Trade Finance in Africa: Trends Over the Past Decade and Opportunities Ahead

“Participation in trade finance activities by banks has slowly but steadily decreased.”

via African Development Bank

African Development Bank approves $27.33 million to ramp up the African Union’s COVID-19 Response Initiative

“The African Development Bank’s Board of Directors approved $27.33 million in grants to boost the African Union’s efforts to mobilize a continental response to curb the COVID-19 pandemic. This support will complement various national and sub-regional operations financed by the African Development Bank to contain and mitigate the impacts of the pandemic.”

via African Development Bank

Mispricing of Sovereign Risk and Investor Herding in African Debt Markets

“This mispricing may arise from international investors’ herding behavior in the case of Africa due to more asymmetric information, lack of adequate resources to analyze economic fundamentals due to market size, or institutional reasons such as geographic heuristics for diversification.”

via African Development Bank