Crans Montana prize awarding

Africa proves climate resilience investment delivers economic returns

Africa’s success with climate adaptation demonstrates that resilience investments yield substantial economic benefits while protecting vulnerable communities. With 17 of the world’s 20 most climate-vulnerable countries located in Africa, the continent has become a pioneering force in climate adaptation strategies. The Africa Adaptation Acceleration Program (AAAP) has channeled over $15 billion into strengthening essential systems […]

Egypt’s foreign reserves hit record high of $50.07 billion in October

The Central Bank of Egypt (CBE) announced on Sunday that the country’s net international reserves reached a historic 50.07 billion U.S. dollars by the end of October, up from 49.53 billion dollars in September. This marks the highest level of foreign reserves in Egypt’s history, reflecting the impact of ongoing financial reforms and a resurgence […]

IFC Teams up with Moroccan BCP Group to Enhance Microfinance in Sub-Saharan Africa

The International Finance Corporation (IFC) has sealed an agreement with Atlantic Microfinance for Africa (AMIFA), a subsidiary of the Moroccan Banque Centrale Populaire (BCP) Group, for developing new products and services to boost financial inclusion in Sub-Saharan Africa. The agreement will enable AMIFA to strengthen the development capacity of its microfinance program in Sub-Saharan Africa […]