The Africa finance conference that is scheduled for December this year seeks to provide practical tools for driving positive change in the financial systems and sustainable development.
The conference, that will take place in Durban, South Africa from December 1- 3, 2010, will bring together over 500 top financial officials and professionals from across Africa.
According to the press statement, the networking will seek out ways on how to get finance flowing more readily to where it can boost growth, how to get more finance for long-term and riskier projects, whether small national equity markets should collaborate across national borders, how best to design the regulation.
“African governments and financial institutions need to improve the current financial systems and strategies so as to drive the continent towards progressive, reformative and sustainable development,” says the statement.
The financial sector development is said to play a major role in increasing private investment and creating jobs, raising incomes and providing opportunities for people to improve their lives and finances at home and in business.
The analysis of African economies generally shows that the performance of national financial sectors still falls short of its potential mainly because of lack of skills capacity, effective financial policies and strategies, adverse political interventions and failure to promote and manage strategic partnerships among a host of factors.