Africa Business World 

Opinion: Can Africa’s startup sector keep up its record funding run amidst global turmoil?

– – Startups have become vital engines of change that can have an outsized impact on an economy. They are crucial in fueling innovation and enhancing economic and digital competitiveness. They improve access to products and solutions while significantly contributing to employment. In recent years, amid global economic volatility and uncertainty, Africa’s startup ecosystem has shown continued growth, attracting record… Read More
Africa Investments 

Africa Climate Change Fund launches Women and Youth Entrepreneurship Project

The Africa Climate Change Fund (ACCF) Secretariat has launched a scheme to support mechanisms for climate adaptation finance for women entrepreneurs and youth. The scheme, “YouthADAPT: Empowering Women and Youth for Entrepreneurship and Job Creation in Climate Adaptation and Resilience,” will develop innovative, transformative climate-resilient bankable projects aligned with African countries’ Nationally Determined Contributions. YouthADAPT is a flagship program under… Read More
Africa Investments 

Ethiopia: African Development Bank’s New 2023-2027 strategy to help spur economic transformation

On 17 November 2022, the African Development Bank Group Board of Directors approved the  2023-2027 Country Strategy Paper for Ethiopia. The key objective of the Strategy is to support Ethiopia in expanding inclusive and sustainable growth through agro-industrialization, improved connectivity and competitiveness and reduced vulnerability to shocks. The blueprint focuses on two priority areas: i. improving economic and financial governance… Read More
Africa Investments 

High-Level Meeting on the Theme of the African Year of Nutrition 2022

Who:      African Development Bank Group, African Leaders for Nutrition, the African Union Commission, and the Government of Côte d’Ivoire      When:    8th of December  2022 Where:   Abidjan, Côte d’Ivoire The African Development Bank Group’s African Leaders for Nutrition initiative, the African Union Commission, and the government of Côte d’Ivoire will co-organize a high-level meeting on the theme of the African Year… Read More
Africa Investments 

Crucial replenishment meeting for the African Development Fund as it marks 50 years of supporting the continent’s low-income countries

Members of the African Development Fund are meeting in Morocco for the fourth and final pledging session on the Fund’s sixteenth replenishment. The crucial meeting will culminate in a financing package for the Fund’s next cycle covering 2023-2025. The meeting will be attended by representatives from the Fund’s donor countries and the senior management of the African Development Bank Group,… Read More
Africa Investments 

World Circular Economy Forum 2022

What:      World Circular Economy Forum 2022 Who:       Sitra, African Circular Economy Network, African Circular Economy Alliance; and the government of  Rwanda        When:      5 December (pre-event media briefing);  6-8 December 2022 (Forum)      Where:     Kigali, Rwanda and online The 6th World Circular Economy Forum, WCEF2022, will take place from 6 to 8 December in Kigali, Rwanda. Under the… Read More
Africa Investments 

Diaspora’s remittances, investment and expertise vital for Africa’s future growth, say participants at African Development Bank Forum

Hundreds of academics and leaders of international institutions from around the world came together for an African Development Bank Forum on ways to harness the skills, wealth and dynamism of Africa’s 160-million-strong diaspora to its growth and development. The hybrid event took place against the difficult geopolitical backdrop of high global economic imbalances slowing direct investment into the continent as… Read More
Africa Investments 

Uganda: African Development Bank Group commits $301 million to renovate the country’s meter gauge railway and bolster regional trade

The African Development Bank Group is providing  $301 million to overhaul  the Kampala-Malaba Meter Gauge Railway (MGR) in Uganda. The railway line is part of the East African Community’s Northern Corridor linking the capital, Kampala, to Kenya’s coastal city of Mombasa. The East African Community Railway Rehabilitation Support Project will bolster rail services and lower transportation costs in a region… Read More
Development Health Advice 

Many persons with disabilities face premature death due to health inequities

“Many persons with disabilities die earlier, some up to 20 years earlier, and more are at risk – double the risk – of developing a range of health conditions compared to the general population,” said Darryl Barrett, WHO’s Technical Lead for Sensory Functions, Disability and Rehabilitation, briefing reporters in Geneva. The Global report on health equity, published just ahead of the International Day… Read More
Africa Investments 

COP27: Climate Investment Funds announces nine countries to participate in the first Nature, People and Climate platform

The Climate Investment Funds (CIF) will extend $350 million in financing and other support for nature-based solutions in nine countries under its Nature, People and Climate Investment platform. The beneficiary countries are: the Dominican Republic, Egypt, Fiji, Kenya, and the Zambezi River Basin Region, comprising Zambia, Malawi, Mozambique, Namibia and Tanzania. They were announced during the global climate summit (COP27)… Read More
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