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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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Development finance institutions: the need for bold action to invest better

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

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Africa Finance Corporation’s Total assets grow by 20% to US$7.36 billion in 2020

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

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African Development Bank Group 2021 Annual Meetings virtually

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

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EU Africa Business Forum (EABF)

#GreenTransition in #Africa will be the focus of the upcoming EU-Africa Business Forum.Join the #EDFInetwork at the following events: – High-level event “Accelerating the EU-Africa partnership for green energy transition in Africa”: April 16– Digital Marketplace for Green Energy Transition: April 20-21– GetInvest / EDFI side event “Harnessing Innovative Scalable Business Models for the Green Energy Transition in Africa”: 21

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Introducing TCX FI: the first-ever frontier currency bond index

Webinar Introducing TCX FI: the first-ever frontier currency bond index Thursday, April 29, 2021 14:00 Amsterdam Time (CEST) Note: please feel free to forward this invitation to interested colleagues we might have missed! Dear Madam/Sir, We are thrilled to announce that this morning TCX has launched the first-ever frontier currency bond index (TCX FI). The informative index tracks

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