(AFRICAN EXAMINER) – The European Investment Bank (EIB) Group has said that it will launch a new initiative in collaborations with its partners to finance climate action and environmental sustainability projects during the United Nations Climate Change Conference (COP27), beginning in Sharm El Sheikh, Egypt, this weekend. The EIB is the long-term lending institution of […]
(AFRICAN EXAMINER) – The Bank of England on Thursday hiked its interest rate 0.75 percentage points, the biggest increase in 33 years, to fight inflation set to peak around 11 percent as recession hit Britain. The BoE voted to lift borrowing costs to three percent, the highest level since the 2008 global financial crisis and […]
(AFRICAN EXAMINER) – The Africa Investment Forum, an initiative of the African Development Bank (AfDB) and seven partners, has reaffirmed its conviction that creating green jobs can help shift the climate of gender equality for African women. The Forum which has a strong track record of supporting the success of women business owners and entrepreneurs, […]
(AFRICAN EXAMINER) – Twitter has announced plans to charge almost $20 monthly for verification. This is coming barely 48 hours after Elon Musk took over Twitter ownership. According to a Daily Mail report, Musk wants to launch a pay-for-play verification system in which verified users are charged $20 per month. The Tesla chief executive, in […]
(AFRICAN EXAMINER) – The Federal Government is pioneering a voluntary billion dollars’ worth Carbon Market on the continent. Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, disclosed this a statement on Sunday in Abuja. He said “It is an innovative climate change solution which will create, […]
(AFRICAN EXAMINER) – Nigerians have taken a big swipe at the controversial governor of the central bank of Nigeria (CBN), Godwin Emefiele over the introduction of the new notes even at this time the Naira’s value is at free fall, and the economic hardship bites harder. Recall that the CBN has announced the redesigned 200, […]
(AFRICAN EXAMINER) – The European Investment Bank (EIB) has agreed to finance MTN Nigeria Communications Plc (MTN Nigeria) €100 million . To support the telecommunications company’s network expansion programme. MTN Nigeria is one of Africa’s largest providers of communications services, connecting over 74 million people in communities across the country with each other and the […]
(AFRICAN EXAMINER) – President Muhammadu Buhari on Wednesday in Seoul, expressed Nigeria’s desire to widen the scope of trade relations with the Republic of Korea beyond gas exports. Speaking during a bilateral meeting with his Korean counterpart, Mr. Yoon Suk-Yeol at the Presidential Palace on the sidelines of the First World Bio Summit, Buhari called […]
(AFRICAN EXAMINER) – The Governor, Central Bank of Nigeria, Godwin Emefiele, has announced that the bank would release re-designed Naira notes by December 15, 2022. He also said that existing notes would seize to be regarded as legal tender by January 31, 2023. Emefiele disclosed this during a press briefing in Abuja on Wednesday. The […]
(AFRICAN EXAMINER) – Chief Executive Officer, of the National Petroleum Authority (NPA) of Ghana, Mustapha Abdul-Hamid, said the coming onstream of 650,000 barrels-per-day (bpd) Dangote Petroleum Refinery will transform the Ghanaian downstream sector through the reduction in the cost of importation of petroleum products into Ghana. Speaking at the 16th Oil Trading and Logistics Expo […]
(AFRICAN EXAMINER) – Acting Chief Economist and Vice President of the African Development Bank (AfDB), Prof Kevin Urama has urged world leaders to take seriously climate finance and just energy transitions in Africa. Prof. Urama also called on industrialized countries to fulfill the pledge made at the 2009 Conference of Party (COP) meetings to provide […]
(AFRICAN EXAMINER) – The Naira on Tuesday exchanged at 441.67 to the dollar at the Investors and Exporters window, a depreciation of 0..07 per cent, compared with N441.38 to the dollar it exchanged on Monday. The open indicative rate closed at N440.58 to the dollar on Tuesday. An exchange rate of N447 to the dollar […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) has approved a €5.76 million grant to the Comoros to increase food production and enhance the resilience of its food system. The move comes as the country has experienced rising food prices due to the war in Ukraine. The grant funds will come from the African Development Bank’s […]
(AFRICAN EXAMINER) – The third edition for the Finance in Common summit ended on Thursday amid calls on the delegates to turn their commitments to do more in development financing for Africa into actions. This is coming ahead of the 2022 United Nations Climate Change Conference (COP27) next month. The public development banks meeting in […]
(AFRICAN EXAMINER) – European Investment Bank (EIB) has expressed its excitement over the strategic relationship and growing collaboration with the Development Bank of Rwanda (DBR). The BRD is Rwanda’s only national development finance institution with a mandate to ensure that the private sector plays its role in sectors critical to achieving the National Strategy for […]
(AFRICAN EXAMINER) – Affirmative Finance Action for Women in Africa (AFAWA), an initiative of the African Development Bank (AfDB), in collaboration with the Alliance for Financial Inclusion has introduced a new programme aimed at increasing financial inclusion for women-led enterprises across the African continent. The new initiative was presented to African Finance Ministers and Central […]
(AFRICAN EXAMINER) – Climate finance committed by major multilateral development banks (MDBs) rose in 2021 with over $19 billion committed to climate change adaptation finance, according to the Joint Report on Multilateral Development Banks’ Climate Finance, published on Friday. The report tracks the progress of MDBs in relation to their climate finance targets such as […]
(AFRICAN EXAMINER) – The Naira on Monday appreciated slightly against the dollar at the Investors and Exporters window, exchanging at N441.25. The figure represented an increase of 0.03 per cent compared with the N441.38 it exchanged for the dollar before the close of business on Oct. 14. The open indicative rate closed at N439.63 to […]
(AFRICAN EXAMINER) – Abidjan the capital city of Côte d’Ivoire is buzzing with activities as stakeholders and representatives of Public Development Banks (PDBs) from around the world converge for the kick- off of this year’s edition of Finance in Common Summit (FICS) today. The FICS is the global network of all PDBs, which aims to […]
(AFRICAN EXAMINER) – The pound jumped more than one percent against the dollar Monday as Britain’s fourth finance minister in as many months prepared to update on UK tax and spending plans that spooked markets in recent weeks. Sterling rallied 1.1 percent to $1.1293 ahead of Jeremy Hunt’s fiscal announcement due 1000 GMT. Hunt became […]
