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  • Published on 08:02 GMT

    Sidi Ould Tah: The Quiet Rise of Mauritania on the African Stage

    Elected with over 76 percent of the vote, Mauritania’s Sidi Ould Tah embodies the discreet but strategic resurgence of a long-understated country on the continental scene. His victory crowns several years of steady diplomatic positioning. The vote sent …

    Source: The Reporter Ethiopia - Neutral
  • Published on 09:14 GMT

    Africa Eyes Diaspora Funds to Close US$1.3 Trillion Development Gap

    New research reveals Africa’s diaspora communities could hold the key to solving the continent’s massive infrastructure and development financing challenges. The 2025 African Economic Outlook report shows that while remittances to Africa reached $91.1 …

    Source: News Ghana - Indeterminate
  • Published on 09:22 GMT

    Climate funds approve $2.2B coal-exit plan for South Africa

    Photo credit: Getty Images via AFP A climate fund associated with the World Bank has endorsed South Africa's efforts to reduce its dependence on coal, unlocking up to $2.6 billion (€2.25 billion) in financing and providing a significant boost to the …

    Source: News.Az - Pro-Government
  • Published on 14:44 GMT

    AfDB Urges African Nations to Boost Domestic Resource Mobilization

    The African Development Bank has called for urgent reforms to unlock domestic financing across the continent, revealing Africa requires $1.3 trillion annually to meet development targets but loses $88 billion yearly to illicit financial flows. With tax …

    Source: News Ghana - Indeterminate
  • Published on 01:48 GMT

    Climate Change: AGN Chair emphasises importance of Africa’s unity in global negotiations

    Chair of the African Group of Negotiators on Climate Change (AGN), Dr. Richard Muyungi, has emphasised the importance and power of Africa’s unity in global negotiations. Speaking at the opening of the AGN Preparatory Plenary Meeting ahead of the 62nd …

    Source: Joy FM - Indeterminate
  • Published on Jun 13, 2025

    How IFFs cripple Africa’s development

    LLICIT Financial Flows (IFFs) remain one of the most pressing and destructive challenges facing Africa and the global economy today. These illegal movements of money across borders often through tax evasion, corruption, money laundering, trade misinvoicing …

    Source: Daily News Tanzania - Pro-Government
  • Published on Jun 13, 2025

    African Development Bank backs Egypt solar scheme

    The financing package is worth up to $184.1m and will support the development of the Obelisk solar photovoltaic project The African Development Bank Group (AfDB) has approved a financing package worth up to $184.1m to support the development of the Obelisk …

    Source: MEED - Neutral
  • Published on Jun 13, 2025

    Coal to cash: South Africa gets major boost for energy shift

    A World Bank-linked climate fund has backed South African plans to cut the country’s reliance on coal, unlocking up to US$2.6-billion (R46.8-billion) in financing and giving the nation’s energy transition an unexpected boost. The approval of the updated …

    Source: TechCentral - Neutral
  • Published on Jun 13, 2025

    Climate Investment Funds approve $2.6bn coal-exit plan for South Africa

    A World Bank-linked climate fund has backed South African plans to cut its reliance on coal, unlocking up to $2.6-billion in financing and giving the nation’s energy transition an unexpected boost. The approval of the updated plan by the Climate Investment …

    Source: Engineering News - Neutral
  • Published on Jun 13, 2025

    South Africa given access to $1bn concessional fund to help green industry

    South Africa has been selected alongside six other developing countries to participate in a new $1-billion global investment programme that will provide concessional finance for projects that reduce industrial greenhouse gas emissions. The other countries …

    Source: Engineering News - Neutral
  • Published on Jun 13, 2025

    AfDB approves $184.1 million for Africa’s largest solar project in Egypt

    The African Development Bank Group's Board of Directors has approved up to $184.1 million in financing for the Obelisk solar project in Egypt, which is set to become Africa’s largest solar power plant. The project will feature a 1-gigawatt solar …

    Source: Business Insider Africa - Neutral
  • Published on Jun 13, 2025

    Africa’s Debt Burden Reaches 65.5% of GDP, Squeezing Business Growth

    Africa’s median debt-to-GDP ratio has climbed to 65.5%, up from 50% before the pandemic, according to the African Development Bank’s 2025 Economic Outlook. This mounting debt crisis is tightening credit markets and raising operational risks for businesses …

    Source: News Ghana - Indeterminate
  • Published on Jun 13, 2025

    Making blended finance work in Africa

    Expanding Africa’s investor baseJapan’s Mitsubishi UFJ Financial Group – better known as MUFG – is one of the giants of the banking world. It took its modern form in 2005 following a series of mergers that made the group the largest financial institution …

    Source: African Business - Neutral
  • Published on Jun 13, 2025

    How poor connectivity is locking rural Nigerians out of mobile money boom 

    In the quiet village of Temidire, nestled within the Ibarapa East Local Government Area of Oyo State, mobile phones are little more than decorative objects. The only network signal, when it shows up, is at the mercy of the wind, flickering weakly due to …

    Source: Nairametrics - Neutral
  • Published on Jun 12, 2025

    AfDB announces $184m for solar and battery storage project in Egypt

    The African Development Bank Group (AfDB) has approved a financing package worth up to $184.1m to support the development of the Obelisk solar photovoltaic project in Egypt’s Qena Governorate. The power project is the largest solar power plant in Africa …

    Source: Power Technology - Neutral
  • Published on Jun 13, 2025

    Kuwait proud of ties with Africa: FM Al-Yahya

    KUWAIT CITY: “The relationship of Kuwait with countries in the African continent is deep and historic,” says Foreign Affairs Minister Abdullah Al- Yahya. Al-Yahya made the statement when he attended the annual Africa Day celebration, which was held at the …

    Source: Zawya - Indeterminate
  • Published on Jun 12, 2025

    African Development Bank greenlights $184.1M to back Africa’s largest solar power facility in Egypt

    Cairo – June 12, 2025: The African Development Bank (AfDB) Group has approved a financing package of up to $184.1 million to back the development of the Obelisk solar project in southern Egypt. Once completed, the project will stand as Africa’s largest …

    Source: Egypt Today - Gov't Propaganda
  • Published on Jun 12, 2025

    Egypt: AfDB Commits $184.1 Mn For Solar & BESS Project

    The project advances Egypt’s commitment to achieve 42 % generation from renewable energy by 2030 It’s expected to be fully operational by the third quarter of 2026 It would generate 2,772 GWh of clean energy annually for the national grid African …

    Source: Saur Energy - Pending
  • Published on Jun 12, 2025

    AfDB backs Africa’s largest solar power plant in Egypt with $184.1mln package

    Arab Finance: The African Development Bank Group (AfDB) has approved a $184.1 million financing package to support the development of the Obelisk 1-gigawatt solar photovoltaic project and 200-megawatt-hour battery energy storage system in Egypt, as per a …

    Source: Zawya - Indeterminate

17 days 18:22:06

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