Can Madascar's president improve one of Africa's poorest economies?
Africa may be underbanked but fintechs are changing that.
Bank One CEO Ravneet Chowdhury tells Global Finance how Mauritius wins over investors with a secure stand-out investment climate.
Indebted African nations are turning to an unexpected source for funds.
South Africa's woes deepen.
Chinese finance is stepping up in Africa. While other powers worry about Beijing’s growing influence, it’s hard for cash-strapped governments to say no.
The African continent contains some of the fastest growing economies in the world. Collectively, growth in Sub-Saharan Africa alone is projected to climb to an average 3.6% in 2019–20, up from 3.1% in 2018, according to the World Bank. Yet it is also home to many of the poorest countries, with the lowest GDP per capita. With its fast-growing population, rapid urbanization, and expanding middle class, the potential for further economic growth in Africa is enormous. But there remain many barriers to realizing anything near the continent’s full potential.
A free trade pact, new infrastructure investment, and diaspora bonds are some of the ingredients in Africa’s recipe for economic expansion.
Railway development in Africa as a path to economic growth is attracting capital and government support.
Forget remittances. The best new tool for funding Africa may be bonds marketed to African expats.