With Africa requiring over $300 billion annually for climate adaptation, policymakers and government officials meeting at a high-level event on the sidelines of the Africa Climate Summit in Nairobi, have called for the implementation of innovative mechanisms to unlock climate financing. The event cohosted by AfriCatalyst and Open Society Foundations...
Africa should brace for climate refugees in the coming years-majority of who will be women, if governments and private sector don’t prioritize investment in sound climate change mitigation models, experts have warned. During a recent fire side chat on climate change organized by AfriCatalyst in Dakar Senegal, participants discussed...
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Ethiopia seems to be on the final lap in the creation its securities exchange after its initial finalization announcements in 2020. The Ministry of Finance of Ethiopia, the new state enterprise Ethiopian Investment Holdings (EIH), and FSD Africa signed a cooperation agreement to establish the Ethiopia stock exchange(ESX). Fifty...
Ghana is developing a policy to guide the scale up in production of Electric Vehicles. The policy dubbed E-Mobility when finalized is expected to guide in Ghana’s quest to have an environmentally friendly and sustainable transport system . This was made known by Ghana’s minister of Transport, Kwaku Ofori...
Reports on jet fuel scarcity have rocked the African continent over the last couple of weeks owing to Russia’s invasion in Ukraine. The pandemic had caused a major crisis for aviation and people in general and now with fuel prices having risen to record highs, things are not looking...
Nigeria’s first deep sea port is set to open in the commercial capital of Lagos in September. The Lekki deep sea port has reached 89% completion and is set to transform Nigeria into an African hub for transshipment upon completion. “With this port, Nigeria will become a transshipment hub,...
Cocoa farmers in Nigeria under the umbrella of Cocoa Farmers Association of Nigeria (CFAN), have vowed to increase the country’s cocoa production from the present 340,000MT to 500,000MT by 2024. In conjunction with other value chain stakeholders CFAN says it is committed to increase and build a...
The Pan-African Payment and Settlement System (PAPSS) operated by African Export-Import Bank (Afreximbank) in collaboration with the African Continental Free Trade Area (AfCFTA) Secretariat has announced the signing of a Memorandum of Understanding (MoU) with BUNA, the cross-border and multi-currency payment system owned by the Arab Monetary Fund (AMF). “The...
