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WEBEcofinAgency. ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded 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, …
Economic information from Africa - Ecofin Agency
WEBTunisia: 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.
Coalition Seeks $90bn to Power 300 Million Africans by 2030
WEB1 day ago · Saturday, 21 September 2024 07:03. (Ecofin Agency) - An international coalition led by the World Bank and the African Development Bank (AfDB) aims to raise $90 billion to provide electricity to 300 million Africans by 2030. The program focuses on clean energy solutions. The Rockefeller Foundation, Global Alliance for People and Planet, and ...
Africa Lost 18% of Mountain Tropical Forests Between 2003 and …
WEB2 days ago · A report published in August in Nature by a team of African and European researchers reveals that Africa lost 7.4 million hectares of mountain tropical forests between 2003 and 2022. This loss amounts to 18% of the total area of these vital ecosystems, which are crucial for carbon storage and biodiversity.
African nations expand guided trade initiative within the AfCFTA ...
WEBJan 18, 2024 · In a significant development for the operationalization of the African Continental Free Trade Area (AfCFTA), 24 new countries are set to join the Guided Trade Initiative in 2024. Wamkele Mene, the Secretary-General of AfCFTA, announced this expansion during a roundtable discussion on January 16, …
UN Milestone Achieved in International Tax Reform with Africa …
WEBAug 19, 2024 · Africa took a leading role in shaping the terms of reference for future negotiations, strongly advocating for a more inclusive and transparent framework. With leadership from Nigeria, Kenya, and Ghana, Africa is now influencing the global tax agenda, challenging the OECD's approach. On August 16, 2024, a significant milestone was...
South African Banks Turn to Hybrid Capital to Absorb Losses
WEBSep 13, 2024 · South Africa's six largest banks are preparing to raise R360 billion ($20.23 billion) by 2030 in response to new requirements set by the South African Reserve Bank. This complex but essential financial tool, known as the Financial Loss Absorbing Capacity (FLAC), aims to boost banking stability and prevent the need...
COP28: $175M Pledged for African Green Infrastructure
WEBDec 3, 2023 · In a powerful signal of support during COP28, African and global institutions together with governments of Germany, France and Japan and philanthropies have pledged over $175 million to the Alliance for Green Infrastructure in Africa (AGIA). The landmark initial pledge will help to rapidly scale up financing for transformative climate-aligned...
Afreximbank to Double Intra-African Trade Financing to $40bn by …
WEBTuesday, 13 August 2024 14:18. (Ecofin Agency) - The African Export-Import Bank (Afreximbank) announced plans to double its financing for intra-African trade to $40 billion by 2026, up from $20 billion in 2021. The announcement, made on August 9, 2024, by Haytham ElMaayergi, Executive Vice President of Afreximbank's Global Trade Bank, came ...
Africa urges a spotlight on climate finance as the world heads to …
WEBNov 29, 2023 · The African Development Bank will mobilize financing for climate action at this year’s UN Climate Change Conference, COP28, and amplify Africa’s calls for robust commitments by wealthy countries to meet the continent’s urgent needs in addressing climate change. The Bank Group, led by its President, Dr Akinwumi Adesina, will launch...
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