<div style="max-width: 700px;"><video-js data-account="1571595826001" data-player="default" data-embed="default" controls="" data-video-id="6087742297001" data-playlist-id="" data-application-id="" class="vjs-fluid"></video-js></div>
<p><script src="https://players.brightcove.net/1571595826001/default_default/index.min.js"></script></p>
<p>To discuss the World Bank Group&#8217;s strategy to maximise finance for development, International Finance Corporation&#8217;s (IFC) Vice President for Economics and Private Sector, Hans Peter Lankes joins CNBC Africa for more.</p>


IFC’s Peter Lankes on how to maximise finance for development

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=6055823061001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>The Central Bank of Nigeria has directed Deposit Money Banks to offer mobile money wallets without prior approval. Chidinma Lawanson, Financial Services Consultant at International Finance Corporation (IFC) joins CNBC Africa for more.</p>


Improving payment services in Nigeria

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=6015542404001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>The third edition of the one planet summit took place in Nairobi, engaging both the public and private players on how to curb global warming. But for this to be realized, financing is a necessity for low- carbon, resilient infrastructure and services for African Cities. CNBC Africa caught up with Hans Peter Lankes, Vice President of Economics and Private Sector Development, IFC for more on this.</p>


IFC’s Hans Peter Lankes talks on financing low-carbon infrastructure in Africa

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=6013377262001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>The World Bank Group together with the government of Kenya, France, and the United Nations are hosting the “One Planet Summit” which seeks to accelerate and focus attention on climate investments in line with the Paris Agreement objectives. The IFC has launched a report on the potential climate investments in cities for more CNBC Africa is joined by the IFC&#8217;s Vice President of Economics and Private Sector Development- Hans Peter Lankes.</p>


Kenya gears up for global climate change summit

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=6013038080001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>Amrei Botha, Senior SME Banking Specialist at the IFC joins CNBC Africa to unpack the Unseen Sector report which assesses the micro, small and medium enterprise landscape in South Africa.</p>


How SA can build a better ecosystem for SMEs

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=6007199727001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>A workshop was held today in an effort to strengthen integrated reporting and disclosure practices among Rwandan companies. The workshop was hosted in collaboration with the Capital Market Authority and International Finance Corporation with the goal of building investor trust and attracting capital. Roman Zyla joins CNBC Africa for more.</p>


Rwandan companies train to strengthen disclosure practices

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5999076982001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>About 40 per cent of Tanzanians are still excluded from the financial system. To tackle the demand and supply-side constraints, Bank of Tanzania and the International Finance Corporation today launched a Credit Reporting Awareness and Financial Literacy Campaign. To explore more on credit reporting and why it matters for Tanzanians CNBC Africa is joined by Nkanwa Magina, Credit Reference Operations Manager, Bank of Tanzania.</p>


Bank of Tanzania launches financial literacy & credit reporting awareness campaign

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5999083707001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>According to a report by the IFC, Africa will need US$25 billion &#8211; US$30 billion in investment in physical healthcare assets by 2022 alone. With the continent’s current state accounting for 25 per cent of the world’s disease burden, Amref Health Africa Global CEO, Githingi Gitai, joins CNBC Africa for more.</p>


Does health matter for economic growth?


<p>By
Sérgio Pimenta</p>



<p>Visitors
to Madagascar can’t miss the <em>zebu</em>
cattle that dominate the country’s landscape. The long-horned animals plow farmers’
fields, earn right-of-way ahead of cars on city streets, and play a starring
role on Madagascar’s coat of arms.</p>



<p>Despite their
prominence, Madagascar’s zebu population is in steep decline. Disease, poor
nutrition, and substandard care have led zebu herds to dwindle from 23 million
in the early 1980s to about 6 million today. That’s hurting farmers’ incomes,
cutting jobs in the agriculture sector, and hampering a potentially lucrative
export market.</p>



<p>Enter BoViMa, an
entrepreneurial Malagasy company that is rebuilding the island’s cattle
industry and resurrecting zebu beef exports.</p>



<p>With IFC support,
BoViMa—short for Bonne Viande de Madagascar—is building a modern feedlot and
slaughterhouse in Madagascar’s impoverished south. The feedlot will source zebu
and animal feed from local breeders and farmers and export internationally
certified meat to the United Arab Emirates and other Gulf markets. To
facilitate exports, the World Bank worked with the authorities to revamp
veterinary regulations and services. </p>



<p>Private sector
investments like BoViMa do more than create jobs – they can also rehabilitate
economies of fragile countries like Madagascar. Still, investors
are wary of entering conflict-affected countries for many good reasons – poor
infrastructure, lack of market intelligence, and political instability.
Bovima’s experience in Madagascar shows how governments and development
financiers can take an upstream approach to identify, assess, and prioritize
new opportunities—in this case veterinary services and other infrastructure
that ultimately led to a project worthy of commercially-based financing.</p>



<p>Africa today is home to 21 of the 39
countries classified by the World Bank Group as fragile or conflict-affected.&nbsp; They are not, however, destined to remain poor.
</p>



<p>Businesses backed by IFC and its
partners are rebuilding infrastructure, supporting entrepreneurs, and increasing
livelihoods for farmers, women, and youth in markets as challenging as the
Democratic Republic of Congo, Liberia, and Madagascar.&nbsp; </p>



<p>While there is no easy path for investors to enter and thrive in fragile countries, thanks to our experience on the ground, we understand better why many are finding opportunities in Africa’s unlikely markets. IFC has identified the following tips to guide investors, based on our six decades of experience: </p>



<ol class="wp-block-list"><li><strong>Be
present on the ground </strong></li></ol>



<p>IFC
does 80 percent of its business in places where we have people on the ground
working closely with local companies to demystify the market and find investment
opportunities. Investors will find it useful to partner with local firms to
help them with governance, compliance, and operations. </p>



<ul class="wp-block-list"><li><strong>Be sensitive to conflict
dynamics</strong></li></ul>



<p>A
one-size-fits all approach does not work in fragile countries. Investors must
examine the local political, legal, financial, and cultural context. All
investments should strive increase stability, and not reinforce—or ignore—old antagonisms.
</p>



<ul class="wp-block-list"><li><strong>Engage
with the private sector early</strong><strong></strong></li></ul>



<p>Governments of countries
emerging from conflict often put in place new, investment-friendly regulations
to attract capital. As reforms are enacted, early engagement of the private
sector is crucial. Sometimes, a viable private sector investment is an effective
entry point into fragile countries, even when reforms are not yet in place. Working
with local businesses in critical sectors like agriculture can channel
resources and expertise to local value chains and identify regulatory
bottlenecks that need to be addressed for future investment.</p>



<ul class="wp-block-list"><li><strong>De-risk
investments</strong></li></ul>



<p>Blending
public and private funds can help crowd-in other investors, while
local-currency financing can reduce risks for local companies.&nbsp; </p>



<ul class="wp-block-list"><li><strong>Innovate</strong></li></ul>



<p>It is never business as
usual in fragile countries. Investors should be flexible, and constantly revise
approaches and funding mechanisms. For example, IFC’s SME Ventures program
draws private equity to fragile markets by creating funds that invest in
smaller businesses. There were doubts about whether the model would work, but since
2008, SME Ventures has invested $88 million in close to a hundred small
businesses. </p>



<ul class="wp-block-list"><li><strong>Broaden the impact of
investments</strong></li></ul>



<p>Investors must strive to lift
as many as possible out of poverty. Working with SMEs can equip local
entrepreneurs with skills and financing to participate in the value chains of
large projects. Likewise, development finance institutions can work in
partnership to reach a wider range of people.&nbsp;
</p>



<p>While these guidelines won’t guarantee success, they are a good starting point for investors willing to take a risk in Africa’s most challenging markets. It’s not easy, but when investments pay off, first movers will be rewarded. Many times, investment breeds investment. </p>



<p>Consider
IFC’s track record in fragile countries. Since 2009, we have invested over $3
billion in Africa’s fragile countries. The impressive economic growth seen in
countries like Rwanda and Côte d’Ivoire is proving that fragile states are not
prisoners of their histories.&nbsp; With
responsible investment, they will become tomorrow’s dynamic, high growth
economies. </p>



<p><em>Sérgio Pimenta is Vice
President for Middle East and Africa at IFC. This week IFC is marking 10 years
of its Conflict Affected States in Africa initiative, which has developed
advisory programs to support investment in fragile and conflict situations with
donor support from Ireland, the Netherlands, and Norway.</em></p>


Op-Ed: Africa is home to 21 of the world’s 39 fragile or conflict-affected countries, this is how private investment can fix this

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5989198884001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>In its recently revised National Financial Inclusion strategy, the Central Bank of Nigeria says its major focus is to reduce the proportion of adult Nigerians that are financially excluded to 20 per cent by 2020 from it baseline figure of 46.3 per cent in 2010.  Chidinma Lawanson, Financial Services Consultant at IFC joins CNBC Africa to discuss how this revised strategy is likely to impact Nigeria’s financial inclusion drive.</p>


Assessing Nigeria’s financial inclusion strategy

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5973072379001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>The recent move by the Central Bank of Nigeria to strengthen the capital base of Microfinance banks has been received with mixed reactions. But how does this impact Nigeria&#8217;s financial inclusion drive? Chidinma Lawanson, Financial Services Consultant at IFC joins CNBC Africa to discuss this.</p>


CBN’s minimum capital for MFBs: Impact on Nigeria’s financial inclusion drive

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5967818667001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>The Global Head of Treasury and Syndications at the International Finance Corporation (IFC) Frederic Wandey, joins CNBC Africa to discuss capital markets development in Sub-Saharan Africa and IFC’s initiatives in the region.</p>


IFC’s Frederic Wandey talks on capital markets development in Africa

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5844289456001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>The Partnership for Financial Inclusion 2018 Knowledge Event is being hosted by the IFC and the Mastercard Foundation in Dar es Salaam, Tanzania. The six-year old partnership for financial inclusion in Africa brought many key lessons for the IFC and the World Bank, as well as regulators on the continent. CNBC Africa&#8217;s Godfrey Mutizwa spoke to Martin Holtman, Manager, Digital Finance and Micro Finance at the IFC.</p>


IFC’s Martin Holtman on 2018 Partnership for Financial Inclusion Knowledge event

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5843827446001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>The IFC and Mastercard Foundation&#8217;s Partnership for financial inclusion in Africa was launched in 2012. Over the past six years, its achievements far surpassed the initial expectations. CNBC Africa&#8217;s Godfrey Muitizwa spoke to Ann Miles, Director, Thought Leadership and Innovation, Mastercard Foundation, at the Partnership for Financial Inclusion 2018 Knowledge Event hosted by the IFC and the Mastercard Foundation in Dar es Salaam, Tanzania.</p>


Expanding digital financial inclusion in Africa

<p>IFC, a member of the World Bank Group, today announced a $60 million investment in a regional risk-sharing facility to support Bank of Africa Group’s lending to small and medium enterprises in eight African countries, facilitating growth and job creation in the region.</p>
<p>The investment was made possible with support from the Women Entrepreneurs Opportunity Facility (WEOF), launched by IFC through its Banking on Women Program, and Goldman Sachs 10,000 Women. Further support came from the Global SME Finance Facility, a blended-finance partnership among IFC, the UK Department for International Development, and the Netherlands Ministry of Foreign Affairs.</p>
<p>IFC’s investment will cover as much as 50 percent of the risk on up to $120 million equivalent in loans to local SME’s in Burkina Faso, Ghana, Madagascar, Mali, Niger, Senegal, Tanzania and Togo. Half the facility is earmarked for women-run businesses, and for climate-related improvements, such as energy efficient equipment upgrades, small solar or biomass systems, and climate-smart agricultural supply chains.</p>
<p>Cristina Shapiro, Head of 10,000 Women, said, “Goldman Sachs research shows that closing the credit gap for women-owned SMEs in emerging markets could push income per capita an average of 12 percent higher by 2030. Women entrepreneurs have real potential to impact Africa’s future growth. Through this partnership, we will help to build resilient, women-owned businesses, and enable women entrepreneurs to reach their full potential with the capital and support they need.”</p>
<p>Oumar Seydi, IFC Regional Director for Africa, said, “Expanding SME financing, especially in markets where risks are higher, is an important pillar of IFC’s Africa strategy. This facility will allow BOA to extend over 5000 loans to underserved SME’s in the next five years. It could have a transformational impact in the participating countries, seven of which are low income, and five fragile or conflict-affected.”</p>
<p>SMEs are a prime source of growth, jobs and innovation, but can only succeed when they can access sufficient financing. In sub-Saharan Africa, where roughly 350 million new jobs will be needed in the next 20 years, they account for 30 to 60 percent of GDP, and 67 percent of jobs.</p>
<p>The WEOF is a facility dedicated to expanding access to capital for 100,000 women entrepreneurs globally. IFC’s Banking on Women Program has committed 64 investments globally worth $1.71 billion, and advised on 39 projects since its launch in 2010. Of these, the WEOF has supported about $1 billion in commitments to financial institutions in 26 countries.</p>
<p>IFC plays a significant role helping SMEs access financing. The Global SME Finance Facility is a key part of this strategy, helping financial institutions better meet the financial needs of SMEs. Since its creation in 2012, the Global SME Finance Facility has provided investment and advisory solutions to more than 130 projects in 32 countries, strengthening financial infrastructure in low-income markets. It has committed over $1 billion in investments.</p>
<p><strong>About Bank of Africa Group</strong><br />
Bank of Africa Group is presently established in 18 countries, 8 of which are in West Africa (Benin, Burkina Faso, Ghana, Ivory Coast, Mali, Niger, Togo and Senegal), 8 in East Africa and the Indian Ocean region (Burundi, Djibouti, Ethiopia, Kenya, Madagascar, Rwanda, Tanzania and Uganda) as well as in the Democratic Republic of Congo and in France. Bank of Africa Group has its majority shareholding held by BMCE Bank the third bank in Morocco. It provides solid strategic and operational support to Bank of Africa Group, as well as direct access to international markets thanks to its presence in Europe, Asia and North America. Established over 35 years ago, BOA Group presently has 6,000 employees and a consolidated balance sheet of €7.7 billion and consolidated net profit of €125.3 million as at December 31st, 2017, with €76 million Group profit.</p>
<p><strong>About IFC</strong><br />
IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In FY17, we delivered a record $19.3 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity. For more information, visit www.ifc.org</p>
<p><strong>About Goldman Sachs 10,000 Women</strong><br />
The Goldman Sachs 10,000 Women initiative is a campaign to foster economic growth by providing women entrepreneurs around the world with a business and management education and access to capital. The initiative has reached women from across 56 countries through a network of 100 academic, nonprofit, and bank partners. In partnership with the International Finance Corporation (IFC), Goldman Sachs 10,000 Women launched the first of its kind global finance facility in 2014 to enable access to capital to more women entrepreneurs.</p>
<p>&nbsp;</p>
<p>&#8211; IFC (International Finance Corporation) press release.</p>
<p>&nbsp;</p>


IFC to invest $60 million in Bank of Africa to support SME lending in eight African countries

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5776695890001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>The development of Africa will be best with science and research; however the continent has a research gap. This is according to Esther Kunda, Program and Operations coordinator for Next Einstein.</p>


Role of research in Africa’s development

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5776696928001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>Technology can help Africa skip traditional development stages to fast-forward economic growth, manage resources more efficiently, and bring essential services to the most vulnerable people.</p>


IFC

IFC’s Peter Lankes on how to maximise finance for development

Improving payment services in Nigeria

IFC’s Hans Peter Lankes talks on financing low-carbon infrastructure in Africa

Kenya gears up for global climate change summit

How SA can build a better ecosystem for SMEs

Rwandan companies train to strengthen disclosure practices

Bank of Tanzania launches financial literacy & credit reporting awareness campaign

Does health matter for economic growth?

Op-Ed: Africa is home to 21 of the world’s 39 fragile or conflict-affected countries, this is how private investment can fix this

Assessing Nigeria’s financial inclusion strategy

CBN’s minimum capital for MFBs: Impact on Nigeria’s financial inclusion drive

IFC’s Frederic Wandey talks on capital markets development in Africa

IFC’s Martin Holtman on 2018 Partnership for Financial Inclusion Knowledge event

Expanding digital financial inclusion in Africa

IFC to invest $60 million in Bank of Africa to support SME lending in eight African countries

Role of research in Africa’s development

How technology can help Africa fast forward economic growth

News Tips

Advertise With Us

IFC

IFC’s Peter Lankes on how to maximise finance for development

Improving payment services in Nigeria

IFC’s Hans Peter Lankes talks on financing low-carbon infrastructure in Africa

Kenya gears up for global climate change summit

How SA can build a better ecosystem for SMEs

Rwandan companies train to strengthen disclosure practices

Bank of Tanzania launches financial literacy & credit reporting awareness campaign

Does health matter for economic growth?

Op-Ed: Africa is home to 21 of the world’s 39 fragile or conflict-affected countries, this is how private investment can fix this

Assessing Nigeria’s financial inclusion strategy

CBN’s minimum capital for MFBs: Impact on Nigeria’s financial inclusion drive

IFC’s Frederic Wandey talks on capital markets development in Africa

IFC’s Martin Holtman on 2018 Partnership for Financial Inclusion Knowledge event

Expanding digital financial inclusion in Africa

IFC to invest $60 million in Bank of Africa to support SME lending in eight African countries

Role of research in Africa’s development

How technology can help Africa fast forward economic growth

News Tips

Advertise With Us

Newsletters