Tag: Samaila Zubairu
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Africa pays high price for misjudged risk — $75bn lost annually

North Africa PostComments Off on Africa pays high price for misjudged risk — $75bn lost annually

Misjudged risk assessments and persistent financial bias are costing African countries a staggering $75 billion annually in inflated borrowing costs and lost revenues, according to the Africa Finance Corporation (AFC). AFC President Samaila Zubairu described the misperception as a “prejudice premium,” arguing that Africa’s default rates are “really, really exaggerated.” Research by Moody’s Ratings supports […]
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Africa urged to stop selling land, forests on ‘depreciated’ carbon credit market — AFC report

North Africa PostComments Off on Africa urged to stop selling land, forests on ‘depreciated’ carbon credit market — AFC report

African countries must stop selling land on “depreciated” carbon credit market, and instead the continent should strive to become the global centre for high-value, high-integrity carbon credits, according to a new report from the Africa Finance Corporation (AFC). Released at COP28 by the Nigeria-based AFC, the positioning paper warns that at a critical moment in […]