Nigerian banks are trying to raise funds for recapitalization through public offers; but do Nigerians have the money to buy them?

-Emmanuel Abara Benson Nigerian banks have until April 2026 to recapitalize, as recently mandated by the Central Bank of Nigeria (CBN). Already, some of them have submitted their recapitalization plans, and it appears they are resorting to the capital market to raise money through right issues, private placements, and public offers. GTCO Plc is among the first to launch a public offer, seeking to raise … Continue reading Nigerian banks are trying to raise funds for recapitalization through public offers; but do Nigerians have the money to buy them?

Impact Newswire01/09/202410/09/2024

Africa

Half the world’s countries have degraded freshwater systems, UN finds

Nairobi, 28 August 2024 – In half the world’s countries one or more types of freshwater ecosystems are degraded, including rivers, lakes and aquifers. River flow has significantly decreased, surface water bodies are shrinking or being lost, ambient water is growing more polluted, and water management is off-track. These are some of the findings of three reports tracking progress on freshwater, published today by UN-Water and … Continue reading Half the world’s countries have degraded freshwater systems, UN finds

Impact Newswire30/08/202430/08/2024

Africa, Asia, United States

2024 P3 Impact Award Finalists Announced

Media Note, Office of the Spokesperson – August 14, 2024 The Office of Global Partnerships at the U.S. Department of State, Concordia, and the University of Virginia Darden School’s Institute for Business in Society are pleased to announce the five finalists for the 2024 P3 Impact Award. Now in its 11th year, the P3 Impact Award recognizes exemplary public-private partnerships (P3s) that provide solutions to pressing global issues such as … Continue reading 2024 P3 Impact Award Finalists Announced

Impact Newswire15/08/202404/02/2025

Africa, Impact Newswire Exclusive

Zindi and RMB reinvent CPI nowcasting with community-first machine learning

Zindi and Rand Merchant Bank (RMB) joined forces in a 9-month endeavor known as the RMB CPI Nowcasting Grand Challenge. The objective was to leverage alternative datasets for predicting CPI one month ahead, a critical need for financial institutions to guide lending and investment decisions. The competition garnered participation from over 1500 data scientists across 86 countries, showcasing global interest and talent in the field, … Continue reading Zindi and RMB reinvent CPI nowcasting with community-first machine learning

Impact Newswire14/08/202408/04/2025

Africa

100 million to the West African development bank BOAD: the Italian Climate Fund subscribes the first ever hybrid bond for climate change mitigation issued by a multilateral bank

Rome, August 2nd, 2024 – A €100 million operation to finance projects addressing climate change mitigation in West Africa through the subscription of the first hybrid bond issued by a multilateral bank with this exclusive purpose. This is outlined in the agreement signed by the Italian Climate Fund, managed by Cassa Depositi e Prestiti (CDP) on behalf of the Ministry of Environment and Energy Security … Continue reading 100 million to the West African development bank BOAD: the Italian Climate Fund subscribes the first ever hybrid bond for climate change mitigation issued by a multilateral bank

Impact Newswire05/08/202405/09/2024

Africa

Buenassa Appoints Mr. Simon Tuma-Waku as Special Advisor to the CEO

Buenassa is pleased to announce the appointment of Mr. Simon Tuma-Waku with immediate effect as Special Advisor to CEO Eddy Kioni, focused on the development of mining and mineral processing projects. With a career spanning more than 30 years in the mining sector, Mr. Tuma-Waku brings considerable experience and expertise to his new role. Among his career highlights, Mr. Tuma-Waku joined the JCI Group in … Continue reading Buenassa Appoints Mr. Simon Tuma-Waku as Special Advisor to the CEO

Impact Newswire29/07/202408/01/2025

Africa

Access Bank Joins NGX to Launch Impact Board

Jul 22, 2024 Access Bank Plc, Nigeria’s leading institution in sustainable finance, was one of the participants in the launch of the Nigerian Exchange Limited (NGX) Impact Board, a dedicated platform for listing sustainability instruments to integrate sustainability into the core of Nigeria’s capital market. The event, marked by the attendance of high-profile stakeholders, including the Minister of Environment, Balarabe Lawal, and the Director-General of … Continue reading Access Bank Joins NGX to Launch Impact Board

Impact Newswire22/07/202424/07/2024

Africa, Untied Kingdom

Impacting lives, Access Bank Raises Millions to aid UNICEF in building schools

Date : July 22, 2024 Access Bank UK annual Challenge Cup day at Guards Polo Club Windsor announces more expansion and capital growth As it prepares to host its’ annual Access Bank Polo Day at Guards Polo Club Windsor on Saturday 20 July The Access Bank UK Limited has posted annual results that demonstrate another year of outstanding international growth. It was notable for the rapid progress … Continue reading Impacting lives, Access Bank Raises Millions to aid UNICEF in building schools

Impact Newswire22/07/202408/01/2025

Africa, Europe

Investment for enhanced access to finance for MSMEs in Nigeria

Stockholm, July 16, 2024 — Swedfund invests USD 30 million in Access Bank Nigeria Plc to reach underserved MSMEs (micro, small and medium enterprises) at scale. By providing long-term capital and capacity building to unbanked and under-banked companies in Nigeria, the investment is expected to support sustainable private sector development and inclusive growth. Nigeria, with a population of 230 million, has an unemployment rate at a staggering … Continue reading Investment for enhanced access to finance for MSMEs in Nigeria

Impact Newswire18/07/202422/07/2024