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Understanding the role of development finance institutions in promoting development: an assessment of three African countries

In addition to being accountable to their shareholders regarding use of capital and ensuring positive financial performance, National Development Banks (NDBs) are also responsible for the development impact which arises from their interventions.

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Africa’s shift to funding sustainable power in local currencies: The opportunity for ECAs

Africa’s shift to funding sustainable power in local currencies: The opportunity for ECAs is Africa’s policy shift towards PPAs in local currencies an opportunity for ECAs to support the long-term sustainability of the energy sector? By Harald Hirschhofer, Senior Advisor at TCX , and Vivek Mittal, CEO of African Infrastructure Development Association.

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Fitch Affirms Bank of Industry at ‘B’/Stable; Upgrades National Rating to ‘AAA(nga)’

Fitch Ratings – London – 21 Sep 2021: Fitch Ratings has affirmed Nigeria-based Bank of Industry Limited’s (BOI) Long-Term Issuer Default Rating (IDR) at ‘B’ with a Stable Outlook. Fitch has also upgraded BOI’s National Long-Term Rating to ‘AAA(nga)’ from ‘AA+(nga)’, reflecting our view of an increased likelihood of support from the Nigerian authorities for

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Sustainability at Development Bank of Nigeria

This being the speech as delivered by the Managing Director and CEO of Development Bank of Nigeria (DBN) at the induction ceremony for the Association of African Development Finance Institutions (AADFI) into the Sustainability Standards and Certification Initiative (SSCI) of the European Organisation for Sustainable Development (EOSD). The CEO Session held virtually on Tuesday, August

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Why a global fund is needed to cut currency risk for developing nations

Wild fluctuations in exchange rates increase economic fragility and often trigger a debt crisis The writer is chief executive of the Nordic Institute for Finance, Technology, and Sustainability Currency risk is the Achilles heel of developing economies that borrow to make investments to increase productivity, reduce emissions and meet sustainable development goals.  About 90 percent of

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