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.
A free trade pact, new infrastructure investment, and diaspora bonds are some of the ingredients in Africa’s recipe for economic expansion.
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.
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.
Innovation can help save Africa's endangered species.
Out with the old, in with the new? Not quite, as the region’s incumbent banks are stepping up to the challenge presented by a spate of new, digital-only entrants that have no legacy system costs.
With customers hungry for new digital experiences and a large unbanked population, Africa is shaping up as a bellwether of how banks can truly embrace the digital age and serve customers better.
The DRC has immense mineral resources and other investment opportunities, but they come with political corruption and risk.
Ugochukwu Nwaghodoh, group CFO of United Bank for Africa, speaks with Global Finance about how the continent’s youthful populations have rapidly embraced digital technology, and the vast market opportunities that remain.
Maria Ramos, chief executive of Barclays Africa (Absa), wants to tap into Africa’s tech savviness to get ahead of the digital wave that is breaking across the continent.