The European Investment Bank (EIB) and Allianz Global Investors (AllianzGI) have announced new capital commitments to the Emerging Market Climate Action Fund (EMCAF). Under the funding deal, the United Kingdom Foreign, Commonwealth & Development Office (FCDO) will commit €10 million (£9 million) just as Kreditanstalt für Wiederaufbau (KfW), on behalf of Germany’s Ministry for Economic […]
Global Multilateral Development Banks (MDBs) have reported that in 2022, they committed new record of $60.7 billion to climate finance in low-income and middle-income economies, representing an increase of 46% compared to 2019 investments. A new joint report by the MDBs indicated that out of the amount, $38.0 billion, or 63% was committed to climate […]
….As Nigeria tops private equity/ venture capital investment ranking chart The European Investment Bank (EIB) in its latest annual survey of banks in Africa titled ‘Finance in Africa in 2022: Navigating the Financial Landscape in Turbulent Times’, has identified asset quality deterioration amongst the major challenges facing lenders in the continent. The EIB report […]
European Investment Bank (EIB) has expressed its readiness to collaborate with African governments on accelerating climate adaptation in the continent. The EIB President, Werner Hoyer, made the promise at the Africa Adaptation Summit, the first-ever global summit to focus solely on accelerating climate adaptation in Africa organized by the Global Center on Adaptation (GCA), in […]
The African Development Bank (AfDB) and European Investment Bank (EIB) have agreed to support the creation of the new Development Bank of Nigeria (DBN) to strengthen lending for business and agriculture investment in the country. Already, the African Development Bank has promised a US $50-million equity participation in the DBN while European Investment Bank has […]