Africa Business East Africa World 

FAO warns of new locust invasion threat in East Africa

– – New swarms of locusts in southern Ethiopia and northern Kenya are spreading further in the eastern Africa region, the UN’s Food and Agriculture Organization (FAO) has warned. In its latest update posted on Monday, FAO said the immature swarms have been migrating from the previous locust breeding grounds in eastern Ethiopia and central Somalia and spreading into Ethiopia’s… Read More
Africa Investments 

After success in Morocco, the African Development Bank develops another giant solar power plant in the Sahel

The African Development Bank, the leading financial partner of the Noor Ouarzazate complex, the world’s largest solar power station extending over 3,000 hectares of desert in Morocco, is rolling out a second giant electricity-generation project, this time in the Sahel. The Desert-to-Power (D2P) project, when complete, will turn the Sahel into one of the largest solar-power-generating areas in the world.… Read More
Development Health Advice 

UNICEF chief: Closing schools should be ‘measure of last resort’ 

“Despite overwhelming evidence of the impact of school closures on children, and despite increasing evidence that schools are not drivers of the pandemic, too many countries have opted to keep schools closed, some for nearly a year”, Henrietta Fore said in a statement.  A high cost  “As we enter the second year of the COVID-19 pandemic, and as cases continue… Read More
Africa Business Southern Africa World 

State of Online Forex Trading Industry in Africa: Report

– – Foreign exchange market is a popular financial market where global currencies are traded & it is the largest market in terms of volume even larger than world’s biggest stock exchanges combined. In the recent years, retail currency trading where small investors can take part in the forex market for speculation is gaining popularity globally. African traders have shown… Read More
Africa Investments 

Guterres calls for $100 billion in climate finance to support developing nations

African Development Bank President Akinwumi Adesina on Monday joined world leaders to discuss the global transition to clean power as part of a green recovery and identify actions that can be taken to support this. The virtual COP26 Roundtable on Clean Power Transition, under the theme “Achieving a rapid shift to green, affordable and resilient power systems” was held amid… Read More
Africa Ghana Security West Africa World 

U.S. lauds Ghana’s regional democratic and security leadership

– – U.S. Special Envoy for the Sahel Region Ambassador J. Peter Pham traveled to Accra, Ghana from January 6 – 8, 2021 to lead the U.S. Presidential Delegation to the inauguration of President Nana Addo Dankwa Akufo-Addo on January 7. The delegation also included U.S. Ambassador to Ghana Stephanie S. Sullivan. U.S. Special Envoy for the Sahel Region Ambassador… Read More
Development Health Advice 

Get COVID-19 vaccinations for ‘high-risk’ populations underway within 100 days worldwide, Tedros urges

Tedros Adhanom Ghebreyesus, Director-General of the World Health Organization (WHO) was briefing journalists in Geneva, a year on from the first ever recorded COVID-19 death. Today, there are more than 1.93 million dead, and nearly 90 million confirmed cases. Limiting #COVID19 transmission limits the chance of dangerous new variants from developing. We need to:-Keep physical distance as much as possible-Keep… Read More
Africa Investments 

African Development Bank President Adesina named a champion of Africa’s Great Green Wall climate-adaptation initiative

African Development Bank President Akinwumi A. Adesina has been announced as a champion of Africa’s Great Green Wall (GGW) initiative. The appointment was made at a forum held in the margins of the One Planet Summit 20201 to mobilise support for the ambitious project to plant an 8,000 km swathe of trees and other vegetation across the Sahara and Sahel… Read More
Africa Investments 

Sahel region: the African Development Bank pledges to mobilise $6.5 Billion in support of the Great Green Wall Initiative

The Sahel region’s Great Green Wall Initiative received a major boost from the African Development Bank on Monday. During a forum hosted by French President Emmanuel Macron and His Royal Highness the Prince of Wales, the Bank pledged to assist in mobilising up to $6.5 billion over five years, to advance the landmark initiative. The resources will be made available… Read More
Africa Investments 

African Development Bank Group President to join global leaders at One Planet Summit to promote climate action in Africa

What:  The 2021 One Planet Summit in Paris, France: Side event “Great Green Wall Investment Forum” Who: African Development Bank President Akinwumi Adesina, heads of state and heads of international organizations When: Monday, 11 January 2021, 10:30 GMT to 12:30 GMT Where: Virtual (via Zoom) African Development Bank Group President Akinwumi Adesina will join heads of state from around the… Read More
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