The African Development Bank (AfDB) and the European Investment Bank (EIB) signed a joint partnership action plan highlighting their strengthened cooperation and mutual development priorities and a strong shared emphasis on boosting public and private sector investment in Africa. The Joint Action Plan enables both institutions to grow a shared pipeline of bankable projects around key complementary themes to which each institution would bring their comparative advantage. These themes are: … [Read more...] about ADB and EIB sign Joint Partnership Action Plan to fast-track development in Africa
AfDB, EIB sign join partnership action plan to fast-track development in Africa
The African Development Bank (AfDB) and the European Investment Bank (EIB) signed a joint partnership action plan highlighting their strengthened cooperation and mutual development priorities and a strong shared emphasis on boosting public and private sector investment in Africa. The Joint Action Plan enables both institutions to grow a shared pipeline of bankable projects around key complementary themes to which each institution would bring their comparative advantage. These themes are: … [Read more...] about AfDB, EIB sign join partnership action plan to fast-track development in Africa
Kenya prepares for Regional Training Workshops on the protection of underwater Cultural Heritage
A Japan Funds-in-Trust to UNESCO project has provided diving equipment to the National Museums of Kenya’s Department of Coastal Archaeology in preparation for two regional capacity-building workshops on the protection of underwater cultural heritage to be held in the second half of 2021 for 18 participants from across the Africa region. The UNESCO project "Building Capacity and Raising Awareness for Underwater Cultural Heritage Research in Africa" aims to increase capacities of African … [Read more...] about Kenya prepares for Regional Training Workshops on the protection of underwater Cultural Heritage
Climate-fuelled La Niña in East Africa will drive millions into hunger: Oxfam International
Oxfam said that millions of inhabitants of Eastern African countries need urgent food assistance due to the erratic weather patterns triggered by climate change. The organization estimates that currently some 50 million people urgently require food support in the Horn, East, and Central Africa, with the number expected to grow significantly, as many countries have experienced droughts or far from average rainfall which affected harvests and disrupted food security. Among the most impacted … [Read more...] about Climate-fuelled La Niña in East Africa will drive millions into hunger: Oxfam International
New Partnership to bring high-quality Infrastructure in Sub-Saharan Africa
The U.S. Trade and Development Agency signed a Memorandum of Understanding with The Eastern and Southern African Trade and Development Bank to bring high-quality infrastructure solutions to sub-Saharan Africa. The MOU outlined areas of mutual cooperation in the agribusiness, energy, healthcare, information and communications technology, and transportation sectors. USTDA and TDB agreed to collaborate on project preparation facilities targeted at bankable feasibility studies with gap financing … [Read more...] about New Partnership to bring high-quality Infrastructure in Sub-Saharan Africa
Emergency Financial Contribution launched to address COVID-19 impacts on African Healthcare
The Malaria No More Health Finance Coalition has announced the launch of a $30 million emergency financial guarantee facility for private small- and medium-size enterprise (SME) health providers in five African countries. To be managed by Malaria No More, the Open Doors African Private Healthcare Initiative will work to address the economic impacts of COVID-19 on the private health sectors in Ghana, Kenya, Nigeria, Tanzania, and Uganda. To date, the initiative has received a $700,000 … [Read more...] about Emergency Financial Contribution launched to address COVID-19 impacts on African Healthcare
WBG and CES announce Global Tech Challenge Winners
The World Bank Group and CES have announced the winners of the Global Tech Challenge at CES®2021. The result of a partnership between the Consumer Technology Association (CTA) and the World Bank Group, the Global Tech Challenge was launched at CES 2020 to reward scalable and innovative technological solutions in three main areas: digital health in East Africa, resilience in India and gender equality around the world. Technology solutions that helped communities respond to the COVID-19 … [Read more...] about WBG and CES announce Global Tech Challenge Winners
Africa: World Bank to invest over $5 billion in drylands
The World Bank plans to invest over $5 billion over the next five years to help restore degraded landscapes, improve agriculture productivity, and promote livelihoods across 11 African countries on a swathe of land stretching from Senegal to Djibouti. World Bank Group President David Malpass announced the investment at the One Planet Summit, a high-level meeting co-hosted with France and the United Nations that is focused on addressing climate change and biodiversity loss. “This … [Read more...] about Africa: World Bank to invest over $5 billion in drylands
Migration dynamics in Africa: Continent on the move
The Africa Migration Report, recently published by IOM and the African Union Commission highlights that aside from volatile and insecure conditions, poverty, food, and environmental crises, the potential for economic growth, employment opportunities, and better standards of living has become by far the most motivating factor for the large number of people moving across Africa. Despite the usual narratives that paint an image of African migrants crossing oceans, over 80% of migrants in Africa … [Read more...] about Migration dynamics in Africa: Continent on the move
France and UK lead push for climate finance to restore nature
France and the UK are encouraging donor countries to channel more climate finance to protect and restore nature, starting with Africa’s Great Green Wall. Speaking at the One Planet Summit for biodiversity held in Paris on Monday, French president Emmanuel Macron, UK prime minister Boris Johnson promised to set aside a significant portion of climate finance for projects that help soils and plants soak up carbon, while creating habitats for wildlife. The one-day biodiversity summit co-hosted … [Read more...] about France and UK lead push for climate finance to restore nature
