Climate Change Imperils Africa’s Economic Progress: Urgent Calls for Global Carbon Tax at Africa Climate Summit
In a resounding call for international action, President William Ruto of Kenya addressed the inaugural Africa Climate Summit, underscoring the profound impact of climate change on Africa’s economic advancement. President Ruto stressed the urgency of a global dialogue on imposing a carbon tax on polluters, highlighting the dire consequences of inaction. The summit’s focus on […]
Making A Deliberate Investment In Women
Author: Yasmin Masithela, Managing Executive: Transactional Banking, Absa Corporate and Investment Bank The notion of Women Empowerment can be a tough concept to grasp. Considering that August commemorated Women’s Month in South Africa, estimates released by the World Economic Forum (WEF) Gender Gap report (2023) are disheartening, if we carry on at the same trajectory, […]
African Financial Institutions Unite to Safegard and Revitalize Nature
In response to a pressing biodiversity crisis imperiling the prosperity and sustenance of millions across Africa, prominent financial institutions on the continent are rallying behind an urgent plea to preserve and rejuvenate nature. The landmark “Nature Voices Pledge” is being launched by the African Natural Capital Alliance (ANCA), a collaborative membership organisation whose collective assets total US$390 […]
Regenerative Agriculture: Africa’s Sustainable Solution To Boosting Productivity Amidst Global Challenges
Dr Stella Kabiri, Lead Regenerative Agriculture at Sasakawa Africa Association Can Africa’s farmers produce “more with less”? Recently, profound global food supply shocks, intensified by climate change, the war in Ukraine and the effects of the pandemic, have disproportionately affected poorer and vulnerable populations in Africa. The Food Crises 2022 Global report revealed over 140 million people […]
Exploring New Paths To A Sustainable, Low-Carbon Future
By Jan Fourie Executive Vice President: Sub-Saharan Africa Scatec As the world grapples with the urgency of climate change, we’re seeing a dramatic global shift towards renewable energy. Scatec, a global player in the renewable energy industry, is part of the global push towards ambitious, science-based emissions reduction targets. Scatec’s commitment to reducing absolute scope […]
$19.5 million to Boost Climate Resilience in Africa
FSD Africa Investments (FSDAi), the investing arm of FSD Africa, today announces new investments totalling US$19.5 million to support climate adaptation and climate-aligned infrastructure projects in Africa and to promote the continent’s resilience to climate change. The investments in Acre Impact Capital’s Export Finance Fund I, Catalyst Fund and Camco’s Spark Energy Services, demonstrate FSDAi’s commitment to […]
A Step Towards Climate Resilience and Economic Growth
In a significant stride towards combatting climate change and promoting sustainable economic growth, an ambitious initiative to increase Africa’s carbon credit production by 19-fold before 2030 was announced at the inaugural climate summit hosted by Kenya. The summit, spearheaded by Kenyan President William Ruto, serves as a pivotal platform for African nations to showcase their […]
African Energy Chamber Urges Gabon To Protect Oil & Gas Assets Amid Political Coup
The African Energy Chamber is calling for the security and safety of energy operations and personnel, citing disruptions to the industry as an attack on economic progress The African Energy Chamber (AEC) (www.EnergyChamber.org) urges political and military players in Gabon not to interfere with the country’s oil and gas assets and operations, as tensions rise […]
African Development Bank Embraces ‘Risky’ Entrepreneurs: Young Fishers In Senegal Increase Their Incomes Threefold And Turn Their Backs On Illegal Immigration
The Project to Support and Enhance the Entrepreneurial Initiatives of Women and Young People focuses on training, support for formalising businesses, funding and post-funding follow-up with the beneficiaries to ensure that interventions are sustainable Launched in 2020, the Project to Support and Enhance the Entrepreneurial Initiatives of Women and Young People (PAVIE) (https://apo-opa.info/44tUHxa) implemented in Senegal, […]
Afreximbank And China Development Bank Sign US$400-Million Loan To Support African Small And Medium-Sized Enterprises (SMEs)
Speaking after the signing, Prof. Oramah pointed out that African SMEs continue to struggle to access adequate and affordable financing for growing their businesses The China Development Bank (CDB) today in Cairo signed a development-focused agreement to provide the African Export-Import Bank (Afreximbank) (www.Afreximbank.com) with a US$400-million term loan facility to support the financing of […]
