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World Bank Approves Funding to Boost Railway Infrastructure in Kazakhstan

Dated: February 23, 2026

The World Bank has approved an $846 million guarantee from the International Bank for Reconstruction and Development (IBRD) to mobilize $1.41 billion in long-term commercial financing for a major rail connectivity project in Kazakhstan. The investment will support development along the country’s section of the Trans-Caspian International Transport Route, also known as the Middle Corridor,… [Read More]

World Bank Group Partners with Papua New Guinea to Boost Job Creation

Dated: February 23, 2026

A new six-year partnership between the World Bank Group and Papua New Guinea aims to support reforms and investments that will generate employment, improve public services, and strengthen long-term resilience. Approved by the World Bank Group’s Board of Executive Directors on 17 February 2026, the new Country Partnership Framework (CPF) will guide support through 2031,… [Read More]

World Food Programme Alerts to Severe Funding Gap Threatening Food Aid in Somalia

Dated: February 23, 2026

The World Food Programme has warned that its life-saving emergency food and nutrition operations in Somalia are at imminent risk of shutting down without immediate new funding. Resources are expected to run out within weeks, threatening to halt assistance to millions of vulnerable people. The alert comes shortly after the declaration of a national drought… [Read More]

AfDB Approves $58M Investment to Boost Clean Energy and Rural Growth in Eritrea

Dated: February 23, 2026

The African Development Bank Group has approved $58.04 million in financing to expand access to reliable and clean electricity across three towns in Eritrea’s southwest Gash Barka region. Approved on 18 February, the funding will support the Eritrea Energy Integrated Project targeting Tesseney, Kerkebet, and Berantu, with the aim of strengthening local energy infrastructure and… [Read More]

$8.5 Million REWARD Programme Launched to Boost Rice Value Chains Across West Africa

Dated: February 23, 2026

The African Development Bank Group, in partnership with the Africa Rice Centre and the Economic Community of West African States, has launched the Strengthening Adaptation to Climate Change of Rice Value Chains in West Africa (REWARD-AfricaRice) programme. The $8.5 million initiative, funded by the African Development Bank, is a multinational technical support project aimed at… [Read More]

$16.6M AfDB Grant to IITA to Expand Agricultural Technologies in Africa

Dated: February 23, 2026

The African Development Bank Group and the International Institute of Tropical Agriculture have signed a $16.61 million grant agreement to launch the third phase of the Technologies for African Agricultural Transformation Program (TAAT-III). Signed on 18 February 2026 in Abuja, the agreement aims to scale climate-resilient food production across Africa by promoting proven agricultural technologies,… [Read More]

DBA Closes $68 Million Fund II to Drive Blockchain Innovation

Dated: February 20, 2026

New York-based crypto investment firm DBA has closed its second venture capital fund at $68 million, following the successful launch of a $50 million Fund I in 2023. The firm focuses on blockchain infrastructure, decentralized finance (DeFi), and early-stage application projects, combining investments across private and public markets with a 10-year fund structure designed for… [Read More]

NBA Foundation Awards $100K Grants to Support Minnesota Youth

Dated: February 20, 2026

The NBA Foundation has awarded grants to three Minnesota-based organizations—Big Brothers Big Sisters of America, the Saint Paul Parks & Recreation Conservancy’s Right Track Program, and V3 Sports—to support programs that advance economic opportunities for under-resourced youth. These grants are part of a broader round of funding in which 91 nonprofit organizations nationwide received support…. [Read More]

JRC Launches ERM®-BD300 to Enhance Cereulide Detection in Food Safety Labs

Dated: February 20, 2026

The European Commission’s Joint Research Centre (JRC) has unveiled ERM®-BD300, a rice-based certified reference material designed to improve the accuracy of laboratory testing for cereulide, a toxin produced by Bacillus cereus. Cereulide is heat-resistant and can cause food poisoning, with symptoms ranging from nausea and vomiting to, in rare cases, liver failure and death. Outbreaks… [Read More]

Georgia’s Universal Health Care: Access, Equity, and Patient Rights

Dated: February 20, 2026

A recent baseline study evaluates Georgia’s Universal Health Care Program, launched in 2013, through the lens of the right to health, with particular attention to persons with disabilities. While the program has achieved notable progress, including expanded coverage and reduced out-of-pocket costs, significant challenges remain regarding equitable access, quality of care, system sustainability, and transparency… [Read More]

$30M Project to Produce 10M Insecticide Nets Annually in Ogun

Dated: February 20, 2026

The Nigeria Export Processing Zones Authority (NEPZA) has granted operational licences to promoters of a new medical-focused free trade zone designed to reduce Nigeria’s dependence on imported healthcare products. The initiative, promoted by Harvestfield Industries, is aimed at strengthening local manufacturing capacity and expanding export opportunities in the health sector. During the licence presentation in… [Read More]

BNDES Backs R$148.5M Biomethane Plant in Paraná to Boost Renewable Energy

Dated: February 20, 2026

The Brazilian Development Bank (BNDES) has approved R$148.5 million in financing for Bioo Paraná Holding SA to build a biomethane plant in Toledo, western Paraná. The total investment for the project is R$196 million, with R$101.5 million coming from the Climate Fund and R$47.1 million from the Finem credit line, which supports larger-scale projects. The… [Read More]

African Startups Face $1.64B Tech Debt in 2025

Dated: February 20, 2026

In 2025, African tech startups raised a record $1.64 billion through debt financing, marking a 63% increase from $1.01 billion in 2024. The number of debt deals also rose sharply to 108, up 40% from the previous year. Debt now constitutes 41% of total capital deployed in African tech, up from 17% in 2019, highlighting… [Read More]

Africa’s Startup Ecosystem Hits $4.1B in 2025: Equity Stabilizes, Debt Drives Growth

Dated: February 20, 2026

After two years of decline, African tech funding bounced back in 2025, reaching $4.1 billion—a 25% increase from $3.25 billion in 2024, according to Partech Africa’s annual VC report. However, the growth is driven primarily by debt financing rather than a broad surge in equity. Debt financing reached a record $1.64 billion, accounting for 41%… [Read More]

IMF Approves $91 Million for Niger to Boost Climate Resilience and Development

Dated: February 20, 2026

The International Monetary Fund has approved approximately $91 million in funding for Niger, providing support for climate resilience, sustainable development, and economic stabilization. The approval follows the latest review of Niger’s programmes and underscores international confidence in the country’s economic prospects, with growth expected to remain robust at 6.7 percent in 2026. This financial support… [Read More]

Burkina Faso Secures $33 Million IMF Funding Amid Gold Mining Boom

Dated: February 20, 2026

Burkina Faso has received a $33.2 million disbursement from the International Monetary Fund following the fourth review of its Extended Credit Facility programme, signaling continued confidence in the country’s economic resilience despite ongoing security and humanitarian challenges. The IMF also approved a new $124.3 million Resilience and Sustainability Facility, set to run through September 2027,… [Read More]

UN Women Supports Women and Youth with Climate-Smart Agriculture in CAR

Dated: February 20, 2026

In the Central African Republic, prolonged conflict and climate-related shocks have disrupted livelihoods, particularly in the prefectures of Haut-Mbomou and Mbomou. Communities in Obo, Zémio, and Rafaï face erratic rainfall, flooding, and displacement, which have severely impacted farming cycles and food security. Women and youth are among the most affected, facing limited access to resources,… [Read More]

AfDB and AIIB Mobilize $300 Million to Expand Rwanda’s Clean Energy Access

Dated: February 20, 2026

The African Development Bank (AfDB) and the Asian Infrastructure Investment Bank (AIIB) have announced a $300 million initiative to expand clean energy access across Rwanda. The program is designed to deliver 200,000 new electricity grid connections and 50,000 home solar systems for low-income households. It will also provide 100,000 clean cooking solutions and install around… [Read More]

£36.7 Million Boost Powers UK Energy Network Innovation for Net Zero

Dated: February 20, 2026

The UK government has allocated £36.7 million to accelerate the net zero transition through the Strategic Innovation Fund (SIF), supporting 25 projects aimed at modernising energy networks, reducing costs, and delivering long-term benefits for consumers. The funding, administered by Ofgem in partnership with Innovate UK, includes £31.6 million for five advanced “beta” demonstrator projects, £3.3… [Read More]

UNEP Highlights Mar Menor Restoration as Global Model for Wetland Protection

Dated: February 20, 2026

The Mar Menor, Europe’s largest saline coastal Mediterranean lagoon in Spain’s Region of Murcia, is a natural treasure renowned for its biodiversity and cultural significance. Over the years, it faced near-collapse due to industrial and agricultural pollution, landscape changes, wastewater discharge, and invasive species. Excess nitrogen from agricultural runoff caused algal blooms, oxygen depletion, fish… [Read More]

UNDP and Partners Equip SMEs for Intra-African Trade Opportunities

Dated: February 20, 2026

Selected Ghanaian small and medium-sized enterprises (SMEs), especially those led by youth and women, received targeted training to strengthen their capacity to participate in intra-African trade under the African Continental Free Trade Area (AfCFTA). The three-day programme was organised by the United Nations Development Programme (UNDP) in Ghana, the Embassy of Japan, and Ghana’s AfCFTA… [Read More]

New York State Expands Temporary Municipal Assistance by $100 Million

Dated: February 20, 2026

Governor Kathy Hochul announced an additional $150 million in financial assistance for municipalities outside New York City to alleviate immediate fiscal pressures. This includes a $100 million increase in Temporary Municipal Assistance, tripling the amount of aid available to cities, towns, and villages. The funding is distributed proportionally according to existing Aid and Incentives for… [Read More]

$150 Million Public-Private Fund Targets Workforce Housing in Central New York

Dated: February 20, 2026

Governor Kathy Hochul announced the launch of the Housing Central New York Fund, a $150 million public-private financing initiative designed to accelerate housing production and maintain affordability in Central New York. The fund aims to support the development of at least 2,500 new workforce housing units during its initial seven-year term, preparing the region for… [Read More]

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