Ecobank Transnational Incorporated
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    • International Finance Corporation (IFC) and Ecobank Transnational Incorporated to Support Trade Finance in Seven African Countries (1)
    • International Finance Corporation (IFC) and Ecobank Transnational Incorporated to Support Trade Finance in Seven African Countries (2)
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Source: Ecobank Transnational Incorporated |

International Finance Corporation (IFC) and Ecobank Transnational Incorporated to Support Trade Finance in Seven African Countries

IFC’s $140 million trade finance guarantee facility will help strengthen the participating affiliates’ trade finance operations and leverage ETI’s wide-spanning footprint in Africa

To promote trade and foster economic growth in Africa, IFC today announced trade finance facilities with seven Ecobank Transnational Incorporated (ETI) (www.Ecobank.com) subsidiaries operating in Burkina Faso, Cameroon, Cote d’Ivoire, Ghana, Malawi, Mali, and Togo. IFC’s $140 million trade finance guarantee facility will help strengthen the participating affiliates’ trade finance…

Source: World Food Programme (WFP) |

World Food Programme (WFP) welcomes the United Kingdom Government's £3 million contribution towards Malawi’s El Niño Appeal

This critical support promptly addresses the urgent and escalating El Nino drought-induced humanitarian needs

The World Food Programme (WFP) welcomes a generous contribution of £3 million (USD 3.7 million) from the United Kingdom to the El Niño response appeal in Malawi. This critical support promptly addresses the urgent and escalating El Nino drought-induced humanitarian needs. The United Kingdom's contribution will profoundly impact the lives…

Source: World Food Programme (WFP) |

Urgent Action Critical as Malawi Faces Severe Drought

The situation could further worsen as food stocks are already depleted, inflation rates high and maize prices 40% higher than last year

Around nine million people in Malawi are reeling from the devastating impacts of El Niño-induced floods and drought, which are destroying harvests and causing hunger to soar to crisis levels. Visiting the drought-stricken areas of Malawi, Ms. Reena Ghelani, the UN Climate Crisis Coordinator for El Niño / La Niña…

Source: WHO Regional Office for Africa |

Timely outbreak response, enhanced surveillance halts wild poliovirus transmission in Southern Africa

To enhance polio surveillance, over the past two years, 15 new wastewater surveillance sites were established in the affected countries

Following thorough assessments in Malawi and Mozambique, an independent Polio Outbreak Response Assessment Team (OBRA) today recommended the closure of the wild poliovirus type 1 (WPV1) outbreak in Malawi and Mozambique, marking a significant milestone in the fight against polio in the African region. The last WPV1 case in the…

Merck Foundation
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    • Senator Dr Rasha Kelej acknowledged the Winners of Merck Foundation Awards (1)
    • Senator Dr Rasha Kelej acknowledged the Winners of Merck Foundation Awards (2)
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Source: Merck Foundation |

Merck Foundation Chief Executive Officer (CEO) meets the 83 Winners of “More Than a Mother” and “Diabetes and Hypertension” Media Awards 2023, in partnership with the First Ladies of Africa

The awards ceremony was held via Videoconference to felicitate all the media award winners

Merck Foundation CEO (www.Merck-Foundation.com) announced call for application of 2024 Merck Foundation Media Recognition Awards in partnership with African First Ladies - apply now at submit@merck-foundation.com. Merck Foundation, the philanthropic arm of Merck KGaA Germany, in partnership with the African First Ladies, announced the winners of Merck Foundation Africa Media Recognition…

Source: The World Bank Group |

Malawi: World Bank Provides Additional Support to Assist Food Crisis Response

A quick-release of $57.6 million in innovative grant financing is designed to provide the country immediate liquidity through the Catastrophe Deferred Drawdown Option (CAT-DDO)

The World Bank is providing immediate support for millions of Malawians severely affected by the ongoing food security crisis. A quick-release of $57.6 million in innovative grant financing is designed to provide the country immediate liquidity through the Catastrophe Deferred Drawdown Option (CAT-DDO1). This CAT-DDO support comes in the context…

Source: Food and Agriculture Organization (FAO) |

Food and Agriculture Organization of the United Nations (FAO) warns of maize shortfall across Southern Africa

Recent weather trends associated with El Niño have decimated harvest prospects and point to rising prices and import needs

Cereal production prospects in Southern Africa have taken a sharp turn for the worse since last February, the Food and Agriculture Organization of the United Nations (FAO) warned today (Monday/Tuesday). The foreseen shortfall in production, especially for maize, is expected to intensify households’ food insecurity, push up domestic prices and spur…

Source: World Health Organization (WHO) - Malawi |

Malawi curbs cholera through enhanced outbreak control

Through the work of community health volunteers, active search finding of acute watery diarrhoea cases enables health workers implement targeted measures to prevent infection spread

Although Malawi continues to record only sporadic cholera cases, with just an average of 10 cases a week as of January 2024 compared with close to 700 cases per week at the peak of the outbreak in January 2023 – infection control measures are being applied rigorously to further curb…

Source: The World Bank Group |

Unlocking Malawi’s Trade Barriers Through One-Stop Border Posts

One-Stop Border Posts (OSBPs) reduce border waiting times and the cost of cross-border transactions

Malawi’s economy suffers from a lack of investment and high trade costs due to poor logistics and infrastructure; Clearing goods at the Malawi-Dedza border post with Mozambique previously took an average of three days; One-Stop Border Posts (OSBPs) reduce border waiting times and the cost of cross-border transactions. The Dedza border post,…

Source: World Food Programme (WFP) |

World Food Programme (WFP) urges global support as Malawi faces looming food crisis triggered by El Niño

On 23 March, Malawi’s President Lazarus Chakwera declared a State of Disaster, in 23 out of Malawi’s 28 districts affected by El Niño conditions

The United Nations World Food Programme (WFP) is appealing for urgent resources to deliver life-saving food assistance to two million people reeling from the devastating impacts of drought, exacerbated by the effects of El Niño. This comes just days after Malawi’s President Lazarus Chakwera declared a state of disaster. The…