WB achieves record $42.6b in climate finance for FY ’24
The World Bank (WB) has announced a record $42.6 billion in climate finance for fiscal year 2024, marking a 10 per…
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sustainable development
IFC, Microsoft partner to boost digital transformation in L. America, Caribbean
The International Finance Corporation (IFC) and Microsoft have signed a strategic agreement to boost digital…
Egypt c. bank: Financial inclusion reaches 71.5% in June ’24
The Central Bank of Egypt (CBE) reported a rise in financial inclusion, with 71.5 per cent of citizens aged 16 and…
WB raises $6.5b in record sustainable bond deal
The World Bank has raised $6.5 billion through a dual-tranche Sustainable Development Bond transaction, marking its…
Energean’s $1.2b Katlan project to start in ’27
Energean announced a $1.2 billion investment to develop the Katlan gas project off Israel, with production expected…
New sugar project enhances Egypt’s agriculture
The Egyptian Countryside Development Company has signed a landmark agreement with Nile Sugar to develop a…
Egypt launches EGP 1.6b worth projects in Red Sea
Egypt's Central Agency for Reconstruction is currently overseeing the implementation of 25 projects with a total…
EU-Kenya economic partnership agreement finalised
The EU Council has greenlit the EU-Kenya Economic Partnership Agreement (EPA), promising trade growth and…
Africa needs $1.3t annually for sustainable development – minister
Africa needs $1.3 trillion annually to meet its sustainable development needs by the end of this decade in 2030,…
Africa’s high debt service stalls 2030 agenda progress – UN
Africa is grappling with multiple crises, including a 183 per cent debt increase since 2010, quadruple the region’s…