AfDB

Tunisia: Macron Pledges Additional €227 Million Support

France would provide Tunisia with more than €227 million in new financing as the North African nation faces it worst economic crisis since the fall of its longtime strongman Zine el-Abidine Ben Ali. According to Paris, the support, announced during a visit to Tunis by French President Emmanuel Macron, includes €177 million in loans for […]

US tech giant Meta faces legal challenges in Ethiopia and Kenya

US tech giant Meta has faced mounting legal troubles in East Africa, including in Ethiopia where its subsidiary Facebook has been accused of contributing to violence during the brutal two-year conflict in the country’s northern Tigray region, and in Kenya where Meta has reportedly faced several lawsuits by local Facebook content moderators. In Ethiopia, Many […]

Egypt unveils $40.7m fund to invest in cutting carbon emissions projects

The Egyptian government launched a fund for investment in projects issuing carbon certificates with an authorized capital of EGP 1 billion ($40.7 million). The fund, dubbed EgyCOP, will finance Egyptian companies’ projects that reduce carbon emissions through the issuance of globally-accredited certificates from Switzerland’s The Gold Standards Foundation, the Arab country said in a statement. […]