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The importance of trade in services to #economic #development throughout the world cannot be overstated. Hinrich Foundation contributor Holly Smith sat down with The Association of Foreign Press Correspondents in the United States (AFPC-USA) to delve deeper into this topic. Catch up on their conversation: https://buff.ly/3VbuKRZ This interview was based on an analysis written by Holly Smith which breaks down the key findings of a report by World Trade Organization and The World Bank Group. The report identifies how trade in services can lead to better growth, especially for #developingeconomies. Learn more: https://buff.ly/3Vj2e0G

Private sector actors gathered at the African Development Bank Group’s Annual Meetings discussed ways to mobilize funding to develop Africa’s private sector. Co-organized by the Bank and the Alliance of African Multilateral Financial Institutions (AAMFI), the panel discussion gave policymakers, financial institutions, investors, economists and financial experts a chance to weigh in on the role of multilateral organisations in removing roadblocks hampering the private sector from playing its role in the transformation of Africa. Benedict Oramah, Chairman of the Board of Directors of African Export-Import Bank (Afreximbank) and the AAMFI, explained that the AAMFI, as a platform for everyone, was intended to fulfil a mandate for all African countries. The Alliance supports private-sector activities and facilitates trade within Africa in implementing the African Continental Free Trade Area. Countries are committed to collaboration and coordination to facilitate Africa’s financial independence to achieve this, he commented. “Multilateral African institutions also hope to strengthen their cooperation with the African Development Bank through the Alliance,” he continued. Albert M. Muchanga, African Union Commission Trade and Industry Commissioner, “…we need a favourable continental and global environment. If Africa is to be transformed, we need to make it easier for the private sector to contribute by offering incentives.” Other speakers, such as Admassu Tadesse, CEO of Trade and Development Bank and James Mwangi, CEO of Equity Bank Group stressed the importance of collaboration across the continent and between the public and private sectors. Learn more about this #AfDBAM2024 discussion: https://bit.ly/3R9yX5L

In the News: Govt’s quest for FDI: the way forward 🌟 Discover the latest in the world of FDI and Business! Check out this insightful piece. 💡🌍 Foreign direct investment (FDI) has been crucial in supporting developing economies to participate in global trade ... 🔗 [Learn more: https://lnkd.in/gZ4CwCN8] 🗨️ Join the Discussion! Your opinions are invaluable. #Comment below to share your views, ask questions, or start a conversation. We're excited to engage with each comment and hear what you think! Join as a Partner and Professional: FDI Alliance: www.fdialliance.com Valqus Accounting and Business: www.valqus.com #FDI #Invest #Trade #TradeandInvest #InvestmentPromotion #Markets #Business #Accounting

The tale of South Africa and SADC https://lnkd.in/dpdxa65n South Africa, which attended the recent SADC Summit in Zimbabwe, which summit endorsed Zambia's Mr Samuel Maimbo for AfDB Presidency to succeed Dr Adesina, has opted to nominate its own citizen, Swazi Tshabalala to the AfDB Presidency. In strategic terms this move is interesting not only because SA is also a big power in BRICS and an important G-20 member, but because it would appear there were no objections to Mr Maimbo's candidature. Even more interestingly, Article 10(9) of SADC Treaty states that the decisions of the Summit shall be taken by consensus and shall be binding. Does the SADC Summit endorsement of Mr Maimbo not constitute a decision of the Summit? Article 6 of the same SADC Treaty demands that Member States adopt adequate measures to promote the achievement of the objectives of SADC, and refrain from taking any measure likely to jeopardise the sustenance of its principles, the achievement of its objectives and the implementation of the provisions of the SADC Treaty. Finally, Article 21 asserts that Member States shall cooperate in all areas necessary to foster regional development and integration on the basis of balance, equity and mutual benefit. Further, Member States are legally expected to coordinate, rationalise and harmonise their overall macro-economic policies and strategies, programmes and projects in the areas of co-operation. Does it mean SA will mobilise support from non SADC member states? If it does, what does it imply for SADC's integrity going into the future? How strong is SADC as a regional body - and how can it deal with this awkward situation? SADC Secretariat SADC Secretariat African Development Bank Group Zambia Institute of Banking & Financial Services The World Bank

The first session of HBL Global Markets Outlook 2024 featured renowned thought leaders from the business field. The panellists discussed Pakistan's economic landscape, emphasizing the challenges and opportunities in investments, currency management, and state-owned enterprises (SOEs). #HBLGlobalMarketsOutlook24 #HBL  Government of Pakistan | Ministry of Finance, Government of Pakistan | State Bank of Pakistan (SBP) | Aga Khan Development Network

Under the esteemed patronage of His Excellency Nana Addo Dankwa Akufo-Addo, President of Ghana and a leading advocate for African Union Financial Institutions, the establishment of the Alliance of African Multilateral Financial Institutions (AAMFI) marks a monumental stride towards unlocking Africa's economic potential. This collaborative endeavor, unveiled amidst the African Union's 37th Ordinary Session of the Assembly of Heads of State and Government, not only signifies a unified commitment to financial cooperation but also heralds a new era of economic prosperity and resilience across the continent. With foundational members like the Africa Finance Corporation (AFC) and the African Export-Import Bank (Afreximbank), AAMFI is poised to catalyze sustainable economic growth, driving advancements in key sectors and fostering financial self-reliance. From my perspective, this alliance holds the promise of a brighter future for African business, characterized by increased investment, enhanced access to financing mechanisms, and greater economic diversification. As AAMFI's initiatives take root and flourish, I envision a steady rise in GDP per capita and tangible economic success stories, underscoring Africa's ascent as a global economic powerhouse fueled by indigenous innovation and collaborative prowess in the realm of finance and economics. #Africa #Economy #Finance #Trade #Business #Investment https://lnkd.in/d-ZYz5TB

Are you ready to stay ahead of the rapid development of the market in mainland China? In a recent HSIL-hosted webinar titled "How to Navigate the Improving Environments of the SOEs," Danny Chu, our Head of Index Strategic Research, revealed the latest developments in the market. Danny discussed the implications of two significant events that took place this year, the "Resolution on Further Deepening Reform Comprehensively to Advance Chinese Modernisation" in July and the "Guiding Principles for the High-Quality Development of the Capital Market" in April. He explained how these events will impact state-owned enterprises (#SOEs) and non-SOE listed companies in detail. The government's #resolution aims to deepen the #reform of state capital and SOEs, improve management and oversight mechanisms, and refine the layout and structure of the state-owned sector. Meanwhile, the Guiding Principles may lead to non-SOE listed companies joining the ranks of mainland listed companies, further raising their earnings payout ratio. To learn more, check out our research paper available here: https://lnkd.in/gb4fj84h #HangSengIndexes #HSI #shareholder #returns #chinamarket

International Monetary Fund Kristalina Georgieva reflect back to 2021. We where in a very bad shape, almost all areas within SA was crumbling under poor leadership in already hostile environments. There was about 99% toxic financial environments that you could smell a mile away. It took lots of work, encouragement, mentoring, you just name to get us back on track. Now 2024, 3 years later we can say that now we can start seeing the little blossoms coming out. Yes there are still many that needs to be done however we crossed many boundaries, faced many challenges, and hitting milestones. We reduced costs, increased discipline, restructured management, fighting corruption within, keeping politicians out, the list is longer then a paper roll. And still we managed to rebuild infrastructures, maintain our plants and keep the economy alive as much as we can. We still face challenges from private and public sectors however I'm busy pulling their knots to a point. Employees from both Eskom Holdings SOC Ltd and Transnet SOC Ltd are working very hard around the clock, they are fighting back by rebuilding piece by piece. In my eyes they are the real heroes in this story. Our journey is still a long way to go, with our faith we are leading the way towards a better tomorrow for all. Sometimes I have to be cruel in order to love. #ZeroHarm #Integrity #Innovation #Sinobuntu #CustomerSatisfaction #Excellence #Guardians The World Bank #us #canada #uk #europe ATS #investors

The launch of the Ethiopian Securities Exchange (ESX) in October marks a significant milestone in Ethiopia's economic development, poised to capitalize on the country's impressive GDP growth rate and vast population. The exchange's successful funding round, exceeding its target by over 140%, demonstrates strong investor confidence in Ethiopia's economic prospects. However, the ESX's success will depend on factors like regulatory frameworks, market liquidity, and investor education. As Ethiopia continues to open up its economy, the ESX has the potential to become a key driver of economic growth, foreign investment, and job creation. #EthiopianSecuritiesExchange #ESX #Ethiopia #EconomicGrowth #CapitalMarkets #InvestorConfidence #RegulatoryFrameworks #MarketLiquidity #InvestorEducation #EconomicDevelopment https://lnkd.in/ec2pUrMZ

Our CEO, Karabo Mashugane, wrote for Business Day newspaper that a stronger focus on small business R&D is required and highlights that the focus will slowly improve local innovation and productivity adding to the global competitiveness of local products. He states that:   Most ESD programmes focus on contract financing, and very little of those funds are dedicated to R&D.Consequently, most of these SMEs remain uncompetitive and struggle to achieve sustainability beyond the funded contracts.The government also provides various R&D incentives, but they remain generally unknown to SMEs and underutilised. And more... Full article here: