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The decision by Western countries to halt overseas fossil fuel financing has sparked alarm among Africa’s largest hydrocarbon exporters. But plans are afoot to create a new pan-African energy bank that can tackle waning oil and gas investment and drive up production across the continent. According to local media reports in Nigeria, the Nigerian National ...
Blockchain platform MineHub is further branching out into the financial aspect of the metals and mining supply chain, with the formation of a joint venture with asset management firm Kimura Capital. Under the joint venture, the two sides will collaborate on the launch of the Syndication Application, a standalone platform that will enable investors to ...
Commercial banks lent over US$1.5tn to companies in the global coal industry between 2019 and 2021, according to new research, despite a flurry of commitments to ease away from the sector and aim for net-zero emissions. Yesterday, a coalition of NGOs published an analysis of data compiled by Dutch sustainability research firm Profunda, which suggests ...
The ‘phase one’ trade deal, signed between the United States and China in January 2020 following nearly two years of tit-for-tat tariffs and tensions, failed to achieve any of its stated objectives, according to new research. In its recent Realtime Economic Issues Watch report, the Peterson Institute for International Economics (PIIE), a US think tank, ...
Ghana’s GCB Bank has raised a US$117mn syndicated trade finance facility from a group of eight lenders. The facility, disbursed in early February, was oversubscribed by more than double its initial launch amount of US$50mn. London-based alternative trade finance, Africa Trade Finance, is the bookrunner and co-ordinator of the facility, while First Abu Dhabi Bank ...