EBID President Emphasizes the Critical Importance of DFIs in Advancing Development Across Africa

This article is sponsored by BIDC

During a series of public lectures centered around the theme “Shaping Africa’s Development Finance Landscape: Challenges and Prospects”, he shared his insights at the University of Development Studies (UDS) School of Business in Tamale, Ghana.

While discussing the financial hurdles faced in capital markets, the President of EBID pointed out that private credit often struggles in economic downturns, whereas Development Finance Institutions (DFIs) can offer crucial long-term financing for investment projects. He highlighted the essential function of DFIs in aiding governments to revitalize struggling sectors and support economic recovery in the face of various global challenges.

“DFIs play a pivotal role in the advancement and development of emerging and developing nations. They are key in facilitating market growth, reducing risks, and enabling investors to explore untapped markets,” Dr. Donkor remarked. He added, “Over the years, EBID has emerged as the foremost DFI in West Africa, acting as a significant force in transforming the region through the financing of important ECOWAS projects and initiatives across prioritized economic sectors.”

He underscored the necessity for policy improvements, which include the establishment of robust corporate governance frameworks within DFIs, comprehensive risk management approaches, and strong monitoring and evaluation systems to enhance their impact on the African economy.

The lecture also explored innovative financial mechanisms, such as green funds, and outlined strategies to position Africa as a promising investment hub, while advancing towards the Sustainable Development Goals (SDGs) and the African Union Agenda 2063. The Pro Vice-Chancellor of the University, Professor Elliot Haruna Alhassan, who stood in for Vice Chancellor Professor Seidu Alhassan, presided over the event, which drew esteemed scholars, finance experts, students, and members of the general public.

  • Related Posts

    Assistance and Market Opportunities for Growing Township Businesses

    Johannesburg – A duo of emerging black-owned enterprises has received support to enhance their presence within the local township economy, thanks to an initiative by Tiger Brands designed for business…

    Continue reading
    They Treated Us Like Beasts!

    Mzansi artist Mawhoo has voiced her anger following a distressing experience at Life Fourways Private Hospital. The singer, renowned for her hit “Gucci,” took to social media to share claims…

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Assistance and Market Opportunities for Growing Township Businesses

    Assistance and Market Opportunities for Growing Township Businesses

    They Treated Us Like Beasts!

    They Treated Us Like Beasts!

    AVAX Price Drops, QUBIC Stays Steady, and BitLemons Shines as a New Contender in GambleFi

    AVAX Price Drops, QUBIC Stays Steady, and BitLemons Shines as a New Contender in GambleFi

    Gauteng Derbies Shine in Vodacom URC Spotlight

    Gauteng Derbies Shine in Vodacom URC Spotlight

    Trump and Putin Align on Ukraine Negotiations Amid Shift in US Policy

    Trump and Putin Align on Ukraine Negotiations Amid Shift in US Policy

    National Epilepsy Week: Raising Awareness About a Global Condition Impacting Millions

    National Epilepsy Week: Raising Awareness About a Global Condition Impacting Millions