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Cracking the code: creating new jobs, infrastructure and revenue
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Jobs! Today, few words hold such resonance across the public and private sectors and so it was fitting that the first presentation of the Forum addressed this important subject. Africa’s unemployment challenge has been well-documented: despite being the world’s second-fastest growing region in the last decade, 50% of the continent’s youth are unemployed and an additional 60 million jobs are needed by 2020 in order to keep pace with demographic shifts. It is quite a challenge, and one that will only be solved by the public and private sectors working together, said Rohan Malik, EY’s Emerging Markets Leader for Government & Public Sector.

On the hunt for solutions
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Infrastructure challenges, safeguarding sustainable growth and balancing African revenue and investment were just a few of the topics covered at the MEFMI Annual Combined Forum. Here, we report on a day of dialogue, debate and discussion

The role of governments in spurring African economic take-off;Report of the MEFMI Annual Combined Fo
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The role of governments in spurring African economic take-off;Report of the MEFMI Annual Combined Forum
For Ministers, Governors and Permanent Secretaries, Washington DC, October 7, 2013

Welcome to this report on the recent Combined Forum of the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI). Taking place in Washington DC on October 7, 2013, this annual event drew ministers, governors and permanent secretaries and their deputies from across the 13 MEFMI countries. The theme of this year’s Forum, which was supported by EY and Investec, was: “The role of governments in spurring African economic take-off.”

Address to MEFMI Executive Forum
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Address by Mr Hendrik du Toit, Founder and Chief Executive Officer of Investec Asset Management

Over the past 15 years perceptions of Africa have evolved from deeply pessimistic to the more recent wave of Afro-optimism. The Economist graphically personifies that in moving from its “hopeless continent” front cover to the more recent “Aspiring Africa”.  The dynamic Nigerian Finance Minister, Ngozi Okanjo-Iweala articulated this change when she wrote: “After decades of genuine struggle, Africa’s time has arrived, and its people are crying out to be recognised…the question for global investors and international policymakers is whether they want to share in the profits”. The quality of life indicators confirms this. With instances of Malaria and HIV significantly down over the past decade and life expectancy on the rise, the term ‘hopeful continent’ is appropriate. The political situation confirms this. By the end of the Cold War Africa had only three functioning democracies out of a total of 53 countries. Today only four countries lack multi-party constitutions. Annual Foreign Direct Investment (FDI) has    settled at around $50bn over the last few years. Africa’s demographic tree is one of the healthiest in the world. Africa’s natural resource abundance continues to set it apart.

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Applications are invited from suitably qualified nationals of MEFMI member states to fill the following position:


Job Summary

Reporting to the Director Debt Management Programme, the incumbent will be responsible for planning, designing, implementing and monitoring of debt management capacity building activities in the MEFMI region, specifically focusing on Debt databases, Debt Statistics and the use of UNCTAD’s Debt Management and Financial Analysis System (DMFAS).

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MEFMI should include e-learning as a mode of capacity building delivery ....

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