African Development Bank President Akinwumi Adesina assured the Sudanese government of the Bank’s continued support in the country’s transformation journey Three leading international financial institutions, the African Development Bank (www.AfDB.org), the World Bank, and the International Monetary Fund (IMF), on Thursday pledged multi-pronged support to Sudan as it opens a new chapter to overcome political […]
The Opportunity Fund will invest only in companies led by people of color, and is the first such fund to be created in response to growing protests Earlier this month and following the death of George Floyd, SoftBank announced a $100m investment fund for minority-owned businesses. The Opportunity Fund will invest only in companies led […]
Sustainable Energy for All sets out clear, practical steps for African countries to recover better from COVID-19 and close energy access gaps. As countries continue to rebuild from the COVID-19 pandemic, a new guide by Sustainable Energy for All (SEforALL) shows how clean energy investment can support countries to ‘Recover Better’, and use this unique […]
Over $1.8 billion dollars in pledges for Sudan poured in during a high-level Sudan Partnership Conference held on Thursday, 25 June 2020, marking an important step in the African nation’s re-engagement with the international community. African Development Bank President, Akinwumi Adesina, and the World Bank and the International Monetary Fund chiefs attended the Conference, which […]
Businesses in Africa suffer from the world’s highest costs of electricity. Rooftop and ground mounted Solar PV on the user’s site can slash industry’s energy costs, improve their competitiveness and create hundreds of thousands of jobs, but government regulations are holding investments back. Terje Osmundsen* The Coronavirus pandemic has left Africa’s economies bleeding. After 25 […]
When I was six years old my family moved to Kyangwali refugee settlement in Uganda. For two decades, I called Kyangwali my village and home. Every day, for seven years, I walked kilometres to and from school before completing my primary school in Kyangwali. When I went to secondary school and university outside the refugee […]
By Graça Machel, Dr. Ngozi Okonjo-Iweala, Dr. Vera Songwe, Maria Ramos We have been presented the opportunity to reimagine and redesign our society into a vibrant and equitable one COVID 19 has unearthed massive inequalities within our societies and brought to glaring light the unique burdens which women carry the world over. Allocation of response […]
Assia Sidibe JOHANNESBURG – COVID-19 is having a devastating impact on the global economy. Like every continent, Africa has been bracing itself for a sharp economic downturn. Yet, despite the inevitable recession, the pandemic has created a unique opportunity to promote the growth of small and medium-size enterprises (SMEs) on the African continent. Indeed, empowering […]
The Uganda Investment Authority (UIA) has predicted a significant decline in both foreign direct investment (FDI) and domestic direct investment (DDI), particularly in tourism, transport and construction sectors, due to the economic crisis induced by the COVID-19 pandemic and shutdown. According to the “UIA Policy Paper on Boosting Investments during and post-COVID-19 Period” that was […]
Suud Olat was barely a few months old when his family sought refuge at the Dadaab refugee camp in Kenya after fleeing from a civil war in Somalia in 1991. For 20 years, he lived in squalid conditions at the camp, surviving on food rations from the United Nations until 2011 when he got the […]
The Government of Uganda closed schools in an attempt to slow the spread of the COVID-19 pandemic. According to the Ministry of Education, more than 73,000 learning institutions are closed leaving 15 million learners and 600,00 refugee learners out of school. The Covid-19 pandemic threatens to reverse years of educational progress in Uganda, where education […]
Erna Solberg is Prime Minister of Norway. Tommy Remengesau, Jr. is President of Palau. OSLO/NGERULMUD – From Jamaica to Palau and Norway to Indonesia, the impact of the COVID-19 crisis is global, and national recovery efforts must be globally focused to seize shared opportunities. Nowhere is this more evident than in the global domain that […]
By Aubrey Hruby and Aubrey Rugo WASHINGTON, DC – As the COVID-19 crisis has escalated, stay-at-home orders have led to a surge in online purchases – of everything from groceries to medicines to household essentials – by consumers in the advanced economies. Africans facing similar movement restrictions will not enjoy the same convenience – or […]