Author: InvestAdvocate

SEC Charges Three Senior Executives in Two Actions Alleging Massive Bribery Scheme Involving Indian Energy Companies Adani Green and Azure Power

Adani Green’s note offering raised $175 million from U.S. investors while bribery scheme was in progress November 20, 2024/US SEC   The Securities and Exchange Commission today charged Gautam Adani and Sagar Adani, executives of Adani Green Energy Ltd., and Cyril Cabanes, an executive of Azure Power Global Ltd., for […]

Multilateral Development Banks Welcome G20 Roadmap for MDB Reform

November 20, 2024/EBRD Image Credit: EBRD Meeting global challenges, creating opportunities, accelerating progress on SDGs and Paris Agreement The Heads of 10 multilateral development banks (MDBs) welcomed today the endorsement by G20 Leaders of the G20 Roadmap towards Better, Bigger, and More Effective MDBs. The Roadmap outlines a comprehensive vision […]

Nigeria’s Rising External Debt

November 20, 2024/CSL Research President Bola Tinubu has formally requested the National Assembly’s approval for a new external borrowing plan of US$2.2bn to help finance the 2024 budget deficit of N9.7trn. The request was detailed in a letter presented by the Speaker of the House of Representatives, Tajudeen Abbas, during […]