Nearly $62 million is headed to Africa to support women in business

Nearly $62 million is headed to Africa to support women in business

Nearly USD$62 million for women in business is headed to the African continent, after the Women Entrepreneurs Finance Initiative (We-Fi) announced on Monday its funding allocation for the African Development Bank and its own women-focused programs. The funding through AfDB’s Affirmative Finance Action for Women in Africa (AFAWA) will be…

UN’s Guterres presses for climate funding in Africa

UN’s Guterres presses for climate funding in Africa

United Nations Secretary General António Guterres says the African continent needs a “quantum leap” in climate change and development funding – especially so because we are not, Guterres said, winning the battle against climate change impacts. “The African continent practically does not contribute to climate change, but the African continent…

Study: Climate change is dragging down African economic growth

Sudan and Nigeria are among countries in the world where economic growth already has been most damaged by global warming, according to new research from Stanford University in the United States. The research, published this week in the Proceedings of the National Academy of Science (PNAS), also listed Brazil, India…

Report: DR Congo military leader involved in illegal timber trade

An investigative report from Global Witness accuses a high-ranking though disreputable military leader in Democratic Republic of Congo of acquiring illegally traded timber licenses in a matter of days, and then selling the associated company to a Chinese timber kingpin already operating in the country. General Gabriel Amisi Kumba is…

Zimbabwe to begin compensation for land-reform farmers

Zimbabwe is moving forward with a process to compensate former farm owners whose land was taken from them because they were white during the country’s fast-track land reform program (FTLRP). “The registration process and the list of farmers should be completed by the end of April 2019, after which the…

World Bank commits $22.5 billion more to Africa for climate change

World Bank Group announced Thursday it is providing USD$22.5 billion to Africa for climate mitigation and adaptation across five years beginning with 2021, adding to the $17 billion already committed through the Africa Climate Business Plan. The announcement was made during the One Planet Summit in Nairobi, with President Uhuru…

EU holds back on new Zimbabwe sanctions but warns it’s watching

While the European Union has declined to impose additional sanctions against Zimbabwe, there remains much concern over human rights and democratic principles amid the country’s economic and political crisis. “We have seen a crackdown on demonstrations in January – just a month ago – as well as the disproportionate use of force by…