Africa

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Africa

Africa: Equatorial Guinea Economic Update – Designing Fiscal Instruments for Sustainable Forestry

[ad_1] Malabo — The World Bank today issued the 2024 Equatorial Guinea Economic Update which analyzes the country's recent economic developments and outlook and highlights the importance of designing effective fiscal instruments for sustainable forestry and economic diversification. Following two years of recovery, the economy of Equatorial Guinea contracted by 5.7% in 2023, driven by a decline in the hydrocarbon sector. Inflation decreased to 2.4% in 2023 compared to 4.9% in 2022, partly due to tight monetary policies pursued by […]

todayOctober 9, 2024 2

Africa

Africa Water Crisis Threatens Lives, Food Security, Economic Stability – Report

[ad_1] Few weeks ago, Centre for Science and Environment (SCE), a not-for-profit public interest research and advocacy organisation based in New Delhi, India, released its Down To Earth annual State of Africa Environment 2024 report. The report, which was released in Nairobi, Kenya, three weeks ago, highlights the intersection between water on the one hand and migration, climate change, poverty and diseases on the other. The State of Africa Environment 2024 report emphasized that Africa faces escalating water crisis that […]

todayOctober 9, 2024 3

Africa

Africa: World Bank Group Unveils Strategy to Drive Inclusive Growth and Resilience in Zimbabwe

[ad_1] The World Bank Group's Board of Executive Directors has approved the new Country Engagement Note (CEN) for Zimbabwe (2025-2026), focused on supporting the country's immediate development priorities. Aligned with Zimbabwe's Vision 2030 and the National Development Strategy 2021-2025, the CEN contributes to the World Bank Group's mission of ending extreme poverty and boosting shared prosperity. The CEN is structured around two pillars. Pillar 1 aims to support the country in reducing macroeconomic distortions, strengthening fiscal policies, and improving economic […]

todayOctober 9, 2024 2

Africa

Africa: Response to the Mpox Epidemic – Interview With Dr. Michel Muvudi On the World Bank’s Strategic Role in the Democratic Republic of Congo (DRC)

[ad_1] In the fight against the mpox epidemic in the Democratic Republic of Congo, the World Bank has rolled out a number of major initiatives to support the government and the affected communities. This interview with Dr. Michel Muvudi, Senior Health Specialist with the World Bank, highlights the work being done to address this epidemic and highlights the recommendations in place for the population. What steps have been taken by the World Bank to support the Democratic Republic of Congo […]

todayOctober 9, 2024 3

Africa

Africa Oil Week – Mantashe Slams ‘Foreign-Funded’ Activists

[ad_1] Protests held against fossil-fuel industry in Cape Town and Johannesburg Hundreds of environmental activists from various organisations took to the streets of Sandton calling for a boycott of the upcoming Africa Energy Week. In Cape Town, Extinction Rebellion and The Green Connection protested outside the Africa Oil Week conference. Africa Energy Week (AEW) will be hosted in Cape Town from the 4 to 8 November, and boasts that it is "Africa's biggest gathering of energy policymakers, companies and investors. […]

todayOctober 9, 2024 2

Africa

Africa: Britain Has Neglected Africa and the Commonwealth for Over a Decade – 4 Ways It Can Reset Relations

[ad_1] The United Kingdom is resetting its relations with Africa and other countries in the global south after more than a decade of neglect. At the United Nations in September, British prime minister Keir Starmer promised his government was returning the UK to responsible global leadership. This should include reconnecting with the countries of the global south which feel they have been neglected and among whom Britain's voice is now at a discount. The new Labour government's recently launched reviews […]

todayOctober 9, 2024 1

Africa

Africa’s Great Green Wall Will Only Combat Desertification and Poverty By Harnessing Local Solutions

[ad_1] In the rural village of Téssékéré, the increasing number and intensity of droughts linked to climate change is making the lives and livelihoods of the local Fulani communities increasingly vulnerable. Here, in the northern Sahel desert region of Senegal (known as the Ferlo), the pastoral population walks over dry, dusty ground with their livestock in search of grazing areas and working borehole water pumps. In favourable years, these farmers can stay in the fields around their local borehole, but […]

todayOctober 9, 2024 2

Africa

How ex-President Khama fell out with his protégé in Africa’s diamond state

[ad_1] AFPIan Khama (R) and his protégé Mokgweetsi Masisi (L) in happier times Ian Khama’s well-mannered voice barely disguises the anger that he feels.In several interviews that Botswana’s former president has given since 2019, when he began to express dissatisfaction with his hand-picked successor, Mokgweetsi Masisi, he has talked about him in damning terms.Masisi was “drunk on power”, Khama told the BBC’s Focus on Africa programme five years ago.Since then […]

todayOctober 9, 2024 1

Africa

Africa: ‘Africa Still Feeling Effects of Brutal Colonial Past’

[ad_1] Africa remains aware of the brutal colonial experiences and continues to suffer the effects to this day, President Mnangagwa has said. In a speech read on his behalf by Foreign Affairs and International Trade Minister Ambassador Frederick Shava at the inaugural Africa Peace and Security Dialogue hosted by the Thabo Mbeki Foundation in Johannesburg, South Africa, yesterday, the President said Africa would not forget such a brutal past. "As Africans, we remain cognisant of the experiences of the brutal […]

todayOctober 9, 2024 2

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