Projects

The United States Assistant Treasury Secretary, Alexia Latortue, has assured the African Development Bank Group President, Dr Akinwumi Adesina, that the US remains a strong and proud supporter of the African Development Fund. The African Development Fund is AfDB Group’s concessionary lending arm that supports Africa’s low-income economies. Alexia Latortue …

The World Bank has announced that it has launched the world’s first wildlife conservation bond (WCB), generating 150 million dollars to boost initiatives to raise the endangered black rhino species in South Africa. The bank said the 5 year “rhino bond” would pay holders depending on the pace of expansion …

Medical Laboratory and research scientists from across West Africa will this week converge in Ghana to deliberate on how West Africa can build needed local capacity for the manufacturing of vaccines and other medical products in the sub-region. The annual conference tagged CelebrateLAB West Africa 2022, which is the 8th …

Agenda 2063 is the African Union’s long-term framework for socio-economic development, regional integration and the preservation of history and culture. The agenda has 15 flagship projects. These have been identified as necessary for meeting the continent’s aspirations. They are wide-ranging and include constructing a network of high-speed trains; ending violence and creating …

The contribution from the Central Emergency Response Fund (CERF), announced on Thursday, will go towards relief projects in six African countries and Yemen. Lifesaving relief The money will enable UN agencies and their partners to provide critical support, including food, cash, nutritional help, medical services, shelter, and clean water. Projects will also …

To address growing food insecurity that is already affecting tens of millions of people across West Africa, the United States, through the U.S. Agency for International Development (USAID), is providing more than $311 million in additional humanitarian assistance to support vulnerable people in the Sahel and Lake Chad Basin regions. …

The Vice President, Yemi Osinbajo, on Monday, assured that Nigeria was committed to realising the Sustainable Development Goals also known as the United Nations’ Agenda 2030, and a similar initiative by the African Union called the AU Agenda 2063. He also highlighted the various policy initiatives of the Federal Government …

The European Commission’s Directorate-General for European Civil Protection and Humanitarian Aid Operations (ECHO) is supporting the work of the World Health Organization (WHO) to boost COVID-19 vaccination campaigns and increase coverage in 15 African countries. With a total of €16 million from ECHO, WHO is supporting operational and technical aspects …

The UK is to support the implementation of the African Continental Free Trade Area. UK launches programme of up to £35m to support negotiations and implementation of the African Continental Free Trade Area (AfCFTA). The AfCTFA is expected to lift 30 million people out of extreme poverty, create jobs, and …

THRIVEAGRIC, a technology-driven agricultural company, has raised $56.4 million in debt funding from local commercial banks and institutional investors. The raise also included a co-investment grant of $1.75 million from the USAID-funded West Africa Trade & Investment. This new investment would enable the company to grow its over 200,000 farmer …