Africa
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COMESA, WBG to launch US$ 50mln project to promote energy access
LUSAKA, February 29, 2024 – The Common Market for Eastern and Southern Africa [COMESA] and the World Bank are set to implement a US$ 50 million regional platform to support COMESA Member…
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AfDB approves US$ 150mln for Trade & Development Bank
ABIDJAN, February 29, 2024 – The Board of Directors of the African Development Bank [AfDB] has approved a US$ 150 million Trade Finance Unfunded Risk Participation Agreement [RPA] facility between the AfDB,…
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AU names coffee a strategic commodity
ADDIS ABABA, February 23, 2024 – The 37th Ordinary Session of the Assembly of the African Union [AU] recently approved the naming of coffee as a strategic commodity during its second 10-year …
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Unlocking Africa’s AI potential
CAPE TOWN, February 22, 2024 – In 2024, Africa stands at the precipice of an Artificial Intelligence [ AI ] revolution. With a projected market size of US$ 18.33 billion by 2030,…
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Africa dominates list of world’s 20 fastest-growing economies in 2024-report
KAMPALA, February 19, 2024 – Africa will account for eleven of the world’s 20 fastest-growing economies in 2024, the African Development Bank Group said in its latest Macroeconomic Performance and Outlook [MEO]…
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Malnutrition affecting over 80mln children in Africa, experts warn
ADDIS ABABA, February 19, 2024 – Africa’s children are paying a huge price for malnutrition, a high-level round table convened by the African Union and African Leaders for Nutrition Champion heard Friday…
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IFAD Member States approve ambitious US$ 2bln plan to reduce hunger and poverty for 100mln rural people
ROME, 6February 16, 2024 – As climate change, biodiversity loss, economic uncertainties and growing instability take a strong toll on rural communities and small-scale farmers in many parts of the world, particularly…
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‘One Resilient Common Future’ revealed as the theme for Commonwealth Day 2024
LONDON, February 16, 2024 – In a press release, the Commonwealth Secretary-General, Patricia Scotland KC, has announced the theme for Commonwealth Day 2024 as ‘One Resilient Common Future’. Commonwealth Day will be observed on Monday, 11…
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Agricultural development: USADF, Govt of Malawi renew US$ 7.5mln partnership
LILONGWE, February 14, 2024 – The U.S. African Development Foundation [USADF] and the Government of Malawi recently renewed a US$ 7.5 million strategic partnership to support the development of Malawian smallholder agricultural producers, cooperatives,…
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Global coffee exports rose 12.6 percent in December 2023
KAMPALA, February 8, 2024 – According to the latest report released by the International Coffee Organisation [ICO], global green bean exports in December 2023 hit 10.87 million bags, as compared with 9.66mln…
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