Browsing: Sustainable Development In Africa

Financial professionals

Financial professionals must be fit to lead Africa’s inclusive sustainable growth and economic recovery, ensuring the continent’s place in the global arena. This call by the Association of Chartered Certified Accountants (ACCA) comes as the global economic landscape undergoes dynamic shifts. The ACCA emphasizes the importance of accountants being well-equipped to lead this charge and secure Africa’s standing in the international arena.
Their advocacy underscores the integral role that financial professionals play not only in shaping the economic landscape of individual nations but also in fostering a collective, continent-wide approach to sustainable development.…

Saudi Fund for Development

In the ever-evolving world of global finance, oil-rich Saudi Arabia is emerging as a pivotal thread, weaving a narrative of economic collaboration and strategic partnerships. As the Saudi Fund for Development (SFD) unfurls its wings, it has inked a historic $580 million loan agreement with 12 African countries, marking a significant stride in the kingdom’s expanding role on the world financial stage.

Against the backdrop of evolving dynamics, where traditional financiers, especially China, are reassessing their commitments, Saudi Arabia’s ascent becomes a compelling tale of financial diplomacy, poised to reshape the contours of international economic relations. Saudi Arabia is positioning itself not just as a regional powerhouse but as a global player influencing the trajectory of world finance.…

Unstoppable Africa
  • “Unstoppable Africa” is a two-day event organized by the Global Africa Business Initiative (GABI).
  • The event aims to position Africa as a hub for business, trade, and investment.
  • Participants include Presidents, CEOs, investors, policymakers, industry experts, and UN leaders.

Leaders from global business, investment, government, sports, and the arts gathered in New York on Thursday, 21st September to mark the commencement of “Unstoppable Africa”.

This event, organised by the Global Africa Business Initiative (GABI), aspires to amplify Africa’s significance in the worldwide economy. It seeks to position the continent as the ultimate hub for business, trade, and investment.

Unstoppable Africa

Over two days, this event, co-convened by UN Deputy Secretary General, Amina J. Mohamed, and the Chairperson of the African Union, Moussa Faki Mahamat, took place alongside the United Nations General Assembly (UNGA) in New York.

GABI, under the coordination of the UN Global Compact, emerged as a pivotal platform …

Digital economy in Africa, DRC Investment Summit
  • African nation's like Rwanda are investing in top-notch ICT systems
  • Industrialization in Africa is yet a challenge being tackled by most economies
  • Despite the pandemic hitting global economies several African nations stood strong

Follow the numbers they say, if one wants to understand how Africa can go beyond the typical growth trajectory that does not commensurate with its natural capital and human potential to attain economic freedom. Sustainable development is rather crucial for Africa to attain. On that note, efforts such as Africa Continental Free Trade Area (AfCTA) are a tool the region employs to breathe life into that ambition.

Numbers point towards an exciting viewpoint that questions whether Africa can sustain its economic growth without adopting the best available, sustainable economic systems.

The region has been keeping a good track record over the past years. For instance, Tanzania—has become one of the fastest-growing economies in Africa—ascending towards a low-middle-income