Homepage - Ecofin Agency
WEBL’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.
Africa Lost 18% of Mountain Tropical Forests Between 2003 and …
WEB10 hours 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.
Economic information from Africa - Ecofin Agency
WEBL’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.
Airtel Africa Receives $200mln Boost from IFC - Ecofin Agency
WEB3 hours ago · Airtel Africa has secured a new loan of $200 million from the International Finance Corporation (IFC), the lender announced Thursday.
South African Banks Turn to Hybrid Capital to Absorb Losses
WEB6 days ago · 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...
UN forecasts moderate 3.5% growth for Africa in 2024 amid global ...
WEBJan 12, 2024 · The UN predicts a modest growth rate for Africa in 2024, rising to 3.5% from 3.3% in 2023. The organization attributes this subdued growth to the global economic slowdown, tightening monetary and fiscal conditions, and the high risks associated with the debt sustainability of several countries. The 'World Economic Situation...
COP28: $175M Pledged for African Green Infrastructure
WEBDec 3, 2023 · The new pledges will also advance AGIA towards its first close of $500 million of early-stage project preparation and development blended capital. The Alliance is a partnership of the African Union Commission, the African Development Bank, Africa50 and other partners. It works to unlock up to $10 billion private capital for green infrastructure projects and to galvanise global action to ...
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...
African fintechs projected to reach $20bn turnover by 2028, …
WEBNov 8, 2023 · The combined revenue of startups specializing in financial technology (fintechs) operating in Africa is projected to reach $15 to $20 billion in 2028, up from $3 to $4 billion in 2022. This growth signifies an average annual growth rate of 30% during the period, according to a report published on October 24 by the consulting firm McKinsey & Company, entitled "Fintechs: A new paradigm of growth."
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...