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Begin New Search Topic Economic Growth Political Geography Africa Publishing Institution The African Capacity Building Foundation (ACBF) Publication Year within 10 Years

1. Policy Brief 1: Building Capacity for Development of Factoring in Africa to accelerate trade development and support AfCFTA

Author:
The African Capacity Building Foundation
Publication Date:
03-2021
Content Type:
Policy Brief
Institution:
The African Capacity Building Foundation (ACBF)
Abstract:
This Policy Brief developed by the African Capacity Building Foundation (ACBF) and the African Export–Import Bank (Afreximbank) explores the opportunities offered by factoring which provides a solution to address the financing gap for Small and Medium enterprises (SMEs) to support Africa’s structural transformation particularly in trade development as part of the African Continental Free trade Agreement (AfCFTA). The aim of the Policy Brief is to examine the capacity imperatives for the development and use of factoring as an innovative trade financing tool to advance the AfCFTA. The Policy Brief notes that Africa performance in the factoring market needs to improve significantly based on a number of key indicators – such as share in global factoring, including international factoring, innovation such as reverse factoring, number of factoring companies, turn-over per factoring companies and factoring GDP penetration. The Policy Brief also highlights that Africa’s factoring volume of about US$27 billion representing a share representing a share of 0.84% in the global factoring market of approximately US$3,300 billion a year in 2019 is extremely low. It therefore argues that Africa needs a coordinated approach to capacity development to successfully develop and use factoring.
Topic:
Development, Economic Growth, Trade, and Banking
Political Geography:
Africa

2. Factoring in Africa to support trade development: Challenges and opportunities for growth through capacity development.

Author:
The African Capacity Building Foundation
Publication Date:
01-2021
Content Type:
Working Paper
Institution:
The African Capacity Building Foundation (ACBF)
Abstract:
This occasional paper is about factoring, known as the selling or transferring of accounts receivable to secure funds that are immediately available. The process provides a solution to address the financing gap for Small and Medium Enterprises (SMEs) to support trade development as part of the African Continental Free Trade Agreement (AfCFTA) and Africa’s structural transformation agenda. The study is based on an extensive review of the literature and an analysis of secondary data from FCI database and other materials collected on factoring to identify key issues, trend, progress, drivers, and barriers affecting factoring in leading African countries. The paper shows that factoring represents an alternative source of financing for African businesses to increase intra-African trade under the AfCFTA. Other findings include low Africa’s share in global factoring and growth rate in factoring, and low factoring GDP penetration rates of leading African countries. The paper notes that Africa’s performance in the factoring market needs to improve significantly based on a number of key indicators. However, factoring activities are projected to reach US$50 billion by 2025 in Africa with a number of small-sized factoring companies emerging in other African countries. For this to be achieved, a coordinated approach to capacity development is needed to address the barriers identified.
Topic:
Development, Finance, Economic Growth, and Trade
Political Geography:
Africa

3. Youth Unemployment in Africa: Capacity Building and Innovative Strategies

Publication Date:
12-2017
Content Type:
Special Report
Institution:
The African Capacity Building Foundation (ACBF)
Abstract:
The aim of this Occasional Paper produced by the African Capacity Building Foundation is to provoke evidence-based discussion, and encourage further investigation on the critical capacity challenges to be addressed to tackle youth unemployment in Africa. The paper assesses the causes and impacts of youth unemployment in Botswana, Namibia, South Africa, and Swaziland. It profiles and characterizes the status and nature of youth unemployment as well as the strategies and programs—and identifies the challenges, implications, and gaps—to find ways to address it. Stakeholder and expert consultations with development partners, government, the private sector, and nongovernmental organizations in addressing youth unemployment were carried out, as such research is crucial for identifying capacity gaps and key policy aspects to address it. The consultations were complemented with a review of success stories and best practices to inform strategies and capacity development interventions aimed to tackle youth unemployment and refine policy approaches toward inclusive, employment-creating, and sustainable economic growth.
Topic:
Development, Economic Growth, Youth, Capacity, Unemployment, Economic Development, and Sustainability
Political Geography:
Africa, South Africa, Swaziland, Namibia, and Botswana

4. Drivers of Economic Growth in Africa

Publication Date:
10-2017
Content Type:
Special Report
Institution:
The African Capacity Building Foundation (ACBF)
Abstract:
The paper produced by the African Capacity Building Foundation (ACBF) shows that investment, human capital formation, debt, and overseas development assistance drive Africa’s economic growth. It recommends paying attention to capacity, which is critical to making Africa’s growth sustainable and inclusive. Continental, regional, and national long-term growth plans require stronger capacities to improve economic governance, align national and subnational institutions, coordinate planning and financing ministries, and cultivate a culture of committed leadership to stir economies when times are hard and execute recovery plans without policy reversals. The paper provokes discussion, encourages further investigation, and defines the critical capacity challenges to tackling the growth-equality disconnect in Africa.
Topic:
Economics, Economic Growth, Capacity, and Economic Development
Political Geography:
Africa and Global Focus

5. Accessing Funds for Development: Required Capacities for Resource Mobilization and Absorption

Publication Date:
09-2017
Content Type:
Special Report
Institution:
The African Capacity Building Foundation (ACBF)
Abstract:
African countries are now implementing the Agenda 2063 and Agenda 2030 (also known as Sustainable Development Goals – SDGs), both requiring huge financial resources. Globally, large amounts of investable resources, mostly private, are available in advanced and emerging economies while domestic public resources, even in low-income countries, can be increased when the relevant capacities are in place. To efficiently mobilize the available resources, therefore, countries need to tackle the binding capacity constraints. These include human and institutional capacity to effectively manage tax exemptions, tax evasion, capital flight, illicit financial flows; constraints to accessing private resources particularly blended finance offered by public private partnership (PPP) avenues; and constraints relating to underdeveloped capital markets in most Africa countries. This Issues Paper produced by the African Capacity Building Foundation (ACBF) for the 26th Annual Meeting of its Board of Governors considers the capacity dimensions related to the mobilization and absorption of funds by responding to the following questions (1) What are the domestic and external resources available for Africa’s development? (2) How can the resources be effectively mobilized? (3) What are some of the good practices employed by countries to ensure that the available resources are effectively utilized and fully absorbed? (4) What have been the capacities required to effectively access and absorb the mobilized resources?
Topic:
Economics, Economic Growth, Public Sector, Capacity, Capital Flight, Economic Development, and Private Sector
Political Geography:
Africa

6. Africa Capacity Report 2017: Building Capacity in Science, Technology and Innovation for Africa’s Transformation

Publication Date:
01-2017
Content Type:
Special Report
Institution:
The African Capacity Building Foundation (ACBF)
Abstract:
African countries have shown their interest and willingness to strive for science, technology, and innovation (STI)-led development in the coming years. African heads of state and decisionmakers, through Agenda 2063 and the Common African Position in Agenda 2030, have highlighted STI as a key enabler promoting the ability of African countries to achieve their economic transformation and development goals. This commitment was clearly expressed by the adoption of a 10-year Science, Technology, and Innovation Strategy for Africa (STISA-2024) in June 2014 at the 23rd Ordinary Session of African Union Heads of State and Government Summit. The strategy links science, technology, and innovation to Africa’s sustainable economic transformation.
Topic:
Development, Science and Technology, Economic Growth, Capacity, and Innovation
Political Geography:
Africa

7. Building Capacity for Domestic Resource Mobilization: The Role of Development Partners

Publication Date:
12-2016
Content Type:
Policy Brief
Institution:
The African Capacity Building Foundation (ACBF)
Abstract:
Africa’s ability to deliver on the ambitious post-2015 Agenda (also called the 2030 Sustainable Development Goals) and the African Union Agenda 2063 largely depends on the availability of adequate financial resources. But the funding sources for development programs have been neither stable nor predictable, particularly after the global financial crisis in 2008. It has become clear that while donor financing remains important, overreliance on donor funding will not sustainably drive the success of the two continental agendas, hence the need to focus on other development finance options such as domestic resource mobilization.1 If new sources of financing are not in place, Africa’s growth and industrialization strategies are likely to suffer an early setback. Agenda 2063 recommends that countries strengthen domestic resource mobilization, build continental capital markets and financial institutions, and reverse illicit financial flows for Africa to be self-reliant and finance its own development.
Topic:
Development, Natural Resources, Economic Growth, Capacity, Economic Development, and Human Resources
Political Geography:
Africa