Only 12% of the $2.4 trillion investment needed by 2030 for climate financing in Africa has been met, according to Boston Consulting Group .
According to the report, the cost of debt for climate projects in the country is 20% compared with Paraguay’s 15%, although their sovereign ratings are the same . This can be seen as an indication that investors view the continent as risker than reflected by the global credit ratings agencies. BCG’s managing director and partner in Johannesburg, Warren Chetty recommends the strengthening of policy. He says policies must be correctly developed in appropriate areas so that structured financing instruments can be scaled to increase the availability of capital and reduce costs.Ways stakeholders can play in de-risking capital
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South Africa: Chinese E-Commerce Companies Popular in South AfricaRotondwa Mbadaliga is a self-professed 'shopping addict.' The 25-year-old South African fashion influencer says she is a huge fan of Chinese-linked e-commerce companies Shein and Temu because she can get the latest trends at the cheapest prices delivered straight to her door.
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