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The World Bank and the African Development Bank have announced that Mission 300 has provided electricity access to more than 50 million people across 40 African countries since July 2023. The initiative aims to connect 300 million people to electricity by 2030 and is a major part of efforts to close Africa’s energy access gap…. [Read More]

Angola’s state oil company Sonangol has secured $2.65 billion in financing from a consortium of international banks to support its operations and investment plans. The funding comes at a critical time for Angola’s oil sector, which continues to face declining production and rising infrastructure investment needs. The financing was provided by four foreign banks, including… [Read More]

The Islamic Development Bank has approved nearly $755 million in financing to support Uganda’s standard gauge railway project linking Malaba to Kampala. The funding marks a major step forward for the long-delayed infrastructure project, which is expected to improve regional connectivity, reduce freight delays, and strengthen Uganda’s access to the Port of Mombasa. Uganda secured… [Read More]

The World Bank has approved $250 million in financing to support Morocco’s digital transformation agenda and accelerate the implementation of the Morocco Digital 2030 strategy. The program is expected to strengthen digital public services, improve infrastructure, promote cloud adoption, and help businesses access modern digital technologies. The financing will be delivered through the Morocco Digital… [Read More]

Lebanon’s Ministry of Agriculture and the United Nations Development Programme have launched a new project to produce and distribute 1.5 million vegetable seedlings to support vulnerable farmers and strengthen local food security. The initiative is being implemented under the “Together for Food Security” campaign with funding from the German Government through KfW Development Bank. It… [Read More]

Leaders of the G7 nations have called for a stronger and more coordinated international response to address the growing threat posed by the Ebola virus. Meeting in Kananaskis, Canada, the group emphasized the importance of collaboration among governments, international organizations, and health agencies to prevent the spread of the disease and protect global health security…. [Read More]

South Asia’s transition toward a greener economy presents both challenges and opportunities for one of the world’s largest labor forces. A new study suggests that many workers in the region will not need to completely change careers to participate in emerging green industries. Instead, a large share of the workforce can adapt existing skills through… [Read More]

Global food commodity markets entered 2026 with relatively stable conditions, supported by sufficient supplies of grains and edible oils. However, escalating tensions and conflict in the Middle East have introduced new uncertainties into food and agricultural input markets. While current forecasts project only a modest increase in global food prices during the year, several emerging… [Read More]

South Asia’s food economy is one of the largest in the world, generating more than $700 billion annually, employing hundreds of millions of people, and feeding nearly a quarter of the global population. Despite its scale, a significant portion of its economic potential remains unrealized due to high levels of food loss and limited value… [Read More]

At the inaugural African Development Impact Forum (ADIF) held in Addis Ababa, Executive Secretary of the United Nations Economic Commission for Africa (ECA), Claver Gatete, called for a shift in focus from creating startups to helping existing businesses scale. He emphasized that Africa has no shortage of entrepreneurial ideas or innovation but faces significant challenges… [Read More]

South Africa achieved a record agricultural trade surplus of $1.55 billion during the first quarter of 2026, marking a 16.1% increase compared to the same period in the previous year. According to agricultural union AgriSA, the strong performance was largely driven by a decline in import spending rather than a significant increase in export earnings…. [Read More]

The Government of Tanzania has announced a series of tax incentives in its 2026/2027 national budget aimed at accelerating the country’s transition toward cleaner energy sources. The measures focus on encouraging the adoption of electric vehicles (EVs), expanding the use of natural gas, and reducing dependence on imported petroleum products. The announcement was made by… [Read More]

Zimbabwe has introduced a new regulatory framework that requires cryptocurrency businesses to register annually with the Financial Intelligence Unit (FIU), marking a significant shift in the country’s approach to digital assets. The reform aims to bring greater oversight and transparency to a sector that has largely operated outside formal financial regulations. Under the new rules… [Read More]

The United States has reaffirmed its commitment to strengthening economic relations with Cameroon by emphasizing investment, trade, and private-sector partnerships over traditional aid. During a conference organized by the American Chamber of Commerce in Cameroon at the PROMOTE 2026 Enterprise Fair in Yaoundé, US Chargé d’Affaires John Robinson outlined Washington’s strategy of fostering sustainable economic… [Read More]

Mission 300 has surpassed a significant milestone by connecting more than 50 million people to electricity across 40 African countries. Announced by the World Bank Group and the African Development Bank Group on June 16, 2026, the achievement marks substantial progress toward the initiative’s ambitious goal of providing electricity access to 300 million people across… [Read More]

The International Federation of Red Cross and Red Crescent Societies (IFRC) and national Red Cross teams in the Democratic Republic of the Congo (DRC) and Uganda are intensifying efforts to contain a rapidly evolving Ebola outbreak affecting communities already facing insecurity, displacement and fragile healthcare systems. The outbreak has impacted several key areas in eastern… [Read More]

The European Investment Bank (EIB) Global has signed a €750,000 technical assistance agreement to support the development of a new vaccine manufacturing facility in Egypt, strengthening the country’s role as a regional healthcare and vaccine production hub. The agreement will help prepare a major expansion project for Egypt’s national vaccine producer, Vacsera, with the planned… [Read More]

The European Investment Bank (EIB) has finalised its €250 million financing package for the Kelmė wind farm in Lithuania, the largest operational onshore wind project in the Baltic region. The latest €150 million loan to Ignitis Group follows an initial €100 million financing agreement signed in 2025, bringing the EIB’s total contribution to nearly half… [Read More]

The World Bank Group has approved an innovative financing package designed to support Argentina’s economic reform programme and help the country regain access to international capital markets. The package combines guarantees from the World Bank and the Multilateral Investment Guarantee Agency (MIGA) to mobilise up to $2 billion in commercial financing. The initiative aims to… [Read More]

Myanmar’s economy showed tentative signs of stabilisation in late 2025 and early 2026, but a sharp increase in fuel prices has intensified economic pressures and weakened the country’s recovery outlook, according to the latest Myanmar Economic Monitor released by the World Bank. Economic activity improved modestly following partial recovery from the March 2025 earthquake, easing… [Read More]

Myanmar’s economy is showing early signs of stabilisation after a period of severe disruption, but rising fuel prices and ongoing challenges continue to weigh on recovery, according to the World Bank’s latest economic assessment. Economic activity improved slightly in late 2025 and early 2026 following some recovery from the March 2025 earthquake, improvements in power… [Read More]

The World Bank Group’s International Finance Corporation (IFC) has completed its second Emerging Markets Securitization Program (EMSP) transaction, helping mobilise private investment for business growth and job creation in developing economies. The $509 million collateralised loan obligation (CLO) transaction builds on the success of the programme’s first issuance and supports efforts to create a stronger… [Read More]

Humanitarian organisation CARE is inviting the Atlanta community to join a volunteer event to pack emergency supply kits for families recovering from disasters across the United States. The initiative aims to bring people together to provide essential support to communities affected by hurricanes, floods, wildfires and other crises. The community event will take place on… [Read More]