Africa 

Ethiopia: Tigray rebels to attend peace talks in South Africa

The rebel authorities in Ethiopia’s Tigray region have confirmed their participation in talks scheduled for Monday in South Africa, under the aegis of the African Union (AU), aimed at ending the two-year conflict in the north of the country. “It is the first time that the Ethiopian federal government has taken the lead in the negotiations,” said Kindeya Gebrehiwot, a… Read More
Africa Investments 

African Development Bank, United Kingdom and London Market Insurers enter new risk transfer partnership for climate action

The African Development Bank, the government of the United Kingdom and three globally recognized insurance companies have closed on a new and innovative risk sharing transaction known as the Room to Run Sovereign.   The Room to Run Sovereign transaction was structured with the intention of scaling up the African Development Bank Group’s commitments to climate finance by up to… Read More
Africa Investments 

Comoros: African Development Bank provides nearly €6 million to boost food production

The Board of Directors of the African Development Bank Group has approved a €5.76 million grant to the Comoros to increase food production and enhance the resilience of its food system.  The move comes as the country has experienced rising food prices due to the war in Ukraine. The grant funds will come from the African Development Bank’s Transition Support… Read More
Africa 

Sudanese rally ahead of military coup’s one year anniversary

Sudanese protesters rally in the streets of the capital Khartoum ahead of the one year anniversary of a military coup that derailed Sudan’s transition, as the country remains mired in deepening political and economic turmoil. On Friday, pro-democracy Sudanese group commemorated the 58th anniversary of the first “revolution” that toppled military power in Sudan, a country whose history is marked… Read More
Africa 

Burkina Faso, Ibrahim Traoré takes oath to lead transitional government

Ibrahim Traore, the young army captain who led the latest coup in Burkina Faso, became interim president on Friday, vowing to win back territory from jihadists. Traore pledged support for a transition leading to elections in July 2024 as he took the oath of office in the capital Ouagadougou under tight security. Traore, 34, led disgruntled junior officers last month… Read More
Africa 

UN rights chief deplores deadly use of force against protestors in Chad

Human Rights High Commissioner Volker Türk has deplored the deadly use of force against demonstrators, including killings by live ammunition, the Office said in a statement.  Thousands took to the streets in the capital, N’Djamena, and other cities on Thursday, to protest the 24-month extension of the transition to civilian rule.  ‘Lethal repression’  Some 50 people were killed, including a… Read More
Africa 

Millions at risk in flood-hit Nigeria; relief chief highlights hunger in Burkina Faso

Infrastructure and farmland have also been damaged, said the statement issued on behalf of Secretary-General António Guterres, worsening the cost of living across the country.   He extended his deepest condolences to the Government of Nigeria and to the affected families, reiterating the UN’s continuing “commitment to supporting the Government of Nigeria in this challenging time.” © UNICEF/Esiebo/Abraham Achirga More than 1.5 million… Read More
Africa Investments 

Finance in Common: Let’s exploit the impetus around climate change to scale up agriculture – panelists

Development lenders in Africa can seize the current global crises as an impetus to help the continent significantly increase food production. This was a common conclusion of panelists at this year’s Finance in Common summit in Abidjan on Wednesday. Participants agreed that development partners should work with governments and other policymakers to bolster the resilience of private businesses, especially those… Read More
Africa Investments 

Finance in Common summit closes as COP 27 beckons, development bank heads call for action to close development finance gap in Africa

In advance of the 2022 United Nations Climate Change Conference (COP27) next month, public development banks meeting in Abidjan agreed on action points to tackle Africa’s climate finance gap. The third Finance in Common summit ended on Thursday amid calls on the delegates to turn their commitments to do more in development financing for Africa into actions. The African Development… Read More
Africa 

Tunisia: More than 800 migrants intercepted in one night

More than 800 migrants, including dozens of Tunisians, were intercepted on Wednesday night as they tried to reach Europe via the Italian coastline from the Tunisian coast, the Tunisian national guard said on Friday. “A total of 813 migrants, including 473 from sub-Saharan Africa, were intercepted off the Tunisian coast “during 37 different operations” in the north, centre and south,… Read More
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