saved

Ecobank Bets $450M Africa’s Biodiversity Can Be Saved

Ecobank is betting that saving African biodiversity is good business — and investors are all in.

In May, Togo’s Ecobank became the first commercial bank in Africa to issue a nature bond, mobilizing $450 million that will primarily be utilized to finance sustainable agriculture, biodiversity, and water infrastructure across sub-Saharan Africa. Floated at the main market of the London Stock Exchange, it is being touted as the world’s first commercial bank-issued nature bond that meets standards set by the International Capital Market Association (ICMA).

The ICMA last year introduced the nature bond label as a secondary designation under its Green Bond Principles framework. Ecobank thus becomes the first commercial bank to issue a green bond with the nature bond label.

The offering creates a new route for investors who want to help protect the continent’s biodiversity. Home to 1.5 billion people — about 20% of the global population — Africa hosts 25% of global biodiversity, although it has lost nearly a quarter of its pre-industrial total, according to a study by the Stockholm Resilience Centre (SRC).

Conflicts, perennial food insecurity, economic instability, and stunted development are among the culprits, and action is only becoming more urgent as the climate crisis worsens, yet Africa receives less than 3% of global nature finance.

Given the challenge, the Ecobank bond has generated unprecedented excitement. The 10.25-year, Tier 2 eurobond was oversubscribed nearly four times, attracting order books in excess of $1.36 billion against an initial target of $350 million. Owing to the overwhelming demand, Ecobank decided to increase the transaction by $100 million and tighten pricing by 50 basis points. Moody’s awarded the transaction its SQS1 Excellent score, the highest possible sustainability quality mark.  

“This transaction is a defining moment for African sustainable finance,” said Jeremy Awori, Ecobank CEO. “Investors did not just support this bond. They demanded more of it, allowing us to increase the size and tighten pricing.”

Biodiversity Investors

FMO, the Dutch entrepreneurial development bank, was the anchor investor with a $50 million participation, noting that the bond aligns with its strategy of supporting green and sustainable finance that contributes to biodiversity in sub-Saharan Africa. It was the second time FMO has served as anchor investor for an Ecobank transaction. In 2021, it invested a similar amount in the bank’s inaugural $350 million Tier 2 sustainability notes.

Finnfund was another major investor, with a $15 million ticket; the bond falls in line with the Finnish development financier and impact investor’s broader focus on safeguarding biodiversity.

“By supporting investments that promote sustainable land use and protect natural resources, Finnfund aims to contribute to preserving the natural capital that economies and livelihoods depend on,” said Ulla-Maija Rantapuska, Finnfund’s senior investment manager, in a prepared statement.

For Ecobank, the nature bond’s debut was timely, enabling it to refinance its outstanding $350 million of 8.75% notes, which are due to mature in June 2031. The proceeds of the transaction will be ring-fenced to support smallholder farmers adopting sustainable agricultural practices. Additionally, the funds will back agri-processors with verified deforestation-free supply chains. Funding will also target water infrastructure protecting freshwater ecosystems that millions of people rely upon.

Ecobank operates in 34 sub-Saharan African countries, where it boasts 32 million customers and $801 million in pre-tax profits as of last year; it has identified 24 markets as key for biodiversity lending. Critical lending criteria favor countries where agricultural land-use change is the primary driver of biodiversity loss.

John Njiraini is a contributing correspondent based in Nairobi, Kenya.

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Gorgeous Art Deco English lido to get £250,000 makeover after being SAVED from closure

A POPULAR swimming spot is set to undergo a major transformation this summer- just three months after being saved from closure.

The historic Art Deco venue will receive a 6-figure makeover.

Brockwell Lido Swimming Pool in the 1930s.
The site has been a well-known spot for swimming in south London Credit: Alamy Stock Photo
Participants swim in an outdoor pool during a winter charity event at Brockwell Park Lido, London.
It is set to receive a six figure investment from the council Credit: Alamy Stock Photo

Brockwell Lido, in south London, is set to undergo a £250,000 renovation following Lambeth Council’s take-over of the pool’s management from July 1.

Previously overseen by Fusion Lifestyle for more than 13 years, the leisure charity entered into administration on April 1 this year.

Now, through its in-house leisure services – Active Lambeth – the council will overhaul the current sports facilities, bringing in new fitness equipment, strength training areas and flooring to the site.

As a result, the gym will be closed from the start of the month, with works set to be completed within two weeks.

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The 89-year-old lido will also receive improvements, including new pool lane ropes, with swimming facilities expected to remain open throughout the upgrade.

Councillor Natalie Kane, the deputy leader and cabinet member for inclusion, democracy and culture, said: “Brockwell Lido is a vital community asset and we’re proud to be bringing it back in-house, as part of the Active Lambeth family.

“This is an iconic building that is cherished by the people who use it. We’re excited to be investing in the Lido so visitors have modern facilities that support health and wellbeing for everyone.”

Lambeth Council’s take-over aims to introduce a “more connected leisure offer for residents”, with new technology and greater benefits for members.

Following the transition, existing memberships will automatically transfer over to Active Lambeth’s site with no action required from members.

Designed in the Art Deco style, the popular south London spot originally opened in 1937 and was even crowned the ‘Best Lido in Britain’ last year.

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Katie Price’s hubby Lee Andrews claims he was ‘captured at gunpoint’ & ‘slapped around’ for SPYING before she saved him

KATIE Price’s husband Lee Andrews has broken his social media silence since going missing weeks ago.

The 43-year-old has claimed he was “captured at gunpoint” and “slapped around” before being accused of spying.

A man with a beard and light blue hoodie speaks to the camera.
Lee Andrews has spoken out about being jailed
Katie Price and Kieran Hayler in front of city buildings at night.
Lee then shared a heavily filtered picture of him and his wife Katie Price

He then praised his wife Katie, 48, for her help in getting British authorities involved in his release.

Posting a video of himself on social media with a thicker-looking head of hair, Lee said: “Hi everyone, this is Lee. I’ve been missing now for several weeks. I can tell you I’m now safe and healthy and with my wife.

“I was taken close to the Hattar-Omani border by men at gunpoint and then I was captured by men with assault rifles.

they did slap me around a little bit, little s***s, and I was hand-tied, shackled and also had a hood over my head.

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“From there I was taken to a black site and I had no use of my phone and from what I know it was an extended arm of the National Guard and that’s all I can reveal at the moment.

“I have signed disclaimers now with state security and from there I was put into the system.

“At no point have I faced anything to do with fraud allegations or any criminal activities such as that.”

However, UAE officials debunked his claims he was in jail for spying and confirmed he has spent the past four weeks behind bars on suspicion of fraud.

However, UAE officials challenged his claims he was in jail for spying and said he has spent the past four weeks behind bars on suspicion of fraud.

Lee doubled down on his version of events today, adding: “So I’m sending these messages out to my loved ones and my beautiful wife, who without her help involving all the UK authorities, I don’t think I would have got out of that situation.

“Because of the tensions and things happening in the region, and me being so close to the border, this is why I was suspected of espionage and held in a state security building without the use of a telephone and any right to shower, contact or speak to any of my family, including the embassy or my wife.

“So thank you to Katie for making such a noise where the UAE actually listened and let me go.

“From there, I did have a civil case in Dubai, which led to me going into the mainstream prison during the Arabic holiday Eid and I was able to secure my release.

“I’m here now. So thank you for everyone for listening and loved blessings to everyone.”

Katie appeared to accept his story, sharing Lee’s video on Instagram saying: “My husband is back. I love you.”

The former glamour model’s controversial husband was released from Dubai’s notorious Al Awir prison on Friday.

Katie quickly jetted back to Dubai from the UK over the weekend to see her other half and they shared an emotional reunion on Sunday evening.

Pictures showed Katie jumping into Lee’s arms as he picked her up and hugged her before heading to Vox Dubai, an outdoor rooftop cinema, to catch a World Cup football game.

Lee met Katie via Instagram in January and married in Dubai just nine days later in a whirlwind romance.

Katie told critics who have questioned her decisions: “I know people have been calling me stupid, I see all the trolling, I hear it.

“I am not stupid. Trust me, I am protected in every way. My card has been marked and I have been taking notes.

“There is no way he would mess with me, and in a way I feel protected because I have the nation looking out for me. I’m not a mug and when I finally see Lee, I am going to question him.

“And if the answers I get are not right, that will be it: I’ll be done. That’s it. And I’ll just get on with my life… and not find a man on Instagram and message him….”

Legal documents revealed that Lee was facing multiple legal issues in Dubai.

The court mandated that a total fine of £140,000 would need to be cleared before he could be released.

While imprisoned, Lee requested during a prison phone call that Katie start an online fundraising page to help raise the money, but she told him: “No one will do that for you, Lee, trust me. Everyone hates you.”

During his four weeks at Al Awira, Lee boasted about his accommodation, claiming to have befriended suspected Irish crime boss Daniel Kinahan.

Lee previously served a prison sentence in October for forging Taji’s signature on a £200,000 mortgage document.

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Woman attacked by shark in Australia, saved by lifeguard

A woman was attacked Saturday at a beach in Australia. It’s the fourth such attack within about five weeks. The others were fatal. File Photo by Bianca De Marchi/EPA

June 13 (UPI) — A woman is in critical condition after a shark attack at a popular Sydney beach Saturday, and she was saved by a nearby lifeguard.

The 35-year-old woman hasn’t been identified. She had serious bite injuries on a leg and an arm from the morning attack at Coogee Beach, a police statement said. She and two friends were swimming about 100 feet from the shore, when she was bitten, ambulance official Michael Corlis said. Lifeguard Tony Waller said the shark was about 11 feet long.

Lifeguard Charlie Verco told The Sunday Telegraph in Sydney that he saw the shark while he was on his paddleboard.

“I saw the shark come out of the water and just the size of it shocked me,” Verco said. “I kept paddling towards her and the shark took her underwater and I was going, ‘What do I do now?’ A couple of seconds later, she popped up again.”

Verco said the victim was too weak to get onto the paddleboard, so he grabbed her arm and pulled her toward the beach. Other people helped them get to shore.

Ian Ferguson, an off-duty doctor at the beach with his family, said there was a “big cloud of blood in the water.”

Ferguson and other bystanders applied tourniquets and gave first aid to the woman on the beach. Her leg bite was about a foot wide, and her bone was exposed, he told The Telegraph. The wound on her arm was similar.

They got her to a nearby rugby field where she was flown by helicopter to a hospital.

This is the fourth shark attack in Australia in the past five weeks. Three men have been killed by sharks while spearfishing.

On June 6, a man, 35, died after he was bitten while spearfishing near Michaelmas Island on the western coast. A 38-year-old man died after he was bitten by a 13-foot shark on May 16, then a 39-year-old man was killed in Queensland, in the northeast part of the country, on May 24.

In January, a 12-year-old boy died in the hospital after being attacked by a bull shark in Sydney Harbor.

Since 1791, when records began, there have been nearly 1,300 shark attacks in Australia, with 260 of them fatal. Australia has averaged two to three fatal shark attacks per year since 2000, according to the Australian Shark Incident Database. There were five last year.

Shark attacks have become more common as water sports like surfing and scuba diving have become more popular.

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Cristiano Ronaldo of Portugal looks on during the 2022 FIFA World Cup Round of 16 match at Lusail Stadium in Doha, Qatar, on December 06, 2022. Photo by Chris Brunskill/UPI | License Photo

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How Gemma Collins’ dad saved her from financial ruin & helped rake in £1.4M last year… he even lives with her & fiancé

GEMMA Collins spent years convincing the world she was living her best diva life – but behind the designer handbags and larger-than-life personality, there was a time when the empire she had worked so hard to build started crumbling around her.

Incredibly, the GC pulled herself back from the brink and banked more than £1.4 million last year. But friends say the feat would have been nearly impossible without the help of one very special man.

Gemma has admitted that Alan is the gatekeeper to her fortune Credit: Getty
Gemma’s Dad is her rock and keeps her grounded Credit: Instagram

Those closest to Gemma have revealed the secret to the Romford-born star’s success is her dad, Alan, who is credited as the only person who can keep Gemma grounded.

A source tells us: “People see Gemma as this unstoppable force of nature, but behind the scenes, Alan has always been her rock.

“When things got difficult financially, he stepped in and took control.

“Gemma trusts him completely. There aren’t many people she would hand that responsibility to.”

For years, Gemma has openly admitted that Alan is effectively the gatekeeper to her fortune.

In one interview, she confessed: “My dad controls all my money. Seriously, I have to ask him if I want to upgrade my car.”

It’s a remarkable admission for a woman who has built a reported £4million fortune and can command up to £75,000 for a single sponsored Instagram post.

But those who know the family say it perfectly sums up their relationship.

Another source tells us: “Alan has always kept Gemma grounded.

“She’s the star, but he’s the sensible head behind the scenes.

“When she gets excited about a new project, he’s often the person asking the difficult questions.”

The latest figures suggest that the approach is paying off.

Accounts for her personal brand, Gemma Collins Ltd, show the company landed profits of around £1.4 million last year.

For fans who remember the financial turmoil of previous years, this is a huge turnaround.

Back in 2017, Gemma Collins Boutique Ltd was forced into liquidation owing around £88,000 to creditors.

The problems continued when she was disqualified from acting as a company director for three years in 2020 after repeatedly failing to meet VAT return deadlines, with HMRC pursuing claims worth more than £71,000.

A separate clothing business was later voluntarily dissolved, while her cosmetics venture, GemmaCollagen Ltd, survived for just a matter of months before disappearing altogether.

One insider tells us: “There was a period where it felt like every business venture came with a headache.

“Gemma never stopped working, but there were definitely lessons learned.

“That’s when Alan became more involved.”

It is perhaps fitting that Gemma’s biggest supporter is also somebody who understands business himself.

Alan built a successful career in shipping and has long been regarded as one of the most influential figures in his daughter’s life.

Fans caught a glimpse of their bond on her reality shows, where Alan frequently offered advice, not just about money but about life itself.

During one emotional conversation about her turbulent romance with James Argent, he told her: “You’ve just got to find some stability in your life when you find the right person.

Gemma’s parents, Alan and Joan, live with Gemma in her £1.3 million Essex home alongside fiancé Rami Credit: Refer to Caption
Gemma will return to screens with a new Sky reality series, Four Weddings and a Baby, with Rami Credit: Splash

“As much as we all like Arg, you’ve got to decide if he’s the right person.”

He later added: “For my daughter, I want somebody who’s top dollar.”

Those close to the family say that attitude explains exactly why Gemma places so much trust in him.

One source tells us: “Alan isn’t interested in celebrity.

“He cares about Gemma being secure and looked after. That’s always been his focus.”

Their relationship has only strengthened in recent years.

Gemma has spoken emotionally about her father’s devastating battle with Covid in 2020, when he spent weeks fighting for his life in intensive care.

She has also supported both Alan and mum Joan through a series of serious health scares, including Joan’s breast cancer diagnosis and terrifying hospitalisation last year after she stopped breathing.

The ordeal brought the family even closer together.

These days, Alan and Joan live with Gemma in her £1.3 million Essex home alongside fiancé Rami.

Speaking previously, Gemma said: “They live with me now. They’ve moved into my home, so we’re like one big Irish family.”

And remarkably, there appears to be very little tension under the roof.

Previously speaking to The Sun, Gemma explained: “Rami was absolutely fine with it.

“He loves my parents. They get on really well.

“You’ve got to remember, Rami has been in my family for nearly 15 years.”

The happy family dynamic comes as Gemma prepares for what insiders believe could be one of the biggest chapters of her career.

Later this year, she will return to screens with a new Sky reality series, Four Weddings and a Baby, which follows her wedding plans with Rami and her hopes of starting a family.

One insider tells us: “This show is incredibly important to Gemma because it’s the most personal thing she’s ever done.

“People know The GC, but this is about the woman behind the character.

“She’s genuinely in a really happy place.”

And for Gemma, that happiness feels hard-earned.

Perhaps that’s why those closest to her believe the latest financial success means far more than a healthy bank balance.

It’s proof that after all the setbacks, Gemma Collins is finally enjoying the stability she spent years chasing.

And standing beside her through every twist and turn has been the same man all along.

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Tony Awards 2026: “Schmigadoon!” wins best musical in a season saved by revivals

It was a strange year on Broadway, but then it’s been strange everywhere. Our world at times seems downright unrecognizable, with politicians acting like mob bosses, AI transforming not just the internet but potentially the entire economy, the cost of living leaving only the super rich able to keep up, and I won’t even mention the climate crisis, but the forecast calls for more doom and gloom.

Good work, however, won’t be denied, even if Broadway producers have perhaps overlearned the lesson of last year’s sleeper, Cole Escola’s “Oh, Mary!” Parody with a heavy dose of camp has become all the rage in a theatrical season in which the best musical winner, “Schmigadoon!,” is an affectionate sendup of golden age classics by Rodgers and Hammerstein, Lerner and Loewe and their inspired descendants.

If Broadway is changing faster than the old guard can keep pace, the same is true for the culture in general. The economics of producing have scrambled the old playbooks. Unusual risk has occasionally brought unexpected rewards. “Schmigadoon!” fended off the competition to take the night’s top prize along with awards for both its book and score by Cinco Paul.

Michael Arden’s spectacular production of “The Lost Boys” — the staging won awards for Dane Laffrey’s scenic design and Jen Schriever and Arden’s lighting — enriched the 1980s cult film on which the show is based with human substance and high-flying showmanship. Shoshana Bean’s win for her featured performance as a persevering single mom, is a testament to the musical’s capacious heart. Ali Louis Bourzgui’s somewhat unexpected yet eminently worthy triumph for his featured performance as the vampire with front-man magnetism, catalyzed the production’s thrilling virtuosity. But few would describe this year’s ragtag selection of new musicals as robust.

The only overriding lesson may be that there are no overriding lessons. Two-time Oscar winner Adrien Brody made his Broadway debut in “The Fear of 13,” reprising his acclaimed Olivier-nominated London performance. But he didn’t even receive a nomination for his work — a snub that I found unaccountable.

Spoofs like best musical nominee “Titanique,” a zany burlesque of James Cameron’s “Titanic” and all things Celine Dion, found new respectability on Broadway. And “Two Strangers (Carry a Cake Across New York”), the two-person British musical by Jim Barne and Kit Buchan, endeared itself to audiences (if not so much to Tony voters) with its rom-com appeal. But what does it say about a season in which musical revivals upstaged new work?

“Ragtime,” the Lincoln Center Theatre production directed by Lear deBessonet that originated at New York City Center, was not only the most operatic offering of the season but was all the most emotionally stirring and dramatically ambitious. The show, which justly received the Tony for best musical revival contained perhaps the season’s most seismic tour de force. Joshua Henry’s Tony-winning lead performance as Coalhouse Walker Jr., the path-breaking pianist tragically ahead of his time, was astonishing in both its theatrical might and its generosity, which allowed everyone around him to shine, especially Caissie Levy, who picked up a Tony for her lead performance as a white matriarch whose political consciousness courageously awakens.

“Cats: The Jellicle Ball” pulled off the seemingly impossible by making Andrew Lloyd Webber’s megamusical look cool on Broadway. The production’s radical concept brings the queer audacity of Harlem Ballroom culture to these feline proceedings. For their imaginative daring, co-directors Zhailon Levingston and Bill Rauch were justly honored as were costume designer Qween Jean and choreographers Omari Wiles and Arturo Lyons, among the production’s notable awards.

“Chess,” which was strangely overlooked in the best musical revival category (“The Rocky Horror Show” strutted in instead), may not have managed to overcome the challenge of this over-elaborate geopolitical tale, even with a puckish new book. But the production made Nicholas Christopher a likely future Tony winner star.

What was old was new again on Broadway, but let’s hope that producers can still believe that the best is ahead of us.

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My fave UK seaside lido is reopening this weekend after being saved from closure

SUN RAYS warming your cheeks, there’s the gentle smell of a barbecue and kids all around have smiles on their faces, but what could make it more perfect? A lido.

With temperatures soaring to 30C across the UK this bank holiday weekend, a lido seems like the perfect day out and for years on end, it was where I would beeline to in the warm weather.

Teignmouth Lido was saved from closure by the local community Credit: Teignmouth Lido
And it will reopen on May 23 Credit: Facebook/TeignbridgeLeisure

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But I wouldn’t just head to any old lido; my preferred spot is Teignmouth Lido in Devon.

Recently saved by the local community from closure, Teignmouth Lido to most will seem like a regular open air pool.

And while I may be biased as the destination is home to many fond childhood memories with my family (including my dad doing handstands in the water and begging to get ice cream from the counter), the lido does have a lot to boast about.

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The lido can be found in the Devonshire seaside town of Teignmouth Credit: Getty
And is right by the beach and historic pier with arcades Credit: Getty

The pool measures 25-metres-long, between May and September there are usually a whole host of events on and is surrounded by a grassy bank ideal for sunbathing.

If you just fancy a dip, then a two hour block costs £8.40 per adult and £5.40 per child – though you can also get a full-day swim pass costing £15.10 per adult and £9.70 per child.

Just want to watch your kids? You can do that too and pay a smaller spectator fee of £4.40 for two hours, or £7 all day.

Sessions tend to be split between general swims, lane swims and fun sessions but there are also Aqua Fit and ‘Fit for Sea’ sessions.

There are a number of other beaches nearby too, including near The Point Credit: Getty
You can also hop on a ferry from The Point across to the village of Shaldon Credit: Getty

Following the risk of closure earlier this year, the lido has been saved by an outraged local community (including myself) and will be run by Teignbridge District Council this summer before hopefully being sold to the local community.

And really, the lido couldn’t be closer to the seafront – only separated by a wall.

Teignmouth Seafront Beach is huge and features unique red sand you find across Devon.

What makes the beach particularly special is the amount you can do there, such as heading along the South West Coast Path and watching trains whizz by at Teignmouth Railway View.

Also by the beach is a play park, skate park and crazy golf Credit: Getty
The town centre is free of big branded chains and boasts cosy cafes instead Credit: Alamy

Halfway down the beach you’ll also find Teignmouth Pier.

Standing since 1867, the pier is just one of two pleasure piers left in the South West of the country.

Inside you can find all you would expect of a traditional seaside pier, such as penny arcade machines and even modern video games.

You can also grab a bite to eat and ice cream on the pier.

At the other end of the beach, there is then Jurassic Adventure Golf – ideal for a bit of competitive family fun – and the play park.

There’s also a historic lighthouse near the seafront Credit: Getty

If all of this wasn’t enough, the promenade along the entirety of the seafront is flat and wide, making it the ideal spot for rollerblading or testing out skateboarding before dropping into the skate park.

The final stop at the far end of the beach is the lighthouse, which is relatively small but built from grey stone and is definitely worth checking out for its unique look.

If you don’t mind walking slightly further, you’ll reach The Point – a narrow split of sand at the mouth of the Teign Estuary where the river meets the sea.

And if you are lucky enough as I have been on a few occasions, you might spot a seal or dolphin.

And many independent shops and a museum in the town centre Credit: Alamy

It is a great spot to explore and see the neighbouring village of Shaldon on the opposite side of the river, though just don’t enter the water here as the currents can be quite strong.

Shaldon is pretty to explore as well, with pastel coloured houses and a handful of cosy cafes and pubs.

If you want to explore Shaldon, you can hop on a short ferry ride across the estuary from The Point.

Back in Teignmouth town centre there is more to see, including Teignmouth Museum and a number of independent shops, cafes and pubs.

The lack of big brand, high street chains really makes it feel like a traditional, vintage seaside town.

The very best thing about Teignmouth? All of this is within a short walk of the town’s train station and whichever direction you travel to the station in, you will get fantastic views of red ancient desert sandstone cliffs, beautiful beaches, nature reserves and sprawling estuary.



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