Back

Africafé: Financial Constraints in the Pursuit of Economic Development in Africa

September 5, 2024
Related topics: 
Economy
Africa

Africa's economic growth is significantly hampered by financial constraints, which pose significant challenges. These constraints severely limit investments in critical areas such as infrastructure, education, and healthcare. Addressing these issues is crucial for achieving sustainable development and enhancing living standards across the continent.

In this episode, we host Miss Mavis Owusu-Gyamfi, the President & CEO of African Centre for Economic Transformation (ACET) to explore innovative transformation models adaptable within Africa to foster economic growth. We identify primary sources of financial constraints, including limited access to financing and high borrowing costs, hindering economic development in African countries. We also analyze the pivotal role of domestic financial institutions and markets in either alleviating or exacerbating these constraints, and discuss strategies to enhance access to finance, support entrepreneurship, and promote sustainable development.

Speakers
Ahmed Ouhnini
Economist, Policy Center for the New South
Ahmed Ouhnini is an Economist at the Policy Center for the New South. His research area covers agricultural economics, human and social development. Previously, he has worked as a researcher at the Paris School of Economics (PSE) and has also a record of working in consulting services in Morocco. Ahmed holds an engineering Diploma in Agriculture and Rural Development from the National School of Agriculture of Meknes and a Master’s Degree in Law, Economics and Management from the Paris 1 Pantheon Sorbonne Institute of Development. ...
Mavis Owusu-Gyamfi
President & CEO of the African Centre for Economic Transformation (ACET)
...

RELATED CONTENT

  • From

    16
    5:30 pm February 2022

    SECURITY AND GOVERNENCE IN AFRICA: SAHEL AND LIBYA

    Rida Lyammouri, Senior Fellow at Policy Center for the New South, will be speaking at the webinar “security and governence in africa: sahel and libya” organized by frica Study Group in partnership with The Middle East Institute. The security dynamics of the Maghreb and the Sahel are intertwined and the consequences of the Libyan conflict on the Sahel have been serious. Since its beginning in 2011, this conflict has triggered global concern about the economic, security, and geostrategic impacts on the Sahel. Current threats are posed by the illicit transfer, destabilizing accumulation, and misuse of arms, as well as the flow of armed groups and mercenaries. Despite considerable international efforts, especially by African countries, the Sahel is still experiencing one of the ...

  • From

    14
    2:00 pm February 2022

    Table ronde autour du rapport « Paysage de l’emploi au Maroc »

    Aomar Ibourk, Senior Fellow au Policy Center for the New South, interviendra lors d’une table ronde dans le cadre d’un webinaire de présentation du rapport « Paysage de l’emploi au Maroc » organisé par la Banque mondiale et le Haut-Commissariat au Plan. L’objectif du webinaire sera de présenter les résultats clés du rapport « Paysage de l’emploi au Maroc » par le Haut-Commissariat au Plan et par la Banque mondiale, suivi par une discussion sur les principaux faits saillants du rapport et la présentation des points de vue des différents panélistes sur le marché du travail marocain et les perspectives de l’emploi au Maroc. A l’issue de ces présentations, une table ronde de discussion autour du rapport sera animée. Cet évènement aura lieu le Lundi 14 Février 2022 à 14 :00 (GM ...
  • Download PDF
    Covid-19: Faced with a Violent and Long-Lasting Shock, African Oil Countries are Improvising the Rescue of their Economy
    Authors
    Benjamin Augé
    While the Brent oil prices in London have been fluctuating between 20 and 35 dollars per barrel for several weeks, and while American oil prices in New York even reached negative values on 20 April, most African oil-producing countries have, at the end of 2019, passed their 2020 budgets on the basis of rather optimistic forecasts, sometimes betting on an increase in expenditure financed by borrowing (Nigeria). Some of these countries were expecting Brent prices to be rather high in ...
  • Les Systèmes Bancaires des Pays Arabes Sud-Méditerranéens
    Authors
    Larabi Jaïdi
    L'environnement dans lequel fonctionnent les systèmes financiers des pays arabes du Sud de la Méditerranée (PASM)1 a changé ces deux dernières décennies. Ces systèmes pays ont connu de profondes mutations depuis le déclenchement de la crise financière internationale. Certes ils n’ont pas subi de conséquences directes de la crise, mais la dégradation de la croissance mondiale a eu des effets majeurs sur les économies de ces pays. Les tensions politiques de la région ont aussi forteme ...