An unjustified assertion of blanket secrecy for the minutes of a meeting is inconsistent with the transparency policy at the European Investment Bank, according to a ruling in a complaint brought by Eye on Global Transparency. The decision might eventually provide new insight into the workings of consortium that controls a major international database. The EIB must now reconsider its initial...
African NDC‑Aligned Green Industrial Infrastructure as a Globally Competitive Investable Asset Class
Countries face high costs in managing their foreign liabilities. Initiatives to mitigate the situation, such as the new continental rating agency, have recently emerged. External debt servicing will cost African countries US$89 billion in 2025, according to estimates by the G20. South Africa, which holds the presidency of the Group this year, established a committee of experts in early March...
The European Investment Bank Complaints Mechanism has recommended that the EIB reconsider withholding key information about the terms of an agreement to license GEMs data to a private company. The 2019 licensing agreement with ILX, a Dutch investment company, was unusual as the only instance in which the EIB granted a private company access to the Global Emerging Markets (GEMs) Risk...
Dr. Hubert Danso, Chairman, Africa investor (Ai) Group Every year of delayed green technology deployment costs the world an estimated $1.6 trillion in climate damages and lost opportunities—a stark reminder of the urgency to act. The challenge of achieving net-zero targets amidst systemic climate finance gaps is one of the defining crises of our time. Green technologies hold the key to unlocking...
Poor data and small capital markets make it hard to gauge risks and returns The concept of risk is completely invented to ensure that investment doesn’t come to Africa,” Gagan Gupta told an audience of investors and entrepreneurs earlier this year, to resounding applause. Mr Gupta, whose firm works on logistics and utilities across Africa, is optimistic about the continent and scathing...
As officials from around the world strive this week to reach a deal on funding for poorer countries to tackle climate change, investment manager Rob Drijkoningen is the sort of person they're hoping will help get them there. Drijkoningen is head of emerging market debt at U.S. asset manager Neuberger Berman, which holds $27 billion in sovereign and corporate debt from...
The Sustainable Markets Initiative (SMI) Africa Council has unveiled a new initiative aimed at making natural assets a core component of national balance sheets. The Natural Capital on African Governments’ Balance Sheets initiative is an institutional investor-public partnership led by the SMI Africa Council, which brings together institutional, technology and legal partners such as the African Union Commission, Africa Investor Group,...
The impacts of climate change have been on stark display this year, from severe flooding in Brazil and East Africa to droughts in Mexico and Europe and wildfires in Canada. Record-breaking heat has claimed lives around the world. These disasters are evidence that the world has not yet done nearly...
