banks

Climate finance training for Somali banks signals shift toward private-sector climate action in Mogadishu MOGADISHU — Somalia’s banking sector took its first coordinated step into climate finance on Sunday, as the National Climate Fund (NCF) and the Somali Bankers Association (SBA) convened the country’s inaugural training on how lenders can access, structure, and deploy climate capital. Held in Mogadishu, the workshop introduced senior banking professionals to the global climate finance architecture — the funds, rules and…

MOGADISHU, Somalia — Somalia’s push to unlock climate finance moved a step forward Sunday as the National Climate Fund (NCF), in partnership with the Somali Bankers Association (SBA), held the country’s first climate finance training for Somali banks in Mogadishu. The session introduced bank executives and risk, credit, and product teams to the global climate finance architecture — how major international climate funds operate and where opportunities exist for Somalia’s private sector. It also served as a peer forum for…

World Bank's Climate Finance Faces Scrutiny: Oxfam Rings the Alarm Bell November 2024 – Nairobi — Oxfam International is sounding the alarm over the World Bank’s climate finance, pointing out murky waters in the Bank's transparency and accountability. Their latest doc, "Climate Finance Unchecked," pulls back the curtain on some dodgy discrepancies between budgeted and real spending in climate projects, hinting at shaky foundations in the fight against global warming. Drilling into data from 2017 to 2023, Oxfam spotlights…

Salaam Somali Bank, a leading privately owned bank in Somalia, is making an excellent contribution to the country's economic growth by offering free microfinance funds for small business development. On Saturday, March 27, 2021, the bank's branch in the Afgoye district of the Lower Shabelle region provided funds to the local merchants, thanking them for timely and much-needed support that will help increase their trade. The recipients of the free microfinance program express their gratitude to the management and staff…

An internal investigation by the Congolese central bank revealed more than a year ago embezzlement at its branch in Lubumbashi. Billions of Congolese francs would have been diverted there as they had to be destroyed or re-injected into the banking system. RFI was able to hear this file so far remained confidential. "I have nothing to do with these stories."…