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FUFA embarks on talent search drive

FUFA President Moses Magogo at the launch

The Federation of Uganda Football Associations (FUFA) president Moses Magogo has today launched a new tournament ‘FUFA the Drum’ that is to be played in sixteen provinces across Uganda.

The development follows a resolution of the 93rd FUFA Ordinary General Assembly and the 13th FUFA Executive Committee directive to begin the competition that is aimed at spreading the game all over Uganda.

At a press briefing held at FUFA House in Mengo, Magogo said the association will meet the almost all the costs of the teams including accommodation, transport,  individual and team winners’ prizes, trophies and medals, payment of match officials and provision of training balls.

“We have already conducted the seeding of the teams and the tournament will kick-off in January to October 2018 and we expect to hold draws in Kasese, where the final of the tournament will be played on the Independence Day,” Magogo said.

He added: “The objective is for searching talent across the country; the league will not only  be the best way of tapping more talent  but clubs will also have a better hunting ground of players for their teams.”

 

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State tightens grip on Bobi Wine, stops his Colline Hotel show

CANDIDATE: Bobi Wine addresses his supporters at the last rally held at Gayaza grounds .

It’s often said that politics is a dirty game and it appears singer Robert Kyagulanyi aka Bobi Wine is already paying the price of being one.

This is orchestrated through his regular arrests over the ongoing Togikwatako campaign, to blocking of his music shows, work away from politics.

This began last week when KCCA security officers confiscated speakers of Diners Lounge, Bukoto just hours before Bobi’s performance.

Well, it has been repeated even this week. The musician’s show which was scheduled for this week at Colline Hotel, Mukono has been cancelled by police.

“Unfortunately, we are not granting permission for the show because during the previous show at One Love Beach Busabala he uttered words that are inciteful to the public and he is now under investigation,” reads an order issued by Kampala Metropolitan Police commander Frank Mwesigwa to Colline Hotel Management.

Will Bobi Wine succumb to their coercion? We will keep you updated!

 

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IGG finally to investigate BOU’s Justine Bagyenda

Embattled former Executive Director in charge of Supervision at Bank of Uganda Justine Bagyenda.

The Inspector General of Government (IGG) is in final preparations to investigate the Bank of Uganda Executive Director in charge of supervision, Justine Bagyenda, over allegations that she evaded paying income tax for ten years on revenues earned from her Naguru apartments, Munira Ali the IGG Spokesperson told Eagle Online on Wednesday.

Bagyenda is said have rented her apartments to the top officials of the defunct Crane Bank, earning millions of shillings without paying income tax as required by law.

According to Munira, the first meeting was held between the IGG and the petitioner, Dick Kimeze, to basically understand the ground and the issues raised by the petitioner before investigations into Bagyenda’s alleged tax evasion can begin. She said the second meeting is scheduled before investigations can begin.

On October 7, Eagle Online published a story in which Mr Kimeze reported Ms Bagyenda to IGG for non-payment of taxes. The source at the time told Eagle Online, the Uganda Revenue Authority (URA), the national tax collector had already begun investigations into the said tax evasion.

Mid this year Ms. Bagyenda came under criticism for allegedly failing to enforce her mandate, something her critics said had led to the closure of a couple of commercial banks including the Crane Bank, that is now under receivership.

Also, at about the same time reports indicated that the Inspectorate of Government (IGG) was set to begin investigations into allegations that Ms. Bagyenda made incorrect declarations contrary to the Leadership Code, 2002.

According to sources speaking on condition of anonymity, officials from the IGG’s office were set to meet with city lawyer Dennis Nyombi, to ascertain whether Ms. Bagyenda made false declarations about her assets including land and houses.

Among the property she allegedly falsely-declared are houses in the leafy suburbs of Ntinda, Naguru, Bugolobi and Kulambiro.

“When I wrote the letter I got confirmation from the IGG and I was to get an appointment with the official handling the matter but later on the person went abroad and we have now scheduled between 10th and 20th to meet,” lawyer Nyombi, who is representing ‘whistleblower’ Dick Kimeze, said.

In his allegations, Mr. Kimeze also avers that the properties owned by Ms. Bagyenda are way above what she has earned during her employment over the years.

Contacted at the time the IGG spokesperson Ali Munira confirmed their office had received the petition against Ms Bagyenda.

“Some lawyer wrote requesting for a meeting to discuss the wealth of the lady (Bagyenda); the meeting has not taken place,” Ms. Munira said on phone then.

By press time it was not possible to get Ms. Bagyenda for comment.

 

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East Africa leading in ‘unsafe abortions’ – PAP MP

PAP in session in Midrand, South Africa

The Chairperson of the Pan African Parliament (PAP) Permanent Committee on Health, Labour and Social Affairs, Zalikatou Diallo, has said that unsafe abortions was one of the five leading causes of death among women and girls in Africa, singling out East Africa which she said, has the highest maternal deaths at 18 percent in Africa due to unsafe abortions.

“There is a link between the high maternal mortality and morbidity rates with restrictive laws and policies on abortion and where legal abortion services are not available,” Zalikatou told MPs who are attending the Fifth Ordinary Session of the Pan African Parliament in Midrand, South Africa, on Tuesday.

Chairperson of the Pan African Parliament (PAP) Permanent Committee on Health, Labour and Social Affairs, Zalikatou Diallo

Zalikatou cited an example of Ethiopia where before the legal reforms, 32 percent of maternal deaths were related to unsafe and clandestine abortions but after reforms in 2005, maternal deaths reduced to less than 10 percent.

The Protocol to the African Charter on Human and Peoples’ Rights on the Rights of Women in Africa (Maputo Protocol) Article 14(2)(c) requires State parties who have signed the Protocol to take all appropriate measures to protect the reproductive health rights of women, including by authorizing abortion in cases of sexual assault, rape or incest, where the life or health of the pregnant woman or the life of the foetus is at risk.

The African Commission on Human and Peoples’ Rights in its guidelines to countries said, in interpreting the provisions of Article 14(2)(c) of the Protocol, “health” means “a state of complete physical, mental and social well-being and not merely the absence of disease or infirmity.” In other words, the Protocol takes the holistic understanding of health as grounds for an abortion.

Abortion, being a highly sensitive and emotive matter, solicited varying reactions from the Members.

Jacquiline Amongin (Uganda) suggested that the MPs instead look to the Abuja Declaration to address the health challenges of the continent. “While Uganda is among the 37 countries that have ratified the Maputo Protocol, it signed with reservations, so our national laws will take precedence on abortion,” she said adding “We are a God-fearing country and it’s only God who gives life and terminates it.  Instead of us legalizing abortion, we should struggle to ensure that we adopt the Abuja Declaration and allocate 15 percent of our national budgets to health.”

Uganda, Kenya and Cameroon are some of the countries that have ratified the Maputo Protocol with reservations on Article 14(2)(c) thereby excluding themselves from the obligation to implement abortion related provisions of the Protocol.

Ethiopia, Cape Verde, Mozambique, South Africa, Tunisia and Zambia were identified as countries that have progressive reforms in their legal frameworks and permit abortion on request in the first three months of pregnancy. The Zambian law was touted as significant because it allows abortion on socio-economic grounds.

“Maternal mortality is not just due to unsafe abortion. Any pregnancy is considered a risky pregnancy. What we need is quality healthcare to reduce maternal deaths,” said Safia Elmi Djibril from Djibouti. She said countries need to focus on improving health care and accessibility to health services to address maternal mortality and morbidity in Africa.

Anifa Kawooya (Uganda) informed the legislators of Uganda’s position on abortion saying that whether safe or legal, in the African context, the practice is frowned upon. “I am a strong advocate for women’s rights but when it comes to abortion, I have very strong reservations. This is an area where we need deep thought. I want to disassociate myself and my country, from this advocacy tool,” she said.

With the Maputo Protocol already operational, it is now up to States to implement it in entirety or with those reservations as indicated in their ratification instruments.

The fourth ordinary session of the Pan African Parliament is taking place from 9-20 October 2017 in Midrand, South Africa. Uganda’s members to PAP include Jacquiline Amongin (NRM, Ngora); Prof. Ogenga Latigo (FDC, Agago North); Anifa Bangirana Kawooya (NRM, Ssembabule); Felix Okot Ogong (NRM, Dokolo South) and Babirye Kadogo (Ind. Buyende).

 

 

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AUPL: Vipers SC host ‘managerless’ Soana

Bisaso (r) has resigned as Soana manager

As the Azam Uganda Premier League enters Match Day 6, today’s fixtures will see two matches played.

Vipers host struggling Soana whose manager Shafiq Bisaso has resigned from the club today morning after a poor run of games.

In five league matches, Bisaso, a former SC Villa manager succeeded Alex Isabirye in August, managed to pull off a single win against Masavu.

Soana come into the game low on confidence after losing two successive games that leave them on five points and just a point above the drop zone in 13th while Vipers look for a positive comeback after suffering a 2-1 loss in their previous game to Police.

Katono Mutono, who was Bisaso’s assistant acts as the interim coach, starting with the Vipers match.

Record league champions SC Villa travel to Luzira targeting a win on the road when they visit stubborn Maroons at Prisons Ground.

The Jogoos have failed to win away game on two occasions losing to Vipers and drawing with Police at Kitende and Namboole respectively.

They meet Maroons, a side with confidence after picking their first win of the season when they edged Bright Stars in Matugga on the weekend.

 

Fixtures today:

Vipers vs Soana – St. Mary’s stadium Kitende (4:30pm)

Maroons Vs SC Villa – Luzira 4pm

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Age limit debate: Opposition MPs take on Museveni, Police

RED BRIGADE: LoP Winnie Kiiza and Shadow Internal Affairs Minister Muwanga Kivumbi, all dressed in red, address a press conference

Opposition Members of Parliament who were attacked with tear gas by police yesterday as they campaigned against lifting of the 75-year age limit cap for presidency have warned President Yoweri Museveni against trying to use force to push through his party agenda of expunging Article 102 (b) from the Constitution.

Led by Leader of Opposition Winnie Kiiza and Shadow Internal Affairs Minister Muwanga Kivumbi, the MPs, who were responding to yesterday’s teargasing and police directive to stop joint consultations, accused Museveni of using the force in pursuit of his interests and vowed to resist any attempts at the imminent change that many say is intended to pave the way for a ‘Museveni life presidency’.

The Leader of Opposition in Parliament, Kasese Woman MP Winnie Kiiza

“We want to condemn in the strongest terms possible the actions of Police, the brutal way in which they handled the matter. We condemn the circular, it is outrageous, illegal, and unconstitutional and it is stupid,” LoP Kiiza said.

She added: “No sane Ugandan can go by this circular, first of all, no Police is supposed to give a court order. Political orders can only be given by politicians. The fact that Police can issue a political directive is enough to indicate that Museveni uses Police to do his work. The order that no MP should consult in another constituency is unconstitutional, outrageous, laughable and stupid.”

According to Ms. Kiiza, they are going to continue with their consultations as prior arranged.

“Stupidly, the Police was talking about time, we aren’t in a campaign rally which will be regulated by the aspect of time like is the case with electoral laws. This isn’t a campaign rally, therefore for Police to wake up and say we are dispersing your crowds because of time is stupid-and stupidity of untold magnitude,” she added.

According to Ms. Kiiza, they will petition the International Criminal Court (ICC) to institute proceeding against the Police Director of Operations Asuman Mugenyi.

“Mugenyi should know he is a criminal wanted by ICC, these are some of the issues we are going to attach to his petition – violation of human rights, creating public disorder. So this order, no MP is going to respect it. Police isn’t going to tell MPs how to do their work. I don’t see why Police thinks a member should ask for permission, probably get a visa.

The only problem I am seeing her is that the heat is becoming too much for President Museveni to bear. My brother, uncle or grandfather, when you decide to cook with firewood, expect smoke,” Ms. Kiiza charged.

Further, according to LoP Kiiza, no amount of intimidation, teargas, bullets will deter the opposition MPs from using the design they want. “So, I hereby tell Police, let them stick to their job of protecting Ugandans, not giving political orders. If the Police think they are going to do the political dirty job of Museveni, let them be in politics so they can do it well. I can imagine that Police is full of illuminati because I can see they are thirsty for human blood,” Ms Kiiza, the Kasese Woman MP, said.

On his part Butambala MP Muwanga Kivumbi said the intended change it offends the Constitution and would be resisted.

“I have been doing politics for many years in this country and I can tell you there is a wind of change in this country and I can tell you it is of a nuclear potential. Actually right now, Museveni is the biggest liability. Therefore, the security apparatus must also pronounce themselves on age limit like other institutions, they are quiet, as if they aren’t Ugandans. That is how unpopular this product called Museveni is. For us we are going to battle Museveni in any way,” Muwanga Kivumbi said.

Speaking about the Public Order Management Act (POMA) that is being used by police to suppress the opposition’s anti-age limit removal campaigns, Muwanga Kivumbi added: “This is bad in law, we will go to court and quash this. This one will not see the light of day. For us we don’t have that time. Some Ugandans may go, for us we don’t have time to deal with such issues. For us, we are going to battle Museveni in any form he wants.

When we are organizing, we are going to continue to be peaceful; there is no need for us to be violent. We don’t want to die with Museveni, he is old, he is about to meet his creator. We want him to go peacefully.”

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Suicide takes toll on Ugandan labourers in the Middle East

L-R MPs David Abala and Mwine Mpaka

Forty eight Ugandan migrant labourers have died in the United Arab Emirates (UAE) and the neighboring countries of Oman, Bahrain and Kuwait in the last nine months, the Parliamentary Committee on Gender Labour and Social Development, has said.

The members of the committee headed by Ngora county MP David Abala and Western Region Youth MP Mwine Mpaka, said that they were shocked to learn during a field visit to Dubai last week that 35 of the deaths are linked to suicide occasioned by maltreatment by their Arab bosses.

Abala said other deaths were as a result of heart attack, traumatic shock, accidents, septic shock, cardiac arrest, murder, drowning, meningitis and complications of HIV. The Ugandans, who died according to a list released, are Christians.

The list of Ugandans who have died in the Middle East

“Most of these deaths are as a result of mistreatment where most of the dead were denied food and a better livelihood,” Abala said, amid allegations that Muslims in the Arab countries do not treat Christians humanly.

Mpaka said that the government should reconsider banning exportation of labour to those countries to which has no bilateral agreement with Uganda. He noted that the labour laws in most of the countries are ‘unfriendly’ and require a bilateral agreement to have them softened.

“In most of those countries, the labour source country ceases to take responsibility over you within the first three months and thereafter you become a property of your master and the labour companies can no longer follow you up or anything that befalls you,” Mpaka said.

Uganda has only entered into a bilateral agreement with two Middle East countries which include Saudi Arabia and Jordan.

“We are not against labour export; every year Uganda exports over 50, 000 young boys and girls but in this matter, exporting youths to countries where we don’t have bilateral agreement leaves many Ugandans victims of the labour laws in those countries,” he said.

Mpaka urged government to set up a rescue fund as well as a home in these countries to deal with the cases of girls that have undergone shock to have them rehabilitated before they are brought back home.

A source in one of the Arab countries said that most of the Ugandan youth who get there through unofficial channels face many difficulties which are forced on them by their employers. “Those people are treated like dogs,” he said, adding that he also fears for his life.

Female employees from Uganda have in the past been exploited sexually forcing some of them to return to Uganda. Many have secretly cried expressed their plight on social media such as Facebook, calling for rescue.

The latest death reports come at the time when Uganda is delivering about 400.000 graduates to the local market every year but the market can only accommodate about 10,000.

As young Ugandans die in Arab countries in search of jobs as maids, guards, waitresses and drivers, its neighbour, Rwanda, does not allow its citizens to go Arab countries for similar jobs, government saying such jobs compromise the dignity of Rwandans.

Uganda faces the high rate of unemployment, which has forced its educated youth (20-30 years), majority with degrees and diplomas to look for which jobs in the Arab world.

According to the latest housing and population census done by the Uganda Bureau of Statistics, the age category of youth 20 to 24 years has 65% of its members unemployed. For those above 25 years, the situation is worse, with over 90% of them unemployed. Uganda has one of the youngest and fastest growing population rates in the world with its fertility rate of 3% one of the highest in Sub Saharan Africa.

Government has licensed over 60 companies that export labour, but there are individuals based in the country and outside that facilitate the movement of labourers to the Arab nations. Many of the youths who are taken by individuals are the ones who suffer the most.

Nonetheless, despite the challenges there are those who have succeeded in working in the Arab world as drivers, maids, waiters and guards, among others. They are helping the families back home, including paying school fees for their siblings and meeting families’ medical care bills.

 

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Masindi to host Airtel-sponsored regional health camp

Airtel Uganda staff, helping out an old lady during one of the health camps.

Masindi district will this Saturday play host a regional health camp that is sponsored by Airtel Uganda, aimed at providing health care and health information to less fortunate Ugandans across the country.

In partnership with Hinds Feet Project Uganda, various medical practitioners and health institutions such as Red Cross, Cancer Institute, Doctor Agrawal, Re-pad, Marie Stopes, Unilever, District health centers among others have volunteered their services and medical personnel to participate in the cause and treat thousands of Ugandans with free diagnosis, treatment and referrals to major hospitals.

The health camps have also dedicated time to educating Ugandans on different topics such as HIV prevention, sexual and reproductive health, maternal and child health, nutrition, prevention of communicable and infectious diseases among others.

And this year alone, residents in Kampala and Kisoro districts have already benefitted from the free medical care outreaches that Airtel is currently holding every quarter.

Commenting about the upcoming health camp in Masindi, Mrs. Charity Bukenya, Airtel Uganda’s CSR Manager said health is a pertinent issue in our country and information is vital key in formulating our behavior and health choices; Airtel thus comes in to support the work of the Government and other health practitioners, not only make this information accessible, but also to bring the doctors closer to where there is a shortage of health information as well as evidence of health challenges among the people.

“Research shows that Masindi still has a high prevalence of infectious and communicable diseases and we would like to, not only treat these diseases, but also teach the residents how to stay healthy,” she commented, adding that Airtel will also give out clothes to the needy.

“As part of the camp, we shall also offer minor surgeries, dental care, health and nutrition, re-pad project that involves boys alongside the girls learning how to make the pads and help the girls stay in school through avoiding stigmatization, there will be blood donation, a maternal health program, counseling, treatment of communicable diseases, First Aid and Primary Health Care information,” Ms. Bukenya added, and noted that since October is ‘cancer month’, people will be screened for Cervical, Breast, Prostate Cancer and other abnormal growths that may be of concern.

According to the District Health Office, there have been some efforts to improve the health situations; however, the health status of the population of Masindi is still poor.

A high prevalence of infectious and communicable diseases and Malnutrition among the general population especially in children under 5 still contributes to a heavy disease burden.

Malaria is the major disease in the District with morbidity at 37% in 2005/06, followed by coughs (17%), intestinal worms (6%), and skin infections (4%); as provided by our research partners Hinds Feet Project Uganda.

Other environmental health issues include acute diarrhea affecting 2.6% of the population, pneumonia, eye infections and genital infections.

“Our effort is a drop in the ocean that supports what several other generous organizations are doing to make conscious and deliberate steps towards fulfilling the sustainable development goal #3 which is about ensuring good health and well being and we at Airtel know ‘together we can’,” Ms. Bukenya said.

 

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HMU boss blasts doctors over Shs 48 million salary demand

BLASTED UMA LEADERS: Dr Jackson Ojera Abusu

The Director, Health Monitoring Unit (HMU) in the Office of the President, Dr Jackson Ojera Abusu, has blasted leaders of the Uganda Medical Association (UMA) over demands made that government increases salaries of medical doctors to Shs48 million per month.

Dr Abusu said the current state of the Ugandan economy cannot pay a doctor such amount money, even as some government officials today earn above that figure.

“Shs48 million is simply unsustainable for a developing country like Uganda,” he says, adding that UMA should not hold the Treasury at ransom.

“We would like to state categorically that while we associate with the plight of doctors and have actually been at the forefront in urging the government for better remuneration, we find some of the actions of UMA leadership as grossly misleading, frivolous and undermine public confidence in the health care sector,” he said in a Tuesday press release.

Dr Abusu said UMA should not advocate for the improvement of the emoluments of the medical personnel as it is not the official body to do that job.

“We are not aware if indeed this body (UMA) is registered as a labor union,” he said, arguing that it should be the Uganda Medical and Dental Practitioners Council to take grievances of medical workers to government since it was established under the laws of Uganda.

He said that if UMA members decide to strike as declared earlier, the patients in Ugandan hospitals will suffer worse. “We believe there are more appropriate avenues of engaging government,” he said.

According to Dr. Abusu, doctors who neglect patients leading their death stand to be punished. “We have noted with concern that whilst a good number of medical professionals are doing a commendable job, there is also a rise in cases of professional malpractice, often leading to rash and negligent deaths,” he says.

He asked UMA to desist from what he called ‘criminal activities’ including calling for strikes. He said that whereas the professional council can investigate the administrative issues in the medical profession, it does not take away the jurisdiction of police and courts of law to handle the criminal aspects involved.

Dr Abusu’s response comes following the recent media reports in which UMA said it would soon call to action all doctors employed in the public service to lay down their tools if their salary demands are not met.

He said Government is already working on a proposal to harmonize all civil servants pay, including doctors. He has appealed to health workers to exercise more patience and continue to carry out their duty of treating Ugandans bearing in mind the Hippocratic Oath.

“UMA should work hand in hand with other statutory bodies to ensure the highest ethical and professional standards,” he said, adding that the UMA should desist from inciting its members to strike without consultation with the Medical and Dental Practitioners Council.

In the same vein, he said, UMA should desist from passing off as the official body of doctors mandated by law.

“UMA should not over step its jurisdiction,” Dr. Abusu said.

HMU-led Recoveries

Meanwhile, Dr Abusu says HMU has since 2009 made asset recoveries worth Shs15.862 billion, of which three billion was hard cash. The other recoveries were medicines, health supplies, equipment.

Further, he said, a total of 22,348,728 nets were distributed in 7,912,026 households in 111 districts and that over Shs 37m that had been stolen in the process by sub-county supervisors, recovered.

He said Mbarara, Sheema, Kasese, Bundibugyo, Kagadi, Wakiso and Kampala will receive nets by December this year.

In 2016/ 17,  Dr Abusu says the HMU recovered GAVI funds worth Shs 846.396 million  which was unaccounted for from 80 districts and Shs13.266 billion meant for Polio and measles vaccination programs.

In August this year, he added, the unit recovered unaccounted funds worth Sh 13.058 million in the Teso Region . They had been given to Pentecostal Assemblies of God in Kaberamaido, Serere DLG, Vision Terudo in Ngora, and Kumi DLG by Baylor College.

Investigations and legal actions since 2009 led to 610 cases of which 249 have been prosecuted, 93 convicted, 14 acquitted, 42 cases dismissed, 36 handled administratively and 36 cases still pending, Dr. Abusu says.

The unit also recovered 11 stolen hospital beds worth Shs.18m for Mulago Hospital; hospital beds worth Shs.19m for Kayunga district, a fibre boat worth Sh.120m donated to support referral of maternal and child emergencies in Namayingo district and vehicle worth Shs30 million-belonging to the health ministry.

 

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Unlocking Africa’s potential: OMFIF index uncovers untapped opportunities

Dr. Akinwumi Adesina

By Dr Akinwumi Adesina

Africa’s financial markets have remained resilient and innovative in the face of global growth challenges. However, they remain fragmented and shallow compared to their equivalents in Latin America and Asia. The African Development Bank’s own African Financial Markets Initiative was launched in 2008 to build and develop local currency bond markets across the continent. The initiative is organized around two pillars, namely the African Financial Markets Database and the African Domestic Bond Fund Project.

It should be noted that Africa’s capital markets have grown significantly over the past three decades to around 30 from just five stock exchanges in the 1980s. The total amount of issued sovereign bond markets has increased significantly to more than US$200bn in 2016 from US$28bn in 2000. This includes 94% of bonds with less than one year in 2000 to about 76% in 2016. Moreover, the African Financial Market Database has grown to 43 countries in 2015 from 22 countries in 2012.

Resilient, broader and deeper financial markets are essential to Africa’s transformation. The achievement of the African Development Bank’s ‘High 5’ operational objectives for accelerating Africa’s economic transformation (light up and power, feed, integrate, industrialise and improve the quality of life for the people of Africa) depends critically on financial markets playing a greater role in financing the continent’s real economy.

The Bank’s goal is to support 20 capital markets across Africa over the next decade through a broad-based approach, addressing market development challenges, including those identified in the various indicators of the six pillars of the Barclays Africa Group Financial Markets Index which the Official Monetary and Financial Institutions Forum (OMFIF) has produced. That is why the African Development Bank actively works with the public and private sector to support market reform programs such as policy modernisation and new frameworks governing capital markets. Flexibility in accessing capital markets is key to unlocking domestic savings and attracting foreign investment.

Africa’s transformation requires significant resources. To achieve universal energy access by 2025, for example, requires innovative mechanisms to mobilise US$30bn-US$55bn annually in domestic and international capital. This calls for a shift of resource mobilisation, deploying robust and resilient financial systems and capital markets. The private sector will need to bear much of the load.

Through expert analysis of the African financial markets, the Barclays Africa Group Financial Markets Index draws global attention to the considerable investment opportunities and uncovers the untapped market potential. This inaugural report from OMFIF, covering 17 growth markets across the continent, provides an excellent basis for the acceleration of the delivery of the Bank’s ‘High 5’ strategy.

Dr. Akinwumi Adesina is President of the African Development Bank.

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