Browsing: Sustainable Development In Africa

• Small and medium enterprises have become vital drivers of economic growth in African countries.
• According to the African Development Bank Group, SMEs in Africa represent around 90 per cent of all businesses and contribute up to 33 per cent of Africa’s Gross Domestic Product (GDP).
• Access to capital is one of the biggest obstacles small and medium enterprises face in Africa.

Small and medium enterprises (SMEs) in Africa play a vital role in fostering sustainable development. With 90 per cent of all global businesses falling under the MSME category, these enterprises create employment, foster innovation, and contribute to gross domestic product (GDP) growth.

In recent years, small and medium enterprises have become vital drivers of economic growth in African countries. As the continent undergoes rapid development, these enterprises foster innovation, create jobs, and contribute to economic growth.

Small and medium enterprises form the bedrock of African economies, representing various …

• The upcoming US-Africa green and sustainable financing forum in Côte d’Ivoire aims to mobilize funding for infrastructure projects across Africa.
• Set for March 19–20, the workshop will feature industry leaders, US technical experts, and key financiers.
• The event highlights the critical need for renewable energy funding models, financing mechanisms, and regulatory and policy reforms to facilitate the growth of green and sustainable infrastructure.

To foster sustainable development in Africa, the United States Trade and Development Agency (USTDA) is joining forces with the African Development Bank Group to host the US-Africa Green and Sustainable Financing Workshop.

Set to go down in Abidjan, Côte d’Ivoire, on March 19–20, 2024, this event is poised to bring to the forefront the pressing need for green and sustainable infrastructure projects across the continent.

The workshop, a convergence of industry leaders, explores innovative financing models that can support Africa’s journey towards a resilient and sustainable future.…

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.…

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” 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 …