Financing for Development Conference

Addis Ababa: Financing for Development

Can Africa fund its own growth?

New York:  Despite witnessing exceptional growth in development finance in recent years, Africa is still faced with the arduous task of mobilizing adequate resources to fund its growth and future transformation agenda. Given the paucity of external development assistance, and low commodity prices for its goods and services, Africa has awakened to the fact that it must rely on its own financial resources for sustainable development.

Using trade to boost Africa’s industrialization

New York:  Sanusi Lamido, a former governor of the central bank of Nigeria, once railed against his country for spending “huge resources importing consumer goods from China that should be produced locally.”

Foreign direct investment inflows to Africa remained stable in 2014, UN report says

Foreign direct investment (FDI) inflows to Africa as a whole remained stable at $54 billion in 2014, with decreases in North Africa being offset by rises in Sub-Saharan Africa, UNCTAD’s World Investment Report 2015 has revealed.

Tax incentives denying Kenya money it needs to improve livelihoods

Nairobi: Kenya is bleeding. Between 2002 and 2011 East Africa’s economic powerhouse is estimated to have lost at least Sh151 billion ($1.51 billion) to trade misinvoicing — deliberate cheating by companies on how much goods and services they have sold abroad.  That is three times Kenya’s national health budget or equivalent to about 8.3 per cent of the government’s total revenue. Companies often misinvoice to evade taxes, avoid customs duties, transfer a kickback or launder money.

New campaign to boost tax compliance in Africa

Kigali:  A new campaign to stop Africa from ‘bleeding’ is to be launched today in Nairobi by the Tax Justice Network-Africa (TJN-A), a coalition of researchers and activists focused on the harmful impacts of tax avoidance, tax competition and tax havens.  The ‘bleeding’ is symbolic of a $50 billion, which is the minimum that the continent is estimated to lose every year in Illicit Financial Flows (IFFs), as recently reported by a high level panel chaired by former South African President Thabo Mbeki.

Financing global development: what role for official development assistance?

The UN Conference on Financing for Development in Addis Ababa in July 2015 will pave the way for the implementation of the post-2015 development agenda. The Briefing Paper series “Financing Global Development“ analyses key financial and non-financial means of implementation for the new Sustainable Development Goals (SDGs) and discusses building blocks of a new framework for development finance.

High Level Policy Dialogue on Development Planning in Africa

The Capacity Development Division (CDD) of ECA, in collaboration with the African Centre for Statistics (ACS), is organizing a High Level Policy Dialogue on the topic "The impact of Data Revolution on Development Planning in Africa" from 7 to 8 July 2015 in Cotonou, Benin.

The year 2015 is decisive for Africa’s sustainable development plans

Addis Ababa:  “This is a momentous opportunity that the Africa region must seize to pave the way for its meaningful participation in the global institutional architecture for sustainable development,” declared Mr. Abdalla Hamdok, ECA’s Deputy Executive Secretary as he opened the Africa Regional Forum on Sustainable Development conference in Addis Ababa.

Amina Mohamed: speech to an informal meeting of WTO trade ministers

Paris: Speech by Amb. Amina C. Mohamed, Cabinet Secretary, Kenya Ministry of Foreign Affairs and International Trade, during the Informal Meeting of WTO Trade Ministers on the Margins of the Organization for Economic Cooperation and Development (OECD) Ministerial Council: Paris, 4 June 2015: 

Ellen Johnson Sirleaf: African nations risk missing opportunity to build on progress

For 15 years, a global partnership for development finance has delivered remarkable results in Africa – but right now that partnership is in peril. With G7 and African leaders meeting in Schloss Elmau and Johannesburg we must seize this rare chance to implement an urgent remedy.


Subscribe to RSS - Financing for Development Conference