The World Health Organization (WHO) today released new guidance for countries on ways to counter the immediate and long-term effects of sudden and severe cuts to external funding, which are disrupting the delivery of essential health services in many countries. The new guidance, called “Responding to the health financing emergency: immediate measures and longer-term shifts”,…
Luanda, Angola — 29 October 2025 The Alliance of African Multilateral Financial Institutions (AAMFI) and the African Union Development Agency-NEPAD (AUDA-NEPAD) have jointly announced the establishment of the AAMFI Infrastructure Financing Facility for African Union Development projects, a major initiative to accelerate infrastructure development across Africa. The announcement was made during the Luanda Infrastructure Financing…
Washington — The World Bank today approved an additional grant of $18.34 million to support Sierra Leone in enhancing biodiversity protection, environmental sustainability, and climate change resilience. This funding, provided through the Least Developed Countries Fund (LDCF) under the Global Environment Facility (GEF), will scale up ongoing activities under Phase 2 of the West Africa…
H.E. Mahmoud Ali Youssouf, Chairperson of the African Union Commission, joined Heads of State & Government in Luanda, Angola, today for the 3rd Summit on Financing for Infrastructure Development in Africa, & highlighted that “Africa must invest 130 billion dollars yearly to close its infrastructure gap; the backbone of the AfCFTA & of our economic…
Financial markets expert and Managing Director of NG Clearing, Mr. Farooq Oreagba, has said that Africa is on the verge of unveiling an innovative financing model to bridge its infrastructure gap a move he believes could transform the continent’s development trajectory. Speaking on the sidelines of the ongoing IMF/World Bank Annual Meetings, Oreagba said he…
The Second Africa Climate Summit, held in Ethiopia in September 2025, drew more than 25,000 people – from presidents and ministers to farmers, activists, business leaders and students. They came to talk about how Africa can source finance to grow in greener ways and cope with worsening climate disasters. Africa has barely contributed to greenhouse…
Across Nigeria, many privately-owned healthcare facilities face funding bottleneck. Pharmacies watch their shelves empty as they struggle to restock essential drugs. Laboratories, unable to afford new equipment needed for diagnoses, and clinics are forced to turn patients away, as they face financial constraints that limit the services they can provide. For banks, credit unions, and…
Lusaka — The World Bank is expanding support for Zambia’s watershed management and forest conservation, approving the second phase of the Transforming Landscapes for Resilience and Development (TRALARD II) project aimed to improve sustainable management of over 680,000 hectares of land and enhance livelihood resilience for over 650,000 people in targeted vulnerable communities of Zambia’s…
NEW YORK — EXIM-Backed Financing Guarantee Unlocks Capital, De-Risks U.S. Entry Into Africa’s Fast-Growing Digital Market Top U.S. officials, Citi, U.S. tech leader Cybastion and a consortium of U.S. tech companies announced the Export-Import Bank’s first-ever $100 million financing guarantee in Africa’s digital sector for a national data center and digitalization project in Côte d’Ivoire….
The second Africa Climate Summit opened in the Ethiopian capital Addis Ababa on Monday, with the continent determined to position itself not only as a frontline victim of global warming but also as a source of solutions and innovation. From 8 to 10 September, 45 heads of state and government, alongside more than 25,000 campaigners,…
