We use cookies to improve your experience. By your continued use of this site you accept such use.
The World Bank Group
Source: The World Bank Group |

Malawi: World Bank Provides Additional Support to Assist Food Crisis Response

A quick-release of $57.6 million in innovative grant financing is designed to provide the country immediate liquidity through the Catastrophe Deferred Drawdown Option (CAT-DDO)

The World Bank is providing immediate support for millions of Malawians severely affected by the ongoing food security crisis. A quick-release of $57.6 million in innovative grant financing is designed to provide the country immediate liquidity through the Catastrophe Deferred Drawdown Option (CAT-DDO1). This CAT-DDO support comes in the context…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (7)
    • Water for the future: Tangiers takes steps to secure its blue gold (1)
    • Water for the future: Tangiers takes steps to secure its blue gold (2)
    • Water for the future: Tangiers takes steps to secure its blue gold (3)
    • Water for the future: Tangiers takes steps to secure its blue gold (4)
    • Water for the future: Tangiers takes steps to secure its blue gold (5)
    • Water for the future: Tangiers takes steps to secure its blue gold (6)
    • Water for the future: Tangiers takes steps to secure its blue gold (7)
  • All (7)
Source: African Development Bank Group (AfDB) |

Water for the future: Tangiers takes steps to secure its blue gold

Overlooking the Strait of Gibraltar at the northern tip of Morocco, Tangiers is a cosmopolitan place and gateway to the great continent of Africa

The white city of Tangiers wakes gently at daybreak. Schoolchildren mill up and down the main streets of the old town, the medina, crossing paths with the crowd heading to offices and a few morning tourists. Overlooking the Strait of Gibraltar at the northern tip of Morocco, Tangiers is a…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • Representatives of the African Development Bank, African Fertilizer Financing Mechanism, the Government of Norway and Apollo Agriculture at the Nairobi launch of the Financing for Sustainable Agriculture Management Project
  • All (1)
Source: African Development Bank Group (AfDB) |

Kenyan Farmers Get Fertilizer Boost with $2 million Africa Fertilizer Financing Mechanism Credit Guarantee

The Mechanism will provide a $2 million partial trade credit guarantee and a grant of $219,000 to Apollo Agriculture Limited, a Kenyan corporation, to facilitate the company’s fertilizer sales

In a significant step to advance food security in Kenya, the Africa Fertilizer Financing Mechanism (https://apo-opa.co/3W642uA) has launched a project that will help deliver nearly 8,000 tons of fertilizers to 100,000 smallholder farmers, boosting harvests and incomes. Through its Fertilizer Financing for Sustainable Agriculture Management Project (https://apo-opa.co/3QfyVsr), the Mechanism will provide a…

Afreximbank

  • Multimedia content

  • Images (1)
    • Afreximbank and FCI’s regional factoring conference in Zimbabwe attracts over 200 participants
  • All (1)
Source: Afreximbank |

Afreximbank and FCI’s regional factoring conference in Zimbabwe attracts over 200 participants

Co-organised in collaboration with FCI, the global body for factoring, the conference provided a platform for in-depth discussions and strategic initiatives to promote and enhance factoring within the Southern Africa region

In its ongoing commitment to establish factoring as a viable financing solution for Africa’s small and medium-sized enterprises (SMEs), thus bolstering their participation in intra-regional trade and industrialisation, the African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and FCI recently held a two-day factoring conference in Harare. Centred on the overarching theme of…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • Appointment : Jalel Trabelsi, Special Envoy of the African Development Bank Group President for Middle East, North Africa and the Gulf Region
  • All (1)
Source: African Development Bank Group (AfDB) |

African Development Bank’s Dr. Adesina appoints Ambassador Jalel Trabelsi as Special Envoy for Middle East and North Africa and Gulf Region

Ambassador Trabelsi brings to the role over 30 years of experience as a highly accomplished and distinguished diplomat

The President of the African Development Bank Group Dr. Akinwumi Adesina (www.AfDB.org) has appointed career diplomat Ambassador Jalel Trabelsi as his Special Envoy for the Middle East and North Africa (MENA) and Gulf Region. Ambassador Trabelsi brings to the role over 30 years of experience as a highly accomplished and…

United Nations Economic Commission for Africa (ECA)
Source: United Nations Economic Commission for Africa (ECA) |

Carbon tax on fossils fuels, marine and aviation transport could generate additional development financing for Africa

United Nations Economic Commission for Africa (ECA) studies also indicate that investing in nature-based solutions in African countries could generate up to US$82 billion annually at a price of US$120/tCO2 equivalent

A carbon taxation regime covering carbon tax on fossil fuel, maritime transport, and aviation could generate additional funds to support the Africa energy transition, says Claver Gatete, Executive Secretary of ECA at a dialogue on carbon markets and development held on the sidelines of the tenth Africa Regional Forum on…

Economic Community of West African States (ECOWAS)
Source: Economic Community of West African States (ECOWAS) |

African Union and Economic Community of West African States (ECOWAS) Discuss Terrorism, Violent Extremism and The Resurgence of Coups in Africa

Efforts include the various normative instruments adopted by the African Union to address the security challenges facing the African continent

The African continent is currently facing the scourges of terrorism and violent extremism, as well as the resurgence of unconstitutional changes of government. These developments have adverse negative impact on the peace, security, and stability of African communities. These were comments made by Ambassador Jainaba Jagne, Permanent Representative of The…

United Kingdom Foreign, Commonwealth and Development Office
Source: United Kingdom Foreign, Commonwealth and Development Office |

United Kingdom improves access to life-saving malaria drugs

Support for MedAccess will be used to negotiate lower prices for vital malaria drugs and diagnostic tests for people in countries affected by the disease

£7.4 million funding from UK will make malaria drugs and tests accessible for countries around the world; over 50 million people will have access to the life-saving drugs and tests by 2027; UK-Indian developed vaccines being rolled out to Sierra Leone, Liberia and Benin. The UK government will improve access…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • Bank Executive Director Rufus Darkortey (right) welcoming Ambassador El Gayly Mohamed Abdelhamid, Sudanese Chargé d’Affaires to Cote d’Ivoire
  • All (1)
Source: African Development Bank Group (AfDB) |

African Development Bank Executive Director and Sudanese Envoy Discuss Crucial Support Amid Ongoing Conflict

The meeting between Ambassador Abdelhamid and Mr. Darkortey signifies a collaborative effort between the African Development Bank and Sudan to address challenges and pave the way for a more resilient future for the country

Ambassador El Gayly Mohamed Abdelhamid, Sudanese Chargé d’Affaires to Cote d’Ivoire, recently paid a courtesy visit to Mr. Rufus N. Darkortey, Executive Director for Sudan at the African Development Bank (www.AfDB.org). The meeting, held on April 4, 2024, at the African Development Bank’s headquarters in Abidjan, focused on collaborative efforts…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Rwanda: African Development Fund to provide a partial credit guarantee to support the financing of green and sustainable initiatives

This is in line with Rwanda’s National Strategy for Transformation (NST-1) for 2017-2024 and Vision 2050

The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group (www.AfDB.org), has approved a partial credit guarantee to support Rwanda’s mobilisation of financing to implement green and social initiatives. The Partial credit guarantee for mobilisation of sustainable financing for Rwanda project…