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Making the financial system more accessible to SMEs - Increasing SME Access to Finance: A Four Pronged Approach
Most African financial systems are fragmented. The “missing middle” in the pattern of size of firm is matched by one in the range of financing available.

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Wall Street, “Africa is Investing’s Final Frontier”
I came across an interesting article in Canada’s Globe & Mail entitled, “Africa - Investing’s Final Frontier?“. The piece talks about how Africa has been overlooked, primarily due to the perceived risks associated with putting money into play in Africa. They quote extensively from Merrill Lynch chief investment strategist Richard Bernstein and his thoughts on what makes Africa a potential big hit in the coming years.
7 Lessons from Africa’s Successful Entrepreneurs?
So far The Benin Epilogue has attempted to tackle several different issues. Key among them have been: Building awareness about the entrepreneurs behind a few of Africa’s most thriving enterprises Helping to illustrate why foreign firms should do more foreign direct investment in Africa Attempting to showcase the diversity that exists in Africa’s business environment One of the topics which we have not touched on yet, here, is what can a entrepreneur in Africa do to find success?

2.4 Growth prospects for 2007 and the medium-term outlook: Economic Report on Africa 2007
Africa is expected to grow at a rate of 5.8 per cent in 2007, slightly higher than the rate recorded in 2006 (5.7 per cent) (figure 2.8). Positive growth rates are projected for all subregions led by North Africa (6.6 per cent), East Africa (6.0 per cent), Southern Africa (5.4 per cent), West Africa (4.9 per cent) and Central Africa (3.5 per cent).
Blogging Africa into the 21st Century
Discussion on Africa’s development is taking a new dimension. Bloggers have joined this debate and are employing new ways to initiate dialogue about Africa’s development round the world. The latest craze that seeks to use technology to push Africa into the 21st Century is the Carnival of Africa Enterprising. This is basically a traveling web magazine or blog that discusses business in Africa.
Lonrho to Acquire 51% Stake and Control of Mozambican Microfinance Bank, Socremo Banco de Microfinancas
Lonrho, the British conglomerate that is rapidly growing a portfolio of investments in Africa, has announced that it has signed a letter of intent to acquire 51% and board control of the second largest bank in Mozambique, Socremo Banco de Microfinancas (Socremo). The transaction is subject to Reserve Bank of Mozambique approval.
From Rhetoric to Action: The African Investment Climate Facility
The Investment Climate Facility (ICF) for Africa, an innovative public private partnership aimed at making Africa a better place in which to do business, was launched. The Commission for Africa, convened by the United Kingdom government, had proposed the initiative, which was endorsed at last year's World Economic Forum Africa Economic Summit and by the leaders of the G 8 industrialized nations at their summit in Scotland. According to ICF Co Chair and session Chair Niall FitzGerald, Chairman, Reuters, United Kingdom; Member of the Foundation Board of the World Economic Forum, the facility had already received US$ 90 million in commitments. Additional unspecified pledges made by the European Union and the African Development Bank during the session were likely to push the total above US$ 100 million.
What Drives China’s Growing Role in Africa?
China’s fast-growing economic ties with Africa are attracting considerable attention. The relationship came into the spotlight during the summit of the Forum on China-Africa Cooperation (FOCAC) in Beijing in November 2006 and the Annual Meetings of the African Development Bank (AfDB) in Shanghai in May 2007. While the expansion of trade and investment between Africa and China has been generally welcomed, concerns have been expressed about how China’s growing presence might affect African development.2 But what roles exactly has China played?
II.C. Other Debt-Creating Financial Flows: TRADE AND CAPITAL FLOWS BETWEEN CHINA AND AFRICA
Aside from intergovernmental loans, there are other debt-creating financial flows from China to Africa, mainly trade credits, some of which are medium- and long-term.13 Trade credit may be provided by suppliers or financial institutions. Of these the Export-Import Bank of China (China Exim Bank) is the most active. Its total export credit and international guarantee business increased to US$19.8 billion in 2006, from US$15.2 billion in 2005. Though China Exim Bank does not report activities by region, there is clear evidence of significant and expanding operations in Africa.
III. B. State Financial Institutions: THE ROLE OF CHINA’S PUBLIC SECTOR
Among the large number of state-owned financial institutions, China Exim Bank and China Development Bank (CDB) are the two primary agencies implementing China’s new pledge to Africa; the former is responsible for the preferential credit component (US$5 billion) and the latter for the FDI support fund (US$5 billion).
The $20 Billion African Remittance Market
Remittances (money sent back home from Africans living abroad) back to Africa constitute some big numbers for Africa. About $10 billion gets sent to sub-Saharan Africa. That’s the official number of course, a World Bank report stated that it’s likely double that amount, due to Africans using non-traditional means to send capital back home.
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