Africa Investments 

$2 million in prizes awarded at COP27 to African youth-led businesses

Twenty African youth-led enterprises have won grant funding of up to $100,000 each in this year’s African Youth Adaptation Solutions Challenge (YouthADAPT) competition. In addition to the grant, each winner benefits from a 12-month accelerator program to help them grow their businesses, deepen their impact and create decent jobs. The annual competition and awards program for youth-led enterprises—which is 50%… Read More
Africa 

Opinion: Unity of purpose, unity in deed called for in Africa

By Janet Karim I in them and You in Me, that they may be perfected completed into one, so that the world may know that You sent Me, and have loved them, just as You have loved Me.  — John.17.23 If there is one thing among all the other natural endowments that Africa has plenty of, it… Read More
Africa 

Africa targets sustainable tourism (Business Africa)

This episode of Business Africa: the World Travel Market was held from November 7 to 9 in London, to discuss the business advantage of responsible tourism; In the midst of population growth, Africa is facing the need for public transport; The African continent remains attractive for investors, that’s what to remember about the Africa Investment Forum that took place this… Read More
Africa 

Indigenous film bringing cross-border Amazon tribes together

In Colombia’s Amazon jungle, indigenous people of different nations, ethnicities and languages have come together to find a single voice in cinema to tell their own stories, rather than let outsiders do it. One recent week, in the community of San Martin de Amacayacu in southern Colombia the local Tikuna tribe was joined for the first time by the Matis… Read More
Africa 

World needs US ‘to be climate leader’, says Ugandan activist Vanessa Nakate

Ugandan climate activist Vanessa Nakate on Thursday urged US President Joe Biden to help those most affected by the ravages of global warming, a day before his arrival for UN climate talks in Egypt. Nakate, a Goodwill Ambassador for the United Nations’ children’s fund UNICEF, urged Biden to listen to climate science and those “on the frontlines of this crisis”.… Read More
Africa 

Tunisia: Opposition chief back in court for ‘money laundering’

The leader of the Islamist party Ennahdha, Rached Ghannouchi, appeared Thursday before a court in Sousse (east) as part of an investigation for “money laundering” and “incitement to violence”. Mr. Ghannouchi, who headed the frozen parliament in July 2021 and then dissolved by President Saied, had already been questioned last July as part of an investigation opened in this case… Read More
Africa Investments 

Egypt: African Development Bank extends $160 million loan to Banque Misr to strengthen private sector participation in Egypt’s economy

The Board of Directors of the African Development Bank has approved a loan of $160 million to Banque Misr to finance Egyptian businesses that invest in key sectors of the economy. The loan comprises a $130 million line of credit from the Bank and an additional $30 million in funds from the Africa Growing Together Fund (AGTF). The financing will… Read More
Africa 

“There’s an urgent need to stave off the growing hunger crisis in parts of East Africa.”- IRC head

International Rescue Committee (IRC) President and CEO David Miliband on Wednesday visited displaced communities that have been impacted by drought in a village in the Somali region of Ethiopia. During the visit, the former UK Foreign Secretary said there was an “urgent need to stave off the growing hunger crisis in this part of East Africa.” The severe drought in… Read More
Africa 

South Africa gov’t workers strike over wages

Thousands of public workers in South Africa downed tools on Thursday in a nationwide strike over wages after talks with the government hit a deadlock — threatening to affect essential services. The work stoppage was led by one of South Africa’s largest labour unions, the Public Servants Association (PSA), which has more than 235,000 members.- The wage stalemate between the… Read More
Africa 

Terrorism intensifying across Africa, exploiting instability and conflict 

“Terrorists and violent extremists including Da’esh, Al-Qaida and their affiliates have exploited instability and conflict to increase their activities and intensify attacks across the continent”, Amina Mohammed said on behalf of Secretary-General António Guterres.   “Their senseless, terror-fuelled violence has killed and wounded thousands and many more continue to suffer from the broader impact of terrorism on their lives and livelihoods”.  … Read More
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