In a decisive stride towards climate resilience, the African Development Bank (AfDB) announced plans to establish a dedicated Carbon Markets Support Facility aimed at galvanizing carbon finance across Africa. Recognising the continent’s disproportionate vulnerability to climate change-induced disasters, this pioneering initiative seeks to unlock new streams of investment by formalizing and scaling carbon credit trading. […]
Battered by the oil price slump, the underdeveloped banking sector in Algeria sees new financing sources in Islamic finance to tap into the huge informal economy and catch up with Morocco and Tunisia, which have already allowed such participatory banks to operate. As it edges towards offering banking services to suit more religiously conservative investors, […]
Deprivation, marginalization and perceived state violence or abuse of power are pushing young Africans into the clutches of violent extremism, a groundbreaking study by the United Nations Development Program (UNDP) has revealed. The study, “Journey to Extremism in Africa: Drivers, Incentives and the Tipping Point for Recruitment”, explores the factors that shape the dynamics of […]
