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 »
The Association of African Development Finance Institutions (AADFI) is calling for actionable plans to incorporate climate-resilient products into African business models to address climate finance needs and derisk sustainable investments in the region. Failure to act may result in Africa losing 5-15% of its projected GDP by 2050 due to the effects of climate change.
AADFI warns: Africa could lose up to 15% of GDP due to climate change Read More »
The Bank of Industry is set to disburse €100m to support the expansion of Green Energy and the creation of a climate-friendly environment to foster economic growth in Nigeria. This financial backing, secured from the French Development Agency, is dedicated to fostering an eco-friendly environment for enhanced economic prosperity in Africa and Asia. Dr Olasupo Olusi,
Bank of Industry disburses €100m for green energy in Nigeria Read More »
Bank of Industry (BOI) has disclosed that plans have been put in place to contribute about 27 percent of the renewable power generation in Africa by the year 2030. Managing Director of BOI, Dr Olasupo Olusi made this disclosure at the AADFI-AFFIAP CEO Forum, He said, as Nigeria’s leading Development Financing Institute (DFI), “one of
BOI set to contribute 27% renewable power generation in Africa by 2030 Read More »
