The only thing we know about African economies is that we do not know much at all

“Mr Kale must be creative. When people are asked how much they earn, suspicion of authority makes them underestimate. Ask them how much they spend, however, and, chest puffed up, they will give a much higher number. In surveys, getting the question right matters.

Mr Kale cannot take much at face value. He even checks his own fieldworkers’ movements through GPS. Otherwise, staff may be tempted to sit at home and make up numbers rather than slogging around the country.

It was under Mr Kale that Nigerians woke up one day in 2014 to discover that their economy was 89 per cent bigger than previously imagined, making it Africa’s largest.”

http://www.ft.com/cms/s/0/68b6253a-df0b-11e5-b072-006d8d362ba3.html#axzz41jVD8msf

Smart Africa: Smartphones pave way for huge opportunities

What the railway was to Victorian England, the mobile networks are to Africa…

“Already there is an African app out of the starting blocks for almost everything: herding cattle in Kenya (i-Cow), private security in Ghana (hei julor!), remotely monitoring patients in Zimbabwe (Econet) and in Uganda, an Uber-like service (Yoza) connecting dirty laundry to mobile washerwomen.”

http://www.ft.com/cms/s/0/aba818a6-c392-11e5-808f-8231cd71622e.html?ftcamp=crm/email/2016126/nbe/ExclusiveComment/product

New post on internal capital markets of banks

I look at the policy implications of internal capital markets within multinational banks. 

click on the link below to continue reading…

http://aff.mfw4a.org/africa-finance-forum-blog/time/2015/11/30/blogpost/international-transmission-of-shocks-via-internal-capital-markets-of-multinational-banks-evidence-f.html

http://blogs.lse.ac.uk/africaatlse/2015/11/30/international-transmission-of-shocks-via-internal-capital-markets-of-multinational-banks-evidence-from-south-africa/

IFC and Ecobank partner to support SMEs in West and Central Africa

A $110m facility will help overcome the challenges of lending to smaller businesses.

“The International Finance Corporation (IFC) and pan-African banking group Ecobank have announced on May 26th the launch of a $110 million (€101 million) risk-sharing facility to increase access to finance for small and medium-sized enterprises (SMEs) in fragile and conflict-affected states in West and Central Africa.”

65% increase in FDI to Africa in 2014 (vs 2013)

“Regionally, Africa witnessed the largest increase in inward investment in 2014 versus 2013, at 65 per cent. Egypt, Morocco and Mozambique saw large increases in project numbers, while Egypt, Angola, Morocco, Ghana and Zambia all moved into the top 10 destinations in the region by capital investment, replacing Iraq, Jordan, Ethiopia, Algeria and Kenya, countries that have been affected by geopolitical uncertainty or security issues. Ghana, Nigeria and South Africa saw decreases in their project numbers.”

http://www.ft.com/cms/s/0/9066d16a-00a9-11e5-a908-00144feabdc0.html?siteedition=uk