The COVID-19 pandemic has had a major impact on the private sector in Africa, posing a threat to many firms, workers and their livelihoods. Like other regions in the world, Africa also faces the dual challenges of climate change and the digital transition. Africa has been at the forefront of the digital finance revolution, leading to many innovations in the digital sphere. In parallel, many African countries are pushing for a green transition of their economies.
The Finance in Africa report examines opportunities for Africa’s financial sector to support the recovery from the COVID-19 crisis and contribute to green, smart and inclusive private sector development. It also reviews the role of the EIB in partnering with African financial institutions, supporting them in playing a key role in mitigating the impact of the pandemic and allowing firms to bounce back.
Introductory remarks were made by Debora Revoltella, Chief Economist, European Investment Bank.
Speakers included:
- Rita Laranjinha, Managing Director for Africa, European External Action Service
- Sandra Kramer, Director for Africa, European Commission
- H.E Harriet Sena Siaw-Boateng, Ambassador, The Republic of Ghana and Mission to the EU Institutions
- Maria Shaw Barragan, Director for Global Partners, European Investment Bank
- Nina Fenton, Senior Economist, European Investment Bank
Moderator:
San Bilal, Head of Trade, Investment and Finance, European Centre for Development Policy Management