Antalya, Türkiye — The initiative aims to secure access to more than US$3 billion in risk financing to protect 75 million people from climate shocks by 2030. The United Nations today launched a new initiative at the 31st United Nations Climate Change Conference (COP31) in Antalya, Türkiye, aiming to secure access to more than US$3…
Nvidia CEO Jensen Huang addresses participants at the keynote of CES 2025 in Las Vegas, Nevada, on January 6, 2025. Artur Widak | Nurphoto | Getty Images Nvidia CEO Jensen Huang‘s shock resignation is raising a worrying question: Could trouble at the chipmaker spread through the tightly connected financial network Nvidia has built to support…
Africa needs more climate finance — and greater accountability for the capital already at work. Just Share executive director Nicole Martens argues that banks, investors and pension funds must turn climate commitments into measurable changes in what they finance, backed by stronger regulation and scrutiny. Africa’s climate transition is an enormous investment opportunity. Renewable energy,…
Tunis/Tunisia — The Economic Commission for Africa (ECA) is supporting Tunisia in leveraging expat remittances for productive investment and the development of new green financing mechanisms, Economic Affairs Officer at the Commission Samia Mansour Hamouda said. The latter are two priority cooperation areas under the 2026-2030 Development Plan, she further told TAP as the 41st…
Coronation Group is set to advance discussions on mobilising domestic capital and expanding institutional investors’ participation in infrastructure financing at the Africa Financial Summit (AFIS) 2026, as two of its senior executives prepare to share insights on unlocking private investment for the continent’s development. Slated to hold from 3 to 4 November 2026 in Luanda,…
The 7th Prosperity Africa Conference in Monrovia brought together policymakers, chambers of commerce, development partners, and the private sector to turn trade talk into real investment and jobs for Africa. Among the distinguished experts invited was Dr. James Francis Davis, Senior International Consultant for the African Development Bank (AfDB), who delivered a powerful lecture on…
I have watched this pattern for years, and I am tired of the polite silence. Foreign companies walk into our countries, secure geological surveys, lock down mining concessions, win engineering, procurement and construction (EPC) contracts and build-operate-transfer deals, and obtain bank guarantees, sovereign guarantees and letters of comfort from our governments. Then they fly back…
The African Development Bank Group (AfDB) and UK Export Finance (UKEF), the United Kingdom’s export credit agency, have signed a Memorandum of Understanding to strengthen cooperation on co-financing projects across Africa and mobilise additional resources for the continent’s sustainable development. Abdul Kamara, Officer in Charge, Vice President of the African Development Bank Group, and Tim…
The president/chief executive of Dangote Industries Limited, Aliko Dangote has said Africa’s ambition to become a global industrial powerhouse hinges on its ability to mobilize long-term financing, deliver reliable electricity and adopt policies that turn its vast natural resources into manufactured products. Dangote, who has outlined a $50 billion investment programme for 2026 to 2030,…
The Heads of Multilateral Development Banks (MDBs) Group met at the Asian Development Bank (ADB) headquarters in Manila today to discuss how to deliver more financing and greater impact to support developing members as they face mounting challenges. It was the Group’s first-ever meeting in the Philippines, hosted by ADB as its 2026 Chair. “Conflict,…
