How debt-for-nature swaps are resuscitating climate action investments in Africa | Business

to Portugal and over €400 million to Portuguese banks, is suffering from rising sea levels and biodiversity loss due to increasing ocean acidity.

The newfound common ground between Cape Verde and Portugal comes at a time when the island nation is accelerating its fight against climate change. According to the report, such plans"can allow a country greater flexibility in its future budgetary decisions, increasing its capacity to address environmental needs without the burden of additional debt restructurings". proposal from the World Wide Fund for Nature . If it goes through, it could help the country unhook, at least partially, from a $13 billion debt, currently under re-evaluation.

On a United States state visit, Yemi Osinbajo, Nigeria's vice president, indicated"debt-for-climate swaps would guarantee a just and equitable energy transition for its population and Africans".

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East Africa: African Leaders Want Easier Access to Climate FinanceWhile Africa is constantly assured that it holds a well-deserved seat in climate financing negotiations, leaders have informed the International Monetary Fund (IMF) that the process involved in acquiring such funding is still burdensome.
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Business Maverick: Yellen Says South African Coal Communities Need $3.5 BillionSouth Africa has identified more than 60 billion rand ($3.5 billion) of investments needed to help communities in the coal-mining Mpumalanga province as the industry gradually winds down, US Treasury Secretary Janet Yellen said as she announced an additional $45 million in grant support. Fake. Like the Gavin Watson accident ANC alert! Money incoming, prepare to steal it!
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Business owners in South Africa are looking to emigrate to escape Eskom and load sheddingA notable immigration consultant firm has noted an increase in enquires from South African business owners looking to emigrate to escape the costs of load shedding. You forgot to put SMART in front of business owners. That's the smart move AthiGeleba Eskom_SA CyrilRamaphosa PresidencyZA SAgovnews Loadshedding stage 5
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Business Talk – The ultimate platform for business thought leadershipBusiness Talk with Michael Avery, South Africa’s leading online business talk show, gives your executives a fantastic platform for thought leadership.
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