Great news! . This is according to a perspective paper by Ralf Krüger and Ilan Strauss published by the Columbia Center on Sustainable Investments. So it looks like African development is finally beginning to come from within the continent. Over 400 Africa-to-Africa projects (which I like to call intra-African development projects) were carried out between January 2003 and January…

A key concept at the heart of financial theory is the “risk-free rate.” The idea is simple: the rate at which you would lend money to a very secure borrower, one with 0% probability of default. If you lend money to a riskier borrower (one with some probability of default) you would charge a “risk…

The best commentary came from the Spanish daily Expansión. They gave us nine pages on Draghi’s measures and a headline from a statement made by Francisco González, president of BBVA: “” (note - I added the "all" to that statement). Draghi was already talking, a few months ago, of measures that needed to be taken in…

A number of very interesting sessions at the World Economic Forum in Davos ...