11/09/2022
Climate change financing out of reach for Africa, says Cyril Ramaphosa
Multilateral development banks need to be reformed to meet the needs of developing economies for climate resilience
ESG
11/08/2022
Business Day partners with Sanlam, Intellidex to launch ESG Barometer
SA is an outlier on some global environmental, social and governance (ESG) measures
11/03/2022
Africa’s 600m off grid triggers alarm ahead of COP27 forum
Kenya has since enacted the Refugee Act, which came into force in February this year, relaxing the restrictions on movement.
11/02/2022
South Africa: Integrating climate and development goals requires a low-carbon, climate-resilient and just transition
The report highlights the key policies and investments needed to achieve South Africa’s climate goals through a “triple transition” that is low-carbon, climate-resilient and just.
11/01/2022
South Africa in advanced talks to secure $600mln climate funding loan
The loan is part of the $8.5bln pledged by international partners at COP26
11/01/2022
Two-thirds of US money for fossil fuel pours into Africa despite climate goals
Joe Biden will fly to Africa to attend the Cop27 talks in Egypt but the US funnels billions to dirty projects in the continent
10/27/2022
EBRD, EU and GCF strengthen green investments in Morocco in partnership with Bank of Africa
These funds are an extension of an existing loan provided under the Green Economy Financing Facility
10/26/2022
S.Africa’s Standard Bank to exceed 2022 green financing target
Fihla said Africa’s biggest lender by assets has already disbursed around 40 billion rand of the 50 billion it had earmarked for sustainable projects this year.
10/25/2022
AfDB Plans $1.5bn Green Facility to Meet Demand for Funds to Develop Clean Energy
The lender aims to raise $100 million by the end of 2023 and the full $1.5 billion by the end of 2025, a small proportion of the financing the continent will need to adapt to a warming planet.
10/21/2022
African Development Bank plans $1.5 billion green facility
The fund aims to encourage investment in climate finance needs on the continent, which aren’t being met by cash-strapped African governments or by developed nations.
10/20/2022
Standard Bank Arranges Largest Syndicated Sustainability-Linked Real Estate Debt Facility In Sub-Saharan Africa For GRIT Real Estate Income Group
This has made GRIT’s loan management processes more streamlined and efficient, giving GRIT’s management greater time to focus on its other core strategic activities.
10/19/2022
KCB Signs Up To Join ABLC Mission
As part of the commitments by the ABLC, member organisations will commit to participate in the United Nations Global Compact and to uphold its Ten Principles in their business practices and with their suppliers and customers.
10/17/2022
ADB Announces $2.5M Funding for Renewable Energies in Mozambique
“With 187 gigawatts, Mozambique has the potential to become Southern Africa’s leading power generator, thanks to untapped resources in coal, hydro-electricity, gas, wind and solar power,”
10/14/2022
Kenya up two places in Absa markets index on ESG reporting
The Absa index, now in its sixth year, evaluates financial development in subject countries based on measures of market accessibility, openness and transparency.
10/12/2022
Sola reaches financial close on South Africa solar farms
Two 100MW plants to supply electricity to five Tronox mining facilities
10/11/2022
SA to get multibillion-rand loans for renewables
The announcement came two months after US secretary of state Anthony Blinken visited SA
10/03/2022
Development Bank Ghana shows commitment to operating sustainable business … signed on...
He said the compact provided DBG with a universal language for corporate responsibility and framework to guide all businesses regardless of size, complexity or location.
10/03/2022
NBC Targets 40% Net Zero Emission by 2040
Seguin stated this during the NBC Stakeholders’ forum 2022 in Lagos to intimate its stakeholders on the progress it has made so far as a company.
09/27/2022
Environmental, social and governance impact on to banking sector
The advantages of ESG are also becoming evident and well documented with proven advanced performance in financial markets for ESG aligned assets.
09/23/2022
Zenith Bank commits ‘heart and soul’ to sustainable, responsible banking
Governance is so well entrenched in the system that it is part of our creed.