African SMEs Face Finance, Fragmentation and Succession Crisis, Warns IFC Chief – The Mail & Guardian
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2 Articles
African SMEs face finance, fragmentation and succession crisis, warns IFC chief – The Mail & Guardian
International Finance Corporation (IFC) managing director Makhtar Diop has delivered a strong call to action for African leaders and investors, urging a shift from ambition to execution to unlock the continent’s vast economic potential. Speaking at the Africa CEO Forum in Kigali, Diop told a high-level audience of African presidents, ministers and business leaders in Kigali, Rwanda that the continent stood at a defining moment amid global econom…
On Tuesday, in Nairobi, in a joint statement issued at the end of the summit, African leaders, along with French President Emmanuel Macron and representatives of the major international financial institutions, denounced the effects of global economic fragmentation, geopolitical tensions and trade policies deemed unbalanced. The text stresses that Africa remains heavily dependent on exports of raw materials – hydropower, oil and gas.
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