AME

A delegation of the African Development Bank ( ADB), led by his president, Donald Kaberuka, attended the last G20 summit in Seoul. On the initiative of South Korea, the development was registered as a full point on the agenda. A series of measures of economic policies were organized to warn future financial crises..

A high-level group will be established to recommend the measures which will allow to review the executives of politics of the multilateral banks of development. (MBD).

The investors turn to Africa

Because of uncertainties of financial markets and world capital markets and of the important need of natural resources as the oil, the investors turn to Africa.

The flows of direct foreign investment ( DFI) towards African countries considerably increased.

Africa is so in an unusual situation: it obtains the growth rate of the foreign investments the most raised by the world, the developing countries and the new industrial nations, according to the United Nations Conference on Trade and Development (UNCTAD). "The potential of investment of Africa is enormous, declared Ibrahim Gambari, General Secretary of the UNO and special Adviser for Africa. The return on investments in Africa is maybe the most important in the world right now." "Help the efforts of the African countries to define and hold politics for investments is a priority for the NEPAD." In spite of this bright upturn, the flows of DFI towards Africa remain tiny with regard to the world flows. Africa continues to receive less than $billions 10 % of investments granted to all the developing countries.

SMEs/SMIs represent 90 % of the private sector in Africa, without forgetting that they are the engine of the growth within this continent.

Nevertheless these companies know difficulties linked to the problem of management and to the environment. It is in this context that a study was led to bring these to take initiatives and to develop.

The results of these studies were presented, on Tuesday, May 25th, 2010, at the Abidjan-Cocody Ivory Hotel, in prelude to the 45th annual Assembly of the African Development Bank ( ADB). Mrs Leila Mokaden, head of division of the financial institutions of the ADB indicated that the constraints of the SME are not only the access to the credit. However, she announced that there is a Guarantee fund for the financing of the SME within the ADB.

And that on the 2 billion dollars from the department of the private sector of the ADB, 1 billion is dedicated to SME.

Well before the media wave of professor Yunus Grameen Bank and for microfinance, Cooperatives of savings and credit had been organized in Burkina and in Togo, at the beginning of 1970s. Contrary to the generally accepted ideas, they showed that it was possible to collect the savings in rural areas, to grant of the credit which paid off in almost 100 % and to make manage, for the main part, these new structures by the members, without state interventions.

Since, these cooperatives increased, won the urban society, diversified their financial products, professionalized and became computerized. Other countries as Benin, Mali or Senegal joined this dynamics. Six national networks recently met, in June, 2007, in a Confederacy of the financial institutions. They now represent more than 1,8 million members and are, for the greater part, leaders in their countries for the collection of the savings and the granting of credit.