IFC logo

UNCTAD says Africa investment still lagging despite global FDI rebound

Foreign investment in Africa remains under strain despite a rebound in global capital flows, the United Nations Conference on Trade and Development (UNCTAD) said last week, warning that weak project finance, high borrowing costs and geopolitical uncertainty continue to deter long-term investment on the continent. In its Global Investment Trends Monitor, published in January, UNCTAD […]

Global Environment Facility, UNDP launch $10 Million Project for climate adaptation in Somalia

The Global Environment Facility (GEF) and the UN Development Program (UNDP) have announced Thursday a $10 million program to build capacity for flood and drought forecasting in Somalia. The project is expected to promote water security and access for more than 360,000 farmers and pastoralists during prolonged droughts and flood, the UNDP announced in a […]

At Least 28 Civilians Killed in RSF Rocket Attack on North Darfur Town

At least 28 civilians have been killed and 39 others injured, including 10 women, following an attack by Sudan’s paramilitary Rapid Support Forces (RSF) in North Darfur, a medical group reported on Tuesday. The Sudan Doctors Network said the casualties resulted from a rocket strike on the town of Mustariha in western Sudan. The assault […]