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Digitisation key to financing development

digitising finance

MARRAKESH, Morocco, March 2019 –  Africa must digitise its economies, broaden its tax base, prevent further deterioration of fiscal and debt positions, and aim for double-digit growth to achieve the UN 2030 global goals (SDGs), and the AU Agenda 2063 according to the 2019 Economic Report on Africa released today at the Conference of Ministers. [Read more…]

Euro Finance

European Central Bank

Euro: Its strength relative to other currencies is “crazy,” says Fabrice Brégier, chief executive of Airbus’s passenger jet business. Europe cannot be “the only economic zone of the world that doesn’t consider its currency… as a key asset to promote its economy.” [Read more…]

2014 Trends In Personal Finance

Bank transfers are history and contactless is the future, says founder Kent, as he predicts Personal Finance Trends for 2014. Using his insider knowledge of the rapidly evolving consumer finance sector, Azimo founder Michael Kent, has revealed the top five ways we’ll be spending money differently over the next twelve months. Azimo, the online international […]

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Golden Aspirations for Zimbabwe

gold hands

Zim aims to be among top five gold producers in Africa
Harare – Zimbabwe is aiming to become one of the top five gold producing countries in Africa within the next three years, says Finance and Economic Development Minister Patrick Chinamasa. [Read more…]

G20 to curb currency devaluation

G20 discuss Currency

G20 discuss Currency

Moscow- Finance Ministers and central bankers of the Group of 20 (G20) on Saturday pledged not to target exchange rates or devalue currencies for the purpose of making them more competitive. [Read more…]

Zuma, Sarkozy to discuss global finance reforms

Pretoria – International Relations Minister Maite Nkoana-Mashabane says calls for reforms in global finance governance will form part of the discussions between President Jacob Zuma and his French counterpart Nicolas Sarkozy as the two meet for bilateral talks this week.

 

Sarkozy, Zuma Business

Sarkozy, Zuma Business

Zuma is on a state visit to France at the invitation of Sarkozy, accompanied by several Cabinet ministers, including Nkoana-Mashabane.

“It’s something that South Africa believes needs to be discussed. We (were) in this deep financial crisis not because of our own choice, so [no] proposals should be off the table… including how we can handle the challenges that come with climate change,” Nkoana-Mashabane said during an interview.

She also said South Africa will be looking forward to “cooperating with France” as Durban will host the biggest climate conference (COP 17) later this year.

The visit to France follows an invitation sent to Zuma by Sarkozy, with Nkoana-Mashabane describing the meeting as “strategic.” France considers South Africa as its top trading partner on the African continent, with more than 120 French companies operating in South Africa.

“We see eye to eye on the… positive development of the African agenda… We’ve got very good economic ties with France and it is our seventh most important trading partner and France also talks the same language with us on reforms of institutions of global governance,” said the minister.

France has also been spearheading the idea of expanding the alliance of the richest nations, the G8, to accommodate some of the top emerging economies, including South Africa, India and Brazil. – BuaNews