The Kenya Development Corporation (KDC) has been accepted into the Sustainable Standards and Certification Initiatives (SSCI) program by the European Organization for Sustainable Development.
KDC Receives The Greenlight For Sustainability Standards Certification Read More »
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.
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
Fitch Affirms Bank of Industry at ‘B’/Stable; Upgrades National Rating to ‘AAA(nga)’ Read More »
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
Sustainability at Development Bank of Nigeria Read More »
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
Why a global fund is needed to cut currency risk for developing nations Read More »
The Bank of Industry has disclosed that despite the challenging year, group total assets grew from N1.04 trillion to N1.86tr between 2019 and 2020. At its 2020 Annual General Meeting, held virtually, Mr. Aliyu Abdulrahman Dikko, the Chairman of the Board of Directors, attributed the 79.1 percent increase largely to the successful debt syndications of
BOI Grows Assets To N1.8tr In 2020 Read More »
The United Nations Addis Ababa Action Agenda (AAAA) on financing development is at a critical juncture. It was off track before the Covid-19 pandemic struck and there is now a very real risk that it will veer even further off course without bold corrective action. Covid-19 has served to dramatically increase development needs, but development
Development finance institutions: the need for bold action to invest better Read More »
Lagos, 12 April 2021: Africa Finance Corporation, one of Africa’s biggest investors in infrastructure development, has delivered a 20% growth in total assets during the 2020 pandemic year. AFC’s audited financial statements for 2020 calendar year show strong and continued growth, with total assets reaching US $7.36 billion on Dec. 31, compared with US$ 6.12 billion
Africa Finance Corporation’s Total assets grow by 20% to US$7.36 billion in 2020 Read More »
The African Development Bank Group will hold its 2021 Annual Meetings virtually, from 23-25 June 2021. This will comprise statutory meetings of the Bank Group’s Boards of Governors, a High-level dialogue, and knowledge events. During these meetings, the Bank Group’s shareholders will assess progress in achieving the institution’s strategic goals and make statutory decisions. #AfDBAM2021
African Development Bank Group 2021 Annual Meetings virtually Read More »
