Earlier this week, the Corporate Council on Africa’s Health Working Group hosted a World Bank presentation of The Global Financing Facility (GFF), a broad $4 billion facility that aims to promote reproductive, maternal, newborn, child and adolescent health (RMNCAH) in low- and middle-income countries. The GFF–which was announced in September 2014 and currently consists
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Global Infrastructure Investment — Getting Investors Off the Sidelines
By Cov Africa on
Posted in Corporate and Investment
Power shortages in India, transportation costs in Africa, the poor grades given to US infrastructure, pollution in China, and the devastation to old and sub-par infrastructure in places like Nepal when disaster strikes are clear reminders that the world needs more and better infrastructure. Infrastructure is the talk of governments, of bodies such as the…
World Investors Eye Egypt’s Future
Is the world ready to invest in Egypt? After years of a stagnating economy and political uncertainty, the results from last month’s Egypt Economic Development Conference (EEDC) suggest that investors are taking a fresh look at what could be a new landscape for economic prosperity in the country. To better understand the results and impact…
World Bank Identifies Prospects and Challenges for Sub-Saharan Africa
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Posted in Corporate and Investment, Current Events
The October 2014 Africa’s Pulse released by The World Bank confirms that economic growth in Sub-Saharan Africa continues to be strong. The average growth in the region is projected to increase to 5.2 percent during 2015-16 (up from 4.6 percent in 2014) and to 5.3 percent in 2017. Some markets and industries are looking to…
Economic Self-Reliance and Strategic Cooperation: 2014 BRICS Summit
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The recently completed annual BRICS (the collective name for Brazil, Russia, India, China and South Africa) summit generated three agreements which demonstrate the ongoing move towards self-reliance and strategic cooperation amongst emerging and developing economies.
The Agreement on the New Development Bank and the Treaty for the Establishment of a BRICS Contingent Reserve Arrangement have…