Category: ENVIRONMENT

African Development Bank launches historic 10.5-year inaugural USD Global Sustainable Hybrid transaction

ABIDJAN, Ivory Coast, February 1, 2024/ — The African Development Bank (www.AfDB.org), rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable) has successfully launched and priced its first Sustainable US dollar-denominated 750 million perpetual subordinated hybrid capital notes. On the 30th of January 2024 the African Development Bank launched a hybrid capital transaction with a coupon of 5.75% until August 2034, with a 10.5 year first call date at the Bank’s discretion. The Bank achieved a top quality and granular orderbook with over 275 investors, of which over 190 were allocated. Investor…

COP28: The Good, The Bad And The Ugly Of The Global Stock-Take Text

Okereke is the Director of the Centre for Climate Change and Development at Alex Ekwueme Federal University Ndufu-Alike, a Professor of Global Governance and Public Policy at the University of Bristol and a Visiting Professor at the London School of Economics, UK The 28th Session of the Conference of the Parties (COP28) to the UN Framework Convention on Climate Change (UNFCCC) took a significant step by unveiling a bold Global Stocktake (GST) draft that underscored the imperative for nations worldwide to steer away from the use of fossil fuels; marking…

From COP28 to a circular world: Investments need to focus on the circular economy alongside renewables

In the wake of COP28, which called upon parties to transition away from fossil fuels, the World Circular Economy Forum 2024 (WCEF2024) emerges as a landmark event that highlights the circular economy as the premier post-fossil fuel investment frontier. WCEF2024 will take place in Brussels, Belgium from 15-18 April, and convenes thousands of experts to explore the vast opportunities that the circular economy presents. HELSINKI, 24 January 2024 – The transition from fossil fuels to renewables is imperative, yet alongside this, a strong focus on circularity is also needed. This…

From Africa to Europe: Securing investment for gas export infrastructure

PARIS, France, January 24, 2024/ — Africa’s abundant natural gas reserves represent an attractive opportunity for monetization and export, aligning with Europe’s growing demand for cleaner and more energy. This synergy has set the stage for heightened Africa-Europe trade and partnership, with a focus on gas-directed investments. The upcoming Invest in African Energy (IAE) forum in Paris on May 14–15 will serve as a focal point of this topic, bringing together African nations with European investors who are eager to tap into Africa’s gas resources and unlock new sources of power.…

New African Magazine reveals the 100 Most Influential Africans of 2023

The list features a diverse and inspiring group of men and women from various fields and sectors, who have made a positive impact on the continent and the world Creatives dominate the ranking with 31 representatives, followed by Business with 25 entries Nigeria is the country most represented on the list The list reflects the shifting trends and priorities in Africa, as the continent faces new challenges and opportunities 02 January 2023 – New African magazine released today its annual listing of the 100 Most Influential Africans of 2023. The list…

Factoring Urban Gardening into African’s Built Environment

…. As ACEACFMS 2023 holds in Accra Story: Mohammed Abu Science, Technical and Mathematics (STEM) students from the Kumasi Academy Senior High School, in Ghana’s Ashanti Region excited participants with a great presentation on the science of urban gardening and vertical farming concept at the. maiden event of the African Continental Sustainable Built Environment Summit(ACEACFMS)held at East Legion in country’s capital of Accra, on Thursday, December, 14. The science based urban gardening concept combines science and innovation that seeks to offer opportunity especially for vegetable crop production under an urban…

About Scale Up of Africa’s Sustainable Built Environment

Story: Mohammed A. Abu A one-day maiden Africa Continental Sustainable Built Environment Industry Summit (ACEACFMS 23) ended successfully at East Legon, Ghana’s capital city of Accra on Thursday December 14, with a formal declaration of the event as an annual one. The declaration was made by Mr. Daniel Kontie President/CEO of the Africa Continental Engineering & Construction Network(ACECEN), Earlier in his welcome address during the event he said that, the African Built Environment must be placed in a position to transition from the current brown construction techniques to Green building…

Africa Must Set the Timing for its Energy Transition, Whether the World Likes It or Not

About a year ago, before COP27 began in Egypt, Fiona Harvey and Matthew Taylor wrote in an opinion piece for The Guardian that it was time for gas exploration in Africa to stop. “Africa must embrace renewable energy, and forgo exploration of its potentially lucrative gas deposits to stave off climate disaster and bring access to clean energy to the hundreds of millions who lack it, leading experts on the continent have said,” they wrote. This is hardly new. For several years now, wealthy nations and environmental organizations have been…

West Africa’s Energy Transition Offers $1T+ in Investment Opportunities

PARIS, France, December 11, 2023/ — West Africa is home to a diverse landscape of energy players, from mature petroleum producers to emerging gas frontiers. For established markets, the energy transition requires decarbonizing and optimizing existing operations, while bringing renewable energy and carbon capture technologies to the forefront. Meanwhile, frontier markets are seeking to build sustainable energy mixes from the ground up, relying on integrated gas developments to fuel their transition. As a result, an array of partnership and investment opportunities are shaping the region, which European and global investors…