East African nation seeks to transform state assets into a vehicle for future generations NAIROBI, Kenya — Kenya is turning to one of the world’s most successful financial models as it advances plans to establish a sovereign wealth fund designed to finance national development, reduce dependence on public borrowing, and
LONDON — In a landmark development for sustainable finance, Ecobank Group has launched what it describes as the world’s first International Capital Market Association (ICMA)-aligned Nature Bond issued by a commercial bank, raising $450 million to support biodiversity protection, sustainable agriculture, and water infrastructure across Africa. The bond, listed on
As cases rise in Central Africa, the world is racing to develop vaccines and treatments for a strain of Ebola that has none. A growing Ebola outbreak in the Democratic Republic of the Congo (DRC) and neighboring Uganda is exposing a critical vulnerability in the world’s pandemic defense system: despite
KINSHASA, Democratic Republic of the Congo — A fast-moving Ebola outbreak is spreading across eastern Democratic Republic of the Congo and into neighboring countries. World Health Organization Director-General Tedros Adhanom Ghebreyesus has traveled to the epicenter with a stark message: the epidemic can still be stopped, but the window to
A new Ebola outbreak in eastern Democratic Republic of the Congo has killed at least 65 people and triggered growing concern among African and international health authorities over the risk of cross-border spread in one of the continent’s most fragile regions. The outbreak has emerged in Ituri province, near the
Africa’s Longest Political Era Enters a New Chapter Ugandan President Yoweri Museveni was sworn in Tuesday for a record seventh consecutive term, extending his rule into a fifth decade and reinforcing his position as one of the world’s longest-serving leaders. The inauguration ceremony in Kampala unfolded under heavy security, with
Novo Nordisk Foundation and Grundfos Foundation Back Record Private-Sector Commitment to Expand Climate-Smart School Feeding The World Food Programme (WFP), backed by major philanthropic support from the Novo Nordisk Foundation and the Grundfos Foundation, has launched one of the most ambitious school meals partnerships in recent years, aimed at transforming
Tripoli — In a country long defined by oil, a new agreement between Libya’s Ministry of Marine Resources and the United Nations Development Programme signals a strategic pivot: toward the sea, and toward a more diversified economic future. The memorandum of understanding, signed this week, aims to advance Libya’s “blue
The global race to finance climate resilience took a decisive turn this week as the Green Climate Fund approved $440 million for a new wave of projects across Africa—an investment that signals both urgency and momentum in the world’s most climate-vulnerable regions. Announced following the Fund’s latest board meeting, the
A renewed push for reparations for the transatlantic slave trade is reshaping global diplomatic conversations, as Ghana intensifies efforts to secure formal recognition, compensation, and accountability at the United Nations. At the center of this effort is a proposed UN resolution backed by African and Caribbean nations that seeks to
