Source: The World Bank Group |

Restoring Zimbabwe’s Livelihoods, Infrastructure After Cyclone Idai

The cyclone caused estimated direct damages of $622 million and significantly damaged infrastructure, properties, crops, and livestock

STORY HIGHLIGHTS After massive devastation in Zimbabwe from Cyclone Idai, a new World Bank-funded multi-sector operation will advance recovery and resilience building to prevent a development crisis Approximately 270,000 people have been affected, with estimated direct damages of $622 million. The financing will help mitigate the impact of Cyclone Idai…

JLL
Source: JLL |

Mixed-use is the key to funding hotel development in Africa

JLL’s research into global property transactions reveals that in the first half of 2019, there was a 42% increase in the value of mixed-use property transactions

A new report from JLL (www.JLL.com), the world’s largest professional services firm specialising in real estate, has revealed that people seeking to finance a new hotel project in Africa will be much more successful if their hotel is part of a mixed-use development. JLL’s research into global property transactions reveals…

Fenix International
Source: Fenix International |

Fenix International to Launch Off-Grid Solar in Mozambique in partnership with leading operator Vodacom

Launching sales in Mozambique is the latest step in Fenix’s expansion

Fenix International (https://www.FenixIntl.com/), a next-generation energy company and subsidiary of ENGIE (https://www.ENGIE.com), opens its sixth market in Mozambique, where it expects to reach 200,000 households with clean energy and inclusive financial services within 3 years. Launching sales in Mozambique is the latest step in Fenix’s expansion. Headquartered in Kampala, the…

Source: African Development Bank Group (AfDB) |

G5 Sahel heads of State throw their weight behind African Development Bank initiative Desert to power

Bank commits $20 million towards project preparation for the realization of the project

G5 Sahel heads of state at a Summit on Friday in Ouagadougou, Burkina Faso, gave strong support to Desert to Power, an Africa Development Bank (https://www.AfDB.org/) -led initiative. The summit, "Harnessing solar energy for the socio-economic development of the G5 Sahel countries" came on the heels of a high-level technical…

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

African Development Bank launches US$ 2 billion 1.625% Global Benchmark due 16 September 2022

Launched on September 11, the bond issue is the Bank’s second Global Benchmark of 2019, following a EUR 1 billion 10-year priced in March 2019

The African Development Bank (www.AfDB.org), rated Aaa/AAA/AAA (Moody’s/S&P/Fitch, all stable), has launched and priced a US$ 2 billion 3-year Global Benchmark bond due 16 September 2022, its first US$ benchmark of the year. Launched on September 11, the bond issue is the Bank’s second Global Benchmark of 2019, following a…

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

Innovative thinking marks African Development Bank’s Africa jobs manifesto

Employment is top of the agenda of every African leader – SVP Charles Boamah

Innovative thinking about Africa’s conventional employment issues is what marks the African Development Bank’s (www.AfDB.org) new policy research document “Creating Decent Jobs: Strategies, Policies, and Instruments,” participants heard at the report launch, held 12 September 2019. The report elicited strong presentations and a lively debate during the event which took…

Source: The World Bank Group |

Five Million Tanzanians to Benefit from Improved Safety Nets

World Bank Approves Funds for Human Capital and Livelihoods Improvements

Over five million Tanzanians, more than half of them women, will benefit from improved social safety nets supported by new financing approved today by the World Bank Board of Executive Directors. The $450 million IDA credit to the Second Productive Social Safety Net Project (PSSN II), implemented by the Tanzania…

Source: Office for Coordination of Humanitarian Affairs (OCHA) |

United Nations and World Bank Group call for sustained funding to relieve suffering in Somalia

On mission to Somalia, the Emergency Relief Coordinator and senior officials from the World Bank and the UN Peacebuilding Support Office say that early action and joined up approaches are key to ending the country’s cyclical crises

With the latest analysis showing that Somalia’s main harvest was the worst since the famine in 2011, Under-Secretary-General (USG) for Humanitarian Affairs and Emergency Relief Coordinator Mark Lowcock today called for sustained funding to protect recent gains made in beating back hunger and reiterated the importance of the Government’s Resilience…

GE
Source: GE |

Oloibiri Health Programme: Public-Private Partnerships in Advancing Sustainable Healthcare Systems in Nigeria

The Oloibiri Health Programme (OHP) is a transformational health intervention programme championed by Shell as part of its Social Investment Programme

The first phase of the Oloibiri Health Programme (OHP) was recently inaugurated and comprises of the remodelled General Hospital, Kolo; Water Treatment Plant; Hybrid Solar Powered System; Medical Laboratory Equipment at the College of Health Technology, Otuogidi and the Dental Chair at the Demonstration Clinic, Otuogidi (one of the 14…

Source: U.S. Embassy in Namibia |

US$7.6 Million in Food Assistance to Counter Drought Hardship

This donation will reach and feed an estimated 110,000 Namibians

 To alleviate the hardship brought on by the drought, the U.S. government has donated US$7.6 million worth of food assistance for some of Namibia’s most vulnerable populations. The donation is funded by the United States President’s Emergency Plan for AIDS Relieve (PEPFAR) and is in addition to the US$81.4 million…