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

Africa Offers Asian Business an Abundance of Investment Opportunities, Webinar Participants Learn

The two-hour virtual event, held in English, Korean, and Chinese, offered participants an opportunity to learn more about the Bank and its operations

The African Development Bank ( today held a workshop to convey the continent’s immense investment and partnership opportunities to Asian business leaders, particularly as the continent seems poised to return to economic growth in 2021 following the impact of the COVID-19 pandemic. The two-hour virtual event, held in English, Korean,…

Source: European Investment Bank (EIB) |

City Climate Finance Gap Fund launches to support Climate Smart Urban Development

Supporting cities in developing and emerging economies

The Gap Fund offers technical and advisory services for climate action projects; supporting cities in developing and emerging economies; unlocking at least €4 billion of final investment Today, the City Climate Finance Gap Fund (“The Gap Fund”) was launched jointly by ministers and directors of the Governments of Germany and…

Source: International Monetary Fund (IMF) |

Coronavirus - Angola: Confronting the COVID-19 Pandemic and the Oil Price Shock

Only months after the conclusion of the second review in December 2019, the COVID-19 pandemic reached Angola, ushering in economic and health crises

The COVID-19 pandemic and the shock from the falling price of oil have put severe pressure on Angola since the country’s second review under the Extended Fund Facility (EFF) in December 2019. Only months after the conclusion of the second review in December 2019, the COVID-19 pandemic reached Angola, ushering…

Source: African Energy Chamber |

The Democratic Republic of the Congo - A change of perspective on Africa's problem child (By Jessica Stang)

According to the World Bank, just under 20 percent of the population in the DRC currently has access to electricity

By Jessica Stang, Community Manager of the Germany Africa Business Forum Every time I take an Uber, the first topic of small talk is what my roots are. The reactions that I am half German and half Congolese differ greatly between Europe and Africa. Typically, when I mention the DRC…

African Energy Chamber
Source: African Energy Chamber |

Mozambique LNG Project Could Be Transformational for Mozambique - If Western Environmentalists Don’t Interfere (By NJ Ayuk)

Mozambique’s first onshore LNG plant would be creating tens of thousands of jobs - and contributing to sustainable, long-term economic growth

By NJ Ayuk, Executive Chairman, African Energy Chamber ( When Anadarko Petroleum Corp. confirmed last year it would be constructing a $20 billion liquified natural gas (LNG) plant in Mozambique, this was major news. Mozambique’s first onshore LNG plant would be creating tens of thousands of jobs - and contributing to…

United Nations High Commissioner for Refugees (UNHCR)
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    • A family eats breakfast at the PK3 site for Internally Displaced People in Bria, Central African Republic, May 2019. © UNHCR/Adrienne Surprenant
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Source: United Nations High Commissioner for Refugees (UNHCR) |

Coronavirus - Critical underfunding exacerbated by COVID-19 pushing displaced people to the edge

A shortage of resources for humanitarian operations could have devastating impacts for millions of people around the globe

UNHCR, the UN Refugee Agency, has warned that millions of displaced people in need of protection and assistance, and their host communities, are feeling the pinch of massive underfunding, as the COVID-19 crisis continues to increase humanitarian needs globally. The agency has so far received just 49 per cent (US$4.5…

Source: African Development Bank Group (AfDB) |

Mauritania: African Development Bank extends $2.1 million for rollout of Disaster Risk Financing

The Bank is extending the funding under its Africa Disaster Risk Financing (ADRIFI) program to enable the country to take out a drought risk index-based insurance policy

The African Development Bank’s ( Board on Wednesday approved a grant of $2.1 million to boost the country’s resilience against climate related shocks and food insecurity. The funds, sourced from the African Development Fund, will go to provide technical and institutional support to strengthen Mauritania’s capacity to assess climate-related risk.…

Source: International Labour Organisation (ILO) |

Coronavirus - International Labour Organization (ILO): Developing countries should invest US$1.2 trillion to guarantee basic social protection

Closing the coverage gap, worsened by COVID-19, will require additional sources of financing says a new ILO study

To guarantee at least basic income security and access to essential health care for all in 2020 alone, developing countries should invest approximately US$1.2 trillion – on average 3.8 per cent of their GDP – says a new ILO policy brief. Since the onset of the COVID-19 pandemic the social…

Source: The World Bank Group |

Coronavirus: Pandemic threatens Human Capital Gains of the Past Decade, New Report Says

The World Bank Group’s 2020 Human Capital Index includes health and education data for 174 countries – covering 98 percent of the world’s population – up to March 2020

The COVID-19 pandemic threatens hard-won gains in health and education over the past decade, especially in the poorest countries, a new World Bank Group analysis finds. Investments in human capital—the knowledge, skills, and health that people accumulate over their lives—are key to unlocking a child’s potential and to improving economic…

Source: The World Bank Group |

Government of Kenya has Partnered with the Private Sector and Development Partners to Outline its Roadmap towards Achieving Energy Efficiency Goals

Kenya has made significant progress in energy efficiency and conservation

The Kenyan Government through the Ministry of Energy (MOE) today launched the Kenya National Energy Efficiency and Conservation Strategy (KNEECS or The Strategy) placing Kenya firmly on track toward sustainable consumption and production including renewable energy generation. The Strategy was developed in collaboration with key stakeholders including the Kenya Association…