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12 results for "financial institutions"
African financial institutions with over $70 billion in combined assets are changing how the continent funds its digital future. The solution isn't more money—it's smarter ways to use what's already there.
BTG Pactual, one of Latin America's largest financial institutions, just secured $1.2 billion dedicated entirely to planting trees and restoring forests. The massive investment marks one of the biggest private sector commitments to reforestation in the region's history.
National Bank of Egypt just joined a massive renewable energy project that's bringing nearly 600 megawatts of solar power to the nation. The landmark investment shows how major financial institutions are betting big on clean energy's future.
Australia's major banks have joined forces to fight organized crime, blocking over 1,000 suspicious accounts and helping seize 35 million illegal cigarettes in just four months. The unprecedented collaboration shows financial institutions can be powerful allies in disrupting criminal networks.
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After months of frozen accounts, South Africa's KwaZulu-Natal province has returned $400 million to 65,000 depositors and is rebuilding Ithala bank with new accountability measures. The turnaround shows how government intervention and governance reform can rescue financial institutions serving vulnerable communities.
Nobel Peace Prize-winning group Nihon Hidankyo is asking Japan's biggest banks to stop funding nuclear weapons manufacturers. Two major financial institutions have already adopted similar policies on their own.
African financial institutions are joining forces to unlock billions in funding for digital transformation across the continent. A groundbreaking coalition is creating new ways to finance AI, digital infrastructure, and tech innovation where traditional funding has fallen short.
The Dangote Refinery, Africa's biggest oil processing facility, just locked in $4 billion to strengthen its operations and help the continent become more energy independent. African financial institutions led the deal, betting big on homegrown solutions to reduce Africa's reliance on imported fuel.
A tech company that helps banks serve small businesses better just secured $9.5 million to expand across Africa. Instead of competing with banks, littlefish built the tools financial institutions need to support merchants.
Nigeria's Bank of Industry just handed over a brand new 30-room hostel to a medical university, giving hundreds of students a safe place to live and study. The investment shows how financial institutions are stepping up to solve the country's student housing crisis.
Twenty-nine major international banks have declined to fund a massive liquefied natural gas project in Papua New Guinea, citing environmental and human rights concerns. The decision marks a significant shift in how financial institutions evaluate infrastructure projects in vulnerable ecosystems.
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South Africa just got three confidence boosts in a row, as global financial institutions raise their economic outlooks following major improvements in electricity and infrastructure. The country's finance team is now pitching these wins to international investors at Davos.