(AfDB) - Africa contributes the least - less than 3% -- to global warming, yet the continent is the most vulnerable to climate risks. To build resilience against climate change, the countries have outlined tangible ambitions for green growth, including plans to increase climate investment.
Amid dwindling climate finance flows to Africa, the African Development Bank has committed to helping to de-risk and remove business barriers to increase private investors' contribution to climate finance on the continent.
(AfDB) - The African Development Bank is set to roll out the first green finance facilities in two public financial institutions in Benin and Côte d’Ivoire as part of its ground-breaking African Green Bank initiative. The host institutions are La Caisse des Dépôts et Consignations du Bénin (CDC Benin) and the Ivorian National Investment Bank (BNI).
The digital and interbank payment service was announced a few months ago. The service aims to reduce cash dependence and improve financial inclusion and bank interoperability.
Today March 13, the South African Reserve Bank has officially launched PayShap, an instant interbank electronic payment method that allows individuals and companies residing in South Africa to make or receive payments using a bank account number, a cell phone number, and a registered business name or ID (for businesses).