United Kingdom Steps up Climate Adaptation Finance Support for Africa

United Kingdom Steps up Climate Adaptation Finance Support for Africa

LONDON (Capital Markets in Africa) – The United Kingdom has announced a significant increase in its financial support to the poorest African countries that bear the brunt of climate change. Speaking alongside African leaders at COP27 in the Egyptian city of Sharm El Sheikh, British Foreign Secretary James Cleverly confirmed the UK will provide £200 million to the African Development Bank Group’s Climate Action Window, a new mechanism set up to channel climate finance to…

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Africa Marks Special Day at 27th United Nations Climate Conference (COP27)

Africa Marks Special Day at 27th United Nations Climate Conference (COP27)

CAIRO (Capital Markets in Africa) – African nations on Tuesday marked a special day on the sidelines of the 27th United Nations Climate Conference (COP27) in Egypt, with a common resolve to mobilize internal and external resources to tackle climate change. The event, dubbed ‘Africa Day,’ provided countries and development partners, including the African Development Bank, the opportunity to highlight measures to tap the continent’s unique economic potential. The African Union Commission, African Development Bank,…

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WEBINAR | Pre-emptive debt restructuring: a viable scenario for fragile African sovereigns?

WEBINAR | Pre-emptive debt restructuring: a viable scenario for fragile African sovereigns?

30 Sep 2022 | The expiry of Covid-19-related support coupled with a surge in the goods import bill has exacerbated pressure on external trade positions for various African sovereigns. We see headwinds intensifying from 2023 onwards in the form of a deepening drought in East Africa, populist-leaning policies aimed at appeasing voter frustrations, large redemptions of external public debt facilities, and moral hazard. The risk profile is fragmented but a common thread can be found…

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WEBINAR | Is sterling in the midst of a sell-off or a full-blown crisis?

WEBINAR | Is sterling in the midst of a sell-off or a full-blown crisis?

27 Sep 2022 | Policy announcements are coming thick and fast in the UK at the moment and have been greeted with the most significant sell-off in UK assets in decades. Is this a case of markets overreacting or have the UK public finances been put on an unsustainable footing? Will the Bank of England react to the fall in sterling or are markets setting themselves up to be disappointed? We will set out our…

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Global: Why inflation’s being stubborn and what might make it more so

Global: Why inflation’s being stubborn and what might make it more so

LAGOS (Capital Markets in Africa) – A brief history of monetary and fiscal policy of the twentieth century would go something like this. Monetary policy before the Great Depression of the 1930s was a much more limited endeavour in comparison to its contemporary scope, and it took a back seat to fiscal policy. Under John M. Keynes’ influence of fiscal policy came to be seen as an economic cure-all, relegating monetary policy to the rear…

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Register for Investing in Africa with AF2210M discount code

Register for Investing in Africa with AF2210M discount code

The Investing in Africa Event not to be missed 10th and 11th October, London, UK AFSIC – Investing in Africa 2022, Africa’s investment event, www.afsic.net, scheduled for the 10th and 11th October in London promises this year to deliver some exceptional investment and networking opportunities for everyone interested in doing business and investing in Africa. Firmly established as a leading event focussed on driving investment into Africa, AFSIC has this year attracted some exceptional partners and sponsors who are…

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South Africa: Grey listing still avoidable, but time is running out

South Africa: Grey listing still avoidable, but time is running out

LAGOS (Capital Markets in Africa) – A preliminary evaluation report compiled by the Financial Action Task Force (FATF) in October 2021 showed that South Africa complied with only three of the group’s 40 benchmark recommendations to combat illicit financial activity. South Africa has until October 2022 to put forward a credible plan that maps out how government intends to address deficiencies in the country’s ability to investigate and prevent illicit financial activity. Failing to do…

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