Business:Can Africa succeed in green industrialisation? | ANG
  • February 20, 2024

Nigerians protest over high cost of living

With placards reading ‘end bad government now’ and ‘end hunger’, residents of one of Nigeria’s largest cities took to the streets on Monday (Feb.19). Large crowds marched through the centre of …

Lion kills zookeeper at Nigeria’s Obafemi Awolowo University

A zookeeper at the Obafemi Awolowo University (OAU) in Nigeria has lost his life in a fatal encounter with one of the lions under his care. Olabode Olawuyi, who had been …

Business:Nigeria Naira drops further on official and unofficial markets to hit record lows

Nigeria’s currency naira on Monday fell to record lows on both the official and unofficial markets on while stocks posted their biggest one-day fall in more than a year. The latest …

Africa could lose up to $50 billion by 2040 due to the effects of climate change, even though it emits only 4% of greenhouse gases. Africa is, therefore, the continent most exposed to climate change, but also the most fragile.

With repeated episodes of flooding and high temperatures driving millions of people from their homes each year, economists are advocating green finance. However, the continent faces a huge challenge: the difficulty of raising green funds even though the mechanisms exist. For example, in the carbon credit market, the continent has only raised 2% of its potential and 1% of green bonds according to the Economic Commission for Africa.

So what role can banks play in mobilising these green funds? Economist Georges Vivien Hougbonon believes that “as Africa industrialises, it can embark on renewable energy in its industrialisation process. The instruments exist, whether at the level of banks or investment funds, which are increasingly oriented towards green

Morocco: The Agriculture Show returns after a three-year absence

Morocco will record a rebound in growth of 3.3% in 2023, more timid than expected and provided that the agricultural campaign is spared the historic drought of recent years, according to projections by the High Commission for Planning. This situation has had a strong impact on the agricultural show which marked its fifteenth anniversary in Meknes, in the north of the country.

Zimbabwe: a crypto-currency at what price?

The Reserve Bank of Zimbabwe is coming up with a number of solutions to control inflation and deal with liquidity problems. After selling gold to the public, coins that could be used as collateral for loans and credit facilities, it introduced a gold-backed crypto-currency this month despite the reluctance of the International Monetary Fund.

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