Legal processes, budget cuts hamper ATIDI’s $155m green investment adoption

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The ATIDI’s guarantee instrument for independent power producers has attracted just 10 countries since its establishment.

High-tension electrical power lines at the Azura-Edo Independent Power Plant on the outskirts of Benin City in Edo state, Nigeria June 13, 2018. Picture taken June 13, 2018. REUTERS/Akintunde Akinleye/File Photo

The Regional Liquidity Support Facility – a guarantee instrument provided by African Trade and Investment Development Insurance to renewable energy independent power producers – has witnessed some growth over the years, but the tedious legal processes and budget constraints are still glaring bottlenecks that limit sovereigns’ ability to access support, says ATIDI CEO Manuel Moses.

Fintech startups and artificial intelligence are not threats but transformative allies to the traditional banking sector, according to Aida Diarr...Nigeria Air, launched with high hopes and a $250m budget, was poised to become the cornerstone of President Muhammadu Buhari’s administration.The plan to list the Dangote refinery in Nigeria and London could spur the Nigerian government to privatise and list its own currently underperforming...

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Nigeria Nigeria Latest News, Nigeria Nigeria Headlines