Africa

Seychelles' central bank governor Caroline Abel tells Global Finance that the central bank of Seychelles will focus on diversifying the economy after the pandemic passes and in the meantime is focused on stopping currency speculation.

Swazi B. Tshabalala, chief finance officer and currently acting senior vice president at the African Development Bank Group, discusses the bank’s efforts to help countries ravaged by the Covid-19 pandemic and the how the continent can jumpstart economic development.

By drone or by cable, Google, Facebook and other tech giants are vying to unlock Africa’s trove of potential subscribers who still lack internet access.

Greta Bull, chief executive of Consultative Group to Assist the Poor and a World Bank director, speaks of the reality of microfinance today.  

African economies face especially tough barriers to post-Covid-19 recovery. Global Finance names the top 25 best performing companies throughout Africa. 

The global pandemic is holding back Africa’s essential infrastructure development. Some creative private sector and multilateral solutions promise to ease the crisis.

The government unveiled an ambitious economic recovery package. But with a flagging tourism industry and declining FDI, worries persist. 

Companies based in English-speaking Africa are investing in their Francophone neighbors, with tech companies leading the way. 

Covid-19’s impact has not been as great in Africa as on other continents. But governments are still looking for ways to return to rapid growth. 

Once hailed as a game-changer for the impoverished, microlenders are falling behind in the digital race while online lenders and commercial banks poach their turf.

It has been Global Finance’s practice to conduct a Best Bank award ceremony during the IMF and World Bank Annual Meetings. As this year’s Meetings have gone virtual, so will Global Finance’s awards ceremony. Below are a selection of winners ...

With an election looming, Ghana’s economy grapples with a pandemic, falling oil revenues, a nagging fiscal deficit and the imperative to diversify.

Emerging and developing economies will likely be hardest hit by Covid-19. Rebuilding will require addressing preexisting conditions as well as the new ones.

Will a brutal decline in the Naira force the country to finally end its multiple-exchange-rate system?

Bitcoin technology finds another practical use.

Rwanda faces its past and securing post-pandemic economic growth.

Allegations of corruption and nepotism dog Malawi's new president.

Google wants to solve Kenya's 5G problem while most Kenyans would be happy to get 3G.

French telco giant consolidates its African holdings to prepare the way for further expansion.

NPLs in Africa are three times higher than the global median.