By George Mangula
A four-part webinar series focusing on the impact of COVID-19 on institutional participants in Africa’s capital markets will be held on October 27, 2020 in Johannesburg, South Africa. Hosted by the African Development Bank (AfDB) and businessman Allan Gray, the series will be a virtual edition of the ninth African Financial Markets Initiative (AFMI) /AfDB Annual Workshop.
Launched in 2008 by the AfDB, AFMI aims to promote the development of Africa’s local currency bond markets.
Participants in the workshop will hold discussions examining the impact of the current economic and health crisis, and opportunities that are emerging.
The workshop will have the UN Economic Commission for Africa and Allan Gray who has considerable shares in Uganda’s electricity distributor, Umeme will discuss past and current crises in relation to volatility in African securities, evaluating risk and understanding the opportunities.
The African Securities Exchanges Association, African Development Bank and Allan Gray will discuss African sovereign and corporate listed bond.
African institutional investors will share their experiences in managing assets and liabilities. The panellists represent the Government Institutions Pension Fund of Namibia, the World Bank’s Reserves Advisory and Management Program, Allan Gray and the AfDB African Domestic Bond Fund/Mauritius Commercial Bank. The event will be moderated by Arnold Derek Bagubwagye (IN PHOTO ABOVE) ,Assistant Director Financial Markets Bank of Uganda.
The series will conclude with a discussion by the MasterCard Foundation and AfDB on COVID-19 and the potential of the Fourth Industrial Revolution in Africa and the AfDB’s Africa Digital Finance Inclusion Facility.