African Pension Funds: Retirees and infrastructure for the sake of the people The Market Mogul, Dec. 01 How to ensure the peaceful retirement of millions of Africans retiring each year from active life to finally enjoy its soft twilight? Pension funds that feed the funded pension systems are a first answer.
Climate Conference Participants Discuss Water Resilience Voice of America, Dec. 02 Participants at the United Nations climate change summit outside Paris are discussing resiliency Wednesday, exploring the impact of natural disasters on the world's most vulnerable populations.
Off Grid Electric raises $25m Disrupt Africa, Dec. 01 Tanzanian off-grid solar energy provider Off Grid Electric has raised a US$25 million funding round, enabling it to expand to a second market, Rwanda.
Zimbabwe: China promises $1.2bn loan for Hwange thermal power plant upgrade ESI Africa, Dec. 01 In Southern Africa, finance minister Patrick Chinamasa stated that China has committed to provide a $1.2 billion loan for the refurbishment of the coal-fired Hwange thermal power plant in Zimbabwe.
Africa’s renewable energy use to rise four-fold by 2030 SciDevNet, Nov. 27 Africa is quickly adapting to modern renewable energy sources, and could more than quadruple renewable energy use to 22 per cent e by 2030, up from five per cent in 2013, says a new report.
China by far the largest investor in African infrastructure Financial Times, Nov. 30 State-run development finance is behind 80 per cent of infrastructure funding in Africa, with China heading the list of investors, according to a report.
Nigeria big beneficiary of $328bn Africa infrastructure growth fund Business Day, Nov. 30 Nigeria significantly increased its share of funding from development funding institutions (DFIs) over a five year period to 2014, underlining its economic potential as well as need for infrastructure, as commodity prices dropped dramatically.
France To Give Africa 6bn Euros For Energy Footprint 2 Africa, Dec. 02 France will give African countries two billion euros over the next four years to develop renewable energy and replace climate-harming fossil fuels, President Francois Hollande said.
Trade & Investment
Statement By Acting Administrator Lenhardt on the Confirmation Of USAID Administrator Gayle E. Smith USAID, Nov. 30 Press release.
Business giants launch global clean power initiative at UN climate summit ESI-Africa, Dec. 02 On Monday, founders of Microsoft, The Virgin Group and Facebook, launched a new global clean energy research project at the UN climate summit in Paris.
African countries can tap into their rich expatriates’ savings.
African countries can tap into their rich expatriates’ savings HowWeMadeItInAfrica, Nov. 24 They are dollars wrapped with care – money that is homebound to villages and towns across the globe sent by relatives who have migrated in pursuit of greener pastures or refuge.
The rise of mobile credit in Kenya HowWeMadeItInAfrica, Nov. 30 Today mobile phone-based micro-lending is taking off in Kenya, enabling people to access small amounts of money for emergencies while building up their credit history to qualify for bigger loans in the future.
Development banks vow to mobilize collective resources to confront climate change Star Africa, Dec. 01 The heads of the world's largest development banks have pledged to work together to substantially increase climate investments and ensure that development programs going forward consider climate risks and opportunities.
Malawian farmers learn new ways to combat climate change Devex, Dec. 02 With some 85 percent of its population of 16.8 million people dependent on agriculture for food and livelihoods, Malawi is a country that is susceptible to the effects of climate change, including droughts, heavy rain and flooding.
Integrated approaches to increasing food security and nutrition Devex, Dec. 01 Living and working in Kenya for the Rockefeller Foundation, and specifically on food security and rural economic development, the reality of food loss and waste is all too familiar. It is the shared reality of millions — the 70 percent of Africans drawing their livelihoods from agriculture and producing 80 percent of food in Africa.
Commercialising indigenous vegetable as instant noodle SciDevNet, Nov. 27 In South Africa, a partnership has created an instant noodle flavoured with a local vegetable.