Africa 

Sudan: World Bank provides $100 million in emergency support

In the first-ever direct contribution between the two UN agencies in the country, the Sudan Emergency Safety Nets Project aims to provide cash transfers and food for more than two million people across the impoverished and crisis-wracked nation, including for those internally displaced. “WFP is extremely grateful to the World Bank for this generous contribution, at a crucial time in… Read More
Africa Investments 

Zambia : African Development Fund approves $14.4 million loan to boost food security in regional breadbasket

The Board of Directors of the African Development Fund, the concessional window of the African Development Bank Group, has approved a $14.4 million loan to enhance food security in Zambia, a key supplier to countries in the region. The financing is anchored in the African Development Bank Group’s African Emergency Food Production Facility. In Zambia, it will provide certified seeds… Read More
Africa Investments 

USTDA and AIF Showcase Women as Investment Champions

The U.S. Trade and Development Agency (USTDA) and African Development Bank’s Africa Investment Forum (AIF) co-hosted a forum of 40 women leaders who are delivering high-quality solutions for Africa’s infrastructure needs. The forum took place during last week’s U.S.-Africa Business Summit, in Marrakech, Morocco. During the forum, USTDA and AIF showcased how their existing partnership advances women-led sustainable infrastructure in… Read More
Africa 

Protesters across Nigeria march over unresolved conflicts between university workers and govt

Nigeria Labour Congress (NLC) Tuesday, embarked on a two days nationwide demonstration in solidarity with the Academic Staff Union of Universities (ASUU) which have been on strike for the past five months due to pay disagreements with the government. On Wednesday, the protests took place in Abuja. “Today is mother of the protest rally to get our children back to… Read More
Africa 

Ethiopia: Lavrov meets govt leaders in Addis, attacks global reliance on US dollar

Russia’s Foreign Minister on Wednesday criticized the reliance of the global economy on the US dollar. Speaking during a visit to Ethiopia, Sergey Lavrov said the reliance on the American currency in supporting the world economy was “not so very promising” and claimed countries were shifting to using alternative currencies “more and more”. “This process will be gaining momentum,” Russia’s… Read More
Africa Ghana West Africa World 

Ghana: Security officers flee as terrorist activities in Burkina Faso spillover

– – Some security officers in Ghana have reportedly fled their border posts due to a spillover of terrorist activities from Burkina Faso. One of the border communities which has experienced a spillover of terrorists’ activities is Sapeliga in the Bawku West District of the Upper East Region. Local media reports that the situation has compelled unarmed security personnel to… Read More
Africa 

Cameroon’s independence war: Macron says France to open archives on colonial rule

President Emmanuel Macron on Tuesday said the archives on French colonial rule in Cameroon would be opened “in full” and asked historians to shed light on the period. Speaking in the Cameroonian capital Yaoundé, French leader Macron said he wanted historians from both countries to work together on investigating the past and establish “responsibilities“. French colonial authorities brutally repressed armed… Read More
Africa 

170 carats pink diamond discovered in Angola, largest in 300 years

A big pink diamond of 170 carats has been discovered in Angola and is claimed to be the largest such gemstone found in 300 years. Called the “Lulo Rose,” the diamond was found at the Lulo alluvial diamond mine, the mine’s owner, the Lucapa Diamond Company, announced Wednesday on its website. The Lulo mine has already produced the two largest… Read More
Africa Investments 

African Economic Outlook 2022: African Development Bank and IMF experts underscore the urgency of climate financing for Africa

African Development Bank and International Monetary Fund (IMF) experts have stressed the urgency of mobilizing climate financing for Africa during a panel discussion on the African Development Bank’s 2022 African Economic Outlook hosted by the IMF in Washington, DC on Monday. Participants at the meeting heard that African countries need to mobilize $1.6 trillion between 2022 and 2030 to meet their… Read More
Social media & sharing icons powered by UltimatelySocial