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UNIVERSAL FINANCIAL ACCESS BY 2020? LOOK TO
AFRICA FOR INSPIRATION
The World Bank (WB) has set an ambitious goal of securing
universal access to formal financial services by 2020.
Although 700 million people have signed up for a bank
account since 2011, about two billion worldwide remain
unbanked. As the WB seeks to expand worldwide financial
inclusion, it should look to Sub-Saharan Africa (SSA) for
inspiration.
STORY OF CITIES #48: CYBERCITY, MAURITIUS – A
VISION OF AFRICA’S ‘SMART’ FUTURE?
Ebène Cybercity was built 15 years ago to create a modern
working environment for Mauritians and bring a hi-tech hub
to this island nation. So does it offer a roadmap for Africa-
or a warning of problems ahead?
FOCUS ON AFRICA
03
A NEW MAP FOR BUSINESS IN AFRICA
Only a few years ago, Africa was being dubbed “the next Asia,”
and multinationals watched with mounting interest as local
economies boomed across the continent. Although a decline in
global commodity demand has since ushered in a slowdown, Africa
remains a promising long-term growth market.
10 THINGS THE IMF WANTS YOU TO KNOW ABOUT AFRICA’S
ECONOMY
Angola this week started negotiations with the IMF for financial
support, pushed into the arms of the multilateral lender by a crash
in the price of oil, on which it depended for more than half its
government receipts.
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