Source: Commonwealth Secretariat |

Commonwealth countries look to unlock potential of FinTech

FinTech has been a driving force behind bank account ownership nearly doubling across Commonwealth countries in the past 10 years

An innovative toolkit to help countries unlock the potential of financial technology to deliver inclusive economic progress has been launched by the Commonwealth Secretariat. The toolkit has been created in response to the requests of Central Bank Governors from across many Commonwealth countries and developed by the Commonwealth Secretariat with…

Source: World Health Organization (WHO) |

World leaders, celebrities to join WHO’s Big Event for Mental Health on 10 October

Close to 1 billion people are living with a mental disorder, 3 million people die every year from the harmful use of alcohol and one person dies every 40 seconds by suicide

On 10 October, World Mental Health Day, world leaders and internationally-recognized celebrities and mental health advocates will come together for the World Health Organization’s Big Event for Mental Health. WHO’s first-ever online advocacy event for mental health will focus on the urgent need to address the world’s chronic under-investment in mental health  ̶  a problem…

Source: The Department of Trade, Industry and Competition, South Africa |

Partnerships on Mega Projects Critical to the Success of the African Free Trade Agreement – High Commissioner Mpahlwa

Mpahlwa was speaking on day two of the South Africa and Mozambique virtual Trade and Investment seminar

The South African High Commissioner to Mozambique, Mr Mandisi Mpahlwa says partnerships in mega projects are critical to the success of the Africa Continental Free Trade Agreement (AFCFTA). Mpahlwa was speaking on day two of the South Africa and Mozambique virtual Trade and Investment seminar which took place under the…

Source: International Air Transport Association (IATA) |

Coronavirus: 4.5 Million African Jobs at Risk due to COVID-19 and Travel Restrictions

172,00 jobs will be lost in aviation alone in 2020

The International Air Transport Association (IATA) warned that the damage being done to the African aviation industry and on economies by the shutdown of air traffic owing to the COVID-19 pandemic has deepened. According to new data published today by the Air Transport Action Group of which IATA is a…

Source: European Investment Bank (EIB) |

Egypt: European Investment Bank (EIB) invests USD 22 million in the first closing of Lorax Capital Partners (LCP) Fund II

The fund seeks to contribute to the development of the private sector in Egypt by increasing access to capital for local SMEs and mid-market companies

The European Investment Bank (EIB) has signed a commitment of USD 22 million with LCP FUND II COÖPERATIEF U.A., a generalist private equity fund targeting primarily growth capital investments in SMEs and mid-market companies in Egypt. At the first closing, the fund attracted USD 140 million of commitments, including from other…

Africa Women Innovation and Entrepreneurship Forum (AWIEF)
Source: Africa Women Innovation and Entrepreneurship Forum (AWIEF) |

The High Commission of Canada in South Africa and Africa Women Innovation and Entrepreneurship Forum partner for eCommerce Capacity Development Programme for Women Entrepreneurs in South Africa

Funded by the Canada Fund for Local Initiatives (CFLI), the activity will enhance market access for women entrepreneurs through building knowledge, capacity, and skills in digital channels

The High Commission of Canada in South Africa has partnered with the Africa Women Innovation and Entrepreneurship Forum (AWIEF) (www.AWIEForum.org) to run an eCommerce Capacity Development Programme for Women Entrepreneurs in South Africa. Funded by the Canada Fund for Local Initiatives (CFLI), the activity will enhance market access for women entrepreneurs through building…

Deutsche Post DHL
Source: Deutsche Post DHL |

Delivery of COVID-19 vaccine: DHL study shows how public and private sector can partner for success

White paper identifies critical challenges in COVID-19 logistics

Global delivery of 10 billion doses of serum needs scaled-up medical supply chains; White paper identifies critical challenges in COVID-19 logistics; A framework is provided to tackle future health emergencies beyond COVID-19. With first emergency use authorizations for COVID-19 vaccines expected to be effective in the last quarter of 2020,…

Source: Médecins sans frontières (MSF) |

Zimbabwe: Medecins Sans Frontieres (MSF) hands over successful HIV & cervical cancer project to Health Ministry

MSF urges Ministry of Health and Child Care (MoHCC), donors and other NGOs to continue and replicate activities to other areas in the country

After nearly 10 years of providing quality HIV and cervical cancer treatment and prevention services in Gutu District, Zimbabwe, the international medical humanitarian organisation Medecins Sans Frontieres (MSF) is handing over its project activities to the Ministry of Health and Child Care (MoHCC) and partners on Wednesday, 30 September 2020.…

Source: Office of the UN High Commissioner for Human Rights (OHCHR) |

Stranded migrants need safe and dignified return – UN Migrant Workers Committee

Deep concerns over the situation of migrant workers, especially those detained in Gulf countries, including Saudi Arabia and Yemen, and in North African countries such as Libya

The UN Committee on Migrant Workers has today called on governments to take immediate action to address the inhumane conditions of migrant workers who are stranded in detention camps and ensure they can have an orderly, safe and dignified return to their home countries. “Migrants, mostly from African and South…

Source: International Monetary Fund (IMF) |

Coronavirus: International Monetary Fund (IMF) Staff issues an Interim Performance Update to the Board on Rwanda’s Policy Coordination Instrument (PCI)

COVID-19 pandemic has had a severe economic impact on Rwanda through implementation of strict domestic measures to contain the spread of virus and related global spillovers

All end-December 2019 quantitative targets for the second review under the PCI [1] were met and performance on the reform targets was broadly on track; the heavy toll of the COVID-19 pandemic has pushed the fiscal targets for end-June 2020 out of reach and hampered progress in advancing the reform…