The European Business Council for Africa

Sub-Saharan Africa’s debt crisis had been building up since the 2008/2009 crash and accelerated following the 2014 oil shock to the point that, even before the Covid-19 pandemic, one third of countries in the region were either in or at risk of debt distress. With the added pressure of Covid-19, the International Monetary Fund now estimates that the region needs to find an additional $345 billion of funding through 2023. Though the G20 has extended the Debt Service Suspension Initiative through to June 2021, for many countries in Sub-Saharan Africa the support available falls far short of the needs. Already Zambia has defaulted while oil dependent nations sit in a precarious position and South Africa’s debt is in danger of hitting 10% of GDP. In this webinar, we will discuss how multilateral institutions can go further to meet their promise to support the world’s poorest economies and explore the role of private sector lenders and capital markets in supporting sustainable fiscal balance sheets.

The world’s maritime spaces define our economies and geographies; sea routes account for 90% of global trade and half of the world’s population lives less than 60km from the sea. With 38 of 54 African States on the coast, the Continent is an important strategic conduit for international trade. Alongside trade, Africa’s aquatic spaces present opportunities in fishing, aquaculture, energy, mineral resources and tourism.

Unlocking the potential of Africa’s blue economy while maintaining environmental stability forms an important part of the African Union’s Africa 2063 strategy but also presents a significant challenge. The blue economy includes a wide range of sectors, each with their own impact on coastal and marine environments. Sustainable investment and development of these resources calls for close collaboration between the private sector, governments and local communities. In this Invest Africa webinar, stakeholders will discuss how to build better frameworks for the sustainable development of Africa’s blue economy and highlight the opportunities that it presents.

Regarding the country's economic situation, developments and trends, the business environment, export and investment opportunities in Uganda and more generally the conditions and prospects for co-operation between Uganda and Greece.

The conference will bring together leading government and business officials from Uganda as well as Greek businessmen active in that country.

The conference can be attended by members and non-members of our Chamber. Event participation is free of charge. Those interested are invited to fill out the form for their participation in order to receive the passwords to the videoconference (via zoom).

Please note that the conference will be free and will be held in English.

Can Africa do better with trade? The share of intra-African exports as a percentage of total African exports has increased from about 10 percent in 1995 to around 17 percent in 2017, but it remains low compared to levels in Europe (69%), Asia (59 %), and North America (31%). This is an important reason to expect that trade will be a key driver of growth in Africa. According to modelling results by the Economic Commission for Africa (ECA), the AfCFTA is projected to increase the value of intra- African exports. AfCFTA will be a game changer for stimulating intra-African trade. 

 Key discussion points:

  • What are the opportunities for Africa’s collaboration with other trading blocs for business development and growth?

  • What ‘best practice frameworks’ can the other trading blocs share with Africa to ensure AfCFTA’s success?

  • What are the key considerations that investors need to see from AfCFTA to ensure business continuation and investor success?

     

2020 provided many shocks to the global order, but it can be argued the year provided a second catalyst in encouraging many countries, cities and corporates alike to recommit on their climate and environment focused initiatives. Whilst this backdrop is positive it only reiterates that time is running out to achieve the SDGs.

In Africa, increased investment is required to stand any chance of achieving these goals. By leveraging blended finance solutions which can unlock catalytic funding (usually grants and donor backed capital) and subsequently crowd in private sector money, the SDGs have a better chance of being achieved. According to Convergence, Africa has consistently remained the most targeted regions for blended finance vehicles, but the trillions it promised to unlock have not been seen. With the Covid headwinds continuing to blow strong in 2021, what is the current state of blended finance solutions today in Africa? Will we be able to scale the amount of financing they receive up?

NABA members are welcome to a webinar with a business focus on East Africa.

Join us for an update on what is happening in Uganda, Tanzania and Kenya in this business briefing on East Africa.

NABA members are invited to meet the Tunisian Ambassador to Norway H.E Amel Ben Younes and other important stakeholders from Tunisia in this update.

 

Avec la crise sanitaire que le monde traverse actuellement, de nouvelles menaces à l’encontre de la santé mondiale font leur apparition. Par effet d’engrenage, les entreprises se retrouvent face à de nouveaux défis à relever quant à leur manière d’opérer en Afrique : s’adapter et se préparer à la gestion des crises sanitaires devient un enjeux primordial.

Intervenants :

  • Sylvie Briand, Directrice du Département pandémies et épidémies, OMS
  • Eric Chevalier, Directeur du Centre de crise et de soutien, MEAE
  • Isabelle Tongio, Directrice Affaires Publiques et Gouvernementales, BioMérieux
  • Gerald Steenman, Chief Medical Director, Total

“How can your business benefit from the Business Partnership Facility (BPF) Financial Grant?”

29/01/2021 – 3 PM to 4.30 PM – ZOOM Event 

The CBL ACP Financial Division invites you to a webinar on “How can your business benefit from the Business Partnership Facility (BPF) Financial Grant?”

Cher membre et non-membre,
Le 9 février 2021 à 16h (CET), la CBL-ACP, en collaboration avec son représentant permanent à Yaoundé et la collaboration de la Chambre de Commerce de Luxembourg, vous invite à rejoindre son webinaire.
Un sujet d’intérêt pour les opérateurs en Afrique : la situation économique et géopolitique au Cameroun sera évoquée. Certains représentants officiels et responsables du gouvernement belge et des membres de la CBL-ACP (opérateurs belges présents dans ce pays ) seront en mesure de comparer leurs meilleures pratiques et stratégies et de donner un aperçu de la situation économique dans ce pays.