African Development Bank Group and the World Bank, have spearheaded a $75 billion multilateral Climate Investment Fund to catalyse the realisation of climate targets on net-zero emissions. The investment is in partnership with the United Kingdom’s government. They launched the fund, a capital market mechanism, on Tuesday in Baku, Azerbaijan. It is billed for listing […]
By Abdulfatah Babatunde The Democratic Front (TDF) has critiqued the World Bank for attempting to use President Olusegun Obasanjo’s regime as the benchmark for validating President Bola Ahmed Tinubu’s Renewed Hope Economic Agenda. TheNewsZenith reports that TDF, however, noted it agreed with some of the bank’s submissions. TDF insisted that the two scenarios were […]
From Our Correspondent A university lecturer, Dr Suleiman Lawal, has urged the Federal Government to provide farm inputs to farmers at subsidised rate. Lawal, a lecturer at Economics Department, Umaru Musa Yar’adua University, Katsina, gave the advice on Sunday in Kastina. He said such subsidy would help to stem rising cost of food in the […]
The World Bank has pledged to step up support to African countries with a special focus on their long-term development agendas, a senior bank official said. “We need to support long-term development agendas in Africa with particular focus on infrastructure, agriculture and other real sectors. These agendas will help remove bottlenecks and unleash growth,” World […]
The World Bank has approved $275 million in concessional financing targeted at securing support for fiscal stabilisation and accelerated economic growth programs, a senior government official has said. Situmbeko Musokotwane, the Minister of Finance and National Planning said the approval was granted through the World Bank’s International Development Association (IDA) at a meeting of its […]
Kenya’s Capital Markets Authority (CMA) said on Tuesday that it has developed rules to enable micro, small and medium enterprises (MSMEs) to raise capital through crowdfunding. Wycliffe Shamiah, the Chief Executive Officer of CMA, said the new rules pave the way for Kenya’s MSMEs, which employ some 15 million people in the workforce, to raise […]