Keynotes
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Saturday
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2:30 pm
Klarman Hall
Diverse

Africa Forward: Enhancing Africa’s Global Competitiveness

Financial services have made tremendous progress in Africa, yet access to affordable credit remains a long way away for everyone from consumers to SMEs to governments. This panel seeks to ask the tough questions and understand why the cost of capital in Africa is still so high.

Africa Forward: Enhancing Africa’s Global Competitiveness

Financial services have made tremendous progress in Africa, yet access to affordable credit remains a long way away for everyone from consumers to SMEs to governments. This panel seeks to ask the tough questions and understand why the cost of capital in Africa is still so high.

America/New_York
Feb 17, 2024 2:30 PM
Klarman Hall

Other Sessions

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Keynotes
Friday
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3:30 pm
Klarman Hall
Undoing the African Debt Trap
What role does the public and private sector play in undoing sovereign debt traps in Africa
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Undoing the African Debt Trap

In 2022, public debt in Africa reached USD 1.8 trillion. While this is a fraction of the overall outstanding debt of developing countries, Africa’s sovereign debt has increased by 183% since 2010, a rate roughly four times higher than its growth rate of GDP in dollar terms. Today, 60% of African countries spend more on repaying their debts than on healthcare, a trend that has been exacerbated by the COVID-19 pandemic, the war on Ukraine and the overall economic slowdown in the past few years. While international organizations have stepped in to support (for example, the G20 assisted 31 out of 36 eligible African countries with its Debt Service Suspension Initiative (DSSI)), the question remains: Why has Africa not been able to break out of this debt trap? And what role does the public and private sector play in moving past this dynamic?

America/New_York
Feb 16, 2024 3:30 PM
Klarman Hall
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Specials
Saturday
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9:00 am
Meredith Room, Spangler Hall
Showcase
Inaugural Brand Showcase
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Showcase

The inaugural showcase will spotlight artisanal talent from across the continent via art, fashion, and cultural artifacts. Join us to engage with our phenomenal partner brands and celebrate the rich tapestry of African creativity.

America/New_York
Feb 17, 2024 9:00 AM
Meredith Room, Spangler Hall
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Lunches
Saturday
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12:25 pm
Aldrich 010
Sponsor Informational Lunch: CH Group
Sponsor informational lunch.
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Sponsor Informational Lunch: CH Group

The sponsor informational lunch will include a company presentation and the opportunity to connect with some of the company's executives.

America/New_York
Feb 17, 2024 12:25 PM
Aldrich 010