Addis Ababa — Urgent reform of the United Nations system and comprehensive debt relief for African countries are essential to the continent’s development and global fairness, Angola’s Permanent Representative to the UN, Francisco José da Cruz, said. The Permanent Representative stressed that reform of the UN, particularly the Security Council, is long overdue. While Africa…
African Heads of State and Government have called for a new era of sustainable malaria financing, warning that stalled progress, shrinking international support and emerging threats could reverse decades of gains against the disease. The call was made at the 39th African Union Summit in Addis Ababa, Ethiopia, where the African Union Malaria Progress Report…
Peter Gondo (with a microphone) a consultant at SKYPEG Consulting Ltd, speaking during a discussion session at the Zámba Heritage Congress in Nairobi, Kenya. PHOTO/FSC. By PATRICK MAYOYO [email protected] Investment in Africa’s forests remains well below necessary levels, impeding crucial conservation efforts and exacerbating the risks of deforestation, a leading forestry expert has said. Peter…
HUMAIN and the National Infrastructure Fund (“Infra”) announced on the sidelines of the World Economic Forum (WEF) Annual Meeting 2026 in Davos, Switzerland, a Strategic Financing Framework Agreement of up to $1.2 billion to support the expansion of AI and digital infrastructure projects in the Kingdom of Saudi Arabia. The Framework Agreement outlines non-binding financing…
African governments must view health financing as an investment rather than an expense to drive the continent’s development, the Country Lead for Africa Access Markets at Organon South Africa, Mokgadi Mashishi, has said. She emphasized the need for a multi-sectoral approach involving the Ministries of Health, Finance, and Agriculture in financing and delivering healthcare services…
Africa’s health sector is facing an unprecedented funding crisis, driven in part by a sharp decline in external health aid, which has fallen by 70% between 2021 and 2025. This shortfall is made worse by a rapidly expanding debt burden in African countries. In 2025, African countries are projected to spend about USD 81 billion…
Port-Louis, Mauritius — The Mauritius Commercial Bank Limited (MCB) has issued a structured financing package to Invictus Investment Company PLC to support the firm’s expansion across Africa and the Middle East. The facility combines acquisition finance with a revolving credit line, providing Invictus with additional working capital as it scales its agro-food operations. The arrangement…
The African Energy Commission (AFREC) has launched a new continental training on Renewable Energy in Nairobi today aimed at helping African Union (AU) Member States turn renewable energy concepts into bankable and buildable projects while fostering peer-to-peer knowledge exchange in Africa. The inaugural session brought together 45 energy sector officials from across the continent for…
Nairobi — MyCredit Limited has signed a KES 1.2 billion Memorandum of Understanding (MOU) with Enkisoma Africa Limited to finance and accelerate digital transformation in private schools across Kenya. The partnership will provide schools with access to computer labs, laptops, software, digital learning content, and other technology infrastructure through MyCredit’s education financing product, Kuza Elimu….
Slow climate adaptation threatening lives and economies. PHOTO/ Duncan Moore/UNEP. By PATRICK MAYOYO [email protected] In a powerful address at the Adaptation Gap Report side-event at COP30, Inger Andersen, Executive Director of the United Nations Environment Programme (UNEP), issued a stark warning that the world is “running on empty” when it comes to adaptation finance, as…
