Considerations of climate action have become a core business of the Uganda Development Bank. We hear from managing director Patricia Ojangole what this means in practice. Uganda has updated its climate change plan, also known as its Nationally Determined Contributions (NDCs), to reflect its increased commitment to tackle the global challenge. Unveiled in 2023, the […]
By Henry Falaiye The Development Bank of Nigeria has won the 2022 Arab Gulf Programme for Development Prince Talal International Prize for Human Development, for its work on ‘Sustainable Development Goal 8 Decent Work and Economic Growth’. A statement disclosed that the bank emerged winner of the first category having competed with over 100 projects within
COP28: Development Bank wins $400,000 award Read More »
Arshad Rab, CEO, of the European Organisation for Sustainable Development, and Chairman, of the International Sustainability Council, is urging African financial institutions to focus more on becoming sustainable and embrace sustainability holistically, stressing that too much focus on reporting is unhealthy. In a chat with CNBC Africa on the side-lines of the Nigeria Sustainability Summit 2023, Rab says comprehensive metrics are being developed to drive sustainability.
EOSD CEO: Corporates need to embrace sustainability holistically Read More »
Africa requires more bankable projects to unlock investment flows from private sector as the continent explores various innovative financing models to tackle the huge gap of accessing climate finance. CNBC Africa spoke to Patricia Ojangole Chief Executive Officer, Uganda Development Bank.
Unpacking the nexus between development finance and climate change Read More »
PETER DANIEL ONIMISI (Ph.D.) Introduction Since independence from colonial domination in the 1960s, Africa’s economic performance has been relatively underwhelming. It is noteworthy that Africa grew more quickly than other developing regions of the world during the first ten years of independence. However, the continent was severely set back in the late 1970s, and this
Leveraging Africa’s Comparative Advantage for its Development in a Globalized World Read More »
The Bank of Industry (BOI) is implementing an on-lending financing scheme to be implemented through local development financial institutions and would support customers interested in adopting clean energy solutions. This is a major push to significantly raise the bank’s share of investments in Africa’s renewable energy quest by 2030. Olasupo Olusi, managing director/CEO, BOI, announced
BOI to boost Africa’s clean energy financing Read More »
The African Development Bank (AfDB), notes that Africa needs to spend $250 yearly to meet its climate finance needs not only to comply with a greener world nicety but as a strategy for to grow its economy. Climate spending and economic growth, according to reports, have converged in recent years, with the World Bank arguing
Reinvention of African, Asian DFIs for climate funding call Read More »
The Bank of Industry (BOI) disclosed on Thursday in Abuja that strategic policies are being put in place to enable the bank to contribute about 27 percent of the renewable power generation in Africa by the year 2030. Speaking at the AADFI-AFFIAP CEO Forum, the Managing Director of BOI, Dr Olasupo Olusi, said that, as
BOI to contribute 27% of renewable power generation in Africa by 2030 Read More »
The Bank of Industry has secured a credit line of €100 million from the French Development Agency (AFD)] for the expansion of green finance in Nigeria. The bank has also worked with its partners to raise over $5 billion from several International Financial Institutions in the last five years for building a climate –smart Nigeria
BOI secures €100m from AFD to expand green finance in Nigeria Read More »
