Africa

Africa

Green Growth Should be Part of Kenya’s Development Agenda

It is well understood in economic circles that the pursuit of development requires heavy financing. This has led to the establishment of innovative financing...

Islamic Development Bank Freezes Somalia Project

The Islamic Development Bank has suspended a multimillion-dollar project in Somalia due to accusations of corruption and mismanagement. Started in October 2016, the Dryland...

Five African Countries to Issue Sukuk in H2, 2018

Five African countries (apart from Mali earlier this year) will issue sukuk (Islamic bonds) in H2, 2018, Ecofin Agency learned from a report published...

Sukuk – a New Avenue for Funding African Infrastructure

In generic terms, economic theory categorises infrastructure assets as public goods. This means a good or service that is provided without profit to all...

Nairobi Bourse Plans Rolling Out the Green Bonds

The Nairobi Securities Exchange (NSE) under the watch of the Capital Markets Authority (CMA) has rolled out a legal framework to support issuing of...

Gold-Backed Crypto-Currency Lands in South Africa

OneGram, which claims to be the world's first crypto-currency that is both gold-backed and Shari'ah compliant, has officially launched in South Africa. One of...