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Green bonds offer hope, and risk, in Africa's climate fight
Green bonds offer hope, and risk, in Africa's climate fight
Economy
by  AFP

It only took two days for Nigeria to raise $59 million through green bonds -- part of a funding drive for climate and environmental projects in a nation still hooked on oil. Green bonds are similar to sovereign bonds: Investors are paid interest on what is essentially a loan to the government, but in this case the money funds environmentally friendly projects.

Stocks climb, dollar holds on trade hopes and rate bets
Stocks climb, dollar holds on trade hopes and rate bets
Economy
by  AFP

Asian markets rose Friday on fresh trade hopes and the dollar held around three-year lows amid bets of cuts to US interest rate cuts. Traders are now fully expecting two rate cuts this year, while there was a pick-up in bets on a third, according to Bloomberg News.