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Tag Archives: sub-Saharan Africa

ICT Sector In Africa Continues To Grow

The Information and communication technologies (ICT) sector in Africa has continued to grow, a trend that is likely to continue. Of late, mobile technologies and services have generated 1.7 million direct jobs (both formal and informal), contributed to $144 billion of economic value (8.5 percent of the GDP of sub-Saharan Africa), and contributed $15.6 billion to the public sector through ...

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Absa Gets Miga Guarantees To Reduce RWA Across Africa

Absa has signed a deal with the Multilateral Investment Guarantee Agency (Miga) which will enable it to reduce the regulatory risk weighting of mandatory reserves held by its subsidiaries across sub-Saharan Africa, thus freeing up lending capacity. Absa’s subsidiaries outside of South Africa are required to maintain reserves at the central banks in their respective jurisdictions, based on the volume of ...

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Brexit Can Be An Opportunity For Africa

African leaders, especially the ones from former British colonies who already have significant trade relations with the UK, doubled down on their efforts to charm Britain into making them primary trade partners after Brexit. African countries have signed countless cooperation agreements with nations across the world, from the EU to the US and Turkey. Africa is the world’s second-fastest-growing region, and yet 100 million ...

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UK Seeks Stronger Africa Trade Ties With Investment Conference

Britain will hold a major sub-Saharan Africa investment conference on January 20. It will be hosted by British Prime Minister Boris Johnson and by the Department for International Development (DFiD) on January 20. The aim is to bring together businesses, governments and international institutions to showcase and promote the breadth and quality of investment opportunities across Africa. The UK is ...

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