Allow me to first thank both the Institute of International Finance and First National Bank, our hosts, for inviting me to address this latest installment of the IIF-FNB Africa Financial Summit. I am particularly honoured to join the impressive list of speakers and panelists. I have been asked to deliver the keynote address yet I do not want to pre-empt the debates that will follow. So, I will first try to summarise some of the challenges that our continent is facing. And, looking at the Reserve Bank’s own experience in the South African context, I will speak about implications for how Africa’s financial systems and its developing capital markets can best address these challenges and sustain progress in developing the continent.