Six African Countries Join the Global Financing Facility

The Global Financing Facility in support of Every Woman Every Child (GFF) announced  at its board meeting in Maputo, Mozambique in November, that ten new countries (including six from Africa) joined the GFF, a country-led model of development finance that brings together multiple sources of financing in a synergistic way to support countries’ priorities. The …

AfDB Launches Nationally Determined Contributions Hub

The AfDB’s Climate Change and Green Growth Department (PECG) has established the Africa Nationally Determined Contributions (NDCs) Hub to serve as a resource pool for Regional Member Countries (RMCs), and to coordinate various sector activities with a view to fulfilling obligations related to the Paris Agreement. The Hub particularly focuses on three key support areas: …

A New Philanthropic Partnership Launched with US$500million Investment in Developing Countries

A group of the world’s leading philanthropists today announced the formation of Co-Impact a new global model for collaborative philanthropy and social change at scale. Co-Impact will invest US $500 million in three critical areas – health, education, and economic opportunity – to improve the lives of underserved populations across the developing world. Co-Impact is …

2017 Ibrahim Index of African Governance Set for Launch on Nov 20

The Ibrahim Index of African Governance (IIAG) is an annual statistical assessment of the quality of governance in every one of the 54 African countries, covering a 17-year time series from 2000-2016 inclusive. The 2017 Ibrahim Index of African Governance (IIAG) is the 11th iteration of this Index, and set for launch on November 20. …

UNDP and Tony Elumelu Foundation Sign Agreement for Investment in SMEs Across Africa

The United Nations Development Programme and the Tony Elumelu Foundation (TEF) signed a Memorandum of Understanding (MoU), to express their desire to work together to further promote entrepreneurship in Africa. UNDP and TEF will work together to equip start-ups and existing small enterprises (SMEs) with necessary entrepreneurship skills to enable them to grow their businesses. …

African Union and Development Partners Launch 2017 Africa Sustainable Development Report

The 2017 Africa regional report on Agenda 2063 and the Sustainable Development Goals (SDGs) assesses the continent’s performance in domesticating and implementing the two development frameworks since their adoption in 2013 and 2015, respectively. The report is the first to simultaneously track progress on the 2030 Agenda for Sustainable development and Agenda 2063 (and its …

Join World Bank’s State of the Africa Region Seminar on Oct 14

As the region’s premier event during the World Bank-IMF Annual and Spring Meetings, the State of the Africa Region seminar provides an opportunity to reflect on the main trends shaping economic development on the continent. Attended by the region's leading thinkers and policy makers, the seminar will discuss key challenges and opportunities facing Africa amid …

IMF and Germany Expand Capacity Development Partnership in Africa

The International Monetary Fund (IMF) and Germany’s Federal Ministry for Economic Cooperation and Development (BMZ) have strengthened their cooperation on capacity development (CD) in Africa. This expanded CD cooperation will help the IMF to support African policymakers in addressing reform challenges in critical policy areas for increasing investment and job creation. In this context, IMF …