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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Multilateral Development Banks

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Africa

JPMorgan Warns African MDBs Could Lose Preferred Creditor Status

JPMorgan analysts have warned that some of Africa's smaller multilateral development banks, including the Africa Export-Import Bank and the Trade and Development Bank, could be stripped of their Preferred Creditor Status says Reuters. PCS is a widely accepted principle that gives multilateral development banks priority for debt repayment when a borrower faces financial stress, ensuring these banks are paid back before other creditors.

todayJune 18, 2024 97

Africa

Africa needs just trade for a Just Energy Transition, African Development Bank head says at Doha Forum

The President of the African Development Bank Group Dr Akinwumi Adesina has reiterated his warning that the introduction of a carbon border tax by the European Union could push Africa back into exporting raw commodities and undermine its industrialisation gains. The European Union recently launched the initial phase of a Europe-wide carbon tax on imported goods as part of its climate change reduction measures. Adesina said this could penalize African […]

todayDecember 14, 2023 11

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Africa

COP28: The deals so far

From historic agreements on Loss and Damage, to transformative declarations on food systems and health, COP28 could mark a monumental shift in how the world addresses environmental challenges. Here are some of the deals announced so far. COP28 has mobilized over $83 billion in funding, setting the pace for a new era in climate action. These include the first ever declarations on food systems transformation and health, plus declarations on […]

todayDecember 12, 2023 7

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Africa

Climate action for Africa in 2023: three big developments

By Nicholas P. Simpson, Overseas Development Institute 2023 is highly likely to be the hottest year ever recorded. And climate change is to blame for one-quarter of the global population being exposed to dangerous levels of extreme heat. We need signs that countries are taking steps to address this. Specifically, we need climate action that helps us adapt and that cuts greenhouse gas emissions, if we want to minimise the […]

todayNovember 30, 2023 4

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