Somalia: World Bank approves USD$50 million for drought emergency

Somalia: World Bank approves USD$50 million for drought emergency

The World Bank has approved USD$50 million in grant funding to assist with the drought and famine response, and provide humanitarian aid to Somalia. The Somalia Emergency Drought Response and Recovery Project (SEDRP) will be coordinated through the International Committee of the Red Cross (ICRC) and the United Nations Food…

Focus on Africa in Guterres’ remarks to G7 leadership

Focus on Africa in Guterres’ remarks to G7 leadership

United Nations Secretary General António Guterres, speaking at a session on Africa and the G7 during the weekend summit in Italy, emphasized six strategies for advancing growth across the continent while reducing the risks that unemployment and economic frustration create for peace and security. Guterres noted the challenges facing fragile…

U.S. budget proposal cuts climate funding, international aid

U.S. budget proposal cuts climate funding, international aid

American officials on Tuesday released a much-awaited $37.6 billion combined budget request for the U.S. Department of State and U.S. Agency for International Development (USAID), one that cuts more than $17 billion from the “leaner” government’s diplomatic and foreign aid programs. “This budget request supports the President’s ‘America First’ vision…

Modi to open AfDB annual meeting in India

Prime Minister Narendra Modi of India will participate Tuesday alongside Akinwumi Adesina, president of the African Development Bank (AfDB), at the bank’s annual meeting in Ahmedabad in India’s western Gujarat state. The meeting, which runs through Friday, will focus on India’s partnership with African nations in key development areas, with…

WEF: Competitiveness report focuses on youth, jobs, cities

The Africa Competitiveness Report was released Thursday at the World Economic Forum on Africa meeting in Durban, with some muted positive trends despite the overall economic stagnation. Lagging infrastructure improvement, weak financial sector development and low levels of regional trade continue to be key constraints to growth. Yet the report,…

Ethiopia, Kenya headed to Belt and Road Forum in Beijing

China says that 28 governments so far have confirmed they will attend the Belt and Road Forum for International Cooperation (BRF) in Beijing in May, with the attendees including President Uhuru Kenyatta of Kenya and Prime Minister Hailemariam Desalegn of Ethiopia. They will be joined by United Nations Secretary General…

France promises €100 million to C.A.R as Touadera wraps up visit

France says it has committed €100 million to development initiatives in the Central African Republic (CAR), including road infrastructure projects in the north and east regions of the country. Funds also will be used to improve the situation in Bambari, RFI Africa reports. The announcement came as President Faustin-Archange Touadera…