This story originally appeared on Black Enterprise 2023 is just over the horizon now that we’re in December and it’s setting up to be another year of instability with inflation still rising along with unemployment and the country heading into a recession. If you’re a budding entrepreneur, an investor, or someone looking to build wealth, doing it the right…
By Andrea Shalal WASHINGTON (Reuters) – China’s development banks provided $23 billion in financing for infrastructure projects in sub-Saharan Africa from 2007 to 2020, more than double the amount lent by such banks in the United States, Germany, Japan and France combined, a new study showed. The Center for Global Development think tank said a review of 535 public-private…
The awards, announced during an online event on 23 December 2021, aim to encourage the use of new technologies in Islamic economics and finance JEDDAH, Kingdom of Saudi Arabia, The Islamic Development Bank Institute (IsDBI) (www.IsDBInstitute.org) and the Islamic Financial Engineering Laboratory (IFE Lab) have announced winners of the second edition of the International Award for the Best Application…
Through the home-grown school feeding model, food commodities for school meals will be supplied by 1,000 smallholder farmers, particularly women LILONGWE, Malawi, The United Nations World Food Programme (WFP) welcomes a contribution of NOK 13.4 million (USD 1.5 million) from the Government of Norway to support the provision of locally produced school meals for 50,000 primary school learners in Malawi….
Finland will allocate EUR 39.73 million in funding for the High Impact Partnership on Climate Action (HIPCA) launched by the EBRD Finland will strengthen its role in the fight against climate change through an investment in a new partnership launched by the European Bank for Reconstruction and Development (EBRD). The funding will be targeted at climate action in North…
The pilot project was launched on December 17, 2021 in Maragima Primary School, Nyeri County, one of the 13 beneficiary schools As part of the Global Education Coalition (GEC), UNESCO and Huawei, in collaboration with the Government of Kenya through the Ministries of Education; ICT, Innovation and Youth Affairs; and the ICT Authority, have provided free internet connectivity to 13…
The acquisition of these high-volume trailer mounted flood pumps will enable the removal of large volumes of water (up to 5000/6000 litres per minute) from flooded areas PORT LOUIS, Mauritius, The Mauritius Fire and Rescue Service (MFRS) received, today, during a Handing-Over Ceremony held at the Coromandel Fire Station, 13 Trailer Mounted Pumps to the tune of Rs 20…
The projects are expected to start in February and March and develop activities in many regions and cities ADDIS ABABA, Ethiopia, The AFD Board approved the funding of the Civil Society Innovation Fund (CSIF) On December 15, 2021. The program aims at strengthening the diversification and innovation of Ethiopian civil society, ensuring a pluralistic and democratic organizational sphere, novel and creative…
The grants focus on various sectors including food security, education, and health, and will expand economic opportunities and improve the standard of living in communities in five provinces LUSAKA, Zambia, The U.S. Embassy has awarded $45,000 (K745,000) to nine Zambian community-based organizations through the U.S. Ambassador’s Special Self-Help small grant program. The grants focus on various sectors including food security,…
The IsDB Group has prioritized support to its Member Countries in rebuilding their economies JEDDAH, Kingdom of Saudi Arabia, Islamic Development Bank President and Chairman of IsDB Group, H.E. Dr. Muhammad Al Jasser, chaired the 10th meeting of the IsDB Institute Board of Trustees (www.IsDB.org), held virtually on 14 December 2021. The board meeting was the first to be held since Dr….
Ghana to benefit from largest EIB (www.EIB.org)support for COVID health investment in Africa, with EUR 75 million investment loan from the EIB, alongside EUR 7.5 million European Commission grant; Ghanaian and EIB leaders discuss strengthening health and economic resilience in Africa, local vaccine manufacturing and private sector support; EIB President confirms new business, renewable energy and digital investment and…
The agreement aims to improve cooperation and avoid duplication across climate-related programmes and activities underway in Malawi, Nepal and Liberia GLASGOW, Scotland, The United Nations Capital Development Fund and the NDC Partnership have signed a new agreement that promises to deliver accelerated results under countries’ Nationally Determined Contributions, following urgent calls for action expressed by many nations at COP26….
The High-Level Webinar was attended by more than 200 young students across the continent, many of whom are members of the network ADDIS ABABA, Ethiopia, Africa’s future will be shaped by the young minds of the ECA Young Economists Network (ECA-YEN) who will be nurtured to take charge of the economic direction in which the continent goes. This was…
This project is in line with the strategy for Sweden’s development cooperation with South Sudan 2018–2022, which fosters the humanitarian-development-peace nexus in the country On 6 December 2021, the Embassy of Sweden and the UNESCO Office in Juba, signed an agreement to implement a four-year project “Strengthening Technical and Vocational Education and Training (TVET) in South Sudan” amounting to…
The initiative, which ran from 26 November to 3 December 2021 aimed at enhancing skills development, job creation, and inclusive growth ADDIS ABABA, Ethiopia, A week-long series of exhibitions, trainings, and hackathons titled “Mt Kenya Innovation and Investment Week” has taken place in the Kenyan counties of Nyeri, Meru, and Kirinyaga. Organized by Mt. Kenya Hub in partnership with the Economic…
This is an opportunity for African content creators to push the boundaries of their creativity and innovation JOHANNESBURG, South Africa, Africa No Filter, a narrative change organization, and Meta (https://about.facebook.com/Meta/) have announced a partnership to launch “Future Africa: Telling Stories, Building Worlds” program, aimed at boosting the use of Virtual Reality in Africa’s storytelling. Supporting Extended Reality storytellers to…
Ministerial representatives from the CEMAC sub-region gathered in Congo-Brazzaville on 29-30 November to participate in the CEMAC Business Energy Forum, discussing the region’s development and inter-regional cooperation BRAZZAVILLE, Congo (Republic of the), The CEMAC Business Energy Forum, organized by Pro Meet Up and Learn and ML Consulting, which took place in Congo-Brazzaville on 29-30 November, concluded with interactive reflections…
Both livestock and agriculture play an important role in Somalia’s economy, with the two sectors being the main sources of economic activity, employment and export in the country Sureedo lives on her farm in Qoordumey village, Dolow, Somalia. She grows fruits and vegetables with her family and was among the 2 500 rural farming households affected by the drought and…
Micro Finance Institutions(MFIs) asked to adopt renewable energy financing models There is a high demand for renewable energy production and consumption across Tanzania, which microfinance institutions(MFIs) can unlock, as a way of addressing energy poverty, and creating a new revenue niche. That was the general assertion by workshop participants organised by the Tanzania Association of Microfinance Institutions (TAMFI) senior-level…
The Youth Entrepreneurship and Innovation Multi-Donor Trust Fund provides project preparation and co-financing for Bank projects and places great emphasis on employability, entrepreneurship and job creation Access Multimedia Content ABIDJAN, Ivory Coast, August 24, 2021/ — In June and July of this year, an African Development Bank (www.AfDB.org) technical review committee approved eight project proposals to receive funding in…
Finance In Common summit rallies 450 development banks to ramp up, deepen collective efforts to address fragility beyond COVID-19 “Nothing can dampen our collective resolve to provide better opportunities for all” – African Development Bank President Akinwumi Adesina ABIDJAN, Ivory CoastThe first global summit of public development banks on Thursday showcased a collective resolve to accelerate efforts to achieve…
*Seeks inclusive financial ecosystem for clean energy uptake Dar es Salaam, 28th August 2020 The project is supported by C.S. Mott Foundation based in Flint Michigan, US. It seeks to develop a program to improve capacity of the microfinance institutions to extend financing to enterprises and end users of renewable energy technologies in Tanzania, by targeting microfinance institutions….
The African Union Development Agency (AUDA-NEPAD) and Ecobank Group announce the key focus areas of their joint initiative to support Africa’s Micro Small and Medium Enterprises Micro Small and Medium Enterprises (MSMEs) are critical to the African economy as they account for almost 85% of all private sector employment LOME, Togo, May 27, 2020/ — AUDA-NEPAD (the African Union…
DAR-ES-SALAAM Microfinance Institutions play an effective role in poverty alleviation, social empowerment, and economic development within the broader context of financial inclusion. The assertion was made by Bank of Tanzania Deputy Governor, Dr. Bernard Kibesse in an event where 18 winners of the 3rd Citi Microentrepreneurship Awards (CMA) in Tanzania collectively won USD 37,500. He declared that the…
On a sector basis, the financial services sector continued to dominate the African IPO market during 2016 with 45% of total value and 55% of total volume, followed by consumer goods and industrials with a total value of 31% and 13% respectively JOHANNESBURG, South Africa, February 16, 2017/ — 2016 marked a challenging year for African equity markets in…
The Sixth Tokyo International Conference on African Development (TICAD VI) Summit will be held at Kenyatta International Convention Center in Nairobi, Kenya on 27th -28th August 2016. This will be the first time TICAD is being held in Africa since its inception in 1993. Dar Es Salaam, Aug 27, 2016/- The decision to host TICAD VI Summit in Africa…
Damas Mbogoro Political and administrative leadership of the second term of the fourth phase regime has to walk the talk, so to speak. The launching of KILIMO KWANZA was a very bold and far sighted undertaking of the fourth phase government. The test of the seriousness on this issue for the fourth phase regime lies in its successful implementation….