Africa is expected to be disproportionately affected by climate change, despite accounting for less than 3% of the world’s energy-related carbon dioxide emissions ANALYSIS | AGENCIES | The African Development Bank (AfDB) has unveiled an insurance facility that aims to raise an initial US$1bn in financing to support countries on the …
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Kampala, Uganda | THE INDEPENDENT | Uganda needs 3-4 billion dollars for climate finance in the next ten years but that money is not flowing as expected. The African Development Bank’s Uganda report finds that only about 785 million dollars have been mobilized or 25% of the actual needs. Peter Engbo …
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Seoul commits US$600 million to Africa’s energy, agriculture Kampala, Uganda | RONALD MUSOKE | South Korea has injected US$600 million into the development of Africa’s energy and agricultural sectors as the call to have close to 600 million Africans get access to an electricity grid gathers pace across the continent. The …
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Kampala, Uganda | THE INDEPENDENT | Intra-regional trade in the countries in Eastern Africa is still below 10% despite initiatives like East African Community. This is according to a report by the African Development Bank. The Bank in the report said that even the African Continental Free Trade Area has not …
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The S&P Global Ratings assigned a AA-rating to the debut transaction, the highest rating for hybrid capital Abidjan, Ivory Coast | THE INDEPENDENT | The African Development Bank Group has received global recognition for its inaugural hybrid capital issuance, positioning the Bank as a pioneer in innovative sustainable financing. The …
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Second Annual Meeting of Africa Sovereign Investors Forum Kampala, Uganda | AGENCIES | African Development Bank Vice President for Private Sector, Infrastructure, and Industrialisation Solomon Quaynor has called for unity to unlock the potential of African sovereign wealth funds, strategic investment funds, pensions, and life insurance assets, estimated at $2.3 trillion. …
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It’s time to push for greater debt transparency across all creditors and natural resource backed loans should no longer be used as collateral Kampala, Uganda | RONALD MUSOKE | Africa’s total external debt hit the US$ 1 trillion-mark last year and is expected to rise up to US$ 1.13 trillion by …
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Africa bank lists economy among best in Africa COVER STORY | THE INDEPENDENT | Just days to the June 14 reading of the national budget in parliament, the African Development Bank (AfDB) has listed Uganda among countries whose good GDP growth performance is expected to make Africa the second fastest growing …
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Kampala, Uganda | THE INDEPENDENT | Africa contributes the least – less than 3% to global warming, yet the continent is the most vulnerable to climate risks. To build resilience against climate change, the countries have outlined tangible ambitions for green growth, including plans to increase climate investment. Amid dwindling climate …
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London, UK | THE INDEPENDENT | The Co-Financing, Syndications and Client Solutions department of the African Development Bank Group has met with London-based insurers to galvanize continued support of the Bank’s balance sheet optimization and mobilization ambitions, in line with its 2023 lending program. The Bank held an investor relationship …
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The Independent Uganda: You get the Truth we Pay the Price