Bank of Industry (BOI) has disclosed that plans have been put in place to contribute about 27 percent of the renewable power generation in Africa by the year 2030. Managing Director of BOI, Dr Olasupo Olusi made this disclosure at the AADFI-AFFIAP CEO Forum, He said, as Nigeria’s leading Development Financing Institute (DFI), “one of […]
BOI set to contribute 27% renewable power generation in Africa by 2030 Lire la suite »
The Bank of Industry (BOI) says it secured $5 billion from various international financial institutions in the last five years to boost industrial development in Nigeria. Dr Olasupo Olusi, Managing Director of BOI, disclosed this recently at the AADFI-AFFIAP CEO Forum in Abuja. According to him, Nigeria is very active in resourcing climate-friendly funds to
‘We secured $5bn in five years to finance Nigeria’s industries’ – BOI Lire la suite »
Development Finance Institutions under the auspices of the Association of African Development Finance Institutions have called for actionable plans to incorporate climate-resilient products into African business models as part of solutions to address climate finance needs and derisk sustainable investments in the region. This was as it revealed that Africa may lose 5 per cent to
Africa risks losing 15% of GDP to climate change, says AADFI Lire la suite »
The Global Sustainable Finance Conference (GSFC) 2023, which took place in Germany from 6 to 7 July 2023, marked a significant milestone in Sri Lanka’s journey towards establishing a new and sustainable economy. The conference brought together esteemed institutions from Sri Lanka, specifically representing the banking sector with Hatton National Bank (HNB) PLC and SANASA
PETER DANIEL ONIMISI (Ph.D.) The percentage of Africa’s debt to GDP has been steadily increasing in recent years, exacerbated by the fact that the increase in borrowing has not been matched by an increase in revenue. The total amount of external debt held by governmental and private sector organizations in Africa exceeded US$1 trillion in
The Finance in Common’ Coalition for Social Investment, to which the Latin America Association for Financial Development Institutions (ALIDE) is a key member, held a webinar for representatives of Public Development Banks (PDB) in Latin-American and the Caribbean (LAC) and globally, to discuss the role that PDBs can play, in terms of developing an efficient
Webinaire sur l'investissement social en Amérique latine et dans les Caraïbes Lire la suite »
PETER DANIEL ONIMISI (Ph.D.) Introduction The last ten years have seen a gradual growth in interest in alternative business models that balance environmental, financial, and social outcomes in light of the ongoing global concerns of environmental degradation, inequality, poverty, and social injustice. The Equator Principles (EP), formulated in June 2003, laid a robust premise for
Adopter un modèle économique durable dans les IFD Lire la suite »
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Le FAGACE, pionnière dans le domaine des garanties bancaires en Afrique, est une institution financière internationale spécialisée dans la promotion des investissements publics et privés. Depuis plus de 45 ans, elle œuvre pour le développement économique et social de ses 14 Etats membres en facilitant l'accès et le financement des petites et moyennes entreprises (PME).
Le FAGACE : une force de solutions dans l'écosystème financier africain Lire la suite »
The most developed economy in Africa is grappling with a severe energy crisis that is endangering not only the economy and food supplies but also the lives of millions of people…
Housing Finance Bank has officially kicked off the journey towards becoming a sustainability–certified bank in an event held at their head offices in Kololo. The certification awarded by Sustainability Standards and Certification (SSCI) is given after a comprehensive evaluation of the banks’ environmental, social, and governance (ESG) practices. Acquisition of the certification will provide a
