Development Finance Institutions (DFI) help countries co-finance their economic development needs. On the continent, these institutions fill in funding gaps in critical areas such as infrastructure, renewable energy, health, transport and agriculture. These global development banks have provided up to $1.3 trillion annually, representing about 43% of Africa's Gross Domestic Product.
This does not come without challenges: political instability, a lack of private sector investment, volatile currency, sustainability of projects and government technical capacity that make it hard to invest. As we broadcast from a continental DFI gathering, we thought to bring a panel experts who can their insights on the role of these specialized banks help build economic development on the continent. We are joined by…
Guest (Abijan): Dr. Precious Dube - Macro Economist Rand Merchant Bank
Guest (Abijan): Zeph Nhleko - Chief Economist at the Development Bank of Southern Africa