Africa could gain $89 billion annually by curbing illicit financial flows
UNCTAD’s Economic Development in Africa Report 2020 says stopping illicit capital flight could almost cut in half the annual financing gap of $200 billion that the continent faces to achieve the Sustainable Development Goals.
Every year, an estimated $88.6 billion, equivalent to 3.7% of Africa’s GDP, leaves the continent as illicit capital flight, according to UNCTAD’s Economic Development in Africa Report 2020.
Illicit financial flows (IFFs) are movements of money and assets across borders which are illegal in source, transfer or use, according to the report entitled “Tackling illicit financial flows for sustainable development in Africa.”
It shows that these outflows are nearly as much as the combined total annual inflows of official development assistance, valued at $48 billion, and yearly foreign direct investment, pegged at $54 billion, received by African countries – the average for 2013 to 2015. […]
Madagascar : la Banque africaine de développement octroie un prêt de 27 millions de dollars pour développer les chaînes de valeur agricoles dans le sud-ouest du pays
Le Conseil d’administration de la Banque africaine de développement a approuvé, le 29 septembre à Abidjan, un prêt de 27 millions de dollars américains à Madagascar pour lui permettre de développer les chaînes de valeur agricoles dans sa partie sud-ouest.
Ce financement est destiné à la mise en œuvre du Projet de développement de la zone de transformation agro-industrielle dans la région du sud-ouest de Madagascar (PTASO), une initiative qui pourrait être dupliquée au niveau national pour assurer une meilleure transformation des produits agricoles. Le projet vise non seulement à inverser la tendance des faibles performances répétées sur les plans agricole et économique mais il doit également apporter une réponse aux conséquences de la pandémie de Covid‑19. […]
Corporate Council on Africa UNGA Series Spotlights Economic Recovery Strategies in Nigeria
On Thursday, September 24, 2020 Corporate Council on Africa (CCA) hosted the second session of its series of country-focused events on the sidelines of the 75th United Nations General Assembly (UNGA) meetings. The series, themed Partnering for Economic Recovery, highlighted key economic recovery strategies and investment opportunities in Morocco, Nigeria, and Senegal.
Thursday’s session focused on Nigeria. General William E. Kip Ward delivered welcoming remarks, noting the growth, challenges and opportunities in the Nigerian economy and the importance of increasing U.S.-Africa business partnerships for economic resiliency.
Corporate Council on Africa UNGA Series Spotlights Economic Recovery Strategies in Senegal
On Friday, September 25, 2020, Corporate Council on Africa (CCA) hosted the final session of its series of country-focused events on the sidelines of the 75th United Nations General Assembly (UNGA) meetings. The series themed Partnering for Economic Recovery, highlighted key economic recovery strategies and investment opportunities in Morocco, Nigeria, and Senegal
Friday’s session on Senegal featured remarks by both public and private actors from across the U.S. and Africa. Welcome remarks were delivered by Viviane Bakayoko, Côte d’Ivoire Bank Head and West & Central Africa Global Subsidiaries Group Head, Citi. […]
Côte d'Ivoire banks on reforms to improve investment climate
UNCTAD proposes measures to create sustainable and inclusive long-term growth and address the most pressing development issues facing Ivorians.Côte d'Ivoire is on an economic reform drive to make the country a more attractive place to do business.
The west African country is pushing ahead with reforms to boost foreign direct investment (FDI), which has been on the rise since 2012 but remains low in relative and absolute terms compared to other countries in the region.
Also, FDI is highly concentrated in Abidjan and significant economic and social inequalities exist both between urban and rural areas and between the economic capital and the rest of the country.
“The reforms undertaken by the government so far as part of the country’s national development plans are commendable, but more needs to be done,” said Chantal Dupasquier, chief of UNCTAD’s investment policy reviews section.
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Long term trends across security and development in the Sahel
Following the 2013 French military intervention in Mali, significant attention has been paid to issues of security and development in the Sahel. The stability of Sahelian countries and the capacity of their governments to manage social change and resulting tensions have major security implications for migration flows, economic development, and health concerns both for local people and for the broader international community. The rise of violent religious extremism in the region and the varied efforts to curtail its spread have raised international alarm and prompted important resources to be invested by both domestic governments and foreign partners. This paper offers a broad overview of the current situation in the Sahel paying attention to the intersecting and overlapping issues of security and development. The paper then interrogates three central themes—poverty, migration, and conflict—adopting a historical perspective to examine long-term trends in the region. In doing so, it aims to contribute to contemporary policy discussions by offering evidence of how these dynamics have either changed or persisted across this centrally important region during the last several decades.
High Representative/Vice-President Federica Mogherini to visit Horn of Africa
High Representative/Vice-President Federica Mogherini is travelling tomorrow on a landmark visit to countries in the Horn of Africa region from 9 to 13 February.
Federica Mogherini will begin her visit in Addis Ababa, Ethiopia where the African Union Summit is taking place and she will meet several Heads of State or Government in the margins. In Ethiopia she is due to meet President Shale Work Zwede and Prime Minister Dr Abiy Ahmed, among other members of the Government, to discuss further strengthening the EU-Ethiopia partnership. The High Representative/Vice-President will also visit EU funded projects supporting the International Organisation for Migration together with Director General Antonio Vitorino.
Continuing her visit in the Horn of Africa, Federica Mogherini will visit Kenya, where she is due to meet President Kenyatta and members of the Kenyan government. In Kenya, she will also launch a cross border programme, meet with representatives from the UN Habitat and UNEP, youth and civil society groups as well as inaugurating the new EU Delegation offices in Nairobi.
She will conclude her visit by travelling to Djibouti to meet President Ismail Omar Guelleh and other members of Government, as well as visiting Member States' military bases operating the EU's ATALANTA maritime security mission. Press points during the mission will be made available on EbS.
Nouveau Cahier du CIAN
Paru aux éditions Eyrolles, le nouveau livre des Cahiers du CIAN, Les diasporas africaines. accélératrices des économies du continent, dresse un panorama inédit de ces diasporas et de leurs puissantes retombées sur le continent africain.
Alors que l’Afrique enregistre une croissance durable et bénéficie de sauts technologiques grâce au digital, les 3,5 millions de personnes que comptent les diasporas africaines de France se tournent de plus en plus vers le continent pour prendre part à cette dynamique.
Beaucoup de projets, d’initiatives entrepreneuriales ou associatives voient ainsi le jour, des fonds importants sont investis. Mais quel est l'effet réel pour le continent ?
En 2018, à l’initiative du CIAN, les journalistes Bénédicte Châtel et Anne Guillaume-Gentil ont enquêté pour mieux cerner la réalité économique des diasporas africaines de France, leurs motivations et aspirations ainsi que leur impact sur le continent.
« Sur le rôle des diasporas, nous vivons une prise de conscience et une évolution profonde et définitive des états d’esprits, estime Etienne Giros, président délégué du CIAN. Il reste à les transformer en réalités et réalisations pratiques, en faveur du développement de l’Afrique. Le secteur privé français, et le CIAN en particulier, est prêt y prendre sa part. Ce livre en est le témoignage. »
