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 »
#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
EU Africa Business Forum (EABF) Read More »
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
Introducing TCX FI: the first-ever frontier currency bond index Read More »
The High-Level Green Talk is embedded in the series of the Green Talks organised by the Portuguese Presidency of the European Council and will take place on 16 April 2021. The event will be the culmination of this roadshow as the wrap up of the initiative. It will consist of a roundtable discussion between high-level
High-Level Green Talk on 16 April 2021 Read More »
Nairobi, Kenya – Friday, March 26, 2021: Pan African housing development financier Shelter Afrique has returned to profitability as reported in its 2020 earnings. The Company’s Total comprehensive income increased to KSh 196 million (USD 1.85M) in 2020, up from a Total Comprehensive Loss of the KSh 134 million (US$1.26M) recorded in 2019, representing a
