Africa
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TUI, ACISA sign MoU for development of cooperative movement in Africa
KAMPALA-The Uhuru Institute for Social Development [TUI] and The Africa Cooperatives Institute of South Africa [ ACISA ] have signed a Memorandum of Understanding [MoU] for the development of the cooperative movement…
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ADF approves US$13.95mln grant to improve livelihoods of Ethiopian pastoralists
ADDIS ABABA– The Board of Directors of the African Development Fund [ADF] has approved a US$13.95 million grant to implement the first phase of a livelihood improvement project for Ethiopian pastoralist communities…
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Ministers to promote initiatives on food security and environmental management
LUSAKA-Ministers responsible for agriculture, natural resources, and environment from COMESA Member States have undertaken to support the development and implementation of the COMESA digital Regional Food Balance Sheet [RFBS] initiative. This undertaking…
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ADF invests over US$ 6mln to strengthen public finance governance in African countries
KAMPALA-The Board of Directors of the African Development Fund [ ADF ] have approved a grant of US$ 6.12 million to help strengthen public finance governance in low-income African countries. The funding…
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Over 30 African countries have industrialised in last decade-new AfDB report
NIAMEY-Thirty-seven of 52 African countries have become more industrialised over the past 11 years, according to a new report from the African Development Bank [AfDB], the African Union [AU], and the United…
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COMESA gets over US$ 6mln grant to boost pharmaceutical sector
ABIDJANI-The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group, this month approved a US$ 6.63 million grant to the Common Market for…
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Malawi: IMF approves US$ 88.3mln in emergency financing support
BLANTYRE-The Executive Board of the International Monetary Fund [IMF] has approved a disbursement of US$88.327 million [SDR 69.40 million] under the Food Shock Window of the Rapid Credit Facility to help Malawi…
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Meet Labaran, the new ICA-Africa Youth President
ABUJA-Abubakar Sadiq Labaran became the second Presidnet of International Cooperative Alliance-Africa [ICA-Africa] Youth Network. Labaran was elected president in a recent by-election that took place during the Members’ Forum in Cairo, Egypt.…
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WBG approves US$ 497mln to fund lowering of greenhouse gas emissions in South Africa
WASHINGTON-The World Bank Group [WBG] days ago approved a request by South Africa a $497 million project to decommission and repurpose the Komati coal-fired power plant using renewables and batteries. The project…
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Partners to unlock the entrepreneurial capacity of women-led enterprises in Africa
NAIROBI-Africa Enterprise Challenge Fund [AECF] and the Africa Development Bank Group’s Affirmative Finance Action for Women in Africa [AFAWA] initiative have partnered to scale and realise the entrepreneurial capacity, feasibility and sustainability…
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