September 15 will mark the three year anniversary of the now infamous collapse of Lehman Brothers. In its wake came a string of high profile bankruptcies and nationalisations across the developed world, with governments pumping as much as $1,000bn into financial markets to avoid a wholesale collapse of the global financial system. These actions, we are told, pulled the world back from the brink.
Bob Collymore in his office in Nairobi, Kenya Photo: Sarah Elliott
“We started to focus on data and what data can do for ordinary Kenyans – and we believe in the same way as we democratised voice for Kenya, we are about to democratise data for Kenyans”
Marco Farani Photo: ABC
“You cannot stay completely silent if you see that your neighbour needs your help. The real motivation is the fact that we can and should help other countries in areas where they think we can help”
Down to business
The European Union continues to be Africa’s most important strategic commercial partner, yet a failure to turn policy rhetoric into action in Brussels could leave it struggling to adapt its cooperation model to new realities on the continent
Microfinance is touted as a way of lifting people out of poverty, yet its benefits are often assumed rather than proven and new economic trials are putting these claims to the test
A seat at the table
With south Africa’s membership of the Brics, the continent now has formal representation amongst the world’s leading emerging markets
West Africa has emerged as a major hub for trans-Atlantic drug trafficking between Latin America and Europe, prompting warnings that the region could Mirror countries such as Mexico
Plans to create a “Grand Free Trade Area” covering half of Africa could mark an important step towards strengthening the continent’s international competitiveness, but some suggest it may be overambitious
The call from home
Encouraged by greater economic and political stability, African professionals living and working abroad are seeking out investment opportunities across the continent
Sheltering the most vulnerable
Six months from now, the world’s leaders will gather in Durban, South Africa, for yet another round of negotiations on the challenges and opportunities posed by climate change – who is responsible for the phenomenon, what should be done to address its effects, who should pay for the necessary adaptation and mitigation measures, how much and to whom the bill is due?
Stephen Hayes - President and CEO of The Corporate Council on Africa
“There’s a definite tie between improving the African economy and improving the American economy”
M&A and Investment Flows Binding Emerging Markets
About two millennia ago, ancient Chinese architects used sweet sticky rice soup mixed with lime to make a mortar that gets stronger and stronger with time. Many of the buildings they put up are still standing today. More recently, China and the other Bric countries – Brazil, Russia and India – have been playing an even larger role in binding the world’s emerging markets.
Sovereign bonds integral to growth
Sovereign Bond issues have historically been limited to the more developed economies in Northern Africa and South Africa. But as sub-Saharan economies develop more robust fiscal, institutional and regulatory environments, more economies are tapping into international capital markets.
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“There is a regional consensus that the crisis cannot be allowed to affect regional development”
“Africa probably has more resources than any place you can imagine”
“There can never be soft touch regulation. But it has to be regulation that is not arbitrary. The direction needs to be clear”
“Africa has lots of potential – raw materials and young people – but it needs FDI”