Source: Delegation of the European Union to Egypt |

Joint Declaration on the Strategic and Comprehensive Partnership between The Arab Republic Of Egypt and the European Union

The European Union acknowledges Egypt as a reliable partner, as well as Egypt's unique and vital geo-strategic role as a pillar of security, moderation, and peace in the region of the Mediterranean, the Near East and Africa

The Arab Republic of Egypt and the European Union have mutually agreed to elevate their relationship to the level of a strategic and comprehensive partnership, based on the values of equity and on mutual respect and trust. The two parties, cognizant of the historical relationship that has bound them for…

Source: The World Bank Group |

World Bank approves Additional Financing for Economic Management and Statistics Development in Djibouti

These activities will enhance the achievements of the parent project, which focused on strengthening the national statistical system

The World Bank has approved an additional financing of USD$ 5 million for the Economic Management and Statistics Development for Policy Making project in Djibouti. The project aims to strengthen the capacity of the National Institute of Statistics of Djibouti (INSTAD) to produce and disseminate timely and reliable statistics, and to modernize the government's…

Energy Capital & Power
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    • Cape Town Infrastructure Report Launched at Sustainable Infrastructure Development Symposium of South Africa (SIDSSA) Masterclass
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Source: Energy Capital & Power |

Cape Town Infrastructure Report Launched at Sustainable Infrastructure Development Symposium of South Africa (SIDSSA) Masterclass

SIDSSA 2024 is a platform that brings together critical role-players in the infrastructure investment space with the goal of accelerating economic development in South Africa

Principal Professional Officer for the City of Cape Town Caley Green announced the launch of the city’s 2023 Infrastructure Report at a Masterclass during the Sustainable Infrastructure Development Symposium of South Africa (SIDSSA) on March 17. Evaluating the city’s bulk infrastructure from the past year, the updated report builds on…

African Development Bank Group (AfDB)
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    • Representatives of the African Development Bank and the FEC at the signing of the financing agreement
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Source: African Development Bank Group (AfDB) |

Morocco: The African Development Bank and the Fonds d’équipement communal sign a loan agreement of EUR 100 million to fund sustainable development projects and strengthen the attractiveness of various territories

The aim of the operation is to improve public services, particularly in rural areas, and support the emergence of new economic activities, investment opportunities and employment opportunities

The African Development Bank (https://www.AfDB.org/) signed a loan agreement of EUR 100 million with the Fonds d’équipement communal (FEC) in Rabat, on Friday, March 15, to fund new investment and sustainable infrastructure projects backed by territorial communities. The aim of the operation is to improve public services, particularly in rural…

Source: President of the Republic of Kenya |

President Ruto: Kenya’s Economy Rebounds Signalling a Bright Future

The President cited the recent strengthening of the Kenya shilling against the dollar and the resolution of the $2 billion Eurobond

President William Ruto has assured Kenyans that the economy has bounced back and the country is set for better times. The President cited the recent strengthening of the Kenya shilling against the dollar and the resolution of the $2 billion Eurobond. Consequently, the price of consumer products such as maize…

Source: Energy Capital & Power |

South African President to Open Sustainable Infrastructure Development Symposium of South Africa (SIDSSA) 2024, Featuring Strong Slate of Ministers

South Africa’s President Cyril Ramaphosa will open the SIDSSA 2024 event this March, which will feature a strong roster of ministerial delegates from across the continent

South Africa’s President Cyril Ramaphosa will deliver a keynote and open the Sustainable Infrastructure Development Symposium of South Africa (SIDSSA) 2024, taking place on March 17-19 at the Century City Conference Center in Cape Town. Poised to showcase updates and announcements on new international partnerships and joint ventures in South…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Approves US$1.3 Billion under the Resilience and Sustainability Facility for Cote d’Ivoire

The RSF arrangement will support the reforms of the Ivorian authorities to strengthen adaptation and mitigation, particularly in the areas of agriculture, transport, infrastructure, and public financial management

The IMF Executive Board approved a 30-month RSF arrangement for Côte d’Ivoire for a total amount of SDR975.6 million (approximately US$1.3 billion); Côte d’Ivoire is exposed and vulnerable to climate change. Rising temperatures, rainfall disruptions, flooding, rising sea levels and coastal erosion are major challenges and represent recurring risks for…

Source: The World Bank Group |

Tunisia: World Bank Projects Boost Food Security, Economic Opportunities

This project aims to streamline wheat imports and support small-scale producers by providing barley for milk production and climate-resilient seeds for wheat producers

The World Bank’s Board of Directors approved two new loans worth US$520 million yesterday, providing additional financing to address Tunisia’s food security challenge and to balance regional disparities through improved road corridor connectivity in the country. "The two projects are aligned with the World Bank's Country Partnership Framework (CPF) 2023-2027…

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

Strengthening Economic Community of West African States (ECOWAS)-Spanish Cooperation: Spain and the ECOWAS Commission sign a Memorandum of Understanding

H.E. Omar Alieu Touray thanked Spain for its commitment to the development of energy infrastructures, agriculture and gender issues

The ECOWAS Commission, led by its President, H.E. Dr. Omar Alieu Touray, received this Tuesday, March 12, 2024, at its headquarters, a delegation of senior Spanish officials led by H.E. Diego Martinez Belío, Secretary of State for Foreign Affairs of the Kingdom of Spain, as part of the signing of…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Reaches Staff-Level Agreement with Guinea Bissau on Fourth and Fifth Reviews of Extended Credit Facility Arrangement

Conclusion of the Fourth and Fifth Reviews by the IMF Executive Board, tentatively scheduled for mid-May 2024, would enable the disbursement of SDR 6.17 million (about US$ 8.2 million), bringing total disbursement under the arrangement to SDR 19.44 million

A team from the International Monetary Fund (IMF) led by Jose Gijon, Mission Chief for Guinea Bissau, held videoconferences and meetings in Bissau during February 28– March 11, 2024, to discuss macroeconomic policies in the context of the Fourth and Fifth Reviews of the ECF arrangement [[1]]. The initial arrangement was…