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
ESG
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.
09/16/2022
South Africa lays out climate demands to rich polluters ahead of COP27 summit
Ms Creecy was one of the prominent African voices before the COP26 event in Glasgow last year.
09/15/2022
African Development Bank Issues Inaugural
The green bond proceeds will contribute to building resilience against the negative effects of climate change
09/14/2022
Africa losing up to 15% of GDP growth to climate change, African Development Bank says
"These sums reflect how the crisis is," Urama said. "Investing in climate adaptation in the context of sustainable development is the best way to cope with the climate change impacts."
09/13/2022
Absa funds South Africa’s first utility scale renewable energy captive power project
The project is expected to reduce Tronox’s global carbon emissions by approximately 13%.
09/12/2022
Creative climate finance in Africa
African leaders look to build financing momentum at COP27 in Egypt