Features
Global Finance at Sibos 2018
8,000 delegates from around the world traveled to Sibos' annual conference.
Author: GFMag.com Admin
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Techcombank is delivering on its vision to change banking, change lives in Vietnam
Vietnam’s banking industry is evolving rapidly driven by a digital transformation that is making everyday banking simple, easy, and convenient for customers across the country. Being at the forefront of this change offers huge potential for growth, says Pranav Seth, Chief Digital Officer at Techcombank.
Supplement
Africa Supplement 2018
The African continent contains some of the fastest growing economies in the world. Collectively, growth in Sub-Saharan Africa alone is projected to climb to an average 3.6% in 2019–20, up from 3.1% in 2018, according to the World Bank. Yet it is also home to many of the poorest countries, with the lowest GDP per capita. With its fast-growing population, rapid urbanization, and expanding middle class, the potential for further economic growth in Africa is enormous. But there remain many barriers to realizing anything near the continent’s full potential.
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Adaptation and Changing Culture to Meet Sustainability Goals
African governments are developing ambitious adaptation policies aligned with society development goals, and an enabling environment for finance and investment. There has been an increase in framework and climate change laws across Africa, including in Kenya, Egypt, Nigeria, Benin, Uganda and South Africa.
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Africas Current State of Play and Opportunities
Africa offers a huge opportunity for positive climate change action and sustainability if done sensibly and collectively. The continent has experienced significant losses and damages attributable to climate change, including drought, biodiversity loss, lower food production, weaker economic growth, and loss of lives. These impacts will exacerbate if global warming is above target but limiting global warming to 1.5°C or below would significantly reduce damages to African economies, agriculture, health, and ecosystems. The African population is heavily exposed to climate impacted sectors with over one-half of the workforce employed in agriculture.