African Risk Capacity launches Epidemic Insurance for African Countries

African experts and government officials came together for the launch of African Risk Capacity’s (ARC) Outbreak & Epidemic (O&E) insurance pilot programme on September 13-15 in Accra, Ghana. This product represents an effort to significantly improve the continent’s ability to protect against and respond to disease outbreaks and epidemics. Representatives from across Africa met to …

Multilateral Development Banks Increase Funding to Tackle Climate Challenge

The world’s six largest multilateral developments banks (MDBs) continued to make a strong contribution to the global climate challenge in 2016, increasing their climate financing in developing countries and emerging economies last year to $27.4 billion from $25 billion in 2015. Of this total, $21.2 billion or 77 percent was dedicated to climate mitigation finance, …

US African Development Foundation Invests in Young African Social Entrepreneurs

35 entrepreneurs from the 2017 Mandela Washington Fellowship will receive up to $25K in seed capital funding (Picture Source: USADF.gov) On September 6, the United States African Development Foundation announced an investment of $375,000 in seed capital funding for 35 young African social entrepreneurs for social and community change in 20 sub-Saharan countries in Africa. …

African Development Bank Invests $774 million in 6 African Countries

Akinwunmi Adesina, President, African Development Bank The African Development Bank announced its initial investment of $774million in six countries in Africa on Tuesday Sept 5. The investment is meant to accelerate progress on agribusiness ventures, youth empowerment and economic growth through its Feed Africa Initiative. The Bank aims to support 300,000 agribusinesses and create jobs …

World Bank Group Announces Record $57 Billion for Sub-Saharan Africa

The World Bank Group President Jim Yong Kim announced a record $57 billion in financing for Sub-Saharan African countries over the next three fiscal years in March 2017. The bulk of the financing – $45 billion – will come from the International Development Association (IDA), the World Bank Group’s fund for the poorest countries. The financing …