The International Finance Corporation, a member of the World Bank Group, has teamed with Gaia Energy, a Moroccan renewable energy developer, to set up a joint platform for the development of wind power and other renewable energy projects in Africa. Gaia Energy is active in 10 countries across Africa. The new joint platform will start […]
South Sudan’s fragile peace process faces a severe setback as escalating violence between government forces and armed groups threatens the 2018 power-sharing agreement between President Salva Kiir and Vice President Riek Machar. The recent clashes, particularly in the Upper Nile state, have prompted the United Nations to warn of an “alarming regression” that could unravel […]
Zambia, the first African country to default on its debt in the COVID-19 era, has won International Monetary Fund board approval for a $1.3bn support package, an important step towards the nation restructuring its debt and a boost for the global effort to help indebted developing nations. The lending plan — an Extended Credit Facility […]
