Latest news with #AfricaFinanceCorp
Bloomberg
06-08-2025
- Business
- Bloomberg
‘Prejudice Premium' Costs Africa $75 Billion a Year, African Finance Corp Says
Mispriced risk and flawed perceptions of default are costing African nations billions of dollars a year in additional borrowing costs and lost revenue, according to Africa Finance Corp. 's president. 'These default rates are really, really exaggerated,' Samaila Zubairu said at an event in Johannesburg on Wednesday. 'The prejudice premium Africa has paid is $75 billion annually. That's a lot of money.'
Bloomberg
06-08-2025
- Business
- Bloomberg
Africa's Critical Minerals Key to Clean-Energy Drive, AFC Says
Africa's role in the global pivot toward cleaner sources of energy should focus on increasing the supply of critical minerals needed to make the transition, rather than on reducing its own negligible emissions, according to the president of the Africa Finance Corp. 'Africa doesn't emit enough greenhouse gas' to meaningfully impact on climate change, accounting for less than 4% of the global total, Samaila Zubairu told the Financing Africa Forward Summit in Johannesburg on Wednesday. 'We can't stop emissions that we don't make.'
Bloomberg
20-06-2025
- Business
- Bloomberg
Italy to Provide €250 Million to Africa Finance for Energy, Rail
Markets By and Ana Monteiro Save Italian institutions will provide as much as €250 million ($288 million) to Africa Finance Corp. to boost the European nation's participation in supply chains related to critical minerals and renewable energy. State lender Cassa Depositi e Prestiti SpA will provide the 10-year loan facility, with Italian export-credit agency SACE covering as much as 80% of the amount, they said in an emailed statement.
