Paying Africa's Climate Bill

March 7, 2024-A global approach to climate change requires private sector financial firepower
The world's poorest countries, especially those in Africa, are struggling to pay for a climate crisis they cannot afford.

More public debt is not the answer: climate investment needs exceed the lending capacity of multilateral finance institutions, and many African countries are already in a funding squeeze. What's needed are novel solutions-chiefly stepped-up private sector investment for climate action in poor countries. And these efforts cannot be simply country-based. They must be geared to achieve global goals for net zero greenhouse gas emissions.

The stakes in Africa are heightened because the continent will contribute the most to human population growth in coming decades. This will increase the need for funds to mitigate climate-warming emissions. At the same time, a greater share of the region's agriculture will be exposed to climate-linked productivity losses.

East Africa's regional 20 share index

June 24, 2025-The National Securities Exchange of Somalia (NSES) is joining the Somali Stock Exchange as a member of the East African Securities Exchanges Association (EASEA), which brings together the exchanges of Kenya, Rwanda, Somalia, Tanzania, Uganda and Ethiopia, as well as Burundi when that exchange will be launched.

African Credit Rating Agency to Launch September 2025

June 16, 2025--The African Credit Rating Agency (AfCRA), a new privately owned credit rating body, is set to begin operations by September 2025
The agency is backed by private sector stakeholders across Africa, not governments, to ensure independence and credibility