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Arshad Rab, CEO, of the European Organisation for Sustainable Development, and Chairman, of the International Sustainability Council, is urging African financial institutions to focus more on becoming sustainable and embrace sustainability holistically, stressing that too much focus on reporting is unhealthy. In a chat with CNBC Africa on the side-lines of the Nigeria Sustainability Summit 2023, Rab says comprehensive metrics are being developed to drive sustainability.

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.

Source: TCX

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

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

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

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

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.

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,