Africa
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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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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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