World Bank Group Opens New Office in Suva, Fiji

The World Bank Group has opened its new office in Suva, Fiji, which will serve as a regional hub for the development institution’s work across the region. The new regional hub will be integral to the World Bank Group’s delivery of more than one billion Fiji dollars’ worth of projects across six countries (Fiji, Nauru, Kiribati, Samoa, Tonga and Tuvalu) in a wide range of sectors including transport, aviation, information and communications technology, education, disaster resilience, … [Read more...]

Tony Elumelu emphasizes on PPP for Economic Development of Africa

During the Africa Now conference, Founder of the Tony Elumelu Foundation (TEF) Tony Elumelu has emphasized the need for public-private sector partnership (PPP) to drive sustainable development and to prioritize the future of the African continent. Elumelu said, "The leaders we need in Africa today, are leaders who genuinely care about humanity. We need leaders who are driven by an ambition to leave society better than they met it. We need leaders who understand and care about creating a … [Read more...]

ExxonMobil Grants to assist Women Entrepreneurs and Empower them Economically

ExxonMobil has announced that it will provide about $5 million in grants to support local and global organizations dedicated to empowering women economically. The announcement, made in association with International Women’s Day and the company’s Women’s Economic Opportunity Initiative, underscores ExxonMobil’s support for efforts to advance women economically, encourage and assist women entrepreneurs, increase financial literacy and improve women farmers’ productivity. In addition to … [Read more...]

Recognizing Women’s Contribution to Advance Equal Opportunities for Women and Girls

To mark International Women’s Day, a group of prominent women joined the three Rome-based United Nations agencies recognizing women’s contributions to building smart solutions for those who are excluded from decision making and influencing development in all sectors. A vibrant discussion saw Hilal Elver, UN Special Rapporteur on the Right to Food; Giulia Blasi, Italian author and journalist; Minna Salami, Finnish-Nigerian author, blogger and social critic; and Sarah Jane Morris, British … [Read more...]

World Bank and Government of India collaborate to boost Rural Incomes Across 13 States in India

A $250 million agreement has been signed by the World Bank and the Government of India for the National Rural Economic Transformation Project (NRETP) which will help women in rural households shift to a new generation of economic initiatives by developing viable enterprises for farm and non-farm products. A key focus of the project will be to promote women-owned and women-led farm and non-farm enterprises across value chains; enable them to build businesses that help them access finance, … [Read more...]

New Funding Agreements of EUR 4.5 Million for Projects in Mozambique and Tunisia

The Italian Ministry of Foreign Affairs and International Cooperation signed two new funding agreements of EUR 4.5 million for projects in Mozambique and Tunisia with the Director General of the United Nations Industrial Development Organization (UNIDO), LI Yong. Director General Marrapodi also announced the funding of EUR 1.3 million for the second phase of a project to be implemented in the MENA region. Two projects, in Mozambique and the MENA region, will promote value chain development … [Read more...]

New Approach towards tackling World’s Challenges across 12 Global Research Hubs

UK Research and Innovation (UKRI) through a £200M investment is stepping up new approach to tackle some of the world’s most pressing challenges across 12 global research Hubs. Over the next five years the Interdisciplinary Research Hubs (PDF, 2.4MB) will work across 85 countries with governments, international agencies, partners and NGOs on the ground in developing countries and around the globe, to develop creative and sustainable solutions which help make the world, and the UK, safer, … [Read more...]

European Union provides Funding to support Reforms, Vocational Training and Economic Development in Côte d’Ivoire

The European Union is providing an extra €35 million in support for reforms, vocational training and economic development policies in Côte d'Ivoire. Commissioner Mimica said, "The extra €35 million reflects the good results achieved by Côte d'Ivoire in implementing its Development Programme. We want to back the continuation of key reforms in the country, especially in the sectors of public finance management, improving the business environment and trade. This support is what the Africa–Europe … [Read more...]

EU4Business Project to launch CFPs to support Economic Growth and Employment in BiH

The European Union’s EU4Business project is launching Calls for Proposals aiming to support development of competitiveness and innovation in the export-oriented sectors, tourism, agriculture and entrepreneurship in BiH. Overall, € 10 million of grant funds will be available for micro, small and medium-sized enterprises to create jobs and drive economic growth. Direct beneficiaries are companies, farmers and entrepreneurs with special focus on youth, women and vulnerable groups. Several … [Read more...]

Gates Foundation urges to invest in Health for Global Security and Growth

Bill and Melinda has urged donors to invest in health for global security and growth. Donating billions of dollars to global funds that fight poverty and disease is one of the best investments governments can make to boost security and economic growth. Ending epidemics of infectious diseases such as malaria, polio, HIV and malaria is proving tough, they said, but dramatic progress made by global aid mechanisms recent decades means the world's people are now healthier and more … [Read more...]