The Africa Roundtable of the World Alliance of International Financial Centres is an initiative to promote, encourage and increase trade and investment opportunities that enhance the sustainable development within the respective financial centres of the Members
The Africa Roundtable of the World Alliance of International Financial Centres serves as a Regional Roundtable of the World Alliance of International Financial Centres (WAIFC).
A Memorandum of Understanding will be signed between The Economic Development Board (Mauritius), Casablanca Finance City Authority (Morocco), EnterpriseNGR (Lagos), And Rwanda Finance Limited whereby the signatories have jointly agreed to set out a framework, having regard to the shared goal of promoting sustainable development and prosperity in and for Africa in order to:
• strengthen the competitiveness
of financial centres in Africa, particularly in relation to:
- sustainability and impact: impact investment including the Green and Sustainable Finance Agenda, energy transition, financial support to Small and Medium Enterprises and startups; and financial literacy and inclusion to strengthen the skills and knowledge of financial centre professionals;
- regional trade and infrastructure: inter/intra African trade and infrastructure financing; and
- current and future challenges facing the financial services industry;
• jointly collaborate,
through projects, research papers, communiques and events to position the African Continent, to demonstrate the myriad of investment opportunities, and to showcase the strategic role which financial centres play within the African Continent;
• facilitate the development
of dialogue with major financial centres outside the African Continent; and
• conduct joint initiatives
to support the exchange of best practices between members; to enhance visibility regionally and internationally; and to provide African financial centres with a unified voice regionally and internationally;
• build communication channels
with African institutions including regulators and policy makers, as well as African financial services industry associations and advocate for regulatory coordination amongst members of the Africa Roundtable to promote cross-border investments and financial services.