Africa Business North Africa World 

Morocco issues Africa’s first corporate clean mobility green bond worth $95m

– – Africa’s first corporate clean mobility bond has been launched by Morocco’s national railway operator (ONCF). FSD Africa provided technical assistance for the green certification process of this bond. With this issuance, ONCF is targeting to raise approximately 1 billion dirhams ($95m) to support the Al Boraq project, which has led to considerable gains for the community in terms… Read More
Africa World 

Climate action project backed by blockchain technology launches

– – Open Forest Protocol (OFP) – an open platform to transparently measure, verify and fund forestation projects with blockchain technology – has gone live and is ready to accelerate climate action by onboarding projects on the carbon neutral NEAR Protocol. The announcement signifies the beginning of one of the first open and free, Measurement, Reporting and Verification (MRV) services accessible to forestation projects… Read More
Africa Ghana Ivory Coast West Africa World 

Ghana and Ivory Coast want more premium for their cocoa beans

– – The world’s biggest cocoa producers, Ghana and Ivory Coast are demanding more premium from chocolate makers. They also want traders to pay more for their beans. The two countries say this demand for more premium is part of efforts to tackle farmer poverty. In a statement, Ivory Coast’s Coffee and Cocoa Council (CCC) said it has its premium… Read More
Africa Investments 

Atlantic Council panel on 2022 African Economic Outlook pushes for ‘Africa agenda’ at COP 27

Africa deserves the highest priority attention at the United Nations climate conference, COP 27 to be held in November this year,  panel members discussing the African Development Bank’s African Economic Outlook 2022 in an event hosted by the Atlantic Council, said on Wednesday. A team from the  African Development Bank Group, led by Acting Chief Economist and Vice President Kevin… Read More
Africa 

Wildfires in northern Morocco, a villager prosecuted

A villager was charged for involuntary fire in the northern Moroccan province of Larache, the region most affected by violent forest fires, a judicial source said “A resident of a village in Larache has been referred to the royal prosecutor and charged with involuntary fire,” she told AFP. “He will be tried in custody,” she added, stressing that the investigation… Read More
Africa 

Beyonce releases highly anticipated album “Renaissance”

Beyonce released her highly anticipated album “Renaissance” Friday, July 29, 2022, sending the music world into joyful chaos. It’s her first release since the critically acclaimed “Lemonade.” “Six years ago Beyoncé released ‘Lemonade,’ which was a very raw, emotional album. And, you know, it was kind of fueled by betrayal and processing hurt. And, you know, obviously, it’s been a… Read More
Africa Investments 

U.S. National Bar Association honors Akinwumi Adesina with distinguished Ronald Harmon Brown Award of International Distinction

African Development Bank Group President Dr. Akinwumi Adesina, was honored with the distinguished Ronald Harmon Brown Award of International Distinction, by the National Bar Association, in the United States. The award is named in honor of Ron Brown, the first African American to Chair a major U.S. political party, and the first African American to be appointed Commerce Secretary. Other award… Read More
Africa Investments 

Malawi : African Development Fund approves $20.2 million grant to raise food production

The African Development Fund, the concessional window of the African Development Bank Group, has approved a $20.2 million grant to raise food production in Malawi. Part of the African Development Bank Group’s African Emergency Food Production Facility, the project is premised on the existing seed and fertilizer distribution systems in Malawi. It will provide half a million farm households with… Read More
Africa 

South Africa’s ANC at its ‘weakest’, says Ramaphosa

South Africa’s President Cyril Ramaphosa said Friday that his ruling African National Congress party was at its “weakest”, after a historic loss in municipal polls last year. The party leader spoke as the continent’s most advanced economy faces a raft of socio-economic crises. Critics charge that the government lacks a national plan to tackle poverty, inequality and 34.5-percent unemployment worsened… Read More
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