Browsing: Nigel Green

• An estimated 56 percent of global investors are preparing to increase their ESG investments in 2024 amidst escalating climate change challenges.
• This trend is occurring even as awareness among investors about ESG significantly increased in recent years.
• Currently, over 70,000 political and business leaders, diplomats, financiers, and activists are converging on Dubai to discuss ways to avoid environmental disaster due to climate change at COP28.

A new study from deVere Group, an independent financial advisory, asset management, and fintech organization, reveals that more than half of global investors plan to increase their Environmental, Social, and Corporate Governance (ESG)-oriented investments in 2024.

The study, which polled over 800 investors, shows that 56 per cent of global investors are gearing up to increase their ESG investments in 2024 amidst escalating climate change challenges.

These findings come as more than 70,000 political and business leaders, diplomats, financiers, and activists converge on Dubai …

• The war between Russia and Ukraine and the impact it has on global grain exports—which feed billions each day—highlight the urgent need for mobilizing private funding to ensure food security. 
• Citi Research shows that Ukrainian grain harvests and exports this year could be down as much as 50 percent on pre-war levels. Africa is highly dependent on grains from Ukraine.
• Meanwhile, the April 2023 edition of the Agricultural Market Information System Market Monitor shows the gradual decline over the past 10 months of global grain and oilseed prices to levels prior to the war in Ukraine.

The devastating war pitting Russia against next door neighbour Ukraine and its stifling of global grain exports underscores the urgent need for mobilising private funding to provide food for the hungry in Africa, which has been depending on Kiev to feed her people.

This is the call-to-action from deVere Group’s CEO Nigel Green, and …

• Economic experts are of the view that the banking crisis that spooked investors and sent shockwaves around the world could ultimately be beneficial for global financial markets.
•  DeVere Group CEO Nigel Green says banking crisis could ultimately prove to be beneficial for global markets. 
•  The emergency lifelines being thrown to banks by regulators and governments, among others, appear to have now halted contagion within the sector.

The banking crisis that spooked investors and sent shock waves around the world could ultimately be beneficial for global financial markets.

This is according to Nigel Green, the CEO and founder deVere Group, one of the world’s largest independent financial advisory, asset management and fintech organizations who says the banking crisis could trigger a vital intervention from governments to stabilise the markets.

Green says the emergency lifelines being thrown to banks by regulators and governments, among others, appear to have now halted contagion within …

• Silicon Valley Bank (SVB) was the 16th largest bank in the United States catering for the financial needs of technology companies around the world.
• The risk of a ripple effect impacting the global financial system is high.
• The US government has moved quickly to salvage the bank and safeguard deposits   

US-based Silicon Valley Bank (SVB) was the 16th largest bank in the United States catering for the financial needs of technology companies around the world.

SVB’s woes started when the US reserve bank hiked rates to mitigare inflation pressures. The bank had a significant portfolio of government bonds whose prices fall when interest rates are jerked

The Guardian explains that, “If SVB were able to hold those bonds for a number of years until they mature, then it would receive its capital back. However, as economic conditions soured over the last year, with tech companies particularly affected, many of the …

• Inflation is cooling gradually but remains stubbornly high in most economies, including Africa, UK and U.S. despite the efforts of central banks according to economic experts. 
• In 2023 EIU forecast that disinflation in SSA will be slower than on all continents barring Latin America and Asia and Australasia, and that SSA inflation will average 12.5 percent. 
• Markets are now betting on a longer period of higher interest rates as they begin to take heed of the message from central bank officials.

Inflation is cooling gradually but remains stubbornly high in most economies, including Africa, UK and U.S. despite the efforts of central banks according to economic experts.

Average annual inflation in Sub-Saharan Africa (SSA) in 2022, hit 14.5 percent year-on-year on aggregate according to Economist Intelligence Unit (EIU) and is estimated to have been higher than in any other region of the world except the Middle East and North Africa, …