FAO welcomed the decision by the Global Environment Facility Council to allocate a substantial $176 million to 24 of its projects that tackle the critical intersection between agriculture and environmental concerns.
More than 150 trained Red Cross volunteers have been deployed as part of a first wave of response to the latest Ebola outbreak in the Équateur Province, in the western part of Democratic Republic of the Congo.
For the past five decades, the African Development Bank Group has been at the forefront of driving Africa’s economic transformation, leveraging its diverse resources and unique know-how as an indigenous development finance institution.
The East African Community (EAC) Partner States have adopted the EAC Regional Electronic Cargo and Drivers Tracking System that will be hosted at the EAC Headquarters in Arusha, Tanzania.
The African Development Bank granted Abidjan a funding of $13.55 million to support the fight against the Covid-19 pandemic within the Economic and Monetary Community Central Africa (CEMAC) and the Democratic Republic of Congo (DRC).
MultiChoice Group (MCG) announces its partnership with the Youth Employment Service (YES) initiative which has resulted in the creation of 400 new job opportunities.
With the recent ‘AfricaConnect’ €400 million initiative under DEG’s management, the German Development Ministry is looking to increase private sector investments and cooperation with the African continent.
The African Development Bank (AfDB) approved a $500,000 emergency assistance grant to Egypt to provide food relief, and to contribute to restoring the livelihoods of vulnerable populations severely affected by COVID 19.
The EU has mobilised €3 million in emergency assistance to countries in East Africa that have been hit by heavy rainfall over the past weeks, triggering devastating landslides and floods.
The African Development Bank approved an emergency project in favor of low-income countries members of ECOWAS for strengthening the health systems of The Gambia, Mali and Niger.
The Government of Sudan and the United Nations World Food Programme (WFP) have signed a Memorandum of Understanding (MoU) to support the government’s Family Support program that will provide Sudanese families direct cash transfers.
The World Bank approved two new projects totaling $25 million in credit from the International Development Association (IDA), to help Djibouti address vulnerability, foster inclusive economic growth and improve service delivery.
Check Point has successfully brought down VandaTheGod, the person behind a 7-year hacktivism campaign
The Government of Tanzania and the French Development Agency (AFD) signed a financing agreement for a 70M€ concessional loan aiming at improving water supply and sanitation services for the residents of Morogoro Municipality.
The WFP in Niger welcomed an additional €24 million contribution from Germany to scale-up resilience building at a time when Niger is facing the socio-economic impacts of the COVID-19 health pandemic on food security.
The Nigerian Content Development and Monitoring Board (NCDMB) has launched BrentPlus, a series of initiatives that will stimulate innovations in the oil and gas industry.
New swarms of locusts threaten to increase hunger in East Africa reeling from floods and coronavirus
Oxfam warns that millions of people in East and Central Africa, already suffering due to flooding and the impact of coronavirus, are at risk of increased hunger and poverty as the region braces for the latest generation of locusts.
According to the Greater Horn of Africa Climate Outlook Forum Statement, parts of South Sudan, Western Kenya, Uganda, Northern Tanzania and Rwanda are expected to receive above normal rainfall between June and September 2020.
The Covid-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year from fossil fuels to renewables and efficiency, the IEA said in a new report.
In response to challenges across Africa around land ownership and use, the African Natural Resources Centre (ANRC) of the African Development Bank is launching a series of articles to aid policy debate.
The South African Department of Employment and Labour says the Unemployment Insurance Fund (UIF) has to date paid in excess of R15 billion to beneficiaries.
Africa Regional Integration Index underlines integration as key to building more resilient economies
The 2019 Index, which builds on the first edition published in 2016, provides up-to-date data on the status and progress of regional integration in Africa.
Africa Regional Integration Index calls on continent to build more resilient economies through integration
The second Africa Regional Integration Index (ARII 2019) was launched by the Economic Commission for Africa (ECA), the AfDB and the African Union Commission, with a call to action to African economies to deepen their integration.
The African Union Development Agency (AUDA-NEPAD) and the Council for Scientific and Industrial Research (CSIR) are strengthening their partnership through formalised technical cooperation to accelerate technology development in Africa.
The Council for Scientific and Industrial Research (CSIR) released the findings of a life cycle sustainability assessment (LCSA) of grocery carrier bags in South Africa.
The World Bank approved a US$500 million program to help countries in Africa and the Middle East fight the locust swarms that are threatening the food security and livelihoods of millions of people.
The African Development Fund has approved a 4.02 million euro loan with a grant component to finance the Government of Madagascar’s 30 million euro equity investment in the Sahofika hydropower project.
The Director-General of FAO QU, has warned that efforts to control Desert Locusts will take time, noting increased concern for the Sahel and Southwest Asia is adding to the burden of efforts ongoing in the Horn of Africa and Yemen.
Driving Licensing Testing Centres, registering authorities, vehicle testing stations and driving schools in South Africa will resume their services with effect from 1 June.
The President of the Republic of Ghana launched the GH¢1 billion Coronavirus Alleviation Programme Business Support Scheme.
The World Bank approved a financing of $48 million from the International Development Association (IDA) to help Uganda prevent and respond to the threat to livelihoods posed by the Desert Locust outbreak.
The World Bank has approved a $54 million International Development Association (IDA) credit to improve health service delivery to women, children, and adolescents in Liberia.
Team Europe - the EU, Germany, the Netherlands, Belgium, France, Sweden and Denmark are bolstering food security in Kenya and the region with over Ksh 16 billion (EUR 140 million) at a time of crisis due to COVID-19.
Education Cannot Wait (ECW) announces a $1.5 million allocation to support the education in emergency response to the COVID-19 pandemic in Cameroon.
The Western Cape Department of Agriculture (WCDoA) has distributed R10 million in fodder support to 1727 farmers located in extreme or critically extreme drought areas in the Western Cape.
Equatorial Guinea’s Ministry of Mines and Hydrocarbons signed its first mining contracts with three international companies for the exploration of mineral resources in the Rio Muni region.
The World Bank has approved a $1 billion budget support operation for Kenya, which helps close the fiscal financing gap, while supporting reforms that help advance the government’s inclusive growth agenda.
South African Basic Education Minister said schools will reopen on 1 June 2020 with Grade7, Grade 12 and small schools being the first learners to return to the classroom.
In Kenya’s coastal Mombasa County, Mercy Mghanga, reminisces her past, not so long ago, she sold tonnes of fish to five star hotels in the tourist town and exported the rest to China.
Borderlands across the Horn of Africa are isolated, poor, and insecure, yet they hold real economic potential driven by a wealth of natural resources and some of the world’s most rapidly growing economies.
The dire socio-economic consequences of the COVID-19 pandemic may more than double the number of hungry people in East Africa and the Horn over the next three months, a report from the United Nations World Food Programme (WFP) has found.
With an economic recession expected at -1.4 per cent by IMF this year, Angola is expected to be less hit than its immediate neighbours or than the rest of African oil-producing countries.
Despite the lockdown to control the spread of COVID-19, Rwanda has not witnessed disruption in the supply of seeds to farmers, according to the Ministry of Agriculture and Animal Resources.
The Japanese government has contributed $1.5 million to the United Nations World Food Programme (WFP) to support the implementation of the four-year Boresha Lishe nutrition project in rural areas of central Tanzania.
The OPEC Fund for International Development has increased its trade finance program from $50 to $100 million to enable international financial services firm Natixis to enhance support for trade and development in Africa.
The UN's Food and Agriculture Organization (FAO) is seeking $350 million to scale up hunger-fighting and livelihoods-boosting activities in food crisis contexts where COVID-19's impact could be devastating.
More than 15 000 small-scale farmers from South Africa have been approved for R1.2 billion COVID-19 Agricultural Disaster Fund, according to Agriculture, Land Reform and Rural Development Minister.
Qatar Petroleum entered into a farm-in agreement with Total to acquire a 45% participating interest in blocks CI-705 and CI-706, located in the Ivorian-Tano basin, offshore the Republic of Côte d'Ivoire.
The World Bank approved a $137.5 million International Development Association (IDA) grant to help Somalia respond to and recover from multiple, ongoing, and overlapping crises.
The World Bank approved a $30 million development policy grant to support The Gambia’s efforts to improve debt and public investment management, improve financial viability and service delivery in the energy and telecom sectors.
The South African Department of Health has announced the appointment of Dr Sandile Buthelezi as its Director-General.
COMESA convened a virtual meeting to approve a harmonized set of regional guidelines developed to facilitate movement of goods and services across the region during the COVID-19 pandemic.
COVID-19 will trigger a sharp drop in household incomes in Middle East and North African (MENA) countries that are fragile and in conflict situations, such as Afghanistan, Djibouti, Iraq, Lebanon, Sudan, and Somalia.
EXIM approves amended financing of U.S. exports to Mozambique LNG project, support more U.S. jobs in additional states
The BOD of the EXIM unanimously voted to amend the agency’s previously approved September 2019 direct loan supporting U.S. exports for the development and construction of an integrated LNG project in Mozambique.
[South Africa] Employers of domestic workers, farm labourers called upon to apply for UIF lockdown benefits
The Department of Employment and Labour is making all efforts to reach domestic workers and farm labourers so that they can benefit from the COVID-19 relief scheme.
The coronavirus pandemic cut global trade values by 3% in the first quarter of this year, according to the latest UNCTAD data published in a joint report by 36 international organizations.
Against the backdrop of a devastating pandemic, the global economy is projected to contract sharply by 3.2 per cent this year, according to the United Nations World Economic Situation and Prospects (WESP) mid-2020 report.
Africa has so far escaped the worst health consequences of the COVID-19 pandemic.
PetroNor announces that the Company has reached a mutual agreement with the Government of Senegal to suspend the Arbitration related to the Rufisque Offshore Profond and Senegal Offshore Sud Profond licence.
Egypt’s economy will slow sharply this year because of the impact of the coronavirus, but will avoid a recession, according to the latest forecast by the EBRD.
Morocco’s economy will decline by 2 per cent in 2020 because of the economic impact of the coronavirus pandemic, but a 4 per cent rebound is expected in 2021, according to the latest forecast by the EBRD.
Norway has pledged to do more to assist these countries strengthen their health systems and assist vulnerable people,’ said Minister of International Development Dag-Inge Ulstein.
Subsidiaries of JSC Rosgeo, JSC Zarubezhgeologiya and JSC Yuzhmorgeologiya, signed contracts with the Ministry of Mining and Hydrocarbons of Equatorial Guinea for the first stage of work on seismic studies in Equatorial Guinea.
South African banks are now ready to accept loan applications from COVID-19 distressed businesses, as revealed by the National Treasury, the South African Reserve Bank and the Banking Association of South Africa.
The director of regional integration and trade at ECA, Stephen Karingi, says 2020 that the African Continental Free Trade Area (AfCFTA) could help African economies recover from the impact of COVID-19.
The South African Minister for Agriculture, Land Reform and Rural Development announced the outbreak of African Swine Fever at Amathole District Municipality in Eastern Cape.
President Muhammadu Buhari has approved the immediate dissolution of the Interim Management Team and the appointment of an Acting Managing Director for the Bank of Agriculture in the person of Mr Alwan Ali Hassan.
Rosgeo and the Ministry of Mines and Hydrocarbons of Equatorial Guinea have signed contracts for the initial phase of seismic acquisition in transit zone and state geological mapping in the Rio Muni area.
FAO makes gains in the fight against Desert Locusts in East Africa and Yemen, threat for food security crisis remains
The Director-General of the Food and Agriculture Organization of the United Nations said that significant gains had been made in the fight against the desert locust upsurge in East Africa and Yemen.
New research from the United Nations World Tourism Organization (UNWTO) shows that 100% of global destinations continue to have restrictions on travel in place, and 72% have completely closed their borders to international tourism.
A new World Bank Group report finds that the production of minerals, such as graphite, lithium and cobalt, could increase by nearly 500% by 2050, to meet the growing demand for clean energy technologies.
Somalia’s internal revenue mobilization galvanised by UA 5.5 million grant from African Development Bank
The Federal Republic of Somalia (FGS) revenue mobilization strategy received a boost with a UA 5.5 million grant from the African Development Bank.
More than twelve trade agreements which have been operational in the Common Market for several years have been banned by the COMESA Competition Commission (CCC) for being anti-competition.
Germany has reaffirmed its commitment to the long-term improvement of livelihoods and food security in Mali through an EUR 11 million contribution to the United Nations World Food Programme’s life-changing activities in the country.
The Economic Commission for Africa (ECA) has released a new report proposing to African nations various coronavirus disease (COVID-19) exit strategies.
Tanzania is well-positioned to integrate into the global digital economy, thanks to its growing economy and a rapidly developing innovation ecosystem, a new UNCTAD assessment says.
The Djibouti insurance sector is expected to grow at a considerable pace in coming years owing to the improving socio-economic growth of the country.
Moody's Investors Service, has changed the outlook on the Government of Kenya's ratings to negative from stable.
The Unemployment Insurance Fund (UIF) has disbursed almost R9.5 billion through the COVID-19 Temporary Employer/Employee Relief Scheme (TERS).
Stunning drops in crude oil prices—the result of COVID-19-related declines in demand and an oil price war between Saudi Arabia and Russia—have been taking their toll around the globe this spring.
International air transport and tourism bodies launch appeal to support African travel, tourism sector
Five international air transport and tourism bodies have launched an appeal to international financial institutions, country development partners and international donors to support Africa’s Travel & Tourism sector.
Restrictions on cross border movement imposed in response to the Coronavirus pandemic by countries in the region, have adversely affected the supply of seeds which may lead to food insecurity.
The South African Revenue Service says the country’s tax and revenue performance has taken a knock as a result of an ailing economy compounded by the COVID-19 pandemic.
The South African government National Transport Movement (NTM) has announced it is to shut down South African Airways and form a new airline.
The Government of Japan announced an additional US$14.8 million in funding to meet the essential food security needs of vulnerable populations in Zimbabwe through the World Food Programme (WFP) and the Government of Zimbabwe.
Ghana’s growing reputation as a west African powerhouse has been hard-won but the COVID-19 global pandemic is a big test of the country’s agribusiness and food supply resilience.
The African Development Bank has approved grants worth €40.94 million for the construction of a bridge to connect Cameroon and Chad across the Logone river.
Equatorial Guinea has signed a new Ministerial Order extending all exploration blocks across its sedimentary basin for two years.
The International Islamic Trade Finance Corporation (ITFC) has signed a $100 million financing agreement with Egypt’s GASC to cover the government’s essential strategic commodity needs.
Over 40 million people across West Africa face desperate food shortages in coming months, with COVID-19 restrictions being a new factor adding to people’s vulnerability, according to the World Food Programme (WFP).
The Standards Alliance, in coordination with the African Union and the AGRA is supporting U.S.-Africa trade relations through the appointment of a technical advisor for technical barriers to trade (TBT) to the African Union.
The Republic of Ireland has become the African Development Bank Group’s 81st shareholder, following a declaration issued by the institution’s President, Akinwumi Adesina.
Liquid Telecom Zambia is supporting the Ministry of Health with free internet connectivity at COVID-19 quarantine centres.
More than 127 million pre-primary, primary, and secondary school students in Eastern and Southern Africa, who are supposed to return to school this week, remain at home, due to the COVID-19 outbreak.
The Department of Justice announced that it has transferred $311.7 to the government of Nigeria to repatriate assets the United States forfeited that were traceable to the kleptocracy of former Nigerian dictator Sani Abacha.
The World Bank approved a $100 million grant for the Malawi Governance to Enable Service Delivery Project with the objective of strengthening Local Authorities’ institutional performance, responsiveness to citizens, and management of resources.
The World Bank approved a $100 million International Development Association (IDA) supplemental financing for the Third Rwanda Energy Sector Development Policy Operation (DPO).
The South African Minister for Agriculture, Land Reform and Rural Development, Ms Thoko Didiza announced that South Africa will have sufficient staple grains supply in 2020/21 marketing year, which starts in May 2020 and ends in April 2021.
Safaricom will provide communication resources equivalent to 195 terabytes of data, 10 million voice call minutes and 33 million SMSs to critical Government healthcare workers for the next three months.
The Association of Equipment Manufacturers (AEM) submitted its industry’s priorities for the proposed United States-Republic of Kenya Trade Agreement.