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…

IMF trims projections for sub-Saharan Africa, global growth

The new World Economic Outlook report projects that global growth will remain steady over 2018–19 at last year’s rate of 3.7 percent, but that’s revised down from 3.9 percent earlier this year. “There are clouds on the horizon. Growth has proven to be less balanced than hoped,” said Maurice Obstfeld, chief economist…

Report on climate resilience urges help for sub-Saharan Africa

There’s troubling news for sub-Saharan Africa on climate change, as a new report from a British green-tech company looks at preparedness and resilience levels in nations across the world. It again highlights the urgent need for global commitments to assist the developing world on climate. Each year, the London-based Eco…

Lagarde: Africa’s tech, soft infrastructure are IMF priorities

Christine Lagarde, managing director of the International Monetary Fund, said soft infrastructure investment across Africa is a development and investment priority as the IMF encourages a more inclusive – and more vigorous – approach to global economic growth. “More can be done to raise growth now and make it more inclusive,”…