Anglophone West Africa’s brightening economic prospects

The economic forecast for Anglophone West Africa is looking brighter according to analysis by Ecobank’s research team in the newly published Anglophone West Africa section of its flagship financial website, Africa FICC. Nigeria, Africa’s largest economy, is at last moving out of recession, Ghana’s growth continues to be strong, and the region’s smaller countries are picking up as they shake off the lingering effects of the Ebola outbreak in 2013-16.
8 months ago

Call for Applications: GovHack on Economy & Society for the cities of Jakarta and London

Startups applying to this challenge should be utilizing big data applications and predictions to help improve decision making and analytics and help improve human wellbeing.
Applications are closed
8 months ago

The Sahel Alliance Announces the Implementation of Over 500 Projects for a Total Amount of EUR 6 billion

The Sahel Alliance will take action in six priority sectors: youth employment, rural development and food security, energy and climate, governance, decentralization and access to basic services, and security.
10 months ago

Commodity-dependent developing countries need to boost efforts to diversify their economies

According to the report, policies that can promote inclusive growth over the next 15 years include economic diversification, expanding the linkages between the commodity sector and the national economy, adopting countercyclical expenditure policies which build commodity revenue buffers during price upswings to use them during downswings, adding value to raw commodities, and investing in social protection, health and education.
a year ago

UN forum in Bahrain Call for the Integration of Entrepreneurship and Innovation for Sustainable Development

A United Nations forum on sustainable development concluded today in Bahrain with a strong call for the integration of entrepreneurship and innovation in all economic and social dimensions as key strategies to implement the Sustainable Development Goals.
a year ago

China will spend 720 billion USD on Infrastructure from 2016-2018

China's infrastructure spending plan is not comparable to the 2008 stimulus, a J.P.Morgan economist claims. The Ministry of Transport and the National Development and Reform Commission has announced that 4.7 trillion yuan ($720 billion) will be spent on infrastructure from 2016-2018, covering 303 projects.
3 years ago

New World Bank Group Facility to Enable more than $1 billion for Women Entrepreneurship

The World Bank Group today announced the creation of an innovative new facility that aims to enable more than $1 billion to advance women’s entrepreneurship and help women in developing countries gain increased access to the finance, markets, and networks necessary to start and grow a business.
a year ago

Nigeria's naira: moving to a flexible exchange rate

Policy-makers should focus on freely floating the naira, if reserve depletion is to be stemmed and the new regime is to gain credibility and catalyse inward investment.
2 years ago

German Government unveils Marshall Plan for Africa with Focus on Entrepreneurship, Private Sector, Renewable Energy and Green Growth

The blueprint proposes a "new level" of equal cooperation between Africa and western countries in areas such as education, trade, business development and energy. It also calls for better and more equitable market access for African exports, an end to illicit financial flows from Africa and tax evasion by multinational companies.
2 years ago

Indonesia needs Strategy to develop its Financial Market, Minister of Finance

Together with Bank Indonesia and the Financial Services Authority, the government considers the importance of this synergy, one of which is realized by coordination between these institutions. From the data, the Indonesia's financial market is still relatively low compared to neighboring countries.
3 years ago

AfDB and Japan Announce US$3 Billion Private Sector Development Initiative to Boost Growth and Reduce Poverty in Africa

Japan will target to provide US$ 1.5 billion over 3 years through the Japan International Cooperation Agency (JICA). The AfDB expects to finance at least an equal amount. On top of this, Japan is ready to provide an additional special allocation of US$ 300 million for co-financing with the AfDB to help African countries access the best low emitting clean coal technologies available.
2 years ago

AfDB approves US $90-million financial package to boost Commercial Bank of Africa’s funding of SMEs in Kenya and grow Trade Finance in Africa

This intervention will contribute to CBA’s efforts to broaden access to its services, thereby reducing financing constraints faced by SMEs and local corporates in Kenya whilst also reducing Africa’s trade financing gap. The package will promote private sector development as well as support broad-based economic growth.
2 years ago

The Unexplored Potential of Trade in Services in Africa

Novel data collection methods such as crowdsourcing and mystery shopping, pioneering knowledge transfer practices and experiences with innovative policy reforms applied to both modern and traditional services sectors are explored to draw attention to available assessment tools and policy instruments for possible refinement and broader application across sectors.
2 years ago

Startups in India - Growth, Challenges and Opportunities

India has grown by leaps and bounds, registered tremendous growth and achieved a global power status, which is miraculous considering the fact that we are a democracy with a large population. And being a country of 1.2 Billion brings with it tremendous opportunities and we are at the cusp of creating global history with the renewed enthusiasm of our young population that is taking on the challenge of our own system, the prowess of world's innovation centers, the limited resources and our traditional low risk culture.
3 years ago

Economic Development in Africa Report 2016

This report analyses Africa’s international debt exposure and how domestic debt is increasingly playing a role in some African countries as a development finance option. It also examines complementary financing options and how they relate to debt.
2 years ago

ADB Approves $631 million in loans and grants to Build India’s First Coastal Industrial Corridor

The Indian government is keen to encourage manufacturing, including through its “Make in India” initiative, to maintain strong economic growth over the longer term and to create productive, well-paying jobs for a labor force that is growing by around 12 million people per year. Currently, manufacturing provides around 15% of India’s gross domestic product (GDP) and around 12% in Andhra Pradesh where the new corridor will be developed. India’s National Manufacturing Policy is targeting manufacturing contributing at least 25% of GDP by 2022, much the same as in the People’s Republic of China, Malaysia, and Viet Nam now.
2 years ago

The Technology sector has overtaken the Financial sector in PwC’s Global Top 100

Apple retains pole position for the 6th year in a row, and this year again clearly pulled ahead of the second ranked Alphabet, managing to double the valuation gap to $175bn from $86bn last year. Alphabet briefly dethroned Apple in February 2016. It is particularly remarkable as Apple also returned more cash to shareholders, with another $29bn handed back to investors in dividends and share repurchases in calendar year 2016 ($42bn was distributed in calendar 2015). Alphabet only returned $4bn in 2016.
a year ago

China’s Economic Transition set to Boost Asian Integration despite Slower Trade Growth

The report said that China's future industrial upgrade through innovation will enhance its position in the global value chain as rising production costs and labor costs in the country may weaken its position as the 'world's factory.'
3 years ago

Industrial Commodity Prices to Rise in 2017: World Bank

Prices for non-energy commodities, which include agriculture, fertilizers, and metals and minerals, are forecast to increase in 2017, the first rise in five years. Metals prices are projected to jump 16 percent this year due to strong demand, especially from China, and supply constraints, including mine disruptions in Chile, Indonesia and Peru.
2 years ago

Panama forecasts Latin America's Highest Economic Growth rate for 2017

Panama's Ministry of Economy and Finance has announced that it projects the country's economic growth for 2017 at 5.8%, the highest rate among all Latin American economies, thanks to strong performance in a variety of sectors including construction, mining, finance, and public services, as well as public infrastructure and energy generation.
2 years ago

The Africa Competitiveness Report 2017 : Addressing Africa’s Demographic Dividend

The report finds that the ability of Africa’s economies to generate enough jobs for its young and growing population rests on the successful implementation of urgent structural reforms to boost productivity. Competitiveness is defined as the set of institutions, policies and factors that determine the level of productivity, and hence future prosperity, of a country.
2 years ago

AfDB approves €5 million Equity Investment to support Small Businesses in sub-Saharan Africa

IPDEV.2 plans to launch 10 investment funds in selected Low Income Countries through which it will provide equity, quasi equity and debt to more than 500 SGBs with investment needs ranging from € 30,000 and € 300,000 over the next decade translating to 15 000 jobs to be created of which 30% will be for women. IPDEV.2 is a 3rd generation investment company which provides financial and technical assistance to SGBs which cannot access classic lenders as they are seen to be too risky despite being great drivers of development and inclusive growth.
2 years ago

Most promising Growth Industries for Entrepreneurs looking to start a Successful Small Business, SCORE Infographic

SCORE, the nation's largest network of volunteer, expert business mentors, has gathered statistics which identify today's most promising growth industries for entrepreneurs looking to start a successful small business.
2 years ago