Nigeria, with the largest economy in sub-Saharan Africa, is launching its own development bank. The Development Bank of Nigeria, conceived in 2014, is now capitalized with $1.3 billion from the World Bank, KfW, the African Development Bank and the Agence Française de Development. The bank aims to lower borrowing rates and lengthen loan tenures for
ADM Capital, based in Hong Kong, will get an undisclosed amount from the investment matchmaking platform Convergence to develop its plans to boost investment in smallholder farmer livelihood, rural electricity and greenhouse gas reduction in Indonesia. Cash-generating projects in the Tropical Landscapes Financing Facility will be packaged into a Tropical Landscapes Bond in order to
The big Swiss bank UBS is looking for ways to put its clients’ wealth to work on some of the 17 Global Goals, including hunger, health, education, infrastructure, clean energy and climate action (UBS said peace, justice and strong institutions are less investable). Something like $5 trillion a year is needed to meet the goals.
Norway has pledged $100 million to a $400 million fund to protect five million hectares of forest and peatlands by 2020. The new fund, to be managed by the Dutch manager IDH, will invest in forest-rich countries to boost the productivity of farmers while protecting forests and reducing greenhouse gas emissions. Unilever is the first corporate
After a weekend of pageantry, puffery and protest, it’s time to deliver. Holding the Trump administration and Congress to account means more than chasing every tweet, more even than setting straight every falsehood. It means keeping track of real results and using data to correct course. Fortunately, President Trump provided his own scorecard in his inaugural