Africa investor (Ai), a leading international investment group, today launched the Africa investor (Ai) Nationally Determined Contribution (NDC) Investment Awards on the margins of the Commonwealth Heads of Government Meeting (CHOGM) currently underway in Kigali, Rwanda. The NDC Investment Awards will be presented at COP27 that will take place in Egypt from November 7 to…
Details The report shows where capital can be directed most effectively, including 10 priority technologies, to meet the record investment in climate solutions required by 2050. The report underscores areas where investor engagement is needed to help corporates prioritise investments in key technologies and to obtain the corporate disclosures needed to further advance the measurement of…
Details Today, there are some estimates of the climate funding needs for African projects of some $3 trillion by 2030. There is also the view that this funding can be harnessed from institutional investors if the investments were “de-risked”. Therefore, the search is on to fund such de-risking. So the question is raised: how much de-risking…
Details Investment Leader s Supporting Regional Economic Integration in Africa The Opportunity: Regional economic integration is the single most important priority for business and governments seeking growth opportunities. Foreign direct investment (FDI) has consistently increased to the African continent, as has investor confidence. The challenge remains to increase and sustain this positive investor sentiment. It is…
Details The African Green Infrastructure Investment Bank (AfGIIB) has announced its model law on Institutional Investor-Public Partnerships (IIPP) initiative (ML-IIPP). First adapted by the African Unions’ 5 percent institutional infrastructure investment agenda initiative, the ML-IIPP framework will assist emerging and developing countries to derisk and meet their net-zero capital mobilization goals. The ML-IIPP initiative is a…
Details New York, 29 September – African governments can turn trade barriers into accelerators that build back stronger economies and accelerate intra-continental trade. At a high-level side event on the margins of the 76th United Nations General Assembly, the African Continental Free Trade Area (AfCFTA) Secretariat, Africa Investor, and the United Nations Development Programme (UNDP) presented…
Details Global sovereign wealth fund assets, including Nigeria’s, have reached $9,143,213,790,349, data released by the Sovereign Wealth Fund Institute (SWFI) has indicated. Norway’s Norges Bank Investment Management with $1.4 trillion in assets, is the world’s biggest sovereign wealth fund, the report revealed. It is followed by China Investment Corporation — $1,222,307,000,000; Kuwait Investment Authority , $692,900,000,000;…
Details ADDIS ABABA – Ethiopian Electric Power has disclosed plans to build 71 power projects over the next 10 years. This will cost at least U.S.$40 billion and will consist of 16 hydropower, 24 wind, 17 steam, and 14 solar power projects. Andualem Siae, CEO of Ethiopian Electric Power has said that the project cost is…
Details South Africa’s Financial Sector Conduct Authority (FSCA) suspended the exchange license of ZAR X on August 20, 2021. ZAR X was founded 5 years ago and was the first new stock exchange in South Africa in 58 years. ZAR X is in competition with the JSE. “The suspension resulted from ZAR X’s non-compliance with section…
Details The African Sovereign Wealth and Pension Fund Leaders Forum announced and presented its Pan African Green Infrastructure Investment Bank (AGIIB) initiative, during The fifty-third session of the Conference of African Ministers of Finance, Planning and Economic Development, hosted by the UN ECA. The AGIIB initiative recognises that the African green finance market, is highly fragmented…
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