There were positive messages coming from countries in the east and west of Africa at last week’s three-day Standard Bank Africa Investors Conference in London last week.
This was the fourth annual conference hosted by Standard Bank Group and 150 delegates attended, inluding government ministers, central bankers, investors and corporates from numerous key Africa countries. The event provides a unique, high-level networking platform for institutional investors to engage with policy makers and corporates from across Africa.
Agriculture is the mainstay of the Ugandan economy Ms Maria Kiwanuka, the country’s Minister of Finance, Planning and Economic Development, told delegates at the closing of Standard Bank Africa Investors Conference in London yesterday. Ms Kiwanuka highlighted numerous positive developments in Uganda aimed at attracting investors to her country.
“Our economy is open and fully liberalised. Investors can bring in whatever money they want and take out as much as they want. We are private sector drive,” she said.
For over 10 years, the South African publication, the Mail & Guardian has celebrated the achievements of South African society in sustaining a healthy planet for those who live in it. They have done so through their annual flagship, Greening the Future.
The awards look at technological innovations and forward-thinking green technologies. This year Standard Bank Group was recognised by the Mail & Guardian Green Future Awards, achieving the runner-up position for energy efficient and carbon management. http://bit.ly/1iybFTp
Ghana’s rate of depreciation has slowed due to measures put in place by the Central Bank, says Dr Henry Kofi Wampah, Governor of the Central Bank of Ghana, who is pictured here with Standard Bank Group's Head of Research for Africa, Stephen Bailey-Smith, at the Standard Bank Africa Investors Conference in London.
Addressing investors at the annual conference in London today, Dr Wampah said that measures put in place by the Central Bank included increasing the Monetary Policy rate by 200 basis points earlier this year and tightening cash reserves.
Foreign direct investment into Africa has continued despite the ongoing global economic challenges. This is just one of the messages coming out of the Standard Bank Africa Investors Conference taking place at our London offices. William Blackie, Deputy Head of Investment Banking at Standard Bank Group, is there and says that there Africa still has a lot to offer foreign investors.
The Prime Minister of Tanzania, Hon. Mizengo Peter Pinda (MP), today addressed the Vice President of China, HE. Li Yuanchao, at the opening of a two-day China-Tanzania business forum being held in Dar-es-salaam.
Stanbic Bank Tanzania, a member of Standard Bank Group, is platinum sponsor of the event, which is themed "Tanzania and China Relations: Strengthening Partnerships in Pursuit of Increased Investment and Trade”. Topics under discussion focus on harnessing the potential for cooperation on investment, trade and socio-economic development between the two countries.
We are bringing together policymakers, investors and corporates to discuss investment in Africa at the Standard Bank Africa Investors Conference that kicks off tomorrow at the Standard Bank London offices. Finance ministers from several key African countries, including Nigeria, Ghana, Uganda and Zambia, as well as central bank governors and deputy governors, will attend the annual event.
Representatives from other countries will also be there, including those of South Africa, Kenya, Mozambique, Zambia and Rwanda.
Economic development and inclusive growth is linked to infrastructure development and investment – all of which are not possible without consistent and reliable power supply.
Given the on-going energy deficient issues facing Africa there has been an increasing focus on finding sophisticated funding solutions that governments can embrace to meet their power needs.
Although investment in the power industry is dominated by the public sector, there is a shift towards private sector funding models.
South Africa is in the grip of another cold winter and with it an exaggerated shortage of power. We can all make a difference by choosing not to run geysers and big applicances like ovens, stoves and washing machines in the between the critical hours of 5pm and 9pm.
For families it does mean thinking differently, such as cooking suppers earlier and keeping it warm in a Wonderbag (http://nb-wonderbag.com). For the longer term you may consider switching to gas for cooking or solar for water heating.
The success of the Renewable Energy Independent Power Producer Procurement programme (REIPP) in South Africa has been celebrated as a victory for alternative energy generation in Africa.
We recognise the importance of renewable energy and have assisted in bringing 121.5MW of renewable energy to the national grid through three projects. These projects are part of Standard Bank Group’s commitment to fund more than 940MW of renewable energy under the REIPP initiated by the South African government.
Watch this video to find out more about these projects http://bit.ly/1qgHj7J.