On the changing commercial ecosystem and how governance reforms are evolving to align with international standards How do you evaluate the trade finance landscape? MOHAMMED ALI ADDARRAT: Letters of credit remain the cornerstone of Libya’s trade finance landscape, initially dominated by imports of finished goods, such as food products, for consumer and public sector markets. Over the…
Sous le haut patronage de son Excellence, Monsieur Kaïs Saïd, Président de la République Tunisienne, Tunisia Africa Business Council-TABC organise la 7ème édition de la conférence internationale "FINANCING INVESTMENT & TRADE in AFRICA – FITA2024", les 11 et 12 Juin 2024 à l’hôtel Laïco, Tunis. Cette 7ème édition verra notamment l’organisation de plusieurs « side events »…
Having welcomed over 300 market leaders in 2023, GTR East Africa reaffirmed itself as the region’s leading platform for crucial debate on the key issues impacting the region’s trade, commodity, and infrastructure financing markets. Returning to Nairobi, Kenya on May 21-22, 2024, GTR East Africa will deliver a highly anticipated opportunity to connect with key players and access to a full spectrum…
Financial technology (fintech) firms are gaining market share that was formerly the preserve of established remittance service providers. Remittances have grown in importance in recent decades and now constitute the largest source of foreign income for many developing economies. They also tend to be countercyclical, increasing during economic downturns or natural disasters when other capital flows…
Insurance companies worldwide have been preparing for the most significant change in global accounting standards in almost two decades. On January 1, 2023 the International Financial Reporting Standard (IFRS) 17 came into effect. Replacing the previous standard, IFRS 4, which was issued in 2004, IFRS 17 aims to standardise insurance accounting globally through a uniform approach in order to improve…
Interview:Abena Amoah How is public policy positioning Ghana’s capital markets as an attractive investment destination? ABENA AMOAH: Ghana’s stable political environment and continued economic growth over the years have created a favourable environment for investment. Efforts to attract more listings and increase market liquidity provide opportunities for both local and international investors…
Interview:Shaibu Ali Where do you identify major factors underpinning growth in the insurance sector? SHAIBU ALI: Ghana’s insurance industry has seen satisfactory growth in recent years, with gross premium increasing more than 10-fold between 2010 and 2022. The insurance market is expected to continue evolving, with a high prospect of further expansion due to the untapped markets of various…
Interview:Chris Ofikulu How can financial institutions leverage the entry of financial technology (fintech) firms and telecommunications companies in the banking sector? CHRIS OFIKULU: Fintechs have emerged as invaluable partners in the digitalisation of the sector. Their rapid entry into the financial ecosystem has ushered in a wave of opportunities, including leveraging big data. Telecommunications…
Interview:Daniel Ogbarmey Tetteh Which strategies have strengthened the attractiveness of Ghana’s capital markets? DANIEL OGBARMEYTETTEH: Coordination between stakeholders is key to making Ghana an attractive destination for both domestic and international investors. This includes consolidating regulatory frameworks, diversifying investment options, improving investor education, building…
With the launch of a new joint initiative to support those countries that are most vulnerable to the effects of climate change, the global insurance industry is evolving in ways that could carry important implications for business in emerging markets. One such initiative, the Global Shield against Climate Risks (GSCR) was announced by the ministers of finance of the so-called Vulnerable Twenty Group…
