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 […]
Reinvention of African, Asian DFIs for climate funding call Lire la suite »
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
BOI to contribute 27% of renewable power generation in Africa by 2030 Lire la suite »
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
BOI secures €100m from AFD to expand green finance in Nigeria Lire la suite »
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.
AADFI warns: Africa could lose up to 15% of GDP due to climate change Lire la suite »
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,
Bank of Industry disburses €100m for green energy in Nigeria Lire la suite »
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
