Pension funds and insurance companies in different African countries invest billions abroad despite energy projects on the continent needing investment, says chairperson of the presidential initiative on climate change in Sierra Leone Kandeh Yumkella. Speaking at the Accelerated Partnership for Renewables in Africa (Apra) investment forum in Sierra Leone, Yumkella said projects in Africa are…
Over 63 million East Africans experienced severe hunger in 2024 and 40% lack access to safe drinking water. East African countries collectively contribute a tiny 0.09% of the global carbon emissions but are some of the worst-hit by the global climate crisis. Appeals for humanitarian assistance doubled from $3.1 billion to $6.1 billion during the…
Nearly 600 million people across the African continent still lack access to electricity. Close to one billion rely on traditional biofuels for cooking. Africa is also very vulnerable to climate change, even though it has contributed less than 5% of the world’s greenhouse gas emissions over the past 170 years. Speeding up the move to…
From agricultural lands to technology startups, African women are not only building, but they are endlessly reinventing the economy. Even when women are said to be the backbone of the family and the foundation of a nation, they are almost never credited for their victories. As we mark Pan-African Women’s Day 2025 on July 31,…
Insights from the World Bank GROW Expo Despite women contributing nearly 40% of Africa’s GDP, they receive less than 7% of private equity and venture capital funding–and only a fraction of that reaches women-led SMEs. At the recent World Bank’s GROW Expo in Uganda, the Graça Machel Trust’s Afrishela Fund challenged this disparity with a…
Nairobi — Start-ups in Africa that are led by women continue to face major challenges in raising capital, particularly as they seek later-stage funding, according to new data from Africa: The Big Deal, a U.S.-based newsletter tracking start-up investments across the continent. In a report titled ‘Disappearing Women’, co-author Max Cuvellier Giacomelli highlights a persistent…
