Finance

  • Permalink Image Credit: Kay McGowan, USAID via Flickr CC BY-ND 2.0Gallery

    Edward George: ‘Banks are in danger of becoming utilities’

Edward George: ‘Banks are in danger of becoming utilities’

Edward George, Head of Ecobank UK head talks about fintech, the future of payments and trends in digital banking.

As the market for fintech grows in Africa, Ecobank Transnational Inc., a pan-African banking conglomerate headquartered in Togo, has built a digital strategy that includes acquisitions, partnerships and in-house IT development. Having a large network of branches is no longer considered sustainable […]

November 8th, 2017|Business, Featured, Finance|0 Comments|
  • Permalink A woman sits outside a mobile money kiosk in rural Ghana Image Credit: World Remit Comms via Flickr CC BY-SA 2.0Gallery

    Clarence Blay: ‘Ghana has 140,000 mobile money agents versus 1,300 bank branches’

Clarence Blay: ‘Ghana has 140,000 mobile money agents versus 1,300 bank branches’

The Bank of Ghana executive, Clarence Blay, talks about mobile money, financial inclusion, biometric identification, insurance and more.

The most famous mobile payments system in Africa, MPesa, allows users to make payments by sending text messages from simple mobile phones, not necessarily smart ones. The idea has started a new wave of mobile payments and transfers in the continent, and governments are taking steps to […]

November 1st, 2017|Business, Featured, Finance|0 Comments|

The CFA Franc: French Monetary Imperialism in Africa

Ndongo Samba Sylla argues that the CFA franc – officially created on 26 December 1945 by a decree of General de Gaulle – used across much of Africa today is a colonial relic. For those hoping to export competitive products, obtain affordable credit, work for the integration of continental trade, or fight for an Africa free from imperialist control, […]

July 12th, 2017|Featured, Finance|6 Comments|
  • A bird's eye view of Johannesburg
    Permalink Photo credit: Johannesburg, by Lars Haefner, under the GNU Free Documentation License, or the CC BY-SA 3.0 licence, via Wikimedia CommonsGallery

    The Southern African wild card: High foreign debt, weak currencies and default risk

The Southern African wild card: High foreign debt, weak currencies and default risk

Further turbulence may be on the horizon, but this is a market any Africa-focused investor cannot afford to ignore, writes Julians Amboko.

 

The dawn of 2017 seems to have pried open a can of worms in Southern Africa. In just about four months, Mozambique, not too long ago displaying strong economic growth and bullish investor sentiment, has defaulted in servicing a […]

Government Spending: More Harm Than Good?

Africa’s large infrastructure gap and heavy political economy element promotes significant government intervention in erstwhile free markets. It has become increasingly important to assess the efficacy of such government interventions. Following the “Bridging Africa’s Finance Gap” panel at the recently concluded LSE Africa Summit 2017, Stears assesses the welfare costs of government spending, drawing out implications for the cost of […]

  • A Kampala street
    Permalink Credit: flöschen via Flicker (http://bit.ly/1SA3ykP) CC BY 2.0
Gallery

    Book Review: Perspectives on Uganda – Reflections of an ODI Fellow by Prajakta Kharkar Nigam

Book Review: Perspectives on Uganda – Reflections of an ODI Fellow by Prajakta Kharkar Nigam

Linet Juma says that Perspectives on Uganda – Reflections of an ODI Fellow stands out for giving practical examples of how to tailor policy around different contexts and not contexts around policy

 

Perspectives on Uganda – Reflections of an ODI Fellow sets out to provide an alternative narrative about the social and business landscape in Uganda and suggests homegrown solutions […]

A New Vision for Addressing Youth Unemployment in Africa

Marta Santoboni and Alexandra Karlsson highlight the need for a long-term strategy for combating African youth unemployment that incorporates investing in economic upgrading, linkages within domestic economies, strengthening regionalisation and negotiating for more favourable global trade agreements.

Africa’s youth population is expected to double to 830 million by 2050 . Whereas corporate and grey literature cherishes this growth as a […]

The Potential of Diaspora Bonds in Africa

Michael Famoroti takes a look at how the diaspora can work in tandem with African governments.

 

“No money is better spent than what is laid out for domestic satisfaction.” – Samuel Johnson

This equivocal statement may ring true for over 30 million Africans in the diaspora. According to the World Bank, this group remitted over $40 billion to Africa in […]

April 12th, 2017|Featured, Finance|2 Comments|
  • Permalink Some of the loans were for tuna fishing
Photo Credit: Steve Evans via Flickr (http://bit.ly/2jWd6j5) CC BY-NC 2.0Gallery

    Mozambique fell prey to the promise of fabulous wealth – now it can’t pay nurses

Mozambique fell prey to the promise of fabulous wealth – now it can’t pay nurses

Nurses and teachers are among those bearing the brunt of a debt crisis rooted in the mistaken belief that major gas reserves would bring untold riches, reports LSE’s Joseph Hanlon.

Mozambique’s £1.6bn borrowing spree has caused a fiscal crisis that means interest on loans, civil service new year bonuses and other government bills was not paid this month.

Four years ago, […]

January 31st, 2017|Featured, Finance|2 Comments|
  • Permalink Gallery

    Reducing Incentives for Fiscal Indiscipline at Nigeria’s Subnational Government Level

Reducing Incentives for Fiscal Indiscipline at Nigeria’s Subnational Government Level

LSE’s Eustace Uzor offers potential solutions for improving fiscal governance in Nigeria’s subnational units.

The need to achieve fiscal convergence and consolidation in Nigeria cannot be overemphasised. This is especially important considering that the economy recently slipped into recession, according to data from the National Bureau of Statistics. One notable factor for this is the high level of fiscal indiscipline […]

January 16th, 2017|Featured, Finance|1 Comment|

Bad Behavior has blocked 2338 access attempts in the last 7 days.