01 October 2023
With US$10 trillion in combined assets – many of which are highly polluting – the world’s sovereign wealth funds have been accused of lagging behind the rest of their financial sector in terms of their climate change commitments. What can be done to change the status quo?
Obi Emetarom is an ambitious man. He wants his fintech company Appzone to be at the heart of African banking and payments with its proprietary cloud and blockchain based technology, and, after raising US$10mn in series A funding earlier this year, he is building the team to do it.
Italian energy company Enel sold a multibillion-dollar sustainability-linked bond at the start of July, as the nascent deal structure, which sees a coupon step up on missed ESG targets, continues to gain global popularity.
The pandemic served as a catalyst for changes that were already underway, not least greater digitisation and better non-financial risk management.
Sir Paul Collier has been working in Africa for four decades and is one of the world’s leading voices on the economies of the region. He tells EMEA Finance that, while the pandemic has ravaged the continent, there are clear signs of hope for sustainable economic growth.
The Brexit deal has posed challenges for London-based financial services firms, which look set to lose some of their EU business as a result.
The acquisition will position Vista Group as a ‘catalyst for economic development’ across 16 countries in West and Central Africa.
Supply chains have come under unprecedented pressure in the last two years, with the coronavirus pandemic and Russia’s war on Ukraine leading to a worldwide shortage of everything from microchips to wheat. Logistics companies are at the forefront of getting supply chains working again, and for many, the collapse of reliable supply routes has led to both opportunities and challenges.
The past several years have been record-breaking ones UK biotech investment – but the UK needs to use its full financial firepower if it is to become a global leader.
FAB and Egypt are leading the way in a brisk start to the year after a relatively muted market last year.
