World News

How Debt-for Climate Swap Offers Relief to Nigeria, Africa’s Debt Burden-Osinbajo

*VP’s ideas exciting, fresh thinking, says USAID Administrator September 5, 2022/OVP If and when Nigeria’s idea for a Debt-For-Climate Swap deal, tabled last week in the US at different forums and events including at the White House by Vice President Yemi Osinbajo, SAN, is widely accepted, the Federal Government would […]

World GDP Fell While Inflation Rose Even Further in 2Q22

September 2, 2022/Fitch Ratings The world economy saw an unusual combination of falling GDP set against high and rising inflation in 2Q22 as supply-shocks and ongoing pandemic related disruptions blighted the recovery, says Fitch Ratings. Falling activity and rapidly rising prices in 2Q22 highlight the risks of a stagflation environment […]

Italy’s CDP Agrees Debut EUR 100 Million Loan for AFC to Support Transition in Africa

August 31, 2022/Aetoswire The Italian development finance institution Cassa Depositi e Prestiti SpA (CDP) has agreed a debut 100 million euro loan for Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the African continent, to facilitate investments in renewable power, energy efficient projects and climate-resilient infrastructure. CDP, with […]