Africa remains the most affected continent by the global climate crisis, adding a considerable drain on its public finances and growth trajectory. Increasing cost of living has also impacted the macroeconomic conditions of most African countries worsening debt vulnerability and fiscal distress in their financial structures. Statistics from World Bank show that Kenya’s annual climate and nature financing gap is Sh775.1bn ($5.13bn), which is more than the country’s development budget of Sh743.5bn in the current financial year. Data from a private sector player, Engie Energy Access, also paints a gloomy picture of ‘sustainable climate’ indicating that Africa’s past and current…
Author: Victor Adar
UK based law firm, Gateley expands dispute resolution services in the region, with the appointment of a legal director for Middle East and Africa. Gateley law firm has appointed a new legal director for a share of the “untapped opportunities” of professional services in Kenya and support its continued expansion of commercial dispute resolution service provision across the region. Tonderai Nyandoro, who will be based at the firm’s Dubai office and will work closely with the recently appointed International Arbitration heads Kieran McCarthy and Michael Lightfoot in London, joins the professional services business as legal director for international arbitration, commercial…
