Clarke Cooper’s Post

Building robust policies in the infrastructure sector is crucial for driving economic growth in #Africa. Sound infrastructure policies attract domestic and foreign investments, stimulate trade, and enhance productivity, leading to overall #economic development. Robust #infrastructure policies can drive economic growth by providing essential transportation networks, energy systems, and communication channels that support #trade, investment, and industrialization. Sand K. Mba African Development Bank Group African Union

Enormous investment is needed to #decarbonize the global economy—right away, and for decades to come. The required amounts far exceed what governments alone can provide, so creating the conditions that encourage private capital to invest at scale is vital. Here comes the #DFIs – Development Finance Institutions. By leveraging #blendedfinance, which combines public and private funds, DFIs attract private capital to invest in climate-friendly projects. For the #GCC and the wider Middle East, playing a strategic role in climate diplomacy and driving climate finance are essential for both their own benefit and that of the global community. Read our recent perspective for Harvard Business Review Arabia on the leadership role of GCC’s DFIs in driving development finance initiatives across the region and worldwide. Link here ➡ https://lnkd.in/dsJ3RE-A  Martin Blechta, Markus Massi, Isha Sharma, Giulia Zaratti #ClimateFinance #ESG #ClimateChange #BCGintheMiddleEast

ASEA and ECA Sign Agreement to Strengthen Development and Integration of Africa’s Financial Markes https://lnkd.in/gy2VAbFz United Nations Economic Commission for Africa United Nations Economic Commission for Africa #development #sustainable #industrialdevelopment #industrialisation #afcfta #industrialization #energy #energyinfrastructure #waterinfrastructure #sgds #sustainabledevelopment #agenda2063 #sustainableindustry #finance #africa

Many companies in emerging and frontier markets around the world find it harder and more expensive to fund their growth plans and development projects because of lower credit ratings. The credit ratings agencies are reflecting the risks largely seen through the eyes of investors based in developed markets who often have lower risk investment options. Governments need to understand and try to help reduce these risks and the credit ratings agencies need to do more to work with government agencies to explain these risks.

Today at the #AfricaInvestmentForum: ✅ Conversations with Heads of State: Accelerating Africa's Economic Transformation ✅ Responsible Industrialization: Investing in Productivity, Progress and Prosperity ✅ Launch of the Special Agro-Industrial Processing Zones Alliance Full programme: https://bit.ly/AfricaIF #AIF2023

In 2023, Ethiopia emerged as the top destination for foreign direct investment (FDI) in East Africa. According to the World Investment Report published by the United Nations Conference on Trade and Development (UNCTAD), Ethiopia attracted $3.3 billion in 2023. This figure surpassed that of neighbouring countries like Kenya, which received $1.5 billion in FDI. China played a significant role, accounting for half of all foreign direct investment projects in Ethiopia. The Ethiopian Investment Commission (EIC) attributed this success to the country’s strategic embrace of public-private partnerships (PPPs), with notable investments such as the UAE’s Masdar investing $600 million in the Shire wind power project. Ethiopia’s openness to foreign investment in digital payment systems also contributed to its FDI growth. In 2023, Safaricom Ethiopia, a subsidiary of the Kenyan telecom giant, was granted a Payment Issuer License, propelling M-Pesa’s growth to 3.1 million users and $3 billion in transactions. The report also highlighted that while Ethiopia led the East African region, overall FDI flows to Africa decreased by 3% in 2023, totalling $45 billion. Egypt and South Africa followed Ethiopia in the rankings, but developed countries still accounted for the lion’s share of greenfield projects. Source : - https://myviewsonnews.net

Really agree with all that you are sharing here Hubert, and appreciate the clarity of thinking and positioning of your analysis. The need for stewardship, long-term thinking, the scale that you are talking about and the practicality of the way that we can mobilise funds. As always, the devil will be in the details, the relationships and the governance structures, then the correct allocation of capital. I like what you are talking about risk and data and the importance of democratised access to that, so that you can properly price risk. That is a clear opportunity. Love the ambition on the 7tn and the need for partnerships and full scale ahead mentality. It is good to see the legendary David Carlin on this post as well. Hi David:) In the UK, we have some interesting work on fiduciary duty, that Catherine Howarth OBE and the team ShareAction are pushing for. Adding my team below, so that we can align as we can.

📢🔎🌍 Stay informed with the latest updates from AAVI's (Amplifying Africa’s Voice Initiative) December meeting and join us in amplifying Africa's voice and in providing decision-makers with incisive research from leading African think tanks across the continent. 🔛 We've recently completed ✅ A Report by Beverly Musili on an inclusive framework for Loss and Damage and authored ✅ A joint Paper on the 🇿🇲Zambian debt crisis with the Zambia Institute for Policy Analysis and Research. 🔜 Stay tuned for our ✅ Upcoming paper on #Kenya 🇰🇪 with KIPPRA Kenya, where we examine the urgent need for solutions to tackle the increasing pressure of debt service and climate change in the country. #AAVI is implemented jointly by the Finance for Development Lab and the African Center for Economic Transformation (ACET), an initiative that brings together 1️⃣9️⃣ African economic policy institutes joining forces to amplify Africa's voice on global financial architecture. Check out the link for more information 👇 https://lnkd.in/ggmFSyb6 #AmplifyingAfricasVoice #Africa #climatefinance #climateaction #Fin4Dev #FinancingOurFuture #debt #developmentfinance #lossanddamage #Zambia #debtcrisis #kenya

The #IMF reduces its forecast for economic growth in #MENA for 2024 by half a percentage-point. Watch this 2-minute video to find out why. In addition "The outlook for the MENA region is highly uncertain, and downside risks are resurgent." #economy #economicgrowth #oil #oilproduction #uncertainty #risks

𝗔𝗡𝗔 𝗕𝗥𝗘𝗔𝗞 𝗡𝗘𝗪𝗦 Visit our website and read our hourly news briefs to keep up with the latest news from the continent. #Africa #financing #development #climate #multilateralism #financegap #paradigmshift #growthmodel #ODA #publicdebt #FDI