Africa
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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 $497 million project to decommission and repurpose the Komati coal-fired power plant using renewables and batteries. The project…
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Partners to unlock the entrepreneurial capacity of women-led enterprises in Africa
NAIROBI-Africa Enterprise Challenge Fund [AECF] and the Africa Development Bank Group’s Affirmative Finance Action for Women in Africa [AFAWA] initiative have partnered to scale and realise the entrepreneurial capacity, feasibility and sustainability…
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AfDB extends €63.6mln loan for agro-processing project in Senegal
ABIDJAN– The African Development Bank [AfDB] has approved a loan of €63.6 million to Senegal to implement the Agropole-Centre agro-industrial processing zone project. The Ministry of Industrial Development and Small and Medium…
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Associates seek sustainable cooperative sector in Nigeria
ABUJA-The Cooperative Rating & Award Society of Nigeria [CRASoN] has called for the development and sustainability of the cooperative sector in the country, according to local news outlet Punch. Punch quoted the group…
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AfDB and partners launch US$ 520mln for special agro-industrial processing zones in Nigeria
ABUJA– Nigeria on Monday began its long journey to end hunger and achieve food security by launching the Special Agro-industrial Processing Zones [SAPZ], a programme initiated by the African Development Bank [AfDB].…
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Scaling up agriculture: Continental lenders pledge to mobilise credit for women
ABIDJAN-Development lenders in Africa can seize the current global crises as an impetus to help the continent significantly increase food production, especially by supporting women. This was a common conclusion of panelists…
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Kenya co-ops top in Africa, says WOCCU report
NAIROBI-Co-operatives in Kenya top in African content with high membership and wealth, a new Statistical Report by the World Council of Credit Unions [ WOCCU ]shows. The report indicates that 9,041 Co-operative…
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AfDB, COMESA hold workshop on harmonised consumer price indices in Africa
NAIVASHA– COMESA in collaboration with the African Development Bank [AfDB] last week conducted a five-day regional workshop in Naivasha, Kenya on harmonising consumer price indices in Africa. The aim is to improve…
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