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Salon

Financing Africa’s Future

Berlin Global Dialogue

Financing Africa’s Future

October 1, 2024

Access to finance and reduced cost of capital are critical for African countries to accelerate local growth, production and revenue generation, as well as to facilitate intercontinental and international trade. However, the continent faces significant financial challenges, including high borrowing costs and growing debt burdens. Current developments and global shifts underline that it is time to adapt the international financial architecture. A more equitable system needs to be put in place to provide a common ground for sustainable partnerships and cooperation. During our session at Berlin Global Dialogue we explored current trends and developments in Africa’s financial sector and discussed the actions needed by businesses and governments to improve the financial landscape on the continent.

Berlin Global Dialogue: Financing Africa's Future

In our session during the second edition of the Berlin Global Dialogue, we discussed measures for a more equitable global financial architecture.

First, we should deal with the perception of risk and then with the actual cost of risk on the continent.
Bogolo Kenewendo
Former Minister of Investments, Botswana, at our Global Perspectives Salon "Financing Africa's Future"
The reality is not every country on the continent is the same and not every country on the continent will move to prosperity at the same time.
Ertharin Cousin
Member of the Supervisory Board, Bayer, at our Global Perspectives Salon "Financing Africa's Future"

Contact Persons

Rhoda Berger, r.berger@globalperspectives.org

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Global Perspectives Initiative is a non-profit and independent dialogue platform based in Berlin, Germany. Global Perspectives works towards enhanced engagement and responsibility for sustainable development by German and European decision-makers and aims to strengthen African perspectives in policy making. To this end, Global Perspectives regularly brings together decision-makers from business, academia, politics, media, and civil society to discuss new approaches, provide new impulses and raise awareness on the common opportunities and challenges the two neighboring continents are facing.

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