Five African Nations Set for World’s First Joint Debt-for-Nature Swap
WEB10 hours ago · Five African nations are preparing to launch what could be the world's first joint "debt-for-nature" exchange. This initiative aims to raise at least $2 billion to protect the marine ecosystems of the Indian Ocean, a region rich in biodiversity but threatened by environmental degradation. The project is backed by a global group of nature ...
Homepage - Ecofin Agency
WEBFounded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.
DRC: Glencore Subsidiary Named in Dispute over $895M Debt
WEB9 hours ago · DRC: Glencore Subsidiary Named in Dispute over $895M Debt. (Ecofin Agency) - The Democratic Republic of Congo (DRC) is the world's top cobalt producer and the second-largest producer of copper. Both minerals are essential for energy transition. However, concerns remain about how much profit the country effectively makes from its mineral reserves.
Annual Reports: Cocoa & Forests Initiative Drives Sustainable …
WEB17 hours ago · Tuesday, 01 October 2024 10:35. (IDH) - The Cocoa & Forests Initiative (CFI), the largest and first sector-wide public-private partnership in the cocoa industry, has released its latest annual report. In 2023, CFI made significant strides in traceability systems, forest conservation and climate adaptation as detailed in …
Economic information from Africa - Ecofin Agency
WEBFeb 19, 2019 · Tunisia: Cinema as a tool for fight against corruption. L’agence Ecofin est une agence d’information économique africaine, créée en décembre 2010, basée à Yaoundé et à Genève. Elle rassemble une équipe de journalistes et d’experts, spécialisés dans les principaux secteurs africains de l’économie.
AI Could Unlock $30bn in Value for SSA, Study Backed by Google …
WEB4 days ago · A study supported by Alphabet, Google’s parent company, has revealed that generative AI could create an additional $30 billion in value for sub-Saharan African economies. The study highlighted that 58% of adults online strongly believe that AI could boost growth in their countries. The analysis behind these findings used various indicators ...
IMF Approves $210mln Loan for Liberia - Ecofin Agency
WEB5 days ago · The program will support reforms to address macroeconomic imbalances, strengthen debt sustainability, and promote private sector-led growth. Yesterday, the International Monetary Fund (IMF) announced its board of directors approved a $210 million loan for Liberia. The first disbursement will be around $5.8 million, according to the statement. This program is...
BOAD Closes CFA160bn Securitization in Less Than a Day
WEBAug 28, 2024 · After raising CFA150 billion in May 2023 through the securitization of sovereign debt, the West African Development Bank (BOAD) successfully completed another securitization last week, raising CFA160 billion. This latest operation was oversubscribed in less than a day, the Bank told Ecofin Agency. The deal included three tranches, which aligned ...
Africa needs $3trn to tackle climate change by 2030
WEBMonday, 02 September 2024 19:00. (Ecofin Agency) - Africa needs to mobilize $3 trillion by 2030 to tackle the impacts of climate change. This urgent reminder was delivered by Josefa Correia Sacko, Commissioner for Agriculture, Rural Development, Blue Economy, and Sustainable Environment at the African Union Commission.
Cameroon Issues $550mln in Eurobonds - Ecofin Agency
WEBWednesday, 24 July 2024 16:39. (Ecofin Agency) - Cameroon has raised $550 million in Eurobonds, leveraging a period of lower interest rates and increased demand for African debt. This move follows similar issuances by Côte d'Ivoire, Kenya, Benin, and Senegal. On Tuesday, July 23, 2024, Cameroon issued the seven-year Eurobonds at an interest ...