meeting at a high-level event on the sidelines of the Africa Climate Summit in Nairobi, have called for the implementation of innovative mechanisms to unlock climate financing. The event cohosted by AfriCatalyst and Open Society Foundations...
Igniting African Development through Regional Digital Investment.
In recent years, Africa has witnessed remarkable progress in harnessing the power of the digital realm to drive economic growth and foster innovation. From the bustling tech hubs of Nairobi and Lagos to the remote villages where mobile connectivity is transforming lives; the continent is experiencing a digital revolution that...
Afreximbank's Africa Trade Gateway to Transform Intra-Africa Trade.
The African Export-Import Bank (Afreximbank) has launched the Africa Trade Gateway (ATG), a suite of five digital platforms that have been designed as a single window to enable the Bank better deliver on its mandate by providing critical services to support and promote African trade and the implementation of the...
De- dollarization: Is it time for Africa to look away from trading with the dollar?
The topic of de-dollarization in Africa has been in discourse for a long time now owing to the vast economic challenges the continent is facing. The COVID-19 shocks, Russia’s invasion of Ukraine, the triple planetary crisis have further exacerbated the setbacks further affecting many African nation’s economic recovery....
Increased structural support to boost landlocked developing countries economies
Landlocked Developing Countries, currently experiencing economic and infrastructural challenges, need increased technical and financial support to achieve sustainable development, leaders have called during the High-level Africa regional review meeting of the Vienna Programme of Action (VPoA) for Landlocked Developing Countries (LLDCs) which opened in the Botswana Capital, Gaborone. In a...
Is Africa's digital economy a panacea to its debt distress?
In recent years debt distress in African countries has been accelerated due to the impact of COVID-19 and Russia’s invasion of Ukraine. With public debt and inflation reaching levels not seen in decades, many countries across the continent are reporting double-digit inflation which has eroded household purchasing power and...
Why Sudan's unrest matters to Juba
A little over a month ago, fighting and chaos erupted in Sudan between the forces of two rival generals, killing hundreds of people and pushing over 850,000 people from their homes, igniting a humanitarian crisis and raising fears of a prolonged and unpredictable future for people in the region....
More objective credit ratings could save billions for African countries' development
African ministers, development actors and research institutes gathered on 14 April in Washington DC, on the margins of the 2023 World Bank/IMF Spring Meetings, to discuss the impact of credit ratings on the cost of development finance in Africa. At this meeting, organized by the United Nations Development Programme...
Africa in urgent need of concessional financing, experts urge.
For Africa to build resilience and boost economic growth amidst the ongoing triple planetary crisis, there is an urgent need for individual countries to get highly concessional financing facilities in place to address the huge financing need that countries have which has pushed them into debt experts have warned. During...