Tag: Economic Development
Summary of 27th AU Summit Decisions: tax imports to finance AU; establish Protocol to issue African passports to citizens; and CFTA
23 Aug 16 NewsThe Twenty-Seventh Ordinary Session of the Assembly of the African Union (AU) in Kigali, Rwanda, ended on an extremely high note. It was hailed by many, including the Chairperson o...
EAC should ‘promote uniform laws on financial inclusion to spur growth’
22 Aug 16 NewsThe East African Community (EAC) needs a strong and uniform regulatory framework that promote financial inclusion to ensure sustainable growth in the region, experts say.
Prof Lem...
Develop mobile money infrastructure to raise financial inclusion, EAC told
16 Aug 16 NewsEast African Community states need to develop rural infrastructure (especially electricity and ICT) to enhance mobile phone penetration and facilitate its use.
The call was made b...
The 2016 Brookings Financial and Digital Inclusion Project Report: Advancing equitable financial ecosystems
10 Aug 16 NewsNew Brookings report highlights advances in financial and digital inclusion
Utilizing quality, affordable formal financial services effectively enables individuals to save for the...
Developing countries show world way forward on green finance
04 Aug 16 NewsDeveloping countries such as Kenya, Bangladesh and Jordan are leading the world on green finance, which is essential to meet the world's sustainable development aspirations, accord...
Financial systems in new middle-income African economies: The opportunities and the risks
26 Jul 16 NewsThis paper examines the possible implications for the financial systems of low-income African economies and in particular Tanzania of their stated aspiration to achieve middle-inco...
G20 ‘breakthrough’: finance chiefs agree to keep tabs on economic reform
25 Jul 16 NewsBroad consensus on framework to assess structural improvements, but differences remain between US and China
The world’s top economic policymakers have agreed upon a set of indic...
UNCTAD warns on debt: Africa should find new ways to finance development
22 Jul 16 NewsAfrican Governments should add new revenue sources to finance their development, such as remittances and public-private partnerships, and clamp down on illicit financial flows, an ...
Sub-Saharan Africa’s economic downturn and its impact on financial development
18 Jul 16 NewsGlobal GDP growth rate was 3.1% in 2015 and – before the Brexit shock – was forecast at 3.4% in 2016 and 3.6% in 2017. This is being driven by a weak and uneven ...
Strengthening Côte d’Ivoire’s financial sector to ensure sustainable growth
15 Jul 16 NewsFinancial services in Côte d’Ivoire: Banks set aside in favour of mobile money
Côte d’Ivoire has been enjoying an economic upturn since the return of political stabili...
Mozambique sees growth slowing, austerity measures needed – finance minister
08 Jul 16 NewsMozambique, reeling from a sovereign debt crisis, sees 2016 economic growth slowing to 4.5 percent from initial forecasts of 7 percent and needs to bring in austerity measures in a...
SADC finance and economy ministers in Gaborone for peer review meetings
01 Jul 16 NewsTrade, industry, finance and investment ministers from the Southern Africa Development Community (SADC) have started a series of regional development peer review meetings which wil...
Zambia can beat the economic slowdown by making every kwacha count
22 Jun 16 NewsZambia is facing tough conditions for growth. Despite the current slowdown, investment in mineral and non-mineral sectors in the country remains attractive. This is according to th...
The Kenyan financial transformation, 2000-2015
21 Jun 16 NewsGiant leaps in financial inclusion driven by private sector innovation and supportive regulation have made Kenya a case study in financial sector development. A new book brings tog...
East Africa Treasuries’ headache: Subdued trade, shaky financial markets
07 Jun 16 NewsGlobal growth data show that East Africa had the sharpest fall in economic performance in 2015, a year when low commodity prices, subdued trade and instability in financial markets...
ECOWAS in financial distress as economy worsens in member countries
31 May 16 NewsThe Economic Community of West African States (ECOWAS) has come under intense financial distress that is threatening to bring some of its statutory functions and projects to a halt...
Launch of the Partnership on Illicit Finance National Action Plans
30 May 16 NewsMembers of the Partnership on Illicit Finance (PIF) met alongside the African Development Bank at the Bank’s Annual Meetings in Lusaka, Zambia, to publish national acti...
Financial services in the TPP and the interests of developing countries
25 May 16 DiscussionAshly Hope, tralac Research Advisor, comments on the potential impact of the Trans-Pacific Partnership Agreement for developing country economies, in particular regarding fina...
World Bank Botswana Country Partnership Framework 2016-20
24 May 16 NewsThis document details the scope and the main elements of the Country Partnership Framework (CPF) with the Republic of Botswana for FY16-20.
The previous Country Partnership Strate...
G-7 finance leaders reject coordinated action to revitalize global economy
23 May 16 NewsFinance leaders from the Group of Seven industrial nations failed to find ways to take coordinated action to revitalize the global economy as they wrapped up a two-day meeting in S...