Despite spending billions on health every year, many African health systems remain underfunded and heavily dependent on external assistance. Then, African leaders adopted the Abuja Declaration, which pledged to allocate at least 15% of their national budgets to health care. Yet, as fiscal spaces tighten and debt burdens grow, a new consensus is emerging: the problem isn’t…
Nairobi — Relying on donor funding is not the right way to finance biodiversity conservation. Biodiversity is not a charitable cause. It is actually part of the sovereign natural assets, and so we need to look at ways in which countries can link their economies to biodiversity conservation. – Luther Bois Anukur, IUCN Eastern and…
Afreximbank President, Dr George Elombi addresses the 50th Regular Meeting of the Conference of Heads of Government of the CARICOM in Basseterre, St. Kitts and Nevis Pan African Multilateral Bank, African Export-Import Bank (Afreximbank), has announced a major expansion of its engagement with the Caribbean Community (CARICOM), increasing its regional financing limit from US$3 billion…
Mr Kaseya said sustainable financing is now one of the institution’s five strategic pillars, with a focus on mobilising innovative domestic resources and exploring previously underutilised mechanisms such as debt swaps. The Africa Centres for Disease Control and Prevention (Africa CDC) has intensified efforts to unlock an estimated $1 1billion in health financing through debt-for-health…
African Heads of State and Government on February 14, 2025, formally launched the Africa Infrastructure Financing Facility (AIFF), a coordinated, Africa-led platform designed to accelerate the preparation and facilitation of financing for priority cross-border infrastructure projects aligned with Agenda 2063. The launch took place during the Third Presidential High-Level Dialogue of the Alliance of African…
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…
