United Nations High Commissioner for Refugees (UNHCR)
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    • New IFC and The United Nations High Commissioner for Refugees (UNHCR) initiative to boost private sector engagement for refugees and their host communities
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Source: United Nations High Commissioner for Refugees (UNHCR) |

New International Finance Corporation (IFC) and The United Nations High Commissioner for Refugees (UNHCR) initiative to boost private sector engagement for refugees and their host communities

Forced displacement is a growing crisis that is too large and complex for governments and humanitarian agencies to solve alone

The International Finance Corporation (IFC) and UNHCR, the UN Refugee Agency, today announced a joint initiative to create inclusive economic opportunities that will benefit refugees and their host communities. Among other goals, the initiative aims to mobilize private sector projects over the next five years to demonstrate the viability of…

Source: U.S. Embassy in Ethiopia |

Ambassador Jacobson Visits Hawassa, Sidama & Southern Nations, Nationalities and Peoples (SNNP) Regions to Review United States (U.S.) Supported Projects

In commemoration of World AIDS Day 2022, the Ambassador visited a community health center providing services to people affected by HIV/AIDS

Ambassador Tracey Jacobson, Chargé d’Affaires of the U. S. Embassy in Addis Ababa, traveled to Hawassa to meet with the regional presidents of both the Southern Nations, Nationalities and Peoples (SNNP) and the Sidama regions.  She met with SNNPR President H.E. Ristu Yirdaw and President of Sidama Region H.E. Desta…

Source: National Basketball Association (NBA) |

NBA Africa and Afrosport Announce Multiyear Broadcast Collaboration in Sub-Saharan Africa

Coverage will also include a Christmas Day game, the NBA Playoffs, the Conference Finals and the Finals, and weekly magazine show “NBA Action”

Afrosport Will Air More Than 35 NBA Games (https://www.NBA.com) on Free-to-Air Television in  Sub-Saharan Africa Each Season; Miami Heat Will Host San Antonio Spurs in Afrosport TV’s First Live Broadcast on Dec. 10. NBA Africa and Afrosport, a broadcast group distributing free-to-air premium live sports content across 40 countries in sub-Saharan…

African Development Bank Group (AfDB)
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    • African Development Bank Group president Akinwumi Adesina (left) and International Fund for Agricultural Development (IFAD) President Alvaro Lario
    • African Development Bank Group president Akinwumi Adesina (left) and Food and Agriculture Organization (FAO) Director General Qu Dongyu
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Source: African Development Bank Group (AfDB) |

Achieving Zero Hunger in Africa is within reach, say global Agriculture leaders in Rome ahead of 2023 African Food Summit in Dakar

The goal of the Dakar 2 conference is to mobilize political support for the structural transformation of agriculture in Africa

Eradicating hunger in Africa by 2030 is possible, said global agriculture leaders in Rome. Meeting ahead of the African Food Summit (Dakar 2) to be hosted by President Macky Sall in Dakar, Senegal, from 25-27 January 2023, President of the African Development Bank Group (https://www.AfDB.org/en) Dr. Akinwumi Adesina, the International Fund for…

Source: U.S. Embassy in Zambia |

$8 Million United States (U.S.) Millennium Challenge Corporation Grant to Advance Progress on Development of Zambia Compact

MCC and the Zambian government are working together to identify investments that present the greatest opportunities for inclusive economic growth

The U.S. government’s Millennium Challenge Corporation (MCC) announced USD $8 million (138.8 million kwacha) in new grant funding to the Zambian government to advance the development of an MCC compact program to reduce poverty through economic growth in Zambia.  MCC compact programs average approximately USD $350 million and are designed…

African Development Bank Group (AfDB)
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    • The African Development Bank's Sustainable Energy Fund for Africa (SEFA) is supporting the Tulu Moye geothermal project in Ethiopia for ten million US dollars
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Source: African Development Bank Group (AfDB) |

Ethiopia: Sustainable Energy Fund Africa provides $10 million grant to support Tulu Moye Geothermal Resource Development

The SEFA grant complements existing facilities to mitigate the high risk associated with drilling activities and help attract commercial debt capital to finance the project

The Board of Directors of the African Development Bank Group (http://www.AfDB.org/) has approved a $10 million reimbursable grant from the Sustainable Energy Fund for Africa (SEFA) (http://www.AfDB.org/SEFA) to support a geothermal drilling program that will add 50 megawatts of renewable energy to Ethiopia’s power system. The Tulu Moye Geothermal Operations PLC…

African Development Bank Group (AfDB)
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    • Representatives of the African Securities Exchanges Association, the African Development Bank and other partners at the launch of the African Exchanges Linkage Project Link Trading Platform in Abidjan.
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Source: African Development Bank Group (AfDB) |

African Development Bank, African Securities Exchange Association Launch African Exchanges Linkage Project (AELP) E-Platform Linking Seven African Capital Markets With $1.5 Trillion Market Capitalization

The AELP Link Trading Platform incorporates stock market integration, an order routing system, and market and order-book data sharing

The African Exchanges Linkage Project (AELP) has launched an e-platform (The AELP Trading Link), enabling seamless cross-border securities trading among seven African stock exchanges representing 2,000 companies with roughly $1.5 trillion market capitalization. The AELP Link Trading Platform incorporates stock market integration, an order routing system, and market and order-book…

Source: The World Bank Group |

Côte d'Ivoire: The World Bank Reinforces its Support to Sustainable Investments and Human Capital

This budget support operation is aligned with the priorities identified by the World Bank Group in Côte d'Ivoire, including improving agricultural productivity and rural incomes

The World Bank announced today a significant financial support to back reforms aimed at strengthening public and private investment, human capital, and the sustainable use of natural resources. The $400 million First Investment for Growth Development Policy Financing is a budget support operation that will support Côte d'Ivoire's ambitious goal…

African Energy Week (AEW)
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    • Africa’s Energy Sector Is in Need of Practical, and Not Reactionary, Solutions at the US and African Leaders Summit in Washington DC: (By NJ Ayuk)
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Source: African Energy Week (AEW) |

Africa’s Energy Sector Is in Need of Practical, and Not Reactionary, Solutions at the US and African Leaders Summit in Washington DC: (By NJ Ayuk)

U.S. and African Presidents must address energy poverty and a Just Transition

By NJ Ayuk, Executive Chairman, African Energy Chamber (www.EnergyChamber.org) We are confident that, like previous meetings between American and African Leaders, the events of the highly anticipated Africa Leaders’ Summit, taking place Dec. 13-15 in Washington, D.C., will show America’s earnest and enduring commitment to Africa in the broad sense.…

Source: Investing in African Mining Indaba |

Eskom’s De Ruyter Among Headline Speakers at Mining Indaba 2023

Investing in African Mining Indaba 2023 takes place in Cape Town from 6-9 February 2023

The world’s largest mining event, Investing in African Mining Indaba (https://www.MiningIndaba.com), is returning to Cape Town in February 2023 and its speaker line-up boasts business, government, policymakers and investors from across the mining industry. In February, attendees will hear from global leaders in the Mining Indaba network including Anglo American…