Africa Finance Headlines International

AfDB loans Seychelles $33m as strengthened response to climate change, transition to clean energy

The board of directors of the African Development Bank (AfDB) has approved a loan worth $33 million to Seychelles destined to strengthen the country’s response to climate change and the transition to clean energy in the framework of the implementation of the Phase III of the Governance and Economic Reforms Support Program. The approval came […]

Africa Asia Emerging Markets Finance Headlines International

UAE flexes its climate finance muscles to contribute to Africa’s green energy transition

As the United Arab Emirates (UAE) prepares to host the COP28 climate summit from 30 November to 12 December, the Gulf state has made a marked presence in Africa’s burgeoning green finance sector, with a group of Emirati investors having unveiled a landmark $4.5 billion pledge to invest in clean energy projects on the continent […]

Africa Headlines International

IMF warns climate change to exacerbate conflict, war-torn, fragile African states most at risk

Climate change that is already disproportionately affecting war-torn countries threatens to exacerbate conflict in fragile nations across the globe, but most of all in Africa, and lead to increased deaths, according to a new report published by the International Monetary Fund (IMF). While climate shocks alone may not trigger new unrest, the Washington-based global lender […]

Africa Features Headlines International

Post-Cotonou: EU green-lights new treaty with African, Caribbean and Pacific states

After more than a two-year delay, the EU Council finally ratified (20 July) a new treaty with African, Caribbean and Pacific countries that covers a wide range of areas, from sustainable development and growth, to human rights and peace and security. Recognized as one of the EU’s oldest and broadest cooperations with other countries, the […]

Africa Europe Features Headlines International

Uganda, S.Sudan, Congo most vulnerable to extreme heat if climate targets not met — Oxford report

The planet’s record-breaking hot weather has caused severe drought in many places around the world and African nations risk extreme heat if climate targets are missed, with Uganda, South Sudan, and Congo being among the most vulnerable to soaring temperatures, a recent Oxford study has warned. According to the report, eight of the 10 countries […]

Africa Comments Community Features Headlines International

UNICEF report warns of ‘backslide’ in vaccination of children in Africa

Nearly 13 million children in Africa missed one or more vaccinations and 8.7 million didn’t receive a single dose of any vaccine between 2019 and 2021, after Covid-19 caused service disruption, strained health systems, diverted scarce resources, while conflicts, climate change have driven this decline on the continent, a new report from United Nations Children’s […]

Energy Features Headlines Morocco

Morocco’s Wind Energy Industry to contribute $1.7 Bln in Country’s Economy

The wind energy Industry in Morocco is expected to create 75,000 additional jobs and contribute $1.2 billion in the country’s economy during the four coming years, according to a report released by Global Wind Energy Council (GWEC). A country which installs 1 GW of onshore wind energy capacity per year could unlock a range of […]

Business Egypt Features Finance Headlines

World Bank grants Egypt $9.13 M to expand the greater cairo air pollution management and climate change project

Egypt has secured $9.13-million grants from the World Bank for the expansion of the management of e-waste and healthcare waste under Greater Cairo pollution reduction project, the country’s Ministry of International Cooperation said in a statement. The grant would reinforce the original project’s environmental benefits, both locally and publicly, by improving e-waste and healthcare waste […]

Community Headlines International Morocco

Climate Change: Morocco will defend African island countries at COP-27

Morocco has pledged to defend the African Islands at the UN Climate Change Conference (COP27) due in Sharm Sheikh, Egypt, from 6 to 18 November 2022. The announcement was made Tuesday by Moroccan foreign minister Nasser Bourita in a speech made via videoconference during a ministerial meeting of the Peace and Security Council of the […]

Blogs Community

Climate representatives gathered in Kinshasa for pre-COP27 call for more funding

Climate representatives from more than 40 countries who gathered for a pre-COP27 climate summit in the Democratic Republic of Congo’s capital, Kinshasa, have called out rich nations for failing to honor a $100bn per year funding pledge to developing countries. Dozens of ministers and senior delegates are in Kinshasa this week for a final meeting […]